Gaga, whose real name is Stefani Germanotta, first made a splash in the music industry with her 2008 debut album “The Fame.” Since, the New York native has won six Grammys, done five concert tours and performed at the Super Bowl. And, having sold more than 11 million albums, she’s built a sizable fortune in the process.
However CNBC reports that she the Financial Times That “I actually went bankrupt after the first extension of The Monster Ball,”referring to her second worldwide concert tour, which ran from 2009 to 2011. “And it was funny because I didn’t know!
And I remember I called everybody and said, ‘Why is everyone saying I have no money? This is ridiculous, I have five No. 1 singles.’ And they said, ‘Well, you’re $3 million in debt.'”
Gaga was able to get out of the red thanks to “the sheer quality and popularity” of her work, the FT reported. And today, she’s doing well for herself: In 2018, Gaga had already earned $50 million as of July, Forbes reports.
But, as she told the FT, pursuing a career as a pop star has never been about the money: “The beauty for me about being an artist is that the dream will never die, because I’m not obsessed with material things and don’t care about the money and don’t care about the attention of the public, but only the love of my fans, so for me it’s about how much more devoted, how much better an artist can I become.”
In short, she said, “it’s honestly true that money means nothing to me.”