Colombian singer and composer Isabel Mebarak Ripoll, better known simply as Shakira, was born on February 2, 1977. She is a Colombian native and Barranquilla native who has been hailed as the “Queen of Latin Music” for her many musical talents.
At the tender age of 13, she made her recording debut for Sony Music Colombia. Her first two albums, Magia (1991) and Peligro (1993), were commercial flops, but her subsequent albums, Pies Descalzos (1995) and Dónde Están los Ladrones? (1998), brought her to notoriety in Hispanic countries.
Shakira Net Worth
The pop artist from Colombia, Shakira, has a $300 million fortune. Shakira is a singer, songwriter, producer, belly dancer and philanthropist. She is one of the most successful female vocalists of all time, with over 125 million albums and singles sold globally as of this writing. After Gloria Estefan, she is the most successful Latina singer of all time. She has more albums sold than any other Colombian artist.
Shakira has received a variety of accolades for her work, including a star on the Hollywood Walk of Fame and multiple Grammy, Latin Grammy, MTV Video Music, and Billboard Music Awards. She was named Billboard’s No. 1 female Latin artist of the decade in 2009.
She is ranked as the most-streamed Latin singer on Spotify and is one of only three female musicians to have two YouTube videos exceeding two billion views. Shakira’s first album entirely in English was released in 2001, her fifth overall.
Its songs “Whenever, Wherever” and “Underneath Your Clothes” both went to number one in their respective countries, while the album “Laundry Service” sold 20 million copies worldwide. The Recording Industry Association of America has certified several of her subsequent albums, both in Spanish and English, as gold, platinum, multi-platinum, or diamond.
Shakira Deal with Live Nation
In 2008, Shakira inked a 10 year, $300 million deal with Live Nation.
Shakira Catalog Sale
Shakira sold her publishing library to Hipgnosis Songs Fund in January 2021. About 145 songs’ worth of publishing rights were included in the agreement. Although the exact figures weren’t shared, it’s safe to assume that the deal was worth at least $100 million based on recent comparable sales.
Shakira Pay for ‘The Voice’
According to Forbes, Shakira made $12 million in 2013 on “The Voice.”
Shakira Tax Fraud Charges
The Paradise Papers revealed that Shakira was the sole owner and beneficiary of a corporation that transferred $30 million in music rights in November of 2017. The Spanish government started investigating her finances in 2018. Prosecutors would eventually contend that despite claiming the Bahamas to be her legal residence, Shakira spent more than six months residing in Spain between 2012 and 2014.
During that time, she avoided making any tax payments to Spain. It was claimed that she owed the government $13.9 million in taxes from those years. Shakira stated that she had paid off her debt in full, plus interest of $2.8 million. Prosecutors in Spain filed a $7.1 million tax fraud case against Shakira in September 2023. This was an additional fee on top of the taxes paid between 2012–2014.
On November 20, 2023, the first day of her trial, Shakira settled her lawsuit with Spanish tax officials. To affirm her admission of guilt on six counts of failing to pay around $16 million in taxes to the Spanish government for tax years 2012–2014, she checked the “yes” box in the settlement.
Shakira was able to stay out of jail because to the terms of the deal. Instead, she will pay a $8 million fine and serve a three-year suspended sentence. According to the letter of the law, she committed tax fraud.
Shakira Actual Property
Shakira put her modest Miami home on the market for $11.6 million in 2018. The 20,726 square foot lot on North Bay Road in Miami features direct bay access and a waterfront view. There are six bedrooms and seven and a half bathrooms in the 8,708 square foot home. Michael Bay, Matt Damon, Ricky Martin, Jennifer Lopez, and Alex Rodriguez are nearby celebrities.
Shakira and her sons Milan and Sasha returned to Miami in 2022 after she and Piqué’s separation, selling their $16 million Barcelona mansion in the process. She is rumored to be renting a $15 million waterfront estate while she searches for a new gigantic mansion that would cost her upwards of $50 million. The Bahamas is another place where she has a home.
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