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Madonna Joins Billionaire Club

Madonna’s net worth has now surpassed $1 billion dollars, according to new reports.

Women’s Wear Daily reports that the Material Girl’s recent MDNA tour, endorsements and merchandise have put her over the iconic seven figure mark.

Until 2012’s MDA tour, Madonna’s wealth had stagnated at around 700 million for most of the 2000s (what a problem), but the revenue from the MDNA tour brought in a staggering $305,158,363. That figure doesn’t even include the $75 million Madonna made in sales from tour merchandise, or the $10 million she took home from DVD sales.

Madonna’s MDNA tour became the highest grossing tour of 2012, and one of the most lucrative of her career.

In addition to the tour, several other investments and product endorsements have pushed Madonna’s net worth over the billion dollar mark.

In 2010, Madonna opened a gym chain called Hardcandy Fitness, named for one of her albums. The chain now boasts locations in Mexico City, Moscow, Rome, Santiago, St. Petersburg, and Sydney–capitalizing on the star’s global fanbase.

The singer also invested in Vita Coco, a coconut health drink.

Finally, several key product endorsements have catapulted her wealth into the stratosphere. Madonna got $10 million to rep Smirnoff vodka, and also released a perfume entitled “Truth or Dare.”

Madonna’s admission into the billionaire club is of course accompanied by controversy.

Earlier this month, Madonna appeared at the GLAAD awards dressed as a boy scout. She was there to present an award to journalist Anderson Cooper, but took a  few minutes to give a speech of her own.

Madonna blasted the Boy Scout organization for its policy that bans gays from joining. “I wanted to be a Boy Scout, but they wouldn’t let me join,” she said during a 10-minute speech. “I think that’s f–ked up. I know how to build a fire. I can pitch a tent … most importantly, I know how to scout for boys.”

I guess the Boy Scouts won’t be her next big endorsement deal…

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