Madonna’s Officially A Billionaire, & Guess What Justin & Jay-Z’s Summer Tour Will Net Each Night

by • March 28, 2013 • Business, Hollywoodland, MusicComments (0)2388

Madonna’s net worth has been hovering around $700 million for a few years now, but thanks to the huge success of her MDNA tour the icon of popular culture is officially the world’s newest billionaire.  The MDNA tour netted Madonna $305 million from the performances, and $85 million merchandise, DVD sales, and television rights.  She also received a massive cheque worth $60 million from sales of her perfume line, could bring in $10 million more this year from her Material Girl clothing line.

Madonna’s earnings this year were topped off by her new gym franchise Hard Candy, as well as her investments in such brands as Vita Coco.  And Forbes is reporting this morning on the massive amount of cash that a summer/fall tour headlined by Justin Timberlake and Jay-Z is expected to rake in: “According to one industry source who asked to remain anonymous, the duo should gross $6 million per night playing huge stadiums like Soldier Field in Chicago and the Rose Bowl in Los Angeles.  Timberlake will get a $1 million guarantee per show, with Jay-Z and promoter splitting the rest after expenses.  That’ll leave him with at least $1.5 million, if not more — perhaps as much as twice Timberlake’s take.  Timberlake hasn’t been on the road in years, which might explain his eagerness to accept a less-than-even split for a co-headlining tour.”

“Along with Live Nation, Jay-Z also appears to be taking on more downside risk, which he can afford more easily than the former NSYNC star.  In addition, Timberlake will certainly use this massive pulpit to promote new album ‘The 20/20 Experience’, which debuted earlier this month with a whopping first-week sales of 968,000 units. That’s far better than his 2006 smash ‘FutureSex/LoveSounds’, which opened at 684,000.  It’s also the third-best sales week by a male artist in the SoundScan era, trailing only albums by Usher and Garth Brooks.”  Jay-Z’s net worth is estimated to be $450 million.

Source: Perez Hilton and Forbes

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