Lady Gaga Didn’t Realise She Was Bankrupt And £2.3 Million In Debt After World Tour
Lady Gaga didn’t realise that she was bankrupt and £2.3 million in debt after her Monster Ball tour.
Lady Gaga, whose real name is Stefani Joanne Angelina Germanotta, is known for her musical versatility and is known for tracks such as ‘Bad Romance’, ‘Poker Face’ and ‘Applause’.
It’s estimated that the ‘Shallow’ singer has sold a staggering 170 million records throughout her career.
Celebrity Net Worth estimates that Lady Gaga is worth more than $320 million.
Despite this, the 37-year-old has not always been the most financially stable celebrity.
Find out why Lady Gaga has left her fans ‘traumatised’ in the clip below…
The A Star is Born actress has revealed that during her Monster Ball tour, she actually ran out of money.
Although she was regularly selling out stadiums, the pop star was racking up an eye-watering amount of debt.
In an interview with The Financial Times, Lady Gaga confesses: “I actually went bankrupt after the first extension of The Monster Ball.
“And it was funny because I didn’t know!”
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The ‘Born This Way’ singer says that she found out from her team afterwards.
“I remember I called everybody and said, ‘Why is everyone saying I have no money? This is ridiculous, I have five No. 1 singles’,” she recalls.
“And they said, ‘Well, you’re $3 million in debt.”
Lady Gaga goes on to say that she would still pursue a career in the music industry – even if she was penniless.
She explains that she’s ‘not obsessed with material things’ and doesn’t ‘care about the money’.
Lady Gaga reportedly saw her luck change for the better when her tour was staged at bigger venues.
She tells FT that she managed to fix the debt through the ‘sheer quality and popularity’ of her music.
The tour ended up taking in an estimated £138 million and was seen by 2.5 million people around the world, reports Capital FM.
Lady Gaga hasn’t just made her sheer fortune through her music, as she’s also added to her net worth by delving into acting.
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According to Forbes, the ‘Telephone’ singer made an estimated $5 to $10 million for her big screen breakthrough in A Star Is Born.
She also played The Countess in American Horror Story: Hotel for 12 episodes – for which she earned a Golden Globe.
Lady Gaga was reportedly paid between $50,000 to $150,000 per episode. If the star had been paid $150,000 per episode, she would have taken home a whopping $1.8 million for the season.
Plus, she’s partnered up with Oreos, releasing ‘Chromatic’ themed cookies, which was apparently very successful.
Oreo’s senior director Justin Parnell told Variety: “It’s been incredible and beat our wildest expectations.”
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