Singer-songwriter, Composer, Film Producer, Actor, Dancer, Film director, Author, Entrepreneur, Screenwriter, Record producer
Madonna Net Worth
Madonna is an American best-selling singer-songwriter and actress who has a net worth of $850 million. Referred to as the “Queen of Pop”, she is regarded as one of the most influential figures in popular culture. Madonna is noted for her continual reinvention and versatility in music production, songwriting, and visual presentation.
Additionally, she is recognized for pushing the boundaries of artistic expression in mainstream music while remaining completely in charge of every aspect of her career. Her works, which incorporate social, political, sexual, and religious themes, have generated both critical acclaim and controversy. Madonna is often cited as an influence by other artists.
Born and raised in Michigan, Madonna moved to New York City in 1978 to pursue a career in modern dance. After performing as a drummer, guitarist, and vocalist in the rock bands Breakfast Club and Emmy, she rose to solo stardom with her debut studio album, Madonna (1983). She followed it with a series of successful albums, including all-time bestsellers Like a Virgin (1984) and True Blue (1986) as well as Grammy Award winners Ray of Light (1998) and Confessions on a Dance Floor (2005). Madonna has attained many number-one singles throughout her career, including “Like a Virgin”, “La Isla Bonita”, “Like a Prayer”, “Vogue”, “Take a Bow”, “Frozen”, “Music”, “Hung Up”, and “4 Minutes”.
Madonna’s popularity was further enhanced by roles in films such as Desperately Seeking Susan (1985), Dick Tracy (1990), A League of Their Own (1992), and Evita (1996). While Evita won her a Golden Globe Award for Best Actress, many of her other films received poor reviews. As a businesswoman, Madonna founded an entertainment company called Maverick (including the label Maverick Records) in 1992. Her other ventures include fashion brands, children’s books, health clubs, and filmmaking. She contributes to various charities, having founded Ray of Light Foundation in 1998 and Raising Malawi in 2006.
With sales of over 300 million records worldwide, Madonna is certified as the best-selling female music artist of all time by Guinness World Records. She is the most successful solo artist in the history of the US Billboard Hot 100 chart and holds the record for the most number-one singles by a female artist in Australia, Canada, Italy, Spain, and the United Kingdom. With revenue of U.S. $1.4 billion from her concert tickets, she remains the highest-grossing solo touring artist of all time. Madonna was inducted into the Rock and Roll Hall of Fame in 2008, her first year of eligibility. She was ranked as the greatest woman in music by VH1 in 2012, and as the greatest music video artist of all time by Billboard in 2020. Rolling Stone also listed Madonna among the 100 Greatest Artists of All Time and the 100 Greatest Songwriters of All Time.
Is Madonna a Billionaire?
Contrary to a popular rumor, Madonna is not a billionaire. Back in 2013, a little-known Madonna fan blog misinterpreted the fact that her MDNA tour grossed $300 million to mean that Madonna herself was $300 million richer and therefore a billionaire. At the time her net worth was $650 million. First off, even if Madonna did somehow make $300 million, after taxes, she would only be worth $950 million which is not quite a billionaire.
But more importantly, the claim that $300 million in gross concert revenue equates to a net $300 million increase in her personal wealth is grossly misinformed. That $300 million number is gross revenue, which means before costs are taken out. Madonna is lucky to take home 10-20% of her tour’s profits after all expenses are removed. That would still be a very nice income, but nowhere near $300 million. Unfortunately, many reputable media outlets helped spread this false rumor by snowballing the story as fact across hundreds of websites, magazines and newspapers. The rumor has since been debunked by virtually every reputable wealth tracking media outlet including Forbes, CelebrityNetWorth, Bloomberg and more.
