As if the divide between rich and poor isn’t already staggering, the world of music just announced how large that divide truly is. Ms. Adele has recently come out of the closet and announced to the world, or perhaps, rubbed it in, that she made a staggering 11.5 million pounds in one year. Most average American’s don’t earn that during their entire lives.
As per The News, Adele has garnered a massive fortune since releasing her fifth studio album, 30, back in 2021. The iconic singer boosted her fortune by £11.5m last year. This is staggering. I wonder how much of this money she donated to charity, or to help others.
The 24-year-old hitmaker’s profits catapulted between 2020 and 2021, with the latter seeing her company with reserves of almost £15M, according to account statements.
Statements for Adele’s company, Melted Stone Ltd, show that its net assets sat at £14,940,260 in December 2021, a substantial increase from the £3,566,954 a year prior. This is astonishing. The booming profit is no shock, as this was the same year that the musician released her newest album, titled 30.
Including hits such as Easy On Me, the album’s first-week chart sales totaled 261,000,30 and was the biggest first week for an album during the year, also becoming one of the world’s best-selling albums that year. The massive profits don’t appear to have gone to waste either, as Adele purchased a lavish new home for £47M earlier this year. Why she needs a 47 million dollar home is beyond me.
Following the aftermath of the Covid-19 pandemic, which put live music on hold, Adele’s company A Adkins Touring Ltd, which looks after her live music, made a loss (which can be written off in taxes) But it is thought that the company will have been booming this year after her residency in Las Vegas kicked off last month.
There you have it. Money money money must be funny in a rich girl’s world.