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How Shakira Built Her $300 Million Net Worth In 2023

Shakira, the Colombian superstar, has not only mesmerized the world with her sultry voice and irresistible dance moves but has also built an impressive fortune over the years. Her journey to wealth and fame is nothing short of remarkable. In this article, we'll delve into Shakira net worth, exploring how she achieved her financial success.

Cecilia Jones
Oct 13, 20235731 Shares104192 Views
Shakira, the internationally acclaimed Colombian singer, songwriter, and philanthropist, has captured hearts around the world with her dynamic performances and distinctive voice. Beyond her musical prowess, Shakira has also amassed considerable wealth throughout her career. In this article, we will delve into the fascinating journey of Shakira net worth, exploring the various avenues through which she has accumulated her substantial fortune.

Quick Facts About Shakira

NameShakira
BirthdayFebruary 2, 1977
ProfessionSinger
Net worth$300 million

Early Life Of Shakira

Shakira wearing a black dress
Shakira wearing a black dress
Shakira's early life is a testament to her diverse cultural background and the early sparks of creativity that would later define her career. Born in Barranquilla, Colombia, she carried with her the name "Shakira," which means "grateful" in Arabic, reflecting her unique heritage.
Her family history included Lebanese roots on her father's side and Spanish and Italian ancestry on her mother's side, creating a rich tapestry of influences that would shape her life and music.
Growing up in a Roman Catholic household, Shakira attended Catholic schools and was the only child of her parents, William Mebarak Chadid and Nidia Ripoll Torrado. Her father's immigration journey from Lebanon to Colombia added to the multicultural blend of her upbringing.
Shakira's fascination with creativity began at an early age, with her first poem penned at just four years old. Her father's storytelling on a typewriter further ignited her passion for writing, which eventually evolved into her songwriting skills.
Shakira's journey into the world of music and dance began when she was introduced to the doumbek, a traditional drum used in Arabic music, during a visit to a Middle Eastern restaurant with her father. Enchanted by the rhythmic beats, she started belly dancing on the table, a pivotal moment that ignited her desire to become a performer.
Her talents were noticed by her schoolmates, earning her the nickname "belly dancer girl." At school, she also displayed her early singing prowess, although she faced challenges such as being rejected from the school choir due to her strong vibrato. Despite her initial setbacks and struggles with ADHD, Shakira's passion for music and performance only continued to grow.
Between the ages of 10 and 13, Shakira began gaining recognition for her singing talent in her hometown of Barranquilla. Her encounter with local theater producer Monica Ariza proved to be a turning point in her career. Ariza saw Shakira's potential and was determined to help her make her mark in the music industry.
A chance encounter on a flight to Bogota with Sony Colombia's record executive, Ciro Vargas, paved the way for Shakira's big break. Despite initial skepticism from Sony's song and artist director, Shakira's audition in Bogota was nothing short of spectacular. She secured a three-record deal with Sony Colombia, marking the beginning of her journey to international stardom.

Career Of Shakira

Shakira's career is a remarkable journey of talent, innovation, and perseverance that has earned her global acclaim and a dedicated fan base. From her early beginnings in Colombia to her status as an international superstar, her career trajectory is a testament to her versatility and dedication to her craft.
Shakira's musical journey began at a young age when she started writing poetry and songs. Her debut album, "Magia," was released in 1990 when she was just 13 years old. Although it didn't garner significant attention, it marked the start of her musical exploration.
Her third studio album, "Pies Descalzos" (1996), was a game-changer. With hits like "Estoy Aquí" and "¿Dónde Estás Corazón?" the album sold over five million copies worldwide. This breakthrough established her as a rising Latin music sensation and paved the way for her international career.
Shakira's true global breakthrough came with her fifth studio album, "Laundry Service" (2001). The album featured the smash hit "Whenever, Wherever," which topped charts worldwide. The single's infectious melody, combined with Shakira's unique voice and belly-dancing moves, captured the attention of audiences worldwide. "Laundry Service" sold over 20 million copies, cementing her status as a global superstar.
Her follow-up albums, "Fijación Oral, Vol. 1" and "Oral Fixation, Vol. 2" (2005), solidified her place in the music industry. The lead single, "Hips Don't Lie," featuring Wyclef Jean, became a worldwide phenomenon, reaching number one on the Billboard Hot 100 chart. Shakira's ability to blend genres and languages, seamlessly switching between English and Spanish, contributed to her widespread appeal.
Shakira's career has been marked by her versatility as an artist. She has explored various musical styles, including rock, pop, Latin, and even Arabic influences. Her commitment to reinventing herself and pushing creative boundaries has kept her music fresh and relevant.
In addition to her singing career, Shakira is an accomplished songwriter, with many of her songs reflecting her personal experiences and beliefs. Her lyrics often touch on themes of love, empowerment, and social issues, resonating with fans on a deep level.
Shakira is the second most famous Latina singer of all time, after Gloria Estefan. She has sold more than 125 million albums around the world. She is the most popular Colombian singer of all time.

Awards And Achievements Of Shakira

Shakira wearing a red dress while holding a trophy
Shakira wearing a red dress while holding a trophy
Shakira's illustrious career has been adorned with numerous awards and achievements, showcasing her exceptional talent and enduring impact on the music industry. Here are some of the most notable accolades and milestones in her career:

Grammy Awards

  • Best Latin Pop Album (2001) -Shakira won her first Grammy Award for "MTV Unplugged," an acoustic live album that showcased her versatility and unique musical style.
  • Best Latin Pop Album (2006) -She received her second Grammy Award for "Fijación Oral, Vol. 1," an album that featured hit singles like "La Tortura" and "Hips Don't Lie."
  • Best Latin Pop Album (2019) -Shakira won her third Grammy Award for "El Dorado," recognizing her continued excellence in the Latin pop genre.

Latin Grammy Awards

  • Best New Artist (2000) -Shakira's talent was recognized early in her career with this prestigious award.
  • Record of the Year (2006) -"La Tortura" earned her a Latin Grammy for Record of the Year.
  • Album of the Year (2006) -"Fijación Oral, Vol. 1" also secured the Album of the Year honor at the Latin Grammy Awards.

Billboard Music Awards

Hot Latin Song of the Year (2006) -Shakira's chart-topping hit "Hips Don't Lie" featuring Wyclef Jean earned her this award.

MTV Video Music Awards

  • Video of the Year (2006) -"Hips Don't Lie" won the coveted Video of the Year award at the MTV VMAs.
  • Best Choreography (2006) -The same song also earned her the award for Best Choreography.

World Music Awards

  • World's Best-Selling Latin Female Artist (2005) -Shakira was recognized as the world's best-selling Latin female artist at the World Music Awards.
  • World's Best-Selling Dance Female Pop Artist (2010) -Her global impact extended to the dance-pop genre as she received this prestigious award.

Hollywood Walk Of Fame

Star on the Hollywood Walk of Fame (2011) -Shakira was honored with a star on the Hollywood Walk of Fame in the category of recording.

FIFA World Cup

Official Song of the 2010 FIFA World Cup -Shakira's "Waka Waka (This Time for Africa)" was the official song of the 2010 FIFA World Cup and became an international anthem for the tournament.

Humanitarian Awards

  • Crystal Award (2017) -Shakira received the Crystal Award at the World Economic Forum for her leadership in early childhood education and her work through the Pies Descalzos Foundation.
  • Hero Award (2018) -She was honored with the Hero Award at the NRJ Music Awards for her philanthropic contributions.

Guinness World Records

Most Liked Facebook Page for a Musician (2010) -Shakira's Facebook page garnered a record-breaking number of likes, making her the most-liked musician on the platform at the time.

Shakira Net Worth

Shakira was worth $300 million as of 2023. She has made a lot of money from selling albums, making records, singing, and other things.
People think that Shakira is one of the most famous female singers of all time. She has sold more than 125 million songs and albums around the world so far. La Tortura, Beautiful Liar, Hips Don't Lie, Waka Waka (This Time for Africa), Chantaje, and Loca are some of her most popular songs around the world.
Shakira makes an amazing amount of money every year. She made $20 million that year, which made Forbes name her as one of the highest-paid women in the music business. You might be shocked to learn that wasn't when her career took off. In fact, she got even richer and made as much as $35 million a year in 2018 and 2019.

Endorsements Of Shakira

Shakira wearinga gold dress
Shakira wearinga gold dress
Shakira's fame and global appeal have made her a sought-after celebrity for endorsements and brand partnerships. Her diverse background, musical talent, and philanthropic efforts have made her a compelling choice for a wide range of companies and organizations. Here are some notable endorsements and brand partnerships that Shakira has been involved with:

Pepsi

Shakira has had a long-standing partnership with PepsiCo. She has appeared in several Pepsi advertising campaigns, including high-profile commercials that often coincide with major sporting events like the Super Bowl.

T-Mobile

In the United States, Shakira has teamed up with telecommunications giant T-Mobile. She starred in T-Mobile's Super Bowl commercials, further boosting her visibility to a massive audience.

Oral-B

Shakira has also lent her name and image to Oral-B, a well-known brand of dental products. She has been featured in promotional materials and campaigns for the brand.

Activia

Shakira endorsed Danone's Activia yogurt brand and appeared in commercials promoting the product's digestive health benefits.

Fisher-Price

Shakira partnered with Fisher-Price, a popular toy and baby product company, to develop the "Fisher-Price First Steps Collection," a range of baby products inspired by her music.

Reebok

Shakira collaborated with Reebok to create her own line of athletic footwear and activewear. This partnership allowed her to combine her passion for fitness with fashion.

Panamericana De Discos

Shakira has endorsed Panamericana de Discos, a Colombian record label and music retailer. This partnership reflects her connection to her Colombian roots.

Schwarzkopf

Shakira has also been associated with Schwarzkopf, a hair care and cosmetic brand. She appeared in advertising campaigns for Schwarzkopf's hair products.

Ravensburger

Shakira partnered with Ravensburger, a German board game and toy company, to create a custom puzzle featuring her image. This collaboration appealed to her fans and puzzle enthusiasts alike.

Shakira Music Catalog Sale

It was said that Shakira signed a $300 million deal with Live Nation back in 2008. That same year, 2021, there was even talk that the singer sold her publishing library for an estimated $100 million. It turned out to be true that she did sell copyright rights to Hipgnosis Songs Fund. The rights covered about 145 songs. Comparable sales showed that the deal was worth at least $100 million, but the exact amount was not revealed.

Real Estate Properties Of Shakira

Shakira wearing a pink floral outfit
Shakira wearing a pink floral outfit
Shakira's real estate portfolio reflects her global lifestyle, with properties in various desirable locations. Here are some of the notable real estate properties associated with Shakira:

Miami Mansion (2018)

In 2018, Shakira listed her stunning Miami mansion for $11.6 million. The property, located on Miami's prestigious North Bay Road, offers breathtaking views of Biscayne Bay and spans an impressive 20,726 square feet. The mansion itself is 8,708 square feet and boasts six bedrooms and seven and a half bathrooms. This luxurious residence allowed Shakira to rub shoulders with A-list neighbors, including celebrities like Matt Damon, Ricky Martin, Jennifer Lopez, Alex Rodriguez, and director Michael Bay.

Barcelona Home (Sold In 2022)

Shakira and her former partner, Gerard Piqué, owned a lavish home in Barcelona, Spain. In 2022, following their split, the couple listed the property for $16 million. This home was a symbol of their time together and was situated in one of the most prestigious neighborhoods in Barcelona.

Miami Waterfront Residence

After her separation from Gerard Piqué, Shakira decided to return to Miami with her two sons, Milan and Sasha. She is reportedly renting a stunning waterfront home valued at $15 million while exploring the possibility of purchasing a new mega mansion in the range of $50 million. Miami's real estate market offers a variety of luxurious options for high-profile individuals like Shakira.

Residence In The Bahamas

Shakira also owns a residence in the Bahamas, adding an exotic touch to her real estate portfolio. The Bahamas is a popular destination for celebrities seeking privacy and tranquility in a tropical paradise.

Personal Life Of Shakira

What about her personal life? The Waka Waka singer has been dating Argentinian lawyer Antonio de la Rua for 11 years. They were together from 2000 to 2011, but they did not get along when they broke up. In 2011, she started going out with the famous Spanish football player Gerard Piqué. Piqué plays for both FC Barcelona and the Spanish national team. Gerard Piques is 10 years older than Shakira.
In 2010, they met on the set of Shakira's "Waka Waka (This Time for Africa)," which was the official song for the 2010 FIFA World Cup. They also have two boys together, Milan, born January 22, 2013, and Sasha, born January 29, 2015. Back in June 2022, they broke up.
Argentinian lawyer Antonio de la Rúa was Shakira's long-term boyfriend for 11 years before they broke up in 2011. The lawyer continued to oversee her business activities in the few months after they broke up, even though they were no longer dating. If his ex-wife broke up with him in business, he sued her for $100 million in 2012. In August 2013, a judge in the Los Angeles County Superior Court threw out his case.
Having a high net worth means you need to pay your taxes correctly. Back in November 2017, the Queen of Latin Music was in the news because she was linked to a case of tax fraud. One of her names was in the Paradise Papers, which said that Shakira is the only shareholder of a company that moved about $30 million in music rights.
However, in 2018, some problems were found, which is when the Spanish government took a close look at her accounts. It is said that officials even said Shakira didn't pay her taxes from 2012 to 2014.
At the time, she was in Spain with her family. The fact that she was said to owe a huge $13.9 million in taxes surprised everyone. But Shakira came forward and said she had paid all of her taxes except for $2.8 million plus interest. The case has not yet been set for trial.
As of July 2023, Shakira was facing yet another case of claimed tax fraud. According to NBC News, the singer was accused of defrauding the Spanish Tax Office about her personal income taxes and assets in 2018.

Charity And Philanthropy Of Shakira

Shakira wearing a black sleeveless top
Shakira wearing a black sleeveless top
Shakira is not only celebrated for her incredible musical talent and global fame but also for her deep commitment to philanthropy and charitable work. Throughout her career, she has been actively involved in various charitable initiatives and organizations, using her influence and resources to make a positive impact on the world. Here are some of the key aspects of Shakira's charity and philanthropic efforts:

Pies Descalzos Foundation

One of Shakira's most significant philanthropic endeavors is the Pies Descalzos Foundation (Fundación Pies Descalzos in Spanish), which she founded in 1997. The foundation's name, which translates to "Barefoot Foundation," reflects its mission to provide education and support to vulnerable children in Colombia, particularly those affected by poverty and armed conflict.
The Pies Descalzos Foundation has established schools and educational programs in underserved areas of Colombia, offering quality education, nutrition, and psychological support to thousands of children and their families. Shakira's commitment to improving access to education in Colombia has earned her numerous awards and recognition for her humanitarian work.

UNICEF Goodwill Ambassador

Shakira has served as a UNICEF Goodwill Ambassador since 2003. In this role, she has been a passionate advocate for children's rights and has actively participated in UNICEF campaigns and initiatives worldwide. She has been particularly vocal about issues such as early childhood development, access to education, and child protection.

Barefoot Workshops

As part of her foundation's efforts, Shakira launched the Barefoot Workshops program, which aims to improve the quality of education in Colombia's most vulnerable communities. The program provides teachers with training and resources to enhance their teaching skills and create more engaging and effective learning environments for students.

Fundación ALAS

Shakira was a co-founder of Fundación ALAS, an organization that brings together artists, business leaders, and experts to advocate for early childhood development in Latin America. The foundation focuses on promoting access to quality education, nutrition, and healthcare for children in the region.

Global Citizen

Shakira has been an active supporter of Global Citizen, an international advocacy organization that aims to end extreme poverty and address global challenges. She has participated in Global Citizen events and campaigns, using her platform to raise awareness about pressing issues and encourage collective action.

COVID-19 Relief Efforts

During the COVID-19 pandemic, Shakira joined the efforts to combat the virus's impact. She donated funds to provide medical equipment and relief to healthcare workers and vulnerable communities affected by the pandemic.

Shakira's Advocacy For Education

Throughout her career, Shakira has been a strong advocate for education, emphasizing its importance in breaking the cycle of poverty. She has spoken at numerous international forums, including the United Nations, to highlight the need for global investment in education and early childhood development.

Lesser Known Facts About Shakira

  • Shakira is not only fluent in Spanish and English but is also proficient in several other languages, including Portuguese, Italian, Arabic, and even some Catalan. Her ability to sing and write songs in multiple languages has contributed to her international appeal.
  • Shakira's fascination with belly dancing began at a young age when she saw a doumbek, a traditional Middle Eastern drum, at a restaurant. Her desire to become a performer was sparked by this encounter, and she started taking belly dancing lessons, a skill that later became a signature element of her performances.
  • In addition to her music career, Shakira is a published author. She wrote a children's book titled "Dora the Explorer: World School Day Adventure" in 2007, based on the popular animated TV series. The book was part of her efforts to promote education for children.
  • Shakira possesses a notably high IQ, reported to be around 140. Her intelligence has played a role in her ability to excel in various aspects of her career, from songwriting to business ventures.
  • Shakira is a passionate soccer fan and has been involved in the sport beyond her relationship with Gerard Piqué, a professional soccer player. She wrote and performed the official song for the 2010 FIFA World Cup, "Waka Waka (This Time for Africa)," which became an anthem for the tournament.
  • Apart from her music and charity work, Shakira has ventured into entrepreneurship. She has invested in startups and businesses, including the ride-sharing app Uber and the social impact venture capital fund, Social Capital.
  • Shakira received an honorary doctorate in Educational Science from the University of Oxford in 2009 for her dedication to promoting education and early childhood development.
  • Shakira is not only musically inclined but also skilled in visual arts. She is known for her talent in drawing and painting and has created artwork for some of her albums.
  • Shakira co-founded a tech startup called "Viberate" in 2015. The platform offers data and analytics for music artists, venues, and events in the music industry.
  • Before becoming a music sensation, Shakira pursued acting. She appeared in a Colombian soap opera called "El Oasis" in the early 1990s.

Shakira FAQs

What Is Shakira's Real Name?

Shakira's full name is Shakira Isabel Mebarak Ripoll.

How Many Languages Does Shakira Speak Fluently?

Shakira is fluent in Spanish, English, Portuguese, Italian, Arabic, and some Catalan.

Does Shakira Have Any Children?

Yes, Shakira has two sons, Milan and Sasha, with her partner, Gerard Piqué.

What Was Shakira's First Hit Song?

Shakira's breakthrough hit was "Estoy Aquí," from her 1996 album "Pies Descalzos."

Is Shakira Involved In Any Philanthropic Work?

Yes, Shakira is actively involved in philanthropy through her Pies Descalzos Foundation, which focuses on providing education and support to underprivileged children in Colombia.

Conclusion

Shakira net worth is a testament to her exceptional talent and unwavering dedication to her craft. From her humble beginnings in Barranquilla, Colombia, to her status as a global superstar, Shakira's financial success reflects not only her musical accomplishments but also her entrepreneurial ventures and philanthropic endeavors. As she continues to inspire audiences worldwide with her music and charitable contributions, Shakira net worth serves as a reminder of her remarkable achievements and lasting impact on the entertainment industry and beyond.
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