Where Namibians Meet
User Name: Password: Forgot Password?

 
 Advanced Search
Go Back   The Shebeen > The People's Forums > Music, Entertainment & Culture


Reply
 
LinkBack Thread Tools
  #1  
Old 5th January 2008, 10:55 AM
Oneword's Avatar
Oneword Offline
Senior Member
 
Join Date: Oct 2007
Location: Bensalem
Posts: 1,367
Thanks: 601
Thanked 1,441 Times in 683 Posts
Images: 338
Blog Entries: 15
In Agreement: 276
In Agreement With 248 Times in 183 Posts
Credits: 479,658
Default The Biggest Celebrity Paydays Of 2007

Sponsor's Message
It’s been 30 years since the release of the original Star Wars, yet for director-producer George Lucas, the force is still with him, big time. In May, Hasbro, the world’s second-largest toymaker, paid Lucas $200 million to buy back nearly 16 million warrants for Hasbro stock the company awarded him in 1997 as part of a Star Wars toy licensing renewal deal. ( Star Wars merchandise--think Jedi action figures and play light sabers--has been Hasbro’s top-selling franchise among boys for the second year running.)

That buyout earned Lucas the top spot on Forbes’ list of the Biggest Celebrity Paydays of 2007. In all, the 20 celebrities on the list earned over $1 billion in just 20 days.
In Pictures: Biggest Celebrity Paydays Of 2007

All figures are not deducted for capital gains or other relevant taxes, unless noted. Actor advances for films were not included, since such payouts can vary depending on when a film begins shooting. As such, it is virtually impossible to pin down the actual payday.

True, most of us can’t recall what we made in a single day. But these aren’t ordinary days for the members of this list. June 7, for example, was the single highest earning payday in the life of drug dealer-turned-rapper Curtis “50 Cent” Jackson. ”Fitty” (as he is sometimes called) hooked up with Glacéau, maker of the trendy Vitaminwater health drinks, back in 2004, letting it sell a flavor named for him--Formula 50--in exchange for a small equity stake in the company.

Jackson told Forbes he predicted Coca-Cola (nyse: KO - news - people ) would snap up the fledgling company. Sure enough, on June 7, Coca Cola acquired Glacéau for $4.1 billion, netting the rapper $100 million a month before his 31st birthday. That payout earned him the No. 2 slot on the Forbes Celebrity Paydays list.

Radio shock job Howard Stern, who topped last year’s list, ranks No. 3 this year thanks to the $82 million stock bonus he earned from his bosses at Sirius for boosting subscriptions for a second year in a row.

Celebrity-owned businesses proved extremely lucrative last year. Jay-Z banked $82 million (before taxes) when he sold his urban apparel line Rocawear to Iconix Brand Group in a deal topping $204 million. And former Van Halen front man Sammy Hagar pocketed $80 million in May when Gruppo Campari, maker of Campari and Skyy vodka, bought the rocker’s Cabo Wabo tequila brand in May.

“Golden Boy” boxer Oscar De La Hoya nabbed the No. 7 spot on the list thanks to the record-breaking $55 million purse he won from his May title fight against Floyd Mayweather. Though Mayweather won the 12-round fight for the welterweight title, he took home just $25 million--only enough to earn him the No. 14 rank. But Mayweather has two top earning paydays in 2007. Seven months after his victory over De La Hoya, he snagged another $25 million when he beat Britain’s Ricky Hatton in a 10th round TKO.

Six celebrities made the list after unloading their pricey spreads. Both Courteney Cox and Mel Gibson dumped their beach-front Malibu manses. Designer Vera Wang and music impresario David Geffen sold their Manhattan apartments. (Sale prices are before broker fees and relevant taxes.)

Foppish actor Hugh Grant exploited the art market’s insatiable appetite for Andy Warhol when he auctioned off his iconic painting of Elizabeth Taylor for $23.5 million. He bought the piece in 2001 for just under $4 million.

And the list’s most long-awaited entry: hockey star Mario Lemieux. Nearly 10 years after he bailed the NHL’s Pittsburgh Penguins out from bankruptcy, Lemieux finally enjoyed a long-overdue payday. The organization paid him $21 million in October after a debt restructuring. Though it’s hard to imagine Lemieux popped any champagne, he was originally owed $32 million in back pay.


Forbes
Reply With Quote
The Following User Says Thank You to Oneword For This Useful Post:
Shebeen (5th January 2008)
  #2  
Old 5th January 2008, 05:16 PM
Pietro's Avatar
Pietro Offline
Senior Member
 
Join Date: Nov 2007
Location: New Katutura
Posts: 573
Thanks: 325
Thanked 480 Times in 265 Posts
Images: 2
In Agreement: 141
In Agreement With 81 Times in 62 Posts
Credits: 16,585
Default Re: The Biggest Celebrity Paydays Of 2007

I keep on sayin: YOU HAVE THE WRONG NAME!!! YOU SHOULD BE "TERAWORD"!!!!!!!!
Reply With Quote
The Following User Says Thank You to Pietro For This Useful Post:
Shebeen (5th January 2008)
Reply

Bookmarks

Tags
None

Thread Tools


Similar Threads
Thread Thread Starter Forum Replies Last Post
WORLD: The 10 biggest technology belly flops of 2007 Oneword Information + Communication Technology 0 17th December 2007 01:34 PM
10 biggest IT headaches of 2007. Oneword Information + Communication Technology 0 17th December 2007 12:47 PM


All times are GMT +2. The time now is 05:51 AM.



Powered by vBulletin® Version 3.7.3
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.2.0
(c) TheShebeen 2008Ad Management by RedTyger
Inactive Reminders By Icora Web Design