Could Madonna Be the Next Woman Billionaire?
Pop priestess Madonna is currently in talks to have a residency at Vegas' Caesars Palace, MTV UK is reporting, for a whopping $1 billion! If this deal goes through, through Forbes isn't so sure that it will, Madonna would join Tory Burch, Oprah Winfrey, and J.K Rowling in the female billionaire's club as music's first. Madonna would be signing on to perform nightly showsfor five-years.
Here's where things get sticky, The Sun originally broke the news and the conversion rate the paper used, according to Forbes, is outdated, the actual conversion rate would make the contract worth $770 million. So if Forbes is correct, the Material Girl may have to sell a few more singles or bottles of her perfume before she can officially call herself a billionaire. Meanwhile The New York Post has noted that Madonna's MDNA tour grossed over $305 million last year; $75 Million in merchandising from the tour; and $10 million in TV rights and DVD sales; plus she set to release lingerie for her Material Girl line that grossed $10 million as well as investments in Vita Coco and Smirnoff — all of which could put her over the edge into the billionaire club. We'll have to wait and see how everything unfolds and the numbers add up.