• 5. American model Gigi Hadid made an estimated $9 million in 2021. AP Photo
    5. American model Gigi Hadid made an estimated $9 million in 2021. AP Photo
  • 4. Britain's Rosie Huntington-Whiteley raked in $9 million through various projects. AFP
    4. Britain's Rosie Huntington-Whiteley raked in $9 million through various projects. AFP
  • 3. British actress and model Cara Delevingne made $19 million. AFP
    3. British actress and model Cara Delevingne made $19 million. AFP
  • 2. Brazilian model Adriana Lima made an estimated $30 million. AFP
    2. Brazilian model Adriana Lima made an estimated $30 million. AFP
  • 1. Kendall Jenner, from the US, reportedly earned $40 million. Reuters
    1. Kendall Jenner, from the US, reportedly earned $40 million. Reuters

How the five highest-paid models in 2021 made their money, from Gigi Hadid to Adriana Lima


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Bella Hadid has been named as the new face of Swarovski jewellery meaning the Palestinian-American model can add another high-profile brand to her already impressive list of contracts.

While both parties are remaining tight lipped on how much money the deal is worth, as a famous face with 51.8 million Instagram followers, it is sure to be worth a pretty penny..

Despite the age-old cliche of modelling being a "brainless" pastime, in reality, it can be very lucrative with big-name models regularly picking up six-figure sums to head up a brand, resulting in net earnings that run into tens of millions of dollars. To give an idea of how much the top models actually earn, here are the five who earned the most over the past 12 months.

5. Gigi Hadid, $9 million

US model Gigi Hadid arrives for the 2022 Met Gala at the Metropolitan Museum of Art on May 2, 2022, in New York. Photo AFP
US model Gigi Hadid arrives for the 2022 Met Gala at the Metropolitan Museum of Art on May 2, 2022, in New York. Photo AFP

Bella's older sister Gigi has an estimated personal wealth of $29m, and has earned her money from fashion shows, a Maybelline campaign and being a Victoria’s Secret Angel, a gig that pulled in up to $1m per year.

Gigi has graced multiple magazine covers, and is go-to in the industry. In 2016, she was named International Model of the Year by the British Fashion Council, and has since gone on to work with Guess, Tom Ford, Balmain, Missoni, Moschino and Isabel Marant.

That same year she collaborated on a clothing line with Tommy Hilfiger, and last month announced that her own clothing line will be unveiled soon. She is also taking on television work, and later this year will be co-host on Queer Eye. She is estimated to have earned $9m in 2021.

4. Rosie Huntington-Whiteley, $9 million

Rosie Huntington-Whiteley on the autumn winter 2010 runway, for Louis Vuitton. Photo: Louis Vuitton
Rosie Huntington-Whiteley on the autumn winter 2010 runway, for Louis Vuitton. Photo: Louis Vuitton

The British model has an estimated fortune of $30m, built up from modelling and her long-running lingerie line with Marks & Spencers. The partnership has now expanded to cover perfume and swimwear.

While pregnant with her first child, Huntington-Whiteley also launched her own beauty line called Rose Inc, meaning that in addition to modelling for names such as Ralph Lauren and Bloomingdales, she is thought to earn in the region of $9m per year.

3. Cara Delevingne, $19 million

British model Cara Delevingne arrives for the 2022 Met Gala at the Metropolitan Museum of Art on May 2, 2022, in New York. Photo AFP
British model Cara Delevingne arrives for the 2022 Met Gala at the Metropolitan Museum of Art on May 2, 2022, in New York. Photo AFP

The English model-turned-actress is a wealthy woman with more than $37m in the bank. Since signing with Storm Management in 2009, Delevingne has worked with many high-profile brands, including Chanel, Dolce & Gabbana, Fendi, and Louis Vuitton, and was named Model of the Year at the British Fashion Awards in 2012 and 2014.

In 2012, she branched out into acting, and has appeared in Suicide Squad and Valerian, among others. While Delevingne is more focused on acting than modelling these days, contracts with Tag Heuer, Burberry and YSL Beauty mean her earnings last year were more than $19m.

2. Adriana Lima, $30 million

Brazilian top model Adriana Lima poses on the red carpet for the opening gala of the Academy Museum of Motion Pictures in Los Angeles, on September 25, 2021. Photo EPA
Brazilian top model Adriana Lima poses on the red carpet for the opening gala of the Academy Museum of Motion Pictures in Los Angeles, on September 25, 2021. Photo EPA

The Brazilian model is thought to be worth $95m, with much of that coming from her long-running contract with Victoria’s Secret, between 1999 and 2018.

In 2015 and 2016, she was named by Forbes as the second-highest-paid model, much of which came from being ambassador to Puma, Maybelline, and IWC watches. In the past year, Lima earned just short of $30m.

1. Kendall Jenner, $40 million

The highest-earning model of 2022, Kendall Jenner, arriving at The Metropolitan Museum of Art's Costume Institute benefit gala May 2, 2022, New York. AP
The highest-earning model of 2022, Kendall Jenner, arriving at The Metropolitan Museum of Art's Costume Institute benefit gala May 2, 2022, New York. AP

Although born into a wealthy family, Jenner, 26, has now earned more than enough on her own, and is worth a rumoured $45m. In 2018, Forbes first named her the "world's highest-paid supermodel," citing earnings that year alone of $22.5m, a status not damaged by the disastrous Pepsi ad the year before, that was so slammed, the company withdrew it.

As famous off the runway as on it, much of Jenner’s fortune has come from endorsements such as Marc Jacobs, Fendi and Estee Lauder, and, of course, her social media posts. With more than 200 million followers, Jenner charges up to $700,000 per post. In the past year, she has earned a reported $40m, making her the highest-paid model for the third year running.

La Mer lowdown

La Mer beach is open from 10am until midnight, daily, and is located in Jumeirah 1, well after Kite Beach. Some restaurants, like Cupagahwa, are open from 8am for breakfast; most others start at noon. At the time of writing, we noticed that signs for Vicolo, an Italian eatery, and Kaftan, a Turkish restaurant, indicated that these two restaurants will be open soon, most likely this month. Parking is available, as well as a Dh100 all-day valet option or a Dh50 valet service if you’re just stopping by for a few hours.
 

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BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES

SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities

Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails

Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies

Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments

Who has lived at The Bishops Avenue?
  • George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
  • Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
  • Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
  • Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills. 
Hunting park to luxury living
  • Land was originally the Bishop of London's hunting park, hence the name
  • The road was laid out in the mid 19th Century, meandering through woodland and farmland
  • Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds

 

Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Dunki
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Four-day collections of TOH

Day             Indian Rs (Dh)        

Thursday    500.75 million (25.23m)

Friday         280.25m (14.12m)

Saturday     220.75m (11.21m)

Sunday       170.25m (8.58m)

Total            1.19bn (59.15m)

(Figures in millions, approximate)

Ferrari
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Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

RACE CARD

6.30pm: Madjani Stakes Group 2 (PA) Dh97,500 (Dirt) 1,900m
7.05pm: Maiden (TB) Dh82,500 (D) 1,400m
7.40pm: Maiden (TB) Dh82,500 (D) 1,600m
8.15pm: Handicap (TB) Dh87,500 (D) 2,200m
8.50pm: Dubai Creek Mile Listed (TB) Dh132,500 (D) 1,600m
9.25pm: Conditions (TB) Dh120,000 (D) 1,900m
10pm: Handicap (TB) Dh92,500 (D) 1,400m

French business

France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.

if you go

The flights

Direct flights from the UAE to the Nepalese capital, Kathmandu, are available with Air Arabia, (www.airarabia.com) Fly Dubai (www.flydubai.com) or Etihad (www.etihad.com) from Dh1,200 return including taxes. The trek described here started from Jomson, but there are many other start and end point variations depending on how you tailor your trek. To get to Jomson from Kathmandu you must first fly to the lake-side resort town of Pokhara with either Buddha Air (www.buddhaair.com) or Yeti Airlines (www.yetiairlines.com). Both charge around US$240 (Dh880) return. From Pokhara there are early morning flights to Jomson with Yeti Airlines or Simrik Airlines (www.simrikairlines.com) for around US$220 (Dh800) return. 

The trek

Restricted area permits (US$500 per person) are required for trekking in the Upper Mustang area. The challenging Meso Kanto pass between Tilcho Lake and Jomson should not be attempted by those without a lot of mountain experience and a good support team. An excellent trekking company with good knowledge of Upper Mustang, the Annaurpuna Circuit and Tilcho Lake area and who can help organise a version of the trek described here is the Nepal-UK run Snow Cat Travel (www.snowcattravel.com). Prices vary widely depending on accommodation types and the level of assistance required. 

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MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

Updated: May 31, 2023, 11:14 AM