Lady Gaga sets Billboard female record, went bankrupt to pay for crazy costumes

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Last month, we covered the story that Forbes placed Lady Gaga at the #1 position (ousting Oprah Winfrey) on the Celebrity 100 list, and it’s seemingly been nonstop Gaga ever since then. Due to the release of her second full album, Born This Way, Gaga’s been seriously working her publicity machine through such obstacles as a sanctimonious Rolling Stone interview, a morning show appearance, and an SNL three way, not to mention many other instances of assault on the general media.

Gaga’s efforts have paid off, for Born This Way went platinum in less than a week, which makes her the fifth female artist to do so as quickly. (The other four artists: Britney Spears, Whitney Houston, Norah Jones, and Taylor Swift. Sadly, no Madonna.) Even more amazing is that Gaga has now set the record for female record sales in the first week with an inexplicable 1,108,000 copies sold. Although I will admit to contributing one of those units that were sold, at least I only spent 99 cents during the Amazon one-day sale, which might very well be cheating to sell more albums that way, right? Still, Gaga made the sales and duly crashed Amazon’s servers in the process.

Strangely enough, this news comes with a renewed admission from Gaga herself that she had went bankrupt a few years ago while spending tons of cash on her notoriously bizarre costumes:

Lady Gaga has admitted she was left bankrupt after spending millions on crazy outfits for her Monster’s Ball tour.

The 25-year0old singer said she was left £1.82million in debt after the production, which ran for 18 months and 200 shows.

However, Gaga – famed for her unique fashion sense, including the now infamous meat dress she wore to last year’s MTV Video Music Awards – revealed she had no idea about the extent of her financial problems.

She said: “Other than that I put everything in the show, and I actually went bankrupt after the first extension of the Monster Ball. And it was funny because I didn’t know! And I remember I called everybody and said, ‘Why is everyone saying I have no money? This is ridiculous, I have five No. 1 singles’ — and they said, ‘Well, you’re $3m in debt.’ ”

It was the rejigging at the beginning of the tour, which eventually brought in £138million, that cost the most money.

But Gaga said the reason she didn’t know about the bankruptcy was because money isn’t that important to her.

In an interview with Stephen Fry in the Financial Times, Gaga said: “It’s honestly true that money means nothing to me. The only big things I’ve purchased are my dad’s heart valve and a Rolls-Royce for my parents, for their anniversary. And that was only because my dad had a Lady Gaga license plate on our old car and it was making me crazy because he was getting followed everywhere, so I bought him a new car.”

[From Daily Mail]

While it’s obviously admirable that Gaga lavishes money on her parents (particularly for the sake of her father’s health), I sincerely doubt that all of her non-tour spending has been otherwise frugal. After all, there was that diamond-studded whip she gave Beyonce for her birthday as well as her own diamond encrusted lobster headpiece that she wore just for show. However, it’s Gaga’s money, and her team made an amazing return on investment with the continuation of the Monster Ball tour. That, and she buys pizza for her fans while they wait in line to buy her tickets (who else does that?), so even as much as I’d like to dislike her, it’ll probably never happen. Still, some of her costumes are completely ridiculous, and I can’t believe that anyone would spend millions just to look like that.

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Photos courtesy of Fame Pictures

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35 Responses to “Lady Gaga sets Billboard female record, went bankrupt to pay for crazy costumes”

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  1. Kristin says:

    I think it’s refreshing to know an artist blew millions on putting on a good show.

    Better to go bankrupt doing what you love versus the Lohan crack addict way to blow millions…

  2. LOVE ANGELINA says:

    Ugh Its from the Daily Mail not sure how much I buy what they are selling but I love Lady Gaga and I am super happy for her. I do wonder how Gaga paid for her outfits but I always figured the label may have helped but I am sure thats not the case. The designers were generous and made them for free which they may do NOW not then. Maybe this story isn’t complete buck and she lost all her money buying her outfits, I just don’t believe that. I do think that her outfits were totally worth it and they contributed into making LG a huge star. So more power to her.

    Oh I totally love Born This Way and Judas wasn’t my favorite at first but its grown on me.

  3. Ari says:

    Sad to say but after watching that doc on her on MTV I am starting to like her more and more especially after reading the pizza bit

  4. jc126 says:

    I read she has like 26 tour buses – completely ridiculous and over the top, as are the stupid costumes. Why don’t people let the music stand on its own?

  5. GradStudentEatingHotPockets says:

    It’s admirable that she does a lot for her fans and her family and her friends…you can tell that deep down, underneath all the craziness (maybe coke), that Lady Gaga really, truly appreciates her fans. That’s awesome.

    However she should watch her money…or at least be more involved with knowing if she’s broke or not ha. What happens if all her fame were to go away and she wasn’t popular anymore? That would be devastating to not have one cent to your name after all that hard work. So hopefully she will at least put away some money so she won’t be a starving artist again!

  6. gabs says:

    @jc126: Because sometimes people want a show! They want theatricality like what Michael jackson and Madonna gave us! Extravagant Pop shows are sort of a fun fantasy get-away from your life. There are artists that let the music stand on its own, like Adele. Diversity is good. Chill.

    Anyways…

    I love her after listening to the full stephen fry interview. Shes a lot smarter than I thought and she buys her fans hot chocolate and pizza, I really do believe her when she says she loves her fans. I dont believe that about other popstars who say that for some reason. She does put on a great show and you have to spend money to make money. The bubble dress is still my all time favorite GaGa look. I think she spends more on all those customized pianos than the wardrobe. Ive never seen her play the same piano twice lol. Unicorn piano, bubble piano, etc..

  7. June says:

    She really has gorgeous legs!! (bubble get-up)

  8. Roma says:

    Coke is expensive, even when you’re famous.

  9. RHONYC says:

    @ June

    right?!

    you can see especially in those old photos (loved her old nose, too) she’s got a smokin’ hot lil’ bod.

    i miss that disco stick *tears*. πŸ˜‰

    @ LOVE ANGELINA

    i am OBSESSED with ‘Heavy Metal Lover’! it’s got that bitchy sass like ‘I Like It Rough’…also ‘Electric Chapel’ has that badass 80’s guitar in it. reminds me of Billy Idol. so fuggin’ hot! πŸ˜‰

  10. Eleonor says:

    Well Lady Gaga bought pizza for her fans, U2 did the same, with the difference that they personally served Pizzas to their fans waiting outside the Olimpico, in Italy some time ago.
    http://www.youtube.com/watch?v=N_P68B0PmQ4&feature=related

  11. LOVE ANGELINA says:

    @RHONYC Oh yes I love Heavy Metal Lover, I love Scheibe, Bloody Mary, Highway Unicorn, Judas, Electric Chapel was an instant fave like I only had to listen to it once to love it.

  12. Jackson says:

    And everyone at Home Depot and the Dollar Store are happy to have her money. Seriously, if she can’t put those outfits together for less than $100 each she is doing something very, very wrong.

  13. Trillion says:

    I’m psychic cuz I just got done listening to Heavy Metal Lover like 3 times in a row. On to The Sounds now. Great way to start the day. Gaga adds color (literally, figuratively)to the world, along with kickass songs and production. Nearly always love her.

  14. Amanda G says:

    I bought the album on iTunes. There are probably 5 songs that are fantastic (You and I is my favorite), 4 that are “good” and the rest are kinda crap IMO. I would say the The Fame Monster was better. I am happy that she sold over a million though. She’s not just a fad ya’ll. She does have a big fan base and the talent to back it up.

  15. Katie says:

    It was wise of her to spend money on her outfits b/c that is what has set her apart and given the career that she has. She is a good singer and a decent songwriter, but the costumes are what really got people talking about her.

  16. Quest says:

    At least she blew her money on entertaining the fans not like some celebs that blow it on their own vices.

  17. Kim says:

    I thought her costumes were self made? They look cheap and home made. I cant believe they cost alot of money?? They look like they were whipped up in the dressing room with whatever was lying around.

  18. RHONYC says:

    @ LOVE ANGELINA

    you my dog! i am mad about those along with ‘Marry the Night’ & i told you already about the bawdy ‘Gov’t Hooker’. lol

    & @ Amanda G

    doesn’t ‘You and I’ have a very Mellencamp / Springsteen vibe? i love how a female artist was able to capture that classic Americana rock sound. πŸ˜‰

  19. jover says:

    Sorry, not buying this corporate product; anyone that has read her bio realizes how much of a marketing creation she is- check the pre-gaga vids on youtube to now; total marketing driven makeover. She embraces facile political “stances” she sounds like any teenager yakking about things she doesn’t understand prompted by her pr people, she uses all the techniques of market capitalism to sell her product – and be honest if music vids and youtube didn’t exist, would we even know about her? Yah, she’s real avant-garde and revolutionary my arse, you’re real avant-garde when you’re appearing on lame vehicles like Leno and Ellen. Please, she’s corporate and that’s why she goes on blah, blah, blah about “art.”

  20. Jackson says:

    To paraphrase Dolly Parton – It costs a lot of money to look this cheap.

  21. jay says:

    @Jackson
    or, in the case of Ab Fab:
    “It’s all shit.”
    “That is expensive shit!”

  22. Pete says:

    Didn’t Hugh Jackman spring for pizza for his fans in Sydney some time ago?

  23. Aly says:

    She shouldn’t have to pay for her costumes or wardrobe. Artist should be lining up begging for her to wear them. She could launch so many designers careers.

  24. gigi3 says:

    She’s so phony and everyone is buying it. Well, almost everyone.

  25. Butch says:

    I second Kristin. I love Gagastan. She’s a fantastic spectacle, but it’s weird that I don’t love her music.

  26. glowkey says:

    Wow, I would’ve thought various designers would’ve been clamoring to give her all their weirdest stuff for free, just so when everyone is all, “Whoa! Did you see what she wore to that event?” it’s an instant boost for the person who put it all together.

  27. Dizzybenny says:

    how much money did she spend on clothes?and how much money did she spend in what she put in her nose?

  28. Charlotte says:

    I don’t like her music or her “talents”, but I have to say I melted a little when I read the bit about her buying pizza for fans who stand in line, and when she said she wasn’t aware of how poor she was. It takes a really comfortable person to admit to how stupid they are with their own money. Bravo!

  29. . . . I totally want to see the diamond-encrusted lobster again.

  30. DesertReal says:

    To quote the late great Rick James: Cocaine is a hell of a drug. Well, that

  31. DesertReal says:

    Besides, how much could fabrics, vinyl, glitter, leather,

  32. Luci says:

    “she buys pizza for her fans while they wait in line to buy her tickets (who else does that?)”
    Mariah Carey. I have a friend who’s a mariah carey fan/loonie and he told me she buys breaksfast for her fans regularly. Apparently she’s supernice

    Love Gaga by the way πŸ™‚

  33. Scarlet Vixen says:

    3 million buck in debt, huh? I guess that explains all the running around in her drawers–she just couldn’t afford to buy pants.

    And I hate the whole, “I’m massively in debt because momey just isn’t important to me” excuse. Be responsible for Pete’s sake. Does that work for us schlubs? Can I go to my bank and say, “Sorry I stopped paying my mortgage payments. I didn’t realize I was spending irresponsibly because money just isn’t important to me. *giggle* We’re cool tho, right? I’ll get ya back, yo! Well, I’m off clothes-shopping! A girl’s gotta look fabulous…”

  34. DanDan says:

    Lady CaCa…sheΒ΄s so gross.

  35. claud says:

    I don’t believe she went bankrupt for spending millions on clothes. Sure, some of it must have been incredibly expensive but designers are always scrambling to give away free clothing to boost up their status. Mariah Carey, for example, has over 2,000 pairs of shoes. Most of them were given to her from designers since she said she doesn’t have time to shop. Same goes for her jewlery and her clothing. If you watch her in interviews, someone will compliment her on her ring or whatever and she’ll say it was a gift from this great designer, blah blah blah or a gift from a fan. Mariah takes care of her money because she came from NO money. She buys lavish gifts for herself and for her family and friends from time to time, but she’s pretty cautious about spending (that is, until she got married. Nick seems to be more of a spender than MC). And the whole “I’m so humble,I take care of my fans” may be true, but she’s not the only one. MC bought pizza for fans in Italy back in 2003, plus she has done other amazing things that no one talks about because she never went out in public and was like “look what I did for all my poor people!” I mean, come on! Every Christmas for ten years she would bring needy children from Denver to spend the holidays in Aspen with games and fun, and then she comes and brings them presents with Santa. No one knew about this until last year… and she had been doing it for 10!