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Tuesday August 27, 2013 MYT 11:55:00 AM
Tuesday August 27, 2013 MYT 12:15:28 PM
Money, come!: Singer Madonna is making big bucks from her world tour MDNA.
Iconic pop singer is the year’s top-earning celebrity, trumping Steven Spielberg and Oprah Winfrey.
She’s still the Material Girl. Pop diva Madonna, who recently turned 55, is the world’s top-earning celebrity, according to a Forbes list. She raked in an estimated US$125mil (Rm400mil) in the past year, mainly from her US$305mil (RM976mil)-grossing MDNA tour, but helped by sales of clothing, fragrance and various investments.
Director Steven Spielberg, who had a big hit last year with Lincoln, was a distant second with earnings of US$100mil (RM302mil) in the year ended June 2013, most of which came from his catalogue of past hits such as E.T. and Jurassic Park, which continue to bring in big bucks.
“Madonna’s success, at age 55, just goes to show the incredible power of a successful music career,” Forbes reporter Dorothy Pomerantz said, noting that 27-year-old pop singer Lady Gaga has often been said to be channeling Madonna’s four-decade-long career.
“The young star is certainly emulating Madonna when it come to raking in money,” Forbes said, with her US$80mil (RM256mil) in earnings largely from the singer’s Born This Way Ball world tour, placing Gaga 10th on the list.
Forbes compiles its annual list of celebrity earnings using input from agents, managers, producers and others to calculate its estimates for each celebrity’s entertainment-related earnings. The figures do not reflect tax deductions, agent fees or “the other expenses of being a celebrity”.
Madonna’s top spot compares with her previous peak of US$110mil (RM352mil) in 2009, but falls short of the US$165mil (RM528mil) taken in by Oprah Winfrey in the previous year, Forbes said.
Talk show queen and media mogul Winfrey took a big pay cut this year according to Forbes, falling to No.13 on the list with earnings of US$77mil (RM246mil). At No.3 with earnings of US$95mil (RM304mil) in the past year was a three-way tie among 50 Shades Of Grey author E.L. James, radio shock jock Howard Stern and music and television producer Simon Cowell.
Others in the top 10 earners included TV host Glenn Beck, director Michael Bay of the Transformers franchise, and thriller novelist James Patterson, who Forbes said was now the best-selling author of all time.
Both Spielberg and Bay also made last year’s top 10, though with significantly larger earnings. The full list of top-earning celebrities can be viewed at www.forbes.com. — Reuters
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