She is a singer known for songs like I Kissed a Girl, Firework, Teenage Dream and California Gurls and along with others, has been the basis of her incredible wealth. Katy Perry, who is not just a singer, but also a songwriter, producer, and TV personality has grown her net worth via the release of several charting topping music, albums, and embarking on multiple successful tours.
Katy Perry, who is a native of Santa Barbara, has continued to remain one of the highest-earning musicians since she became a professional musician in 2001, a status that is not only supported by her net worth but also her long list of awards and records, including multiple Guinness World Records.
Find out how Katy amassed her net worth, along with details of how she spends her money below.
How Katy Perry Achieved a Net Worth of $300+ Million
According to the popular website, Celebrity Net Worth, Katy Perry has a net worth of $330 million, which she has accrued over 18 years as a professional musician, having made her debut in 2001. She released her first album, Katy Hudson in March 2001, performing poorly commercially with just 200 copies sold in its first year. However, in that year, she made the bulk of her income from going on the Strangely Normal Tour with Phil Joel.
After the failure of her first album, which she released under the name Katy Hudson, she transformed to Katy Perry and along with the name transformation, her net worth also got transformed. Her second album, One of the Boys, which was her first project after she moved from Christian music to secular music performed extremely well commercially, selling over seven million copies worldwide.
Just as her second album was a commercial success, so also was her third, Teenage Dream, which sold over six million copies worldwide, and just like singles from One of the Boys, it had a couple of singles that sold several million copies too. So far, Katy Perry has amassed a huge part of her net worth from the release of five albums, having sold over 18 million albums and 125 million singles over the course of her career.
In combination with her album and single sales, she has also gone on multiple tours and performed at various shows and concerts, contributing to her yearly earnings.
Between 2009 and 2014, $30 to $50 million of Katy Perry’s net worth came via merchandise sales, touring, endorsements and album sales. Between 2014 and 2015, she got a big boost of $135 million in earnings and made $57.5 million between June 2018 and 2019 fiscal period.
Aside from music-related earnings, Katy Perry is also a TV personality who appears as a judge on American Idol. She is believed to be earning $25 million per season for her role on the music reality show. So far, she has been appearing as a judge on the show since 2018.
Katy Perry’s net worth also comes from her acting efforts, which include films like Zoolander 2, The Smurfs 2, The Smurfs, and a few others. She has also made money from endorsing a range of products, as well as her entrepreneurial interests like her perfume line. Some of her product endorsements include Proactiv, OPI nail polish, H&M, and CoverGirl.
How Does She Spend Her Money?
When you are worth over a quarter of a billion, your spending options are virtually unlimited and you can afford to spend on anything you want, no matter how ridiculous it might be. For Katy Perry, who has been empowered by a net worth of $330 million, some of her expenses include buying an Italianate mansion in Los Angeles for $19.5 million. The mansion is a convent and it got her in trouble with some nuns.
She also has a fleet of fancy cars, particularly a fleet of Fisker Karma electric cars she bought for $450,000.
Another noteworthy luxurious expense is her 30th birthday bash, which she spent a total of couple hundred thousand on by flying over 70 friends to Paris for a dinner on the Eiffel Tower. Before flying her friends over, she spent a luxurious weekend in Morocco with her boyfriend at the time, Diplo.
Others include a cooking lesson she paid $67,400 for and two houses she spent $15.1 million on.
When she is not spending on luxury, she has had to pay legal fees such as $500,000 to a Christian singer in 2019 and a divorce settlement with Russell Brand.