The fine that Shakira will pay to avoid going to jail is only 0.16% of the $300 million fortune of the singer who admitted in court that she cheated more than 14 million euros in taxes

In an unexpected turn of events, Shakira admitted to a Spanish court that she did not pay taxes between 2012 and 2014, when she lived in that country. The Colombian singer settled with the prosecution to settle the tax debt and, although she has to pay a million fine, she remains one of the richest artists in the world.

“I made a decision for them”: Thinking about her children, Shakira admits that she defrauded the state treasury, the singer reveals in a statement, what is the fine she will pay if she does not go to prison?

The 46-year-old from Barranquilla argued that she was legally resident in the Bahamas and therefore should not have to pay taxes in Spain, but changed her strategy at the last minute and accepted a plea deal with prosecutors to avoid a trial.

The decision was announced this Monday, November 20, 2023, when Shakira appeared in court in Barcelona to ratify the pact with justice. According to El País, the artist must pay a fine of 7.3 million euros, which is equivalent to 7.9 million dollars, and an additional fine of about 432 thousand euros, -about 487 thousand dollars- in order to avoid prison.

How much is Shakira’s wealth in 2023?

How much is Shakira’s wealth? For the Colombian singer, the amounts she has to pay to the Spanish judiciary do not represent a great loss, since her fortune is estimated at 300 million dollars, the Celebrity Net Worth portal reports.

This would mean that the debt to the Spanish treasury is equivalent to 2.63% of his net worth, while the prison sentence is only 0.16% of his wealth.

Shakira’s net worth, according to Forbes

According to Forbes magazine, referred to by Marca, the “Boss” interpreter managed to accumulate a fortune of more than 400 million dollars, which included her in the list of the most influential celebrities.

He also owns several properties in different countries, among which an estate in Uruguay, villas in Barcelona, ​​Miami and a residence in the Bahamas stand out, according to the real estate portal Love Property.

From her ex Antonio de la Rúa to Maná: Shakira’s trial will have 117 witnesses from different professions, including her Zumba teachers, drivers and even gynecologists

Shakira doesn’t stop making money thanks to this year’s successful music releases that took the first places on the playlists.

In addition, he has other businesses such as his foundation “Pies Descalzos” that supports the education of boys and girls in Colombia, contracts and collaborations with commercial brands that he spreads on his social networks and new projects focused on his music.

At the last Latin Grammy award ceremony, the singer hinted that she will soon do a concert tour where she will certainly more than pay back what she will pay in the form of fines.

Shakira preferred to put the legal conflict behind her and prioritize her well-being and the well-being of her children.

“I have to choose my battles, and now the most important thing for me is to do everything so that my children live a full life and focus on what is really important: watching them grow and spending time with them,” he stated in the document. issued by his team of lawyers. (AND)