Madonna first billionaire pop star
US: Singer-songwriter Madonna has become the first billionaire
female pop star. A successful world tour and a string of business deals
last year pushed her net worth past 650 million pounds ($1 billion),
reports thesun.co.uk. The 54-year-old joins an elite club of super-rich
celebrities, including director Steven Spielberg and chat show host
Oprah Winfrey.
Last year was the most successful of her career, as she raked in an
extra 200 million pounds.
Two million people watched her MDNA tour, which was the most
successful of any artist in 2012. She also has a perfume range, clothing
line and health drink.
Born Madonna Louise Ciccone on August 16, 1958 in Bay City, Michigan,
she moved to New York City in 1977 to pursue a career in modern dance
and performed in the music groups Breakfast Club and Emmy. Madonna is
known for continuously reinventing both her music and image, and for
retaining a standard of autonomy within the recording industry.
She attained immense popularity by pushing the boundaries of lyrical
content in mainstream popular music and imagery in her music videos,
which became a fixture on MTV. Critics have praised her diverse musical
productions which have also been known to induce controversy.
Madonna released her self-titled debut album in 1983, and followed it
with a series of successful albums, including the Grammy Award winners
Ray of Light (1998) and Confessions on a Dance Floor (2005).
Many of her songs peaked atop record charts, including “Like a
Virgin”, “Into the Groove”, “Papa Don't Preach”, “Like a Prayer”,
“Vogue”, “Frozen”, “Music”, “Hung Up”, and “4 Minutes”.
Madonna received generally positive reviews for her role in
Desperately Seeking Susan (1985), though her later film appearances
received mixed commentary.
She received critical acclaim and a Golden Globe Award for Best
Actress in Motion Picture Musical or Comedy for Evita (1996), but has
received harsh feedback for other performances. She has been recognized
as an acclaimed businesswoman, involving herself in fashion design,
writing children's books, and film directing and producing.
In 1992, she founded entertainment company Maverick as a joint
venture with Time Warner, which also included the label Maverick
Records.
In 2007, she signed a US $120 million record, touring and
merchandising 360° deal with Live Nation, resulting in her leaving
Warner Bros. Records, her label since 1982.
- DECCAN HERALD |