Madonna net worth: Madonna is an influential and best-selling recording musical artist who has a net worth of $700 million. Madonna, whose birth name is Madonna Louise Ciccone, has sold over 250 million records worldwide to date. Born in Bay City, Michigan on August 16, 1958, she eventually moved with her family to Rochester Hills, Michigan. Madonna moved to New York in 1977 to pursue a career in modern dance. While there, she began a career as a professional singer and recorded her first hit album "Madonna", in 1983.
She would eventually go on to release a total of 12 major studio albums that contained dozens of hit singles. Her early albums helped catapult Madonna to worldwide fame. Her image and style became a hallmark of the 1980s and helped Madonna land her first acting role in the 1985 movie Desperately Seeking Susan. Madonna has frequently operated on the edges, pushing sexual boundaries in her recordings and public performances. She even released a coffee table book that was actually called Sex. The Recording Industry Association of America has ranked Madonna as the Best-Selling Female Rock Artists of the 20th century. She is also the Number Two best-selling female artist in the U.S. with 64 million certified albums sold. Guinness World Records has labeled her the most successful female artist of all time.
Madonna is NOT a Billionaire
Contrary to some popular opinion, Madonna is not a billionaire. Back in March 2013, a little-known Madonna fan blog misinterpreted the fact that her MDNA tour grossed $300 million to mean that Madonna herself was $300 million richer and therefore a billionaire. First off, even if Madonna did somehow make $300 million, after taxes, she would only be worth $950 million which is not quite a billionaire. But more importantly, the claim that $300 million in gross concert revenue equates to a net $300 million increase in her personal wealth is grossly misinformed. That $300 million number is gross revenue, which means before costs are taken out. Madonna is lucky to take home 10-20% of her tour's profits after all expenses are removed. That would still be a very nice income, but nowhere near $300 million. Unfortunately, many reputable media outlets helped spread this false rumor by snowballing the story as fact across hundreds of websites, magazines and newspapers. The rumor has since been debunked by virtually every reputable wealth tracking media outlet including Forbes, CelebrityNetWorth, Bloomberg and more.