• 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.

SPECS

Toyota land Cruiser 2020 5.7L VXR

Engine: 5.7-litre V8

Transmission: eight-speed automatic

Power: 362hp

Torque: 530Nm

Price: Dh329,000 (base model 4.0L EXR Dh215,900)

The biog

Name: Shamsa Hassan Safar

Nationality: Emirati

Education: Degree in emergency medical services at Higher Colleges of Technology

Favourite book: Between two hearts- Arabic novels

Favourite music: Mohammed Abdu and modern Arabic songs

Favourite way to spend time off: Family visits and spending time with friends

Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
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MATCH INFO

Liverpool 2 (Van Dijk 18', 24')

Brighton 1 (Dunk 79')

Red card: Alisson (Liverpool)

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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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THE CLOWN OF GAZA

Director: Abdulrahman Sabbah 

Starring: Alaa Meqdad

Rating: 4/5

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Dolittle

Director: Stephen Gaghan

Stars: Robert Downey Jr, Michael Sheen

One-and-a-half out of five stars

UAE currency: the story behind the money in your pockets
Updated: May 31, 2023, 11:14 AM