Featured Image Credit: ladygaga/Instagram/GTCRFOTO/Alamy Stock Photo
Topics: Lady Gaga, Money, TV and Film, Music
Katherine Sidnell
Topics: Lady Gaga, Money, TV and Film, Music
Lady Gaga has revealed she went bankrupt after her iconic Monster Ball tour.
Despite having five number-one singles at the time, the 'Paparazzi' singer said she ‘ran out of money’ and only become aware of this when her team told her.
However, the 37-year-old was able to pull her finances back from the brink with more chart-topping music, acting roles and launching lucrative a make-up line.
In fact, Lady Gaga is now worth an estimated $150 million (£199m), according to Forbes magazine.
The financial publication even listed the Grammy Award winner, whose real name is Stefani Joanne Angelina Germanotta, among the 100 wealthiest self-made women back in 2020.
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While money talks, so does make-up apparently, with the singer’s Haus Labs brand raising around $10 million (£7.9m) in venture funds since it was launched in 2019.
The musician-turned-actor has also gained a financial boost from her recent appearances in blockbusters such as A Star is Born.
It’s thought that she already earned $50 million dollars from January to July 2018, which was in the run-up to her big-screen debut.
While most of us would retire after such a massive payday, Gaga insists that she ‘doesn’t care about the money’ at all.
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Unlike other celebs, the House of Gucci actor may actually be telling the truth as she didn’t realise that she’d gone bankrupt.
It was at the height of her Monster Ball tour and despite regularly selling out stadiums, the singer still managed to amass an eye-watering amount of debt.
“I actually went bankrupt after the first extension of The Monster Ball,” she confessed to The Financial Times, adding: “And it was funny because I didn’t know!”
She revealed she only found out from her team afterwards.
She continued: "I remember I called everybody and said, ‘Why is everyone saying I have no money? This is ridiculous, I have five No. 1 singles.’
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"And they said, ‘Well, you’re $3 million (£2.3 million) in debt."
Although Lady Gaga is now back in the black, the Oscar-winning songwriter said that she would still pursue a career in music even if she was still penniless.
She said: "The beauty for me about being an artist is that the dream will never die, because I’m not obsessed with material things and don’t care about the money and don’t care about the attention of the public, but only the love of my fans."