Katy Perry: Exploring the Superstar’s Fortune and Recent Music Catalog Sale

Katy Perry is a global superstar, known just as much for her quirky and effervescent style as her legacy of pop hits. In a recent move, it was announced that the superstar singer, 38, has sold the master recording royalties and publishing rights to her catalog (spanning 2008-2020) to Litmus Music.

The Success of Katy Perry’s Music Career

This surely comes as a big industry move, but just how much has the “Roar” singer’s success made her in terms of a fortune before the sale? From her first chart-topping album One of the Boys (2008) to her most recent LP Smile (2020), the pop superstar has achieved a level of fame unmatched by many of her peers.

But the California-born performer has also made money in other ways, such as her TV work as the lead judge on American Idol since its 16th season, and her voice-acting in the Smurfs film franchise. Let’s delve into the details of just how much all the “Dark Horse” singer’s work has made her over the years…

Did Katy Perry Sell Her Music Catalog?

It was announced early on Monday, September 18, that Katy had sold the rights to her masters recording royalties and music publishing to Litmus Music, backed by the Carlyle Group, for a reported $225 million. This jaw-dropping deal represents a huge acquisition, spanning the singer’s back catalog of 16 multi-platinum singles, three multi-platinum albums, and some of the best-selling digital songs of all time.

Litmus Music co-founder and CCO Dan McCarroll, who previously served as the President of Capitol Records, released a statement about the deal, expressing his honor to partner with Katy Perry again and help Litmus manage her incredible repertoire.

Katy Perry’s Net Worth

While it is unclear how much her deal will affect her personal net worth, Katy is estimated to own a fortune of around $330 million, according to celebritynetworth.com. As one of the best-selling music artists of all time, it should come as no surprise that the “California Gurls” hitmaker’s net worth is impressive.

In Forbes’ most recent profile, it was reported that Katy makes around $38.5 million per year from her various ventures, including her music, her role as lead judge on American Idol, her Las Vegas residency, and other projects like ad campaigns and promotions.

How Much Does Katy Perry Get Paid for American Idol?

Katy reportedly makes around $25 million per season of American Idol, which is more than the reported salaries of her co-stars Lionel Richie and Luke Bryan combined. While there is no exact reason for the salary difference, it is likely due to the 38-year-old’s massive popularity and influence in the industry.

Katy’s historic deal in 2017 came when she was still celebrating her third straight number one album with Witness, and an accompanying tour that grossed over $50 million in 2018 alone. Her high star power was obviously worth a significant investment to the team behind the popular talent show.

How Much Did Katy Perry Earn for Her Las Vegas Residency?

Since December 2021, Katy Perry has starred in her incredibly popular Las Vegas residency, Play, at Resorts World Las Vegas. The success of her residency led to an extension until November 2023 due to fan demand.

While there are no official statistics for the whole duration of Katy’s run in Vegas, it was reported in 2021 that her first eight performances drew in just shy of $7 million in revenue. In March 2023, Katy Perry had already grossed $29 million from her residency, according to Pollstar.

Katy Perry’s Enduring Star Power

Katy Perry’s success in the music industry, as well as her ventures in television, film, and philanthropy, have solidified her status as a creative visionary and a force to be reckoned with. Her various sources of income, including her music catalog sale, American Idol remuneration, and Las Vegas residency earnings, have contributed to a remarkable net worth and continuous financial success.

With her unique style, captivating performances, and undeniable talent, Katy Perry continues to enchant audiences worldwide, both on stage and on screen. As she embarks on new ventures and explores different avenues, her fortune is bound to keep growing alongside her incredible repertoire.