Janet Jackson Net Worth $150 Million

Janet Jackson is an American singer, actress, producer and choreography who has a net worth of $150 million. Janet Jackson was born in Gary, Indiana, the youngest of the nine Jackson children. Janet moved with her family to a mansion in Encino, California at the age of four after her brothers started to become a famous singing group. She performed with the Jackson Five on an occasional basis, and began her solo career at the age of sixteen, with her debut album Janet Jackson. In 1991, Jackson began to distance herself from her family's music empire, signing a contract valued at between $32 – $50 million with Virgin Records. It was the largest female music recording contract of all time, up to that point. Her first album with Virgin, janet., debuted at number one on the Billboard charts and included five number-one singles, including the Grammy-winning single "That's the Way Love Goes." Her next two albums, The Velvet Rope and All For You, also debuted at the top of the charts and sold a combined total of sixteen million copies worldwide. Almost two decades later, Janet remains an important pop artist with an impressive legacy. In 2004, Jackson became the most-searched news story in Internet history (as reported by the 2007 Guinness Book of World Records) when, during the Super Bowl halftime show, Justin Timberlake tore her shirt open, exposing one bare breast. Jackson called the moment an accident and refused to apologize to CBS. Outside of music, Jackson has also appeared in several films. She got her start in 1993′s Poetic Justice and returned to the big screen many times since including movies like The Nutty Professor II: The Klumps and Why Did I Get Married?. Janet Jackson Is NOT A Billionaire Contrary to widely spread internet rumors, Janet Jackson is NOT a billionaire. Although she recently married Wissam Al Mana who is a billionaire Qatari retail tycoon. The idea that Janet was a billionaire stems to a misinterpretation of a May 2013 interview with Variety magazine. In the article, the author totals up all the gross revenue that has been generated by Janet's endeavors over the last 20 years. That included movie ticket sales, albums sales, merchandise, and more. The final number came to $1.2 billion. The article was also surrounded by advertisements congratulating Janet on being a "billion dollar entertainer". The combination of the article and the misleading advertisements snowballed into hundreds of blogs reporting that Janet's personal net worth had increased to over $1 billion. This is obviously false. The $1.2 billion number is gross revenue and has very little relation to Janet's personal bank account. Clearly she has made plenty of money off her successful career, but Janet is still $850 million away from being a billionaire.