now she can’t complain about the lack of a fortune, but at the beginning of her activity she almost went bankrupt. What’s more, she was unaware of her dire financial situation for a long time. Because there was little indication that money could be a problem. And it’s so big. How did it happen?
Her songs were international hits and she didn’t even know she was bankrupt
The first breakthrough in Lady Gaga’s career was in 2008, when her debut album “The Fame” was released. Even earlier, as part of her cooperation with the Sony label, she wrote lyrics for songs by artists and stars such as Britney Spears, Fergie, New Kids on the Block and The Pussycat Dolls. Already her first single “Just Dance” reached the top of numerous charts in seventeen different countries. Next were the no less popular songs “Beautiful, Dirty, Rich” and “Poker Face”.
Catchy lyrics, catchy music and a revolutionary bold image made Lady Gaga recognizable and won her listeners’ sympathy. “The Fame” climbed to the second place on the “Billboard 200” list in the USA alone and was covered with seven times platinum. Lady Gaga went on her first tour in 2008 with New Kids on the Block, and at the beginning of the next year she toured with the Pussycat Dolls. Already then it reached Europe and Oceania. The first solo tour “The Fame Ball Tour” started in March 2009 and lasted until September.
Interestingly, the first award that Lady Gaga received was a distinction from the Polish radio Eska – Eska Music Award. Then the wave just got stronger. At her first official MTV Video Music Awards gala, she received three statuettes – for “Poker Face” and special effects and direction of the “Paparazzi” clip. “Poker Face” then won two Grammy Awards (Record of the Year and Best Dance Track of the Year). In September 2010, Lady Gaga was already listed in the “Guinness Book of World Records” as the author of the album that remained for the most weeks on the UK Albums Chart.
In November 2009, Lady Gaga released the mini-album “The Fame Monster”, which included such hits as “Bad Romance” (number one on the charts in 28 countries, including Poland) and recorded with Beyonce “Telephone” . Then there was “Alejandro” and “Dance in the Dark”. Singles by the artist soared in the lists of the greatest musical hits, it is not surprising that the label quickly decided to go on another concert tour.
The Monster Ball Tour began in late November 2009 and ran until May 2011. And now it’s getting interesting – the magazine “Billboard” claims that it was a record-breaking debut tour, because it was supposed to bring 227.4 million in profits. Meanwhile, Lady Gaga in an interview with “The Financial Times” confessed that after the first round of concerts she was bankrupt:
I went bankrupt. It was so funny I didn’t even know about it. I remember calling people up and asking, ‘Why is everyone telling me I don’t have any money? It’s funny, I have five number one singles on the charts. And they said to me, Well, you’re three million dollars in debt.
This was just the beginning of the tour, and the debt was due, among other things, to high production costs. “reported in 2011 that most of this money was spent on the artist’s eccentric and numerous stage costumes – only this was supposed to cost $ 2.5 million. Fortunately, popularity and subsequent hits helped Lady Gaga pay off her debt – reports the Financial Times.
More stadium concerts are planned as part of crisis management. This was a significant change, because the average concert venue, such as a closed arena, can hold about 40,000 people. people. The stadium, in turn, has an average of 70,000 to 80,000 seats. Lady Gaga herself also admitted that money is a secondary issue for her – she cares most about art and loyal fans, for whom she wants to become a better artist.
“The only expensive thing I paid for was artificial heart valves for my dad and a Rolls-Royce for my parents for their wedding anniversary. Plus I spend the rest of my money on concerts,” she explained.
Source: Gazeta
Bruce is a talented author and journalist with a passion for entertainment . He currently works as a writer at the 247 News Agency, where he has established himself as a respected voice in the industry.
