katy perry net worth is nearly $340 million.
Pop sensation Katy Perry reportedly paid $225 million to Carlyle-backed Litmus Music on Monday for the music rights to her song. Her projected net worth rises to $340 million following the transaction, positioning her as one of the wealthiest self-made women in the United States.
According to Billboard and Variety, Perry sold her shares in master recordings royalties and publishing rights for the five albums she put out between 2008 and 2020: Witness, Smile, Teenage Dream, One of the Boys, PRISM, and Witness. With $500 million from the Carlyle Group, music industry veterans Hank Forsyth and Dan McCarroll formed Litmus in August 2022. Since then, the company hasn’t wasted any time acquiring music licenses.
Country music icon Keith Urban’s repertoire was acquired by Litmus in August, while music producer Benny Bianco sold Litmus the rights to his hits in June. These hits included songs by Rihanna, Justin Bieber, and Camila Cabello.
katy perry source of Income
This deal is among the greatest 2023 music sales. Rapper Dr. Dre allegedly made more than $200 million in January by selling some of the royalties from his solo albums, his collaborations with NWA, and other music-related ventures. That same month, Justin Bieber sold his master recording royalties and publication rights for a sum comparable to this.
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Perry, 38, was not included in Forbes’ June 2023 list of the Richest Self Made Women in America, but she will undoubtedly be considered for the list the following year. Based on her earnings from touring, recording, and her position as an American Idol judge, Forbes had placed her net worth at less than $200 million at the time. ($225 million was the minimum required to get on the 2023 list).
She would now be in the same class as other affluent female musicians like Rihanna, Taylor Swift, Madonna, Beyoncé, Celine Dion, Dolly Parton, and Barbra Streisand thanks to her increasing net worth.
Perry’s representatives did not reply to a request for comment from Forbes.
2008 saw Perry make her musical debut with the song “I Kissed A Girl.” The song spent seven weeks at the top of the Billboard Hot 100. In the end, eight more Perry hits—including “California Gurls,” “E.T.”, and “Firework”—would also peak at number one. She was listed as the third-highest-earning performer in Forbes’ 2015 cover story. Her pre-tax income of $135 million exceeded the combined earnings of Miley Cyrus, Rihanna, and Taylor Swift. She took part in the Super Bowl Halftime Show that same year.
With an estimated $530 million in revenue, Forbes ranked Perry as the ninth-highest-earning musician of the past ten years in 2019.
The majority of Perry’s net worth comes from her touring and recording industry revenues. 2018 saw Perry become a judge on the ABC iteration of American Idol. In 2024, she is scheduled to return for her seventh season on the competition series, where her earnings are projected to be $25 million.
When asked about rumors about her large pay, she remarked, “I’m really proud that as a woman I got paid.” “And you understand why? I was paid a lot more than any other guy who had appeared on that show.
In addition, Perry has been performing 32 shows a month in Las Vegas at Resorts World since 2021; this run will end in November. The singer, who is wed to actor Orlando Bloom, also owns the non-alcoholic beverage company De Soi and the shoe line Katy Perry Collections.
Perry’s discography is being sold, but that doesn’t imply her career as a musician is over. Her last album release was Smile in 2020. She said, “I write all the time,” on Good Morning America. “I have been, but I believe that what matters most to me is celebrating the world that I have to create with all of these amazing songs and being a parent to a three-year-old.
What makes Katy Perry so wealthy?
Katy Perry’s music career, which includes record sales, merchandise, and touring, is the main source of her $400 million net worth. Her work as a judge on “American Idol,” endorsements, and commercial endeavors have also brought in a sizable sum of money for her.
What is Taylor Swift’s net worth?
Taylor Swift is reported to be worth $1 billion (£792 million), and her kitties are also doing fairly well: Swift’s cat, Olivia Benson, named for the Law & Order: SVU character played by Mariska Hargitay, is believed to be worth $97 million (£77 million) by Cats.com.
Was the family of Taylor Swift wealthy?
With her father, Scott Swift, descended from three generations of bank presidents, Taylor Swift comes from a wealthier family than most.
The Gyllenhaal family: is it wealthy?
The Gyllenhals, Jake and Maggie, come from a noble family in Sweden that dates back to the sixteenth century. According to reports, their father, director Stephen Gyllenhaal, is also a multimillionaire.