Jojo Siwa is a dancer, singer, actor, model, and reality television star from the United States. Jojo Siwa has a net worth of $20 million as of this writing. Siwa began performing on “Dance Moms” after becoming famous on “Abby’s Ultimate Dance Competition.” JoJo’s actual success came when she established herself on YouTube, despite the fact that reality TV helped put her on the map. Many of her videos have received hundreds of millions of views, and as of 2020, she has about 12 million members. She has been called one of the world’s most powerful persons.
Joelle Joanie Siwa was born in Omaha, Nebraska on May 19, 2003. Following a tour in 2018, JoJo began singing to sold-out venues after growing to fame with YouTube music videos such as “Boomerang” and “I Can Make U Dance.”
This tour began with 52 stops in the United States and Canada and then expanded to include stops in the United Kingdom and Australia.
JoJo Siwa Bow Tie Sales
Because she is said to have sold 40 million bow ribbons, many of JoJo’s followers believe her net worth is much more than our current estimate. Despite the fact that this figure has not been independently verified or published in a business magazine, she is clearly making a lot of money from product sales. However, even if the 40 million figure is right, it does not necessarily imply that JoJo is making “hundreds of millions” from the sales.
In the case of a celebrity product line, the celebrity is frequently paid only once a specified sales milestone has been met and all production and marketing costs have been recovered. If JoJo has truly sold 40 million ribbons, it’s safe to assume that this kind of milestone has already been attained. This indicates that she is receiving a portion of the revenues.
We estimate that each sale earns $2.5 in net profit based on the industry average cost per good sold on a $9 bow. Based on previous celebrity endorsement arrangements, JoJo would be lucky to collect 20% of profits once expenses are deducted. That works out to $0.54 per sale before taxes. If JoJo sold 40 million bow ribbons, she’d have to sell another 10 million to cover her costs. This would leave her with $16 million in pre-tax earnings. Let’s say it’s $8 million after taxes.
Based on these estimates, it’s evident that JoJo is making a significant amount of money only from product sales. Also, remember that whatever net worth figure you see on our site is after taxes. To have a net worth of $14 million, someone would need to make $25-30 million before taxes and other expenses. If JoJo maintains her current level of popularity, she will undoubtedly be worth $50-100 million one day.
Purchasing Real Estate
In February 2020, JoJo paid $3.5 million for a home in Tarzana, California, a Los Angeles suburb. She was 16 at the time, yet she had more money than most people earn in a lifetime. Siwa’s new home was promptly announced on her YouTube channel, and her devoted followers were given a tour.
The Mediterranean-style home has 6,000 square feet of living area, which is plenty of room for JoJo’s entire family. This young YouTuber will be living comfortably for years to come, thanks to marble floors, fireplaces, a gourmet kitchen, French doors, and many other indoor features. A swimming pool and a sports court are located outside.
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