Celebrity Net Worth: Katy Perry sells music catalogue for $225 million
In our fortnightly celebrity investment and wealth round-up, Bollywood actor Deepika Padukone invests in Blue Tokai and Huda Kattan ranks among the top influencers of the year
American singer Katy Perry appears to be thinking of her legacy. The 38-year-old recently sold a part of her music rights to Litmus Music under a “creative partnership”, according to the Carlyle-backed company.
The agreement was reportedly valued at $225 million and represents the year’s biggest catalogue deal for a single artist, Billboard magazine said. Carlyle did not publicly confirm the size of the deal.
Perry’s deal covers her stake in master recordings and publishing rights for five albums released between 2008 and 2020. The records are One of the Boys, Teenage Dream, Prism, Witness, and Smile. Together, the five albums represent 16 multiplatinum hits.
Universal Music Group continues to own the masters for those albums.
The sale of music rights has boomed in recent years, with older artists such as Bob Dylan, Bruce Springsteen and Tina Turner selling part or all of their catalogues to companies such as Hipgnosis, Sony and BMG.
Katy Perry style evolution – in pictures
Katy Perry, in polka dots and stripes, at Fritzclub on September 17, 2008 in Berlin, Germany. Getty Images
Katy Perry, in a jersey midi and knitted jacket, arrives at a Patrick Demarchelier exhibition on September 29, 2008 in Paris, France. Getty Images
Katy Perry, in a floral shift dress, attends a press conference for the MTV Europe Music Awards on November 5, 2008 in Liverpool, England. Getty Images
Katy Perry, in Jean Charles de Castelbajac, arrives for the MTV Europe Music Awards at the Echo Arena on November 6, 2008 in Liverpool, England. Getty Images
Katy Perry, in Dolce & Gabbana, attends the NRJ Music Awards at the Palais des Festivals on January 17, 2009 in Cannes, France. Getty Images
Katy Perry, in a Hello Kitty corset, arrives at the Brit Awards at Earls Court on February 18, 2009 in London, England. Getty Images
Katy Perry, in a polka-dot two-piece, attends the Capital Radio Summertime Ball at the Emirates Stadium on June 7, 2009 in London, England. Getty Images
Katy Perry, in Louis Vuitton, at the Louis Vuitton show during Paris Fashion Week on October 7, 2009 in Paris, France. Getty Images
Katy Perry, in Marchesa, arrives at the MTV Europe Music Awards at the O2 Arena on November 5, 2009 in Berlin, Germany. Getty Images
Katy Perry, in Jeremy Scott, and Russell Brand attend the MTV Europe Awards at the La Caja Magica on November 7, 2010 in Madrid, Spain. Getty Images
Katy Perry, in Armani, and Russell Brand arrive for the 53rd annual Grammy Awards at the Staples Centre in Los Angeles, California, on February 13, 2011. EPA
Katy Perry, in Versus, poses at the launch of her new fragrance on April 30, 2011 in Melbourne, Australia. Getty Images
Katy Perry, in Jean-Charles de Castelbajac, arrives on the red carpet ahead of the Logie Awards at Crown Palladium on May 1, 2011 in Melbourne, Australia. Getty Images
Katy Perry, in Jeremy Scott, attends the MTV Europe Music Awards at the Odyssey Arena on November 6, 2011 in Belfast, Northern Ireland. Getty Images
Katy Perry, in Elie Saab, arrives at the 54th annual Grammy Awards at the Staples Centre in Los Angeles, California, on February 12, 2012. EPA
Katy Perry, in Viktor & Rolf, attends the Viktor & Rolf show as part of Paris Fashion Week on March 3, 2012 in Paris, France. Getty Images
Katy Perry, in Paco Rabanne, arrives at the Echo Awards at Palais am Funkturm on March 22, 2012 in Berlin, Germany. Getty Images
Katy Perry, in Versace, arrives at the 'Katy Perry: Part of Me' premiere on June 30, 2012 in Sydney, Australia. Getty Images
Katy Perry, in Marchesa, attends the premiere of 'Katy Perry: Part of Me' at Empire Leicester Square on July 3, 2012 in London, England. Getty Images
Katy Perry, in Gucci, arrives at the 55th annual Grammy Awards in Los Angeles, California, on February 10, 2013. EPA
Katy Perry, in Chanel, attends the Chanel show as part of Paris Fashion Week on October 1, 2013 in Paris, France. Getty Images
Katy Perry, in Zac Posen, attends the MTV EMAs at the Ziggo Dome on November 10, 2013 in Amsterdam, Netherlands. Getty Images
Katy Perry, in Versus, attends the Capital FM Jingle Bell Ball at 02 Arena on December 7, 2013 in London, England. Getty Images
Katy Perry, in Osman, attends the NRJ Music Awards at Palais des Festivals on December 14, 2013 in Cannes, France. Getty Images
Katy Perry, in Dole & Gabbana, arrives for the Grammy Salute to the Beatles concert in Los Angeles, California, on January 27, 2014. EPA
Katy Perry, in Vivienne Westwood, attends the Elle Style Awards on February 18, 2014 in London, England. Getty Images
Katy Perry, in a peplum midi, poses at Telstra HQ on March 4, 2014 in Sydney, Australia. Getty Images
Katy Perry, in Jaime Lee, arrives at the 28th annual Aria Awards on November 26, 2014 in Sydney, Australia. Getty Images
Katy Perry, in Zuhair Murad, arrives at the 57th annual Grammy Awards at the Staples Centre in Los Angeles, California, on February 8, 2015. EPA
Katy Perry, in Givenchy, attends the Givenchy show as part of Paris Fashion Week on March 8, 2015 in Paris, France. Getty Images
Katy Perry, in Moschino, and Jeremy Scott arrive at the Met Gala at the New York Metropolitan Museum of Art in New York, on May 4, 2015. EPA
Katy Perry, in Moschino, attends the Moschino show during the 88 Pitti Uomo on June 18, 2015 in Florence, Italy. Getty Images
Katy Perry, in Prada, arrives at the 73rd annual Golden Globe Awards at the Beverly Hilton Hotel in Beverly Hills, California, on January 10, 2016. EPA
Katy Perry, in Jeremy Scott, arrives at the 51st annual Academy of Country Music Awards ceremony at the MGM Grand Garden Arena in Las Vegas, Nevada, on April 3, 2016. EPA
Katy Perry, in Prada, arrives at the Met Gala at The Metropolitan Museum of Art in New York, on May 2, 2016. EPA
Katy Perry, in Marchesa, arrives at the Cinema Against Aids Gala at Hotel du Cap-Eden-Roc on May 19, 2016 in Cap d'Antibes, France. Getty Images
Katy Perry, in Cinq a Sept, arrives for the premiere of 'Office Christmas Party' at the Regency Village Theatre in Westwood, California, on December 7, 2016. EPA
Katy Perry, in Tom Ford, arrives at the 59th annual Grammy Awards at the Staples Centre in Los Angeles, California, on February 12, 2017. EPA
Katy Perry, in Versace, attends the Brit Awards at the O2 Arena on February 22, 2017 in London, England. Getty Images
Katy Perry, in Maison Margiela, arrives at the Met Gala at the Metropolitan Museum of Art in New York, on May 1, 2017. EPA
Katy Perry, in Chanel, attends the Chanel show as part of Paris Fashion Week on July 4, 2017 in Paris, France. Getty Images
Katy Perry, in Stephane Rolland, arrives at the 34th MTV Video Music Awards at The Forum in Inglewood, California, on August 27, 2017. EPA
Katy Perry, in Versace, arrives at the Met Gala at the Metropolitan Museum of Art in New York, on May 7, 2018. EPA
Orlando Bloom and Katy Perry, in Tom Ford, attend the Gala for the Global Ocean on September 26, 2018 in Monte-Carlo, Monaco. Getty Images
Katy Perry, in Alexis Mabille, arrives for the amfAR gala at the Wallis Annenberg Centre for the Performing Arts in Beverly Hills, California, on October 18, 2018. EPA
Katy Perry, in Balmain, arrives at the 61st annual Grammy Awards at the Staples Centre in Los Angeles, California, on February 10, 2019. EPA
Katy Perry, in Moschino, at the Met Gala at the Metropolitan Museum of Art in New York, on May 6, 2019. EPA
Prince Charles and Katy Perry, in Stella McCartney, attend a reception for supporters of the British Asian Trust on February 4, 2020 in London, England. Getty Images
Katy Perry, in Mara Hoffman, poses at Melbourne Cricket Ground on March 7, 2020 in Melbourne, Australia. Getty Images
Perry now has a net worth of $340 million following the sale and is one of the richest self-made women in the US, according to estimates by Forbes magazine.
The California native has sold the equivalent of more than 65 million albums, including physical, digital and streaming units, according to music database Chartmasters.
She has not released a song since 2020’s Smile. Her residency in Las Vegas will wrap up in November. Unconfirmed estimates put its gross takings at $168 million.
Perry's tours regularly gross in the millions, with the 2014-2015 Prismatic world tour grossing $204.3 million from 149 shows, according to trade publication Pollstar.
Perry is also currently filming Season 22 of American Idol, where she returns as a judge. Her annual salary for the show was $25 million in 2020, Celebrity Net Worth reports.
Outside of entertainment, Perry owns shoe brand Katy Perry Collections and non-alcoholic beverage De Soi.
Over the past decade, the I Kissed A Girl singer has bought and sold at least two properties in Beverly Hills, and two others in Los Angeles’ Runyon Canyon, according to Celebrity Net Worth.
Along with husband Orlando Bloom, they bought a nearly 3.6-hectare estate in Montecito, California.
The couple purchased the property for $14.2 million in 2020 but its seller, former equity manager Carl Westcott, has disputed the sale.
Separately, Perry has made at least eight private equity investments, according to investor platform Crunchbase.
Among them are several food brands, including vegan meat company Impossible Foods, food science start-up Apeel Sciences, and Shef.
In 2021, she also took part in a $5 million fundraising round for blockchain-enabled music platform Audius alongside Jason Derulo, Nas and The Chainsmokers.
Bollywood actor Deepika Padukone has invested in Indian coffee chain Blue Tokai. Getty Images
Padukone’s Ka Enterprises investment vehicle joined a Series B funding round held earlier this year, according to media reports in India.
Led by A91 Partners, the round raised $30 million. Other investors included Anicut Capital, 8i Ventures, DSP Blackrock, Negen Capital, Mauryan Capital and White Whale Ventures.
“We have followed the brand’s growth very closely over the past decade and observed their vision and commitment to quality and innovation and are therefore thrilled to partner with them,” Padukone said.
The value of Padukone’s investment has not been disclosed.
Blue Tokai operates in India and Japan. It has four roasteries and more than 80 outlets.
Padukone, 37, has a net worth of 5 billion Indian rupees ($60 million) and has become one of India’s highest-paid actors since she made her film debut in 2006, according to India’s DNA newspaper.
She has since appeared in nearly 40 films, including this year's Pathaan with Shah Rukh Khan. The movie has made more than 1 billion rupees in global box-office takings.
Ka Enterprises, which Padukone set up in 2014, has invested in a broad range of start-ups.
Among them are plant-based yoghurt Epigamia, luggage retailer Mokobara, office furniture rental company Furlenco, household appliance manufacturer Atomberg Technologies, ride-sharing start-up Blu Smart, space tech manufacturer Bellatrix, the learning platform Front Row, and FemTech brand Nua.
Padukone owns an 11,260-square-foot apartment spread over four floors in Mumbai with her husband, actor Ranveer Singh, as well as a home in Bengaluru.
Beauty influencer Huda Kattan has earned $13 million over the past 12 months, according to Forbes. Anna Maria Nielsen / The National.
Huda Kattan
Dubai-based beauty entrepreneur Huda Kattan is among the top influencers of the year, with earnings of $13 million over the past 12 months, according to a new compilation by Forbes.
The magazine puts Kattan at number 15 on its annual list of social media creators.
The biggest-earning social media creator over the past year is MrBeast. The YouTube creator, whose real name is Jimmy Donaldson, has earned $82 million in the past 12 months.
His high-production videos and stunts have earned him 312 million followers across different social media platforms.
Kattan, who has 69 million followers, has a net worth of $400 million, the magazine said.
The 39-year-old Iraqi-American celebrity make-up artist shot to fame with her Huda Beauty blog.
Its success led her to launch cosmetic brand Huda Beauty with her sisters, Mona and Alya. The brand is sold around the world, including in department stores such as Harrods and Sephora.
In 2020, Kattan launched a skincare brand, Wishful Skincare.
Two years earlier, Kattan and her sisters set up HBI Investments, a private investment office that aims to support digitally enabled brands.
The firm has since taken a stake in at least eight brands, including cloud kitchen Kitopi, quick-learning app Uptime, online salon booking platform Fresha, resale marketplace The Luxury Closet and London-based fashion brand Urbanic, according to the HB Investments website.
Cristiano Ronaldo has invested in racquet ball sport padel. Getty Images
Together with businessman Filipe de Botton, the Portuguese national last month won a tender to build the Cidado do Padel complex in the municipality of Oeiras, in the Lisbon metropolitan area.
They will invest a reported €5 million ($5.2 million) to construct 17 padel courts on a plot of about 15,000 square metres.
Intended as an international venue for padel, the project is being designed to host tournaments. It is set for completion in 2025.
Ronaldo, 38, has a net worth estimated at $500 million, according to Celebrity Net Worth.
The five-time Ballon d’Or winner was the world’s highest paid athlete with earnings of $136 million before tax in the 12 months to May, according to Forbes.
Watch: Cristiano Ronaldo wears traditional Saudi dress in Al Nassr video
While $46 million came from his salary, endorsements, licensing income, appearances and other business ventures added another $90 million.
He has a lifetime deal with Nike, as well as other sponsors, including Binance, Herbalife, Louis Vuitton, TAG Heuer and Unilever.
He has 850 million followers across social media, and became the first footballer to cross $1 billion in career earnings in 2020.
Treaty of Friendship between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates
The United kingdom of Great Britain and Northern Ireland and the United Arab Emirates; Considering that the United Arab Emirates has assumed full responsibility as a sovereign and independent State; Determined that the long-standing and traditional relations of close friendship and cooperation between their peoples shall continue; Desiring to give expression to this intention in the form of a Treaty Friendship; Have agreed as follows:
ARTICLE 1 The relations between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates shall be governed by a spirit of close friendship. In recognition of this, the Contracting Parties, conscious of their common interest in the peace and stability of the region, shall: (a) consult together on matters of mutual concern in time of need; (b) settle all their disputes by peaceful means in conformity with the provisions of the Charter of the United Nations.
ARTICLE 2 The Contracting Parties shall encourage education, scientific and cultural cooperation between the two States in accordance with arrangements to be agreed. Such arrangements shall cover among other things: (a) the promotion of mutual understanding of their respective cultures, civilisations and languages, the promotion of contacts among professional bodies, universities and cultural institutions; (c) the encouragement of technical, scientific and cultural exchanges.
ARTICLE 3 The Contracting Parties shall maintain the close relationship already existing between them in the field of trade and commerce. Representatives of the Contracting Parties shall meet from time to time to consider means by which such relations can be further developed and strengthened, including the possibility of concluding treaties or agreements on matters of mutual concern.
ARTICLE 4 This Treaty shall enter into force on today’s date and shall remain in force for a period of ten years. Unless twelve months before the expiry of the said period of ten years either Contracting Party shall have given notice to the other of its intention to terminate the Treaty, this Treaty shall remain in force thereafter until the expiry of twelve months from the date on which notice of such intention is given.
IN WITNESS WHEREOF the undersigned have signed this Treaty.
DONE in duplicate at Dubai the second day of December 1971AD, corresponding to the fifteenth day of Shawwal 1391H, in the English and Arabic languages, both texts being equally authoritative.
Signed
Geoffrey Arthur Sheikh Zayed
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Indoor cricket in a nutshell
Indoor Cricket World Cup - Sept 16-20, Insportz, Dubai
16 Indoor cricket matches are 16 overs per side 8 There are eight players per team 9 There have been nine Indoor Cricket World Cups for men. Australia have won every one. 5 Five runs are deducted from the score when a wickets falls 4 Batsmen bat in pairs, facing four overs per partnership
Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
Zones
A Front net, behind the striker and wicketkeeper: 0 runs B Side nets, between the striker and halfway down the pitch: 1 run C Side nets between halfway and the bowlers end: 2 runs D Back net: 4 runs on the bounce, 6 runs on the full
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
Company profile
Name: Thndr
Started: October 2020
Founders: Ahmad Hammouda and Seif Amr
Based: Cairo, Egypt
Sector: FinTech
Initial investment: pre-seed of $800,000
Funding stage: series A; $20 million
Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC, Rabacap and MSA Capital
UAE currency: the story behind the money in your pockets
J Barrett; I Dagg, A Lienert-Brown, N Laumape, J Savea; B Barrett, A Smith; J Moody, C Taylor, O Franks, B Retallick, S Whitelock, J Kaino, S Cane, K Read (capt).
Replacements: N Harris, W Crockett, C Faumuina, S Barrett, A Savea, TJ Perenara, A Cruden, M Fekitoa.
