Sunday, October 1, 2023

In addition to music, where does Shakira’s financial income come from and what does she invest it in?

Shakira Isabel Mebarak Ripoll, known worldwide as Shakira, has captured the hearts of millions of people through her music and charisma. But his success goes far beyond his acclaimed albums and songs.

Shakira shares with children who benefit from the Pies Descalzos Foundation. Photo: courtesy of the Pies Descalzos Foundation

With a fortune that exceeds 300 million dollars says the specialist portal Celebrity Net Worth The Colombian artist has proven herself to be a true, versatile businesswoman.

Next we will examine the different sources income which contributed to his impressive result wealth.

1. Album sales and music streaming

Shakira has more than sold 125 million copies According to Sony Music, he has released various albums throughout his career.

With the advent of the digital age in music, their revenues diversified into platforms such as YouTube, Spotify, Amazon Music, Apple Music and Tidal.

For every million views on these platforms, the artist can earn $690 to $12,840, depending on the platform.

Some of his most popular songs, such as “Acróstico,” “Copa Vacía,” “Sesion #53,” “TQG,” and “Monotonía,” have contributed significantly to his net worth, which has collectively amassed more than 2 billion streams.

And some of these songs were created by the singer-songwriter following her split from former Barcelona player Gerard Piqué, a situation that many of her fans can identify with.

Likewise, in 2021, the successful artist sold the rights to 145 of her songs to the company Hipgnosis Songs Fund, which represents new income for her coffers.

2. Perfume industry

In 2009, Shakira He ventured into the perfumery industry by launching his own fragrance brand, starting with the brand “Muleto“and then expand with perfumes under his own name and brands”S,” “Dance“y”Dream.”

Their scents have proven to be a success, generating around 100,000 people 7% of your net worth which is roughly equivalent 21 million dollars.

Furthermore, this one Scents They are affordable for many as their price ranges between $20 and $22 per unit.

3. Business investments

The business versatility of Shakira has also manifested itself through strategic investments and his proximity to children and young people is not excluded from his assets.

In 2015, the artist partnered with the toy brand Fisher Price to develop a toy line for children ages 0 to 5 known as the “First Steps” collection.

In 2020, Shakira was impressed with the healthy snack company’s products SkinnyDipped and decided to make one undisclosed investment to support the company in its expansion.

His idea came about to have a closeness with that Generation Z (born between 1995 and 2010), especially in the search to provide them with healthy products.

Furthermore, the artist ventured into the real estate business with a mansion in Miami worth $1.5 million 10 million dollars. He also invested in Bonds Cay Island in the Bahamas in 2006, along with other well-known musicians, to develop an avant-garde and sustainable tourism project, which is currently for sale.

4. Entrepreneurship with environmental awareness

Shakira demonstrates its commitment to environmental responsibility by investing in companies that promote sustainable practices.

In 2021 he took a stake in the brand underwear Parade underwear as part of a campaign to reduce the carbon footprint.

This practice includes selling the packaging of its products. underwear for CO2 reduction in the world.

Shakira and her philanthropic sideA

In addition to his successes in the business world, Shakira He has proven to be a generous person as he gives back a portion of what he receives from the public to those most in need.

So the artist spends around 40 million dollars on various philanthropic works.

By the Barefoot Feet Foundation Founded in 1997, the artist “January Day” is dedicated to helping poor children and victims of the Colombian conflict.

The artist created six schools in Colombia in favor of a 6,000 children and 32,000 people in non-formal education programs. His commitment to social change is an integral part of his legacy.

Therefore, loudly The Republic World Shakira Day was established on September 29th in recognition of her artistic career and her commitment to people and nature.

Shakira has diversified her income throughout her career, not only as a successful singer and songwriter, but also as an astute businesswoman and advocate for humanitarian causes.

Her fortune is the result of a combination of talent, wise investments and social commitment, making her an inspiring role model for many people around the world.

Nation World News Desk
Nation World News Desk
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