Lady Gaga Reveals The Shocking Moment She Found Out She Was Bankrupt At The Height of Her Career
The year 2019 was certainly a good one for the singer turned actress Lady Gaga. Not only did the performer win three awards at the Grammys, but she also bagged an Oscar for Best Original Song for ‘Shallow’, which was used for her critically-acclaimed film ‘A Star Is Born’.
There’s no doubt about it. The 33-year-old has come far since her music debut more than a decade ago. But things weren’t always all well for the star. Not too long ago, she faced a huge financial setback at the height of her pop-star fame.
All For the Craft
As Lady Gaga, whose real name is Stefani Germanotta, revealed to the Financial Times, she was bankrupt and in debt around the time of her second worldwide concert tour, The Monster Ball Tour. Running between 2009 and 2011, the 203-show tour left her $3 million in debt.
She recalls the time she was confronted with her situation asking her people how it could possibly happen. At the time, the star had five no.1 hit singles and was doing shows that sold well.
According to Germanotta, she ended up in this predicament because she put in everything into the show. Fortunately, the star was able to get her finances out of the red soon enough. She clarifies, though, that her career efforts were never about the money. Above all, Lady Gaga does things for the love of her fans.
Since her successful debut, the singer has been consistently among the world’s top-paid celebrities. In fact, she even beat the likes of media mogul Oprah Winfrey in 2011 to claim the top spot on Forbes’ Celebrity 100 list. Reports say that the performer earned about $90 million that year alone.
And although her annual earnings aren’t high as before, Lady Gaga is still among the highest-earning women in the music industry. Aside from concert and music sales, her paychecks come from a variety of endorsement deals for well-known brands like Versace, Bud Light, and Barnes & Noble.
Her wealth is about to grow larger as she achieves a new milestone in her career. Like other well-known musicians, Lady Gaga has scored a lucrative Las Vegas residency that would see her performing shows at the Park Theater.
Her residency consists of two shows ‘Enigma’ and ‘Lady Gaga Jazz + Piano’. The first is centered on her pop hits while the latter will feature some duets with renowned singer Tony Bennett.
Tickets for the shows reportedly sell for as much as $698 a night depending on the date. Reports from Variety estimate that the singer is bound to make around $1 million a show during her stint, which would further grow her $300 million fortune.
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