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Lady Gaga Went Bankrupt Last Year…Without Even Knowing It

Lady Gaga Went Bankrupt Last Year…Without Even Knowing It

Lady Gaga‘s last tour, The Monster Ball, is touted as one of the most successful promotional tours the world has ever seen. And anyone who has seen her perform, whether you were lucky enough to catch her live or you were one of the millions who tuned into her HBO special, knows that Gaga puts on an extraordinary show. In fact, the first leg of The Monster Ball was so successful that she decided to extend the length of the tour so that all of her Little Monsters had a chance to come see her, a decision that resulted in bankruptcy and $3 million in debt.

Lady Gaga has made it very clear that there is nothing she wouldn’t do for her fans, including paying for every lavish redesign and revision of the tour out of her own pocket. In an interview with The Financial Times‘ Stephen Fry, Gaga admits that she had no idea how bad thing had gotten financially until it was too late:

“I put everything in the show, and I actually went bankrupt after the first extension of The Monster Ball. And it was funny because I didnt know! And I remember I called everybody and said, ‘Why is everyone saying I have no money? This is ridiculous, I have five number one singles’ and they said, ‘Well, youre $3m in debt.'”

Bankruptcy would probably be a big deal for most people, but then again, most people aren’t Lady Gaga. Money quite literally means nothing to her, telling Fry, “The only big things Ive purchased are my dads heart valve and a Rolls-Royce for my parents, for their anniversary. And that was only because my dad had a Lady Gaga licence plate on our old car and it was making me crazy because he was getting followed everywhere, so I bought him a new car.” I would think that it may have been a little easier to just get him a new license plate, but what do I know?

Either way, she has me convinced that she does it all for her fans and for the art, adding:

“The beauty for me about being an artist is that the dream will never die, becauseIm not obsessed with material things and dont care about the money and dont care about the attention of the public, but only the love of my fans, so for me its about how much more devoted, how much better an artist can I become.”

Considering that her latest album Born This Way, debuted at No. 1 with 1,108,000 copies sold in its first week, the largest sales week of any album since 2005, I don’t think Lady Gaga will be seeing financial troubles anytime soon… not that she would know or care.

Check out all of our Lady Gaga coverage here

Lady Gaga Photo: Shamil Tanna, The Financial Times

  • Fabianna

    I love her!

  • tia

    He/she/it had to sell the latest album at Amazon for 99 cents to get it to sell over a million copies. No wonder the freak went bankrupt and didn’t realize it…but I’m sure the people that it owes money too will notice.

  • dale

    “i’m sure the people that IT owes money too will notice”

    first, it’s “to” not “too” in your sentence, and secondly, she is not an it, and you are a BIGOT and an affront to Christ’s call to love others as you love yourself. Shame is on you for that. grow up, please. It doesn’t matter if you love a man or woman, or H-I-M, we are born this way, baby. There’s no shame in what God created.

  • maura

    “IT” NEEDS TO VANISH. IT IS AN IDIOT. IT IS UGLY. IT IS A WANNABE. IT IS A MORAN

  • Diana

    @Maura, you’re the MORON, you spelled ‘MORON’ wrong, if you can’t even insult properly, please be quiet you bigot…

  • Lost

    What is that on her head? At first glance, I thought it was a boot, but then I noticed that the “horns” are protruding from both sides like a goat or viking-ish helmet. There are better ways to grab attention.

  • david Crandall

    Yeah 3 million in debt but she made 90 million last year and could make wild amounts of money with anything she touches. I am sure she will always have food and shelter.

  • mike

    Easy come, easy go. This chick personifies the current state of affairs in this country. She’s probably got, oh, 8 minutes left in here career, and she’s BROKE? Wow. Stupidity is a funny thing to watch.

  • glenda

    I was shocked ######## when she showed up in skits on SNL. Then she did two numbers. I thought the whole thing was great. She’s scheduled to make over a hundred million dollars this year. 3 million is nothing to her.

  • TR

    My wife and I saw her in concert and left early. We thought her show was more like a ### rights tour. Not that there is anything wrong with that, but not what we paid $400.00 for. Even ### friends of ours said the show was too ###.

  • alumette

    Unbelievable that such a commodity would run out of money. I smell mishandling of her accounts and unethical accountants and managers. The woman was a huge hit. She should be a billionaire. Un-be-lie-va-ble !!!

  • sheila

    Doesn’t care about the attention of the public? Get real. She showed up at an award show in an egg and then hatched. That’s someone who is begging for attention.

  • CaptainObvious

    People: those are Luciferian horns. Teacup? Think about the Rolling Stones’ song “Sympathy For The Devil”. And also the line containing “tea and sympathy” from “Let It Bleed”, another Stones song. She has a Satanic theme going strong in all her official photos and songs. What, you never noticed? *oh come on now*

  • EarlGrayHot

    What an appallingly awful and bizare “artist.” Full of nonsense and unworthy of all the attention she gets.

  • Spike

    Oh hey look, a bunch of old people complaining about pop music! I’ve never seen that before!

  • Hagrid

    The luciferian imagery is necessary for anyone who has gone down to the cross roads. Trust me she had to sell her soul to get to her current place in the biz.

  • dogfart

    Pathetic. Little monsters? Awesome. It’s a sad commentary on both society and the state of the music business today. Any no talent that can carry a tune can become a STAR. Tell me it’s not true and I’ll list at least 20 top artists today that don’t hold a candle to the real quality artists of yesterday. And the same goes for the movie industry. All you have to have is looks and the ability to repeat lines and WHAM, you’re in the biz. And the more controversial the better. We don’t control these industries anymore, the consumers of this version of entertainment, the media shoves it right up our… throats. The media… a self serving industry. Lady Gaga is the modern day Grace Jones, Alice Cooper & Madonna wrapped into one. Haters gonna hate, but I’m just keeping it real.

  • PhilG

    I think GaGa has it going on right now.

    I’m very happy for her and love how she loves her family.

    She does need to take her security way more seriously though.

    She’s disclosed alot of her personal information and her personal habits while not on the road-at home where anyone can read them.

    And the same people that threw her in the trashcan years ago still probably want to give her another lesson.

    It only takes one sicko using her great fans for cover to make her life into a tragedy and they’ll make sure she won’t see them coming.

    Let’s not let that happen.

    I want to see Gaga ####### off people for years to come.

    Please Lady,remember,sicko’s will hurt the people you love to hurt you.

    Stay Strong,Take Care and Be Safe.

  • Lindi

    I love Lady Gaga, always have . . always will & I think there really is something wrong if she’s gone bankrupt. I smell some type of management corruption & as for the Satanic claims, Lady Gaga was raised in a strict Catholic Italian family. She prays before EVERY show/performance she does. Get your facts right!

  • Anthony

    I guess no one knows how to read. She went bankrupt in 2009 before she started the new leg of her tour. 2009 was when she wasn’t making any money and that’s what she’s referring to. She has enough money now.

  • deb

    what an amazing women!

  • Bane Kaleb

    Yes, she’s eccentric… But people love a good show. Let her do what she wants. It’s not like it really affects those who choose not to listen to her anyway… So could people please stop bickering over the issue? It’s useless.

  • Phil G

    Poor thing, she was born like that.

  • Jeff Lavine

    Wow! How can an entertainer bring out such hostility or adoration. Lady Gaga is a phenomenon who has mastered making herself famous. She can sing, and she has a great presence as a performance artists. I, being old, don’t care for her music, but I respect the marketing savvy that has propelled her to the top of her profession. I don’t know if it is sustainable, but it is cool to sit back and enjoy the show.

  • ccaze

    nice of her not to care about money. She is the one that is ######## over people for $3 million. You can be sure that there are a lot of people on the creditors list that really needed the money. What a horrible person.

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