According to the Daily Mail, Lady Gaga went bankrupt after spending millions on costumes for her Monster’s Ball tour. Gaga went almost $3 million in debt during the 18 month 200 show tour. The surprising part was she had no idea. Because celebrities are idiots who don’t know how to manage money.

‘Other than that 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 didn’t know!
‘And I remember I called everybody and said, “Why is everyone saying I have no money? This is ridiculous, I have five No. 1 singles” — and they said, “Well, you’re $3m in debt.” ‘

The tour eventually brought in $226 million though which made me real sad.

Lady Gaga said the main reason she didn’t know was because money isn’t that important to her.

Talking to the Financial Times, she says, “The only big things I’ve purchased are my dad’s heart valve and a Rolls-Royce for my parents, for their anniversary.” ‘And that was only because my dad had a Lady Gagalicense 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 bet she's full of shit.

She mentioned it in a radio interview the other day.

http://kiddnation.com/spe...-gaga.html

Dear Stefani Germanotta AKA Lady Gaga,

I see you have NOT learn anything from the story of TLC.

Regards,

Anthony AKA TonyVanDam

I would happily manage her money for a 1% fee, and guarantee that she never runs out of money again.

enuf is enuf with this haggard ho

yes she is super fine

in the body - i mean please - but damn - she feels the backlash coming on strong even though her $1 album sold a million copies. whatever. cry about how it sounds like express yourself. cry about being unpopular in high school. now you're broke. boo hoo. gotta keep yourself in the paper some way...oh yeah, you lived in a cockroach infested apartment too and did a lot of coke and you were teased in high school...or something. and the bitch is broke...i just can't with her...anymore

'so happy i could die' still rules tho

wow, over the phone she sounds like mariah

all these stars going broke

im just very surprised at this one.

badujunkie said:

enuf is enuf with this haggard ho

yes she is super fine

in the body - i mean please - but damn - she feels the backlash coming on strong even though her $1 album sold a million copies. whatever. cry about how it sounds like express yourself. cry about being unpopular in high school. now you're broke. boo hoo. gotta keep yourself in the paper some way...oh yeah, you lived in a cockroach infested apartment too and did a lot of coke and you were teased in high school...or something. and the bitch is broke...i just can't with her...anymore

'so happy i could die' still rules tho

lol?

It's just the same old record industry bullshit. The record company has a 360 deal, spends truckloads of money be spent to promote the album, dumps all the cost on the artist, and then keeps most of the income. The sad part is that everybody who's grown up in the last three decades has seen this happen to one musician after another—this the plot more than one Behind the Music—and they still keep signing these shitty contracts in hopes of cashing in while they're young.

With all due respect. Like I'm supposed to care?

she went broke?

and she's "competing" with Madonna's legacy on every level except business smarts amrite?

Sticky & Sweet: $407,713,266 - gross.

Wonder how much M made from it?

Considering her shows as related to the ticket prices. I can believe it.

Wouldn't this have made the news though? Bankruptcy filings are available for free to the public.

jpnyc said:

It's just the same old record industry bullshit. The record company has a 360 deal, spends truckloads of money be spent to promote the album, dumps all the cost on the artist, and then keeps most of the income. The sad part is that everybody who's grown up in the last three decades has seen this happen to one musician after another—this the plot more than one Behind the Music—and they still keep signing these shitty contracts in hopes of cashing in while they're young.

The record company is, ans was always just a bank. They front the money then expect a return with percentage. Her 5 number ones in 2010, I will bet generated less money than a single number one in 1985.

Who gives a rat's ass?!

Boo-hoo for her.

MidniteMagnet said:

Wouldn't this have made the news though? Bankruptcy filings are available for free to the public.

I heard they were on the brink of filing when Live Nation swooped in and saved them.

Guess no one is going to compare her to M when it comes to business. That talentless whore knows how to make a coin.