Katy Perry has not only become one of the wealthiest celebrities in the industry but has also made a considerable amount of money in recent years, especially as a judge on American Idol, the popular singing reality show.
There, she shares the panel with Lionel Richie and Luke Bryan, but Forbes confirmed that the Teenage Dream singer has become the second-highest-paid judge in the history of the show, following Simon Cowell.
After selling her music rights, her wealth skyrocketed rapidly, increasing significantly and making her extremely affluent, putting her in competition with stars like Beyonce and Taylor Swift. Here, check out her net worth…
How rich is Katy Perry in 2024?
The singer is truly wealthy and her fortune has been increasing over the years, particularly in 2023 and 2024. Currently, Katy Perry’s net worth is $400 million, according to Celebrity Net Worth and other major media outlets.
Katy Perry celebrates the launch of Dolce & Gabbana Devotion at Macy’s Herald Square on November 10, 2023. (Source: Eugene Gologursky/Getty Images for Macy’s Inc.)
In September 2034, the singer decided to sell her music rights to Litmus Music for $225 million, according to Forbes. With the sale of her music, her fortune has significantly increased, making her one of the richest stars.
She sold her stakes in master recording royalties and publishing rights for the five albums she released from 2008 to 2020. These albums include One Of The Boys, Teenage Dream, PRISM, Witness and Smile.
Katy Perry is one of the richest artists in America
In 2019, the business and finance-focused magazine named the pop figure the ninth highest-earning musician of the decade, with estimated earnings of $530 million. Her earnings are substantial due to her music career, tours, and work in reality shows.
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In an interview with Forbes, Perry talked about becoming one of the wealthiest women in the United States and confessed, “I’m proud of my position as a boss, as someone who runs my own company. I’m an entrepreneur. … I don’t want to shy away from it. In fact, I want to grab it by the balls”.
Katy Perry’s salary on American Idol
Marca confirmed that her salary on American Idol is $25 million per season, making her the second-highest-paid panel member in the history of the show, with Simon Cowell holding the top spot at $36 million per year.
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“I’m very proud that, as a woman, I got paid. And you know why? I got paid, essentially, more than anyone who’s been on that show”, Katy stated in a report when discussing her significant salary on the singing competition.
