Everyone’s favorite ‘Hips Don’t Lie’ singer, Shakira, is not just a bona fide A-lister and jam wizard; she’s also a multi-multi-multi-millionaire. As of June 2023, Shakira’s net worth is estimated to be a whopping $300 million1. So, how did she accumulate this wealth? Let’s break it down.
Music Sales and Deals
Shakira’s primary source of income, unsurprisingly, is her music. She is one of the top-selling artists in digital single sales and album sales, according to the Recording Industry Association of America (RIAA).
In 2008, Shakira signed a rumored $300 million deal with Live Nation, and she reportedly sold her publishing catalog for a deal worth $100 million in February 2021. Her yearly earnings are nothing short of impressive, with Forbes reporting her earnings of $20 million in 2012 and an even higher figure of $35 million between 2018 and 2019.
Touring has been another significant source of income for Shakira. She has been touring since the ’90s, and some of her tours have grossed massive amounts. The ‘Tour of the Mongoose’ (2002-2003) grossed over $72 million, the ‘Oral Fixation Tour’ (2006-2007) grossed over $100 million, and the ‘El Dorado World Tour’ in 2018 grossed $75 million.
Shakira has also earned money from various endorsements. She has been a spokesperson for Pepsi for a long time, and though the exact figures are not known, this endorsement has undoubtedly contributed to her wealth. Shakira also judged ‘The Voice’ for a reported $12 million and acted in ‘Zootopia,’ which grossed over $1 billion. More recently, she’s been judging ‘Dancing With Myself’.
Shakira’s wealth is not just tied to her music and endorsements; she also has money tied up in real estate. She owns a massive mansion in Miami, which she listed in 2021 for $15.9 million.
Despite her impressive earnings, it’s worth noting that Shakira did not earn any money for her Super Bowl performance with Jennifer Lopez. The NFL does not pay performers but covers expenses and production costs.
In conclusion, Shakira’s staggering net worth is the result of her exceptional talent and hard work in music, touring, and business ventures in real estate and endorsements. She truly embodies the saying “hard work pays off.”
Born Shakira Isabel Mebarak Ripoll on February 2, 1977, in Barranquilla, Colombia, Shakira is a global sensation known for her unique blend of Latin, rock, and Arab music styles. She is not only a talented singer and songwriter but also a skillful dancer, record producer, and philanthropist.
Shakira’s multicultural upbringing, with a Lebanese father and a Colombian mother, heavily influenced her music. As a child, she was fascinated by her father’s typewriter and wrote her first poem at the age of four. By the time she was ten, Shakira had already begun her singing career by performing at local events in her hometown.
In 1990, at the age of 13, Shakira moved to Bogotá, Colombia’s capital, to pursue a career in modeling and music. However, it was music that won her heart. Her debut album, “Magia,” released in 1991 when she was just 14 years old, consisted of a collection of songs she had written since she was 8.
Shakira’s breakthrough in the international market came with her fifth studio album, “Laundry Service,” in 2001. The album, her first primarily in English, became an instant hit and included the chart-topping single “Whenever, Wherever.”
Shakira’s musical style is distinctive and dynamic, characterized by a fusion of various genres. She is known for her powerful voice and agile dancing abilities, especially her trademark belly dancing. She is also recognized for her yodeling skills and the unique vibrato in her singing voice.
Apart from her music career, Shakira is also known for her philanthropic work. In 1997, she established the ‘Pies Descalzos Foundation’ (Barefoot Foundation), focusing on providing education for children in Colombia and other poor countries. Shakira’s humanitarian efforts, particularly in the field of education, have garnered her numerous accolades worldwide.
Shakira’s personal life has also caught the public’s attention. She was in a long-term relationship with Spanish footballer Gerard Piqué, and they have two sons together.
From writing poems on her father’s typewriter to becoming a global music sensation, Shakira’s journey is a testament to her talent, hard work, and passion. Whether it’s through her music or her philanthropic work, Shakira continues to inspire millions around the world.