Lady Gaga, the queen of pop, is known for her extravagant performances, eclectic fashion sense, and hit songs. With a career spanning over a decade, she has won numerous awards, including Grammys, Academy Awards, and Golden Globes. However, her success is not only limited to her music career but also to her financial decisions. In this article, we will uncover the 5 financial secrets of Lady Gaga, including her spending habits, investments, and net worth.
Live Like a Minimalist
Despite her massive fortune, Lady Gaga lives a very simple lifestyle. She is known for her minimalistic fashion sense and frugal habits. In an interview with Harper’s Bazaar, she revealed that she still uses the same mattress she had since she was 19.
Lady Gaga also avoids lavish spending on materialistic things like cars or expensive jewelry. Instead, she focuses on experiences like traveling and creating memories with her loved ones. Her minimalist lifestyle allows her to save more money for investments and business ventures. She even tweeted that “Why do people look at me like I’m crazy when I use coupons at grocery (stores) or try bargaining at retail (stores). I’m from New York where is the sale rack?”
Make Smart Investments
Lady Gaga is not just a talented musician, but also an astute investor. She has invested in various companies, including Backplane, a startup tech company, which she co-founded. Additionally, she has invested heavily in real estate and owns several properties in California and New York. Her smart investment decisions have helped her amass a significant fortune that keeps growing.
Create Multiple Sources of Income
Lady Gaga’s music career alone has earned her millions of dollars. However, she doesn’t rely only on her music to generate income. She makes money through various revenue streams, such as merchandise sales, endorsements, and acting roles. Lady Gaga has also collaborated with several luxury brands like Versace, Tiffany & Co, and MAC Cosmetics, to create exclusive product lines. These collaborations have been hugely successful and have helped her increase her net worth significantly.
Despite all of these collaborations, Lady Gaga said she wasn’t the biggest fan of doing them. “I don’t like wasting my time just shaking people’s hands and smiling and taking selfies,” she said. “It feels shallow to my existence, I have a lot more to offer than my image…I don’t like being used to make people money. It feels sad when I’m overworked and I feel like I’m a monkey-making machine and my passion and creativity take a back seat.”
Keep Your Personal Life Private
Despite her massive fame, Lady Gaga keeps her personal life very private. She rarely shares details about her relationships, family, or personal life on social media or in interviews. Keeping her personal life private prevents any unwanted attention or scandals that may affect her financial stability.
Give Back to Society
Lady Gaga is not only generous with her time and talent but also with her money. She actively supports several charities, including the Born This Way Foundation, which she co-founded. The foundation focuses on empowering and supporting young people to build a kinder and braver world. Lady Gaga has also donated millions of dollars to various causes, including Hurricane Sandy relief efforts and COVID-19 relief funds. Her philanthropic efforts not only make a difference in society but also reflect positively on her reputation and brand.
Net Worth and Legacy
According to Celebrity Net Worth, Lady Gaga’s net worth is estimated at $320 million as of 2021. Her wealth primarily comes from her music career, concert tours, and investments. Lady Gaga’s album sales alone have generated over $157 million, while her 2017 Super Bowl performance helped her earn an estimated $3 million. Additionally, her collaborations with various luxury brands and investments in startups have helped her amass significant wealth.
Having millions isn’t the only thing in the world for Lady Gaga. “Money has been put on a pedestal,” she said. “I have traveled the world and seen the happiest people in the poorest parts of the world. Their values are intact. In the richest homes, I meet the saddest and most depressed people…Kindness is what will create harmony, not celebrity and not fame.”