In 2009, Lady Gaga was one of the last performers any one would anticipate being broke. The release of her 2008 album “The Fame” kick-started her career and led to a massively successful tour under the name “Monster’s Ball.”
If anything, one would suspect Gaga would be at the height of her financial success, raking in the early fortunes of the foundation she laid to become a globally-recognized name. Quite the contrary, Lady Gaga insists she was completely broke after finishing her Monster’s Ball tour.
Check out how Lady Gaga’s net worth has recovered since.
During the 2013 documentary “Who the F**ck is Arthur Fogel?”about the man who claims the title of Live Nation, Lady Gaga described pouring all of her earnings to that date into her tour and was only able to recover after teaming up with Fogel.
Described as “the go-to-guy for the biggest acts in the world,” Arthur Fogel is apparently the guy who’s behind the global success of huge names like Lady Gaga, U2, and the Police.
Lady Gaga claims she invested all of the $3,000,000 she had in her bank account on the intricacies of the tour. It wasn’t until she was approached by Fogel and Live Nation before she bounced back, being cut a check for $40,000,000 as soon as she made her first deal with them. She claims the result was a huge change for her and her career.
Clearly, because at the end of the tour, it grossed $227,000,000. Later consequential music endeavors helped her earn a peak of $90,000,000 in 2011 according to Forbes. Although her latest album hasn’t seen as much success and she made much less this past year with $30,000,000 in annual earnings, she has plenty of time to get back up.