Shakira, the global sensation with hips that don’t lie, has not only conquered the music industry but also amassed a fortune that mirrors her immense talent. From her breakthrough with “Hips Don’t Lie” to becoming the first artist to surpass 100 million followers on Facebook, Shakira’s impact is unparalleled.
In this article, we delve into the financial realm of this Colombian singer, songwriter, and philanthropist, exploring Shakira’s net worth. Join us as we unravel the financial success that accompanies her chart-topping hits, iconic performances, and ventures beyond the stage that have solidified her as a true entertainment powerhouse.
Shakira Net worth
As reported by Forbes magazine, Shakira has amassed a fortune of over $400 million (USD) over the years, which includes a number of opulent residences situated in different regions of the globe.
Consider the two residences in Barcelona that she and Gerard Pique shared. Furthermore, she acquired a residence in Nassau, the capital city of the Bahamas, for $1.1 million (USD), as well as an opulent mansion in Miami, Florida, for $12.7 million (USD).
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Shakira Earned the Following Amount for Her Compositions About Pique
A number of messages to Gerard Pique appear on her recent triple-track singles (‘Te Felicito,’ ‘Monotonía,’ and ‘Session 53’). These tracks have also generated a considerable amount of revenue for the artist, who was criticized at the time for exploiting her marital status for financial gain.
As the revenue from each play increases, Forbes magazine reports that the song featuring Bizarrap has earned her just over $353,000 (USD) on YouTube and $2,621,000 (USD) on Spotify, with figures continuing to rise.
The April 2022 release of her collaboration with Rauw Alejandro, “Te Felicito,” grossed in excess of $13.6 million (USD). Together with Ozuna, ‘Monotona’ grossed over $4.9 million (USD). The Colombian artist has earned in excess of $21 million (USD) from these three songs of sorrow and spite, as reported by the renowned publication.
Early Beginnings
Born Shakira Isabel Mebarak Ripoll on February 2, 1977, in Barranquilla, Colombia, the young prodigy displayed a penchant for music at an early age. Shakira’s foray into the music world began with her debut album “Magia” at the tender age of 13, showcasing a talent that transcended her years. Her breakthrough, however, came in the 1990s with albums like “Pies Descalzos” and “Dónde Están los Ladrones?” that not only dominated the Latin charts but also laid the foundation for her international success.
Tax Fraud Charges
The Paradise Papers identified Shakira in November 2017 as the sole shareholder of a company that was in the process of transferring music rights valued at $30 million. The Spanish government initiated an investigation into her finances in 2018. Prosecutors ultimately contended that Shakira, notwithstanding her claim of legal residency in the Bahamas, resided in Spain for a duration exceeding six months from 2012 to 2014.
She refrained from remitting taxes to Spain throughout that period. Regarding those years, she was accused of owing $13.9 million in taxes. Shakira asserted that she has repaid the entire amount including interest of $2.8 million.
Shakira was charged by Spanish prosecutors in September 2023 with non-payment of $7.1 million in taxes on her income from 2018. This was a levy in addition to the tax charges for 2012-2014.
Ahead of her trial, on November 20, 2023, Shakira reached a settlement with Spanish tax authorities. She responded “yes” in the settlement to affirm her admission of six accusations of non-payment of approximately $16 million in taxes owed to the Spanish government for the tax years 2012 to 2014. By virtue of the parameters of the settlement, Shakira was spared incarceration. She shall be sentenced to a suspended term of three years and obligated to remit a fine of $8 million. From a legal standpoint, she was formally convicted of engaging in tax evasion.
Real Estate
Shakira listed her minimalist mansion in Miami for $11.6 million in 2018. The Miami North Bay Road property measuring 20,726 square feet features an expansive water view and provides direct access to Biscayne Bay for over 100 feet. The residence spans 8,708 square feet and features six bedrooms in addition to seven and a half restrooms. Michael Bay, Ricky Martin, Jennifer Lopez, and Alex Rodriguez are all neighbors.
Following their divorce from Piqué in 2022, the couple listed their Barcelona property for $16 million, and Shakira made the decision to return to Miami with her two sons, Milan and Sasha. According to reports, she is contemplating the purchase of a new megamansion for more than $50 million while renting a $15 million waterfront residence. Additionally, she owns a home in the Bahamas.
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Personal Life
From 2000 to 2011, Shakira was in a relationship with Argentinian attorney Antonio de la Rua for eleven years. According to her statement in a 2009 interview, their relationship resembled that of a married couple; “They don’t need papers for that.” De la Rua continued to supervise Sharkira’s professional and commercial endeavors after the couple separated. He filed a lawsuit against Shakira in the autumn of 2012, alleging a debt of $100 million that had accrued since their business partnership was terminated in October 2011. In August 2013, a judge of the Los Angeles County Superior Court dismissed his lawsuit.
Shakira began dating Spanish footballer Gerard Piqué in 2011. The Spanish national team and FC Barcelona are both his alma mater. Shakira is ten years older than he is. When he appeared in the music video for her song “Waka Waka (This Time for Africa),” the official song of the 2010 FIFA World Cup, they became acquainted in the spring of 2010. Sasha, who was born on January 29, 2015, and Milan, who was born on January 22, 2013, are the sons of Shakira and Gerard. Regrettably, in June 2022, Gerard and Shakira declared their separation.
As an expression of appreciation, her father took her to a local park when she was a child to observe the orphans who resided there. She reflected on the images and resolved herself to assist the children when she achieved fame as an artist. Shakira is the founder of the Pies Descalzos Foundation, an organization that generates funds for Colombian impoverished children.
Shakira completed a course in ancient philosophy as a leisure at the University of Pennsylvania in 2020.
Summary
In the rhythmic world of Shakira, where hips don’t lie and music speaks a universal language, the Colombian sensation has not only conquered hearts but amassed a fortune as extraordinary as her talent. From chart-topping hits like “Hips Don’t Lie” to milestones like being the first artist with 100 million Facebook followers, Shakira’s impact is unmatched. In this exploration, we’ve navigated the financial waters of this global icon, unveiling a net worth of over $400 million, luxurious residences worldwide, and the complex legal journey surrounding her tax issues. Join us in celebrating the multifaceted success of Shakira, a true entertainment powerhouse.