Jennifer Lopez is a popular American entertainer; her journey to the top of the industry began from the time she started taking singing and dancing classes at the age of 5. Although her parents enrolled her and her two sisters in the class in a bid to keep them away from trouble, unknown to them that they had set the stage for their second daughter to tow the path of entertainment. In doing this over the years, Jennifer Lopez has been able to not just make name for herself but also achieve a sizeable net worth.
As a student of Preston High School, Lopez excelled in various athletic activities but her academic performance was not as good as her athletic record. During her final year at Preston, she got to know about a film casting that was looking for many teenage girls for small roles. Following her success at the audition, she was cast in the 1986 drama film My Little Girl. By the time she was done filming her part in the movie, young Lopez was convinced that she wanted to be a star actress.
However, instead of pursuing that dream, she decided to further her education at Baruch College, just to make her parents happy. On second thought, Jenifer Lopez chose to make herself happy and dropped out of school after one semester, against her parents’ will. This caused a rift between her and her parents and consequently made her leave home. Living by herself in an apartment in Manhattan, she performed in stage productions and also went on a 5-month tour to Europe as part of the chorus in a Golden Musicals of Broadway.
In 1991, she landed her first big job as a Fly Girl dancer in the sketch comedy television series In Living Color. She remained a regular cast on the show until 1993 when she made a decision to go into acting full-time. Having secured a comfortable spot for herself in the movie industry, the actress decided it was time to give a voice to the singer in her so she ventured into the world of music in 1999 with her debut album titled On the 6.
The beautiful lady has not only succeeded in becoming a star actress but has also grown to become a force to reckon with in the music industry. Having made millions of dollars from her acting and singing career, Jennifer Lopez has gone on to invest some of the money in a number of things that are also yielding her more money.
Jennifer Lopez Net Worth: How Does She Make Her Money?
Jennifer Lopez net worth which is estimated at $400 million came from numerous sources, including her films and television appearances, sales of her music, clothing lines named J.Lo by Jennifer Lopez, her fragrances, and production company known as Nuyorican Productions. She also made part of this money from concert tickets during her residency in Las Vegas and also from her many endorsement deals. Jennifer earned more than US$1 million in addition to a Golden Globe nomination for her first lead role in the 1997 biopic film, Selena, and this made her the first Latina actress to be paid over $1 million for a film role.
In the years that followed, she appeared in several commercially successful films which also paid her well, contributing to her establishment as one of the highest-paid Latina actresses in America’s film industry. As a musician, Jennifer Lopez has recorded massive success in the industry, setting and breaking a lot of records to the point of having her album J to tha L-O! The Remixes recognized by the Guinness World Records as United State’s first number one remix album. Thanks to her cumulative film gross of US$3 billion and her global record sales estimated at more than 80 million, including 40 million albums, Jennifer is considered to be the most influential Latina performer in the US.
In 2012, the singer was ranked as the most powerful person in entertainment by Forbes, as a result of her $52 million earnings that year. The same publication also placed her in the 38th position on its list of most powerful women in the world in the same year. In 2014, she earned a total of $37 million, which put her at number 6 on Forbes list of The 10 Highest-Paid Women In Music that year and contributing to this figure was the $12 million to $20 million pay which she received to serve as host of American Idol.
The singer/actress performed her last shows at the Zappos Theater in 2018 and from the show, she recorded a gross income of more than $100 million in two years, which is the highest Vegas residency a Latina artist has ever made. Also in 2018, Jennifer, in collaboration with Inglot Cosmetics, launched a limited-edition 70-piece makeup line. This, in addition to her other ventures, contributed to her 2018 earning of $47 million (pretax), according to Forbes. This amount made her the 6th highest-paid woman in music behind Lady Gaga ($50 million), Pink ($52 million), Beyoncé ($60 million), Taylor Swift ($80 million), and Katy Perry ($83 million). In the same year, she was also listed among Time’s 100 most influential people in the world.
Not slowing down in any way, the year 2019 has also seen Jennifer Lopez making millions, $43 million precisely. Though $4 million short of her 2018 earning, she still maintains a spot on Forbes 2019 list of Highest-Paid Women in Entertainment.
How Does Jennifer Lopez Spend Her Money?
Considering the fact that Jennifer Lopez net worth runs into millions of dollars, it is not surprising that she lives a comfortable life, wearing luxury clothes, living in a choice house in a high-brow area and riding expensive cars. However, it appears there are two major things on which she spends a greater part of her money and they are real estate and philanthropy.
The talented actress and her then-husband Marc Anthony purchased a 17,129 square-foot mansion in Hidden Hills, Los Angeles. However, after they parted ways, she put up the house for sale in 2015 and later sold it in 2017 for $10 million. In 2016, she acquired a beautiful home situated in a 13,932 square-foot land in Bel Air, Los Angeles. Meanwhile, she had already bought an estate worth $10 million in the Hamptons in 2013. Currently, in a new relationship with former professional baseball, Alex Rodriguez, Jennifer and Alex bought a condo valued at $15 million in Manhattan’s tallest residential building in March of 2018.
The international singer has been greatly involved in charity work. Sequel to the September 11 attacks, she lent her voice alongside other artists to produce charitable singles which were sold and the money realized used to help victims of the attack. In 2007, she went on a North American concert tour with Marc Anthony from which she made an estimated gross income of $10 million. One dollar from every ticket sold during the tour was donated to the charity organization known as Run for Something Better in support of physical fitness activities for kids.
Jennifer Lopez is also an avid supporter of the Children’s Hospital of Los Angeles, the Gloria Wise Boys and Girls Club, and the American Red Cross. After the occurrence of Hurricane Irma and Hurricane Maria in 2017, she announced that $1 million realized from her Las Vegas residency would be donated to humanitarian aid for Puerto Rico.
More so, in the spirit of affecting humanity positively, Miss Lopez and her sister Lynda established the Lopez Family Foundation in 2009.