Lady Gaga Went Bankrupt Before She Grew Her Fortune To $150M — She Still Doesn't 'Care About The Money'

Zinger Key Points
  • Lady Gaga was $3 million in debt following her "Monster Ball" tour from 2009 to 2011.
  • "I put everything in the show, and I actually went bankrupt," she says.

Stefani Germanotta, better known as Lady Gaga, has amassed a net worth of $150 million, per Forbes, but her journey to riches was a far cry from a straight shot. A little more than a decade ago, the 13-time Grammy winner racked up millions in debt and filed for bankruptcy

That's 'Money Honey': According to a CNBC report, Lady Gaga was $3 million in debt following her "Monster Ball" tour, which lasted from 2009 to 2011, and she didn't even realize it. 

"I put everything in the show, and I actually went bankrupt," she told the Financial Times in a 2011 interview

"I remember I called everybody and said, 'Why is every­one saying I have no money? This is ridiculous, I have five number one singles' – and they said, 'Well, you’re $3M in debt.'"

The singer had no idea, she said. She didn't spend large amounts of money on much, but she was constantly tinkering with her performance setups, revising the way she wanted things to look and she paid for most of it out of pocket. This helped make Monster Ball one of the least profitable tours of all time. 

Check This Out: Here's A Mind-Blowing Google Assistant Trick To Identify Songs Without Saying A Word

You wouldn't think that a 13-time Grammy winner who has sold millions of dollars in albums, performed at the Super Bowl and even helped to create the hit movie "A Star Is Born" would have ever been underwater, but she was at one time. 

However, it didn't last long. The same tinkering of her sets that sparked the bankruptcy was also reflected in her performance and songs. FT reported that the "sheer quality" of her work helped drive her popularity and get things moving in the right direction financially, but she didn't care.

"It’s honestly true that money means nothing to me," Lady Gaga said. 

See Also: Trump Beats Miley Cyrus, Lady Gaga To Top Of Billboard With 'Justice For All'

She bought her parents a Rolls Royce RYCEY and paid for a heart valve operation for her dad, but beyond that, she "put everything in the show," she said. 

In addition to the Grammy Awards, Lady Gaga received an Academy Award for her work in "A Star Is Born," and during the COVID-19 pandemic, she helped organize a virtual concert that raised $130 million in relief funds. 

"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," she said. 

From Last Month: Donald Trump Comes In Like A Wrecking Ball, Knocks Miley Cyrus From Top Of Chart

Photo: Shutterstock

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EntertainmentNewsPenny StocksSuccess StoriesGeneralBenzinga InspireCNBCFinancial TimesLady Gaga
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!