Madonna Louise Ciccone is an American singer-songwriter, and actress. Referred to as the “Queen of Pop”, Madonna is noted for her continual reinvention and versatility in music production, songwriting, and visual presentation.
Madonna Net Worth
|Net Worth:||$850 Million|
|Date of Birth:||Aug 16, 1958 (64 years old)|
|Height:||5 ft 4 in (1.65 m)|
|Profession:||Film Producer, Actor, Dancer, Film director, Author, Entrepreneur, Singer-songwriter, Composer, Screenwriter, Record producer|
|Nationality:||United States of America|
Madonna was born in Bay City, Michigan on August 16, 1958. Her mother died when she was only five years old, and she and her five siblings were left to her father. After her father remarried, Madonna became out of control and completely transformed into a rebel. She went to St Andrews school, West junior high, and Rochester Adams, high school. After high school, she enrolled in the University of Michigan but dropped out in 1978 to pursue her dreams of having a dancing career.
In October 1996, Madonna gave birth to her daughter with fitness trainer Carlos Leon, although their relationship ended in May 1997. She met director Guy Ritchie in 1998, and gave birth to their son in August 2000. In 2006 Madonna had also adopted her son David from Malawi in 2006. Madonna and Ritchie married in December 2000, eventually divorcing in 2008. Their divorce settlement granted Ritchie between £50-60 million ($66.67-80 million), which included the couple’s London pub and residence, and Wiltshire estate in England. In February 2017, Madonna adopted twin sisters from Malawi.
Madonna owns a collection of various artworks that is worth a minimum of $100 million, and could be worth several times that amount in the right art market. She owns one of only five paintings created by Frida Kahlo in addition to work from artists such as Picasso, Diego Rivera, Damien Hirst and Marilyn Minter.
In addition to her musical career, Madonna has also enjoyed a successful career as an actress, even earning a Golden Globe Award for Best Actress for her role in the 1996 film “Evita.” Other films she has appeared in include “Desperately Seeking Susan” (1985), “Dick Tracy” (1990), and “A League of Their Own” (1992). She produced and wrote the documentary “I Am Because We Are” (2008), and directed the film “Filth and Wisdom” (2008).
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.
Here are some of the best highlights of Madonna’s career:
- American Music Awards, American Music Award for Favorite Pop/Rock Female Artist, (1987)
- MTV Video Music Award, MTV Video Music Award for Viewer’s Choice, (1989)
- Glamour Woman of the Year Award (1990)
- MTV Video Music Award, MTV Video Music Award for Breakthrough Long Form Video, (1991)
- MTV Video Music Award, MTV Video Music Award for Video of the Year, (1998)
- Grammy Awards, Grammy Award for Best Dance Recording, (1999)
- Grammy Awards, Grammy Award for Best Dance/Electronic Album, (2007)
- Billboard Music Awards, Billboard Music Award for Top Dance/Electronic Artist, (2013)
Her first two singles with Sire, “Everybody” (1982) and “Burning Up” (1983) became club hits in the US. Her fame continued to grow with the release of her eponymous debut album in July 1983, as it peaked six months later at number eight on the Billboard 200 chart. Her second album “Like a Virgin” (November 1984) was her first number one album, and the first album by a female to sell over five million copies in the US. She has gone on to release over ten studio albums, including “Like a Prayer” (1989), “Bedtime Stories” (1994), “American Life” (2003), “Hard Candy” (2008), “Rebel Heart” (2015) and “Madame X” (2019), to name a few. Having sold more than 300 million records worldwide, Madonna was inducted into the Rock and Roll Hall of Fame in 2008, in her first year of eligibility.