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Tuesday 17 July 2012

Young, rich and famous


Female singers dominated the top of Forbes' list of the highest-paid celebrities under the age of 30, starting with country pop sensation Taylor Swift.
The business magazine said the 22-year-old Swift earned $US57 million ($56.43 million) in the 12 months to May, a period that included the North American and Australasian legs of her 111-concert Speak Now tour.
Forbes said each Swift concert raked in an average of $US1 million, with multi-platinum album sales and product endorsements topping up her wealth. She is expected to release a new album in October.
Teen idol Justin Bieber, 18, who is about to land in Australia for a promotional tour, and the only male in the top five, placed second at $US55 million, followed by Rihanna ($US53 million), Lady Gaga ($US52 million) and Katy Perry ($US45 million).
Country pop sensation Taylor Swift and teen singer Justin Bieber were  named the world's richest celebrities under the age of 30.
Last year, Lady Gaga topped the list at $US90 million. Forbes said her slump is likely due to the fact that she did not tour during its May-to-May review period.
"Expect the pop princess to earn more next year," it said.
Forbes said it considered "album and concert sales, movie paydays, profit participation, endorsements and advertising work," and interviewed showbiz insiders such as managers and agents, in coming up with its under-30 list.
It did not deduct agent fees - typically double-digit - or what it called "expenses related to being a celebrity."


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