Quote:
Originally Posted by
John Eppstein
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To make things clear -
I generally don't believe ANYTHING financial about "celebrities" one way or the other that I read in mass market outlets........ BUT, based on the fact that I have actually known a few, coupled with the fact that I've done some arena level touring and have a good idea what kind of expenses are involved, and know a few people around the industry (including a couple of people who are/were high level artist's managers), I KNOW that the figures you see in publications like Forbes and Billboard for what "Artist X" "makes" are based on gross receipts and do not reflect what really ends up in the artist's bank account.
Because the gross receipt figures make great publicity and it's not very glamorous to admit that your top pop idol didn't quite break even on his/her most recent blockbuster tour.
And actually it's pretty obvious to anyone who isn't mathematically challenged and knows anything about the number of people who work a modern pop tour and who bothers to take a pencil and paper and sit down to do the math.
I could speculate as to what I guess the truth is in this case but I have no direct knowledge, so why bother? My gut feeling is that the reality is somewhere between the two extremes.
+1.
The thing I find so funny is these sites don't take liabilities into account. Sure, so and so might have made $5m off of his tour last year but how do we know he doesn't have a $5k a day coke and hooker habit, or a bunch of investment property that's underwater?
Even Forbes has a hard time verifying NW with regard to people who have very public holdings (stocks, stock options, salaries, etc), so how the hell would some mullet wrapper like Celebrity Net Worth know anything about Rhianna's financial situation?