How Lady Gaga Bounced Back from Being Practically Bankrupt At The Height Of Her Career
Lady Gaga is one of her generation’s most commercially and critically acclaimed musicians. So, her confession of financial troubles comes as a surprise to many people. The star debuted to instant success in 2008 with the hit album ‘The Fame’ and hasn’t stopped working since.
Once upon a time though, the singer made a mistake that ended up costing her a lot. In an interview, she shared about being informed that she didn’t have any money and was actually $3 million in debt. She was incredulous at the time resting on the fact that she has just scored five number-one singles. This achievement didn’t matter though as the elaborate performance she was doing for her ‘The Monster Ball Tour’ was bankrupting her.
Fortunately, the ‘Paparazzi’ singer managed to turn things around after the tour. It’s all reportedly thanks to a well-struck deal with Live Nation, which entailed her embarking on another series of stadium shows. An HBO special also helped her get out of the red fast.
Not About the Money
Despite finding her footing financially once again, Lady Gaga insists that she doesn’t do things just for the money. As an artist, she says that it’s only the love of her fans that she cares about. In fact, she’s not even much for material things having only splurged on her father’s open-heart surgery and buying a black Rolls-Royce she gave to her parents on their anniversary.
Further proof of the dedication she has for her work is the many accolades she’s received over the years. She won three Grammy awards in 2019 alone and even scored an Oscar win for Best Original Song.
The Show Continues
Almost a decade after going bankrupt, the star seems to have learned her lesson. Although she continues to perform outstanding shows, Lady Gaga has managed to build a fortune of $320 million. And she’s only bound to grow her wealth even more as she announces an extension of her lucrative Las Vegas residencies until the spring of 2020.
Each performance reportedly earned the musician $725,000 a night. Not to mention, she’s gearing to release her new album ‘Chromatica’ soon. The upcoming album’s lead single ‘Stupid Love’ has already been released and debuted at the top fifth spot on the Billboard 200 chart.
More in Entertainment
Demi Moore and Bruce Willis Are Social Distancing Together with Kids — Is It a Bad Idea to Spend Time with an Ex?
The current Covid-19 pandemic has brought so much sadness to our communities with a harrowing number of infected as scientists have yet to find a cure. However,...February 23, 2021
Is Olivia Jade Staging a Comeback amid Mom Lori Loughlin’s Sentencing for Bribery Scandal?
Celebrity kids often deal with unwanted scrutiny from the public because of their famous parents. Olivia Jade, a social media influencer...February 14, 2021
Meet Emma Grede, Khloe Kardashian’s Business Partner and Woman Behind This Amazing Brand
The Kardashians are great businesswomen, no doubt. Over the years, they’ve built themselves an empire of companies that seem to be...February 5, 2021
India’s Billionaires are Thriving Despite the Pandemic but One Group is Outpacing the Other
According to Wealth-X, the combined wealth of the world’s billionaires is increasing year after year. Like their American counterparts, India’s billionaires...January 4, 2021
These Celebrities Made, Lost and Earned Their Fortunes Back Again in these Amazing Redemption Arcs
Celebrities often appear to live a charmed life on the outside. They get to wear designer clothes to attend the most...December 31, 2020
Stand Out from the Competition and Highlight this Important Skill Set in Your Resume
More than technical skills, your resume should also highlight your transferable skills. Also known as soft skills, this set of skills...December 27, 2020
Oprah Winfrey Once Received a Shockingly Low Salary for a Steven Spielberg Film
Oprah Winfrey is a highly successful talk show host. But apart from this, many do not know that she is also...October 20, 2020
Tiger King Joe Exotic Won’t Let Prison Stop Him From Getting Justice… and Millions off Dollars
As Americans were gearing up to spend more of their time inside their homes due to the coronavirus pandemic, Netflix released...April 18, 2020
YouTuber Emma Chamberlain Can Already Afford This Multimillion Purchase and She’s Only 18
Internet celebrities like YouTube stars and social media influencers are sometimes looked down upon. For some, this segment of entertainers and...April 18, 2020