3:03 pm - 11/20/2011
How does the biggest pop star on the planet reward herself after she’s spent the past year touring the world, performing for President Bill Clinton, opening her own boutique in Barneys, releasing a high-fashion picture book, and prepping for her appearance on “Dick Clark’s New Year’s Rockin’ Eve”?
If you’re Lady Gaga, you go home to Mom and Dad’s and curl up in your childhood bedroom on the Upper West Side — which is what she plans to do this holiday weekend as her ABC variety special, “A Very Gaga Thanksgiving,” premieres Thursday night.
“She still doesn’t have her own place in the city,” one longtime friend tells The Post. “She and her family are very tight.
It’s her great paradox: At 25, Lady Gaga may be the most avant-garde performer of the last decade, a self-anointed Queen of the Freaks who reinvents herself with whipsaw rigor, yet she remains very much a nice Catholic girl who is most comfortable with 19-year-old sister Natali, mom Cynthia and dad Joe — who takes an unprecedented 50 percent of her earnings under their LLCs, Team Love Child and Mermaid Music.
She’s also bought a restaurant, one of her dad’s favorites on the Upper West Side. Formerly known as Vince & Eddie’s, it’s been renamed Joanne after his late sister. Celebrity chef Art Smith, who appears on Gaga’s Thanksgiving special, is at the helm.
But it’s the 50/50 split between Gaga and her father that’s most unusual. There’s only one other of its kind in the history of the music industry — between Elvis and Col. Tom Parker.
“There’s really no justifiable sense to doing a 50/50 deal with anyone in your career, other than someone you’re partners in a band with,” says Josh Grier, an entertainment lawyer who represents Wilco and Elvis Costello, among others. “Certainly no artist entering a management deal does anything close to that — a commission is usually 15 to 20 percent.
That said, it’s quite possible that Lady Gaga, born Stefani Germanotta, believes her father has earned his share of her fortune, even though her success has allowed him to realize a lifelong dream: He now works in the industry, managing aspiring artists. Yet she likely sees this as further evidence of how similar they are; her adoration is unconditional. In January 2010, she told Elle magazine, “I’m married to my dad,” and that September, she told Vanity Fair, “I’m happier than I’ve ever been. I’ve been in my father’s arms for two weeks, wishing [him] a Happy Father’s Day.”
In the majority of her interviews, her father is — aside from herself — the most dominant character. Though Gaga has given alternate versions of her decision to quit using cocaine in 2007, in the most consistent one is Joe Germanotta coolly assessed his daughter’s downward trajectory with one devastating line: “He looked at me one day and said, ‘You’re f--kin’ up, kid,’ ” she said.
I'm sorry but fxck the haters who say she's all about the money. Clearly if she is "all about the money," she's focused on earning money for a good reason, her family. Your faves would never, and your faves never have tbh.
SOURCE
Lady Gaga Gives Whopping 50% of Income to Her Father
How does the biggest pop star on the planet reward herself after she’s spent the past year touring the world, performing for President Bill Clinton, opening her own boutique in Barneys, releasing a high-fashion picture book, and prepping for her appearance on “Dick Clark’s New Year’s Rockin’ Eve”?
If you’re Lady Gaga, you go home to Mom and Dad’s and curl up in your childhood bedroom on the Upper West Side — which is what she plans to do this holiday weekend as her ABC variety special, “A Very Gaga Thanksgiving,” premieres Thursday night.
“She still doesn’t have her own place in the city,” one longtime friend tells The Post. “She and her family are very tight.
It’s her great paradox: At 25, Lady Gaga may be the most avant-garde performer of the last decade, a self-anointed Queen of the Freaks who reinvents herself with whipsaw rigor, yet she remains very much a nice Catholic girl who is most comfortable with 19-year-old sister Natali, mom Cynthia and dad Joe — who takes an unprecedented 50 percent of her earnings under their LLCs, Team Love Child and Mermaid Music.
She’s also bought a restaurant, one of her dad’s favorites on the Upper West Side. Formerly known as Vince & Eddie’s, it’s been renamed Joanne after his late sister. Celebrity chef Art Smith, who appears on Gaga’s Thanksgiving special, is at the helm.
But it’s the 50/50 split between Gaga and her father that’s most unusual. There’s only one other of its kind in the history of the music industry — between Elvis and Col. Tom Parker.
“There’s really no justifiable sense to doing a 50/50 deal with anyone in your career, other than someone you’re partners in a band with,” says Josh Grier, an entertainment lawyer who represents Wilco and Elvis Costello, among others. “Certainly no artist entering a management deal does anything close to that — a commission is usually 15 to 20 percent.
That said, it’s quite possible that Lady Gaga, born Stefani Germanotta, believes her father has earned his share of her fortune, even though her success has allowed him to realize a lifelong dream: He now works in the industry, managing aspiring artists. Yet she likely sees this as further evidence of how similar they are; her adoration is unconditional. In January 2010, she told Elle magazine, “I’m married to my dad,” and that September, she told Vanity Fair, “I’m happier than I’ve ever been. I’ve been in my father’s arms for two weeks, wishing [him] a Happy Father’s Day.”
In the majority of her interviews, her father is — aside from herself — the most dominant character. Though Gaga has given alternate versions of her decision to quit using cocaine in 2007, in the most consistent one is Joe Germanotta coolly assessed his daughter’s downward trajectory with one devastating line: “He looked at me one day and said, ‘You’re f--kin’ up, kid,’ ” she said.
I'm sorry but fxck the haters who say she's all about the money. Clearly if she is "all about the money," she's focused on earning money for a good reason, her family. Your faves would never, and your faves never have tbh.
SOURCE
i wouldn't know what i'd do if mine were all of a sudden that size
i'm not surprised at all, though, tbh
i mean, she buys pizza for her fans all the time. <3 LOVE THIS GIRL
i'm asian and my mom will be HAPPY to take any money from me once i am a pharmacist in 7 months, lol
im korean and i know exactly what you're talking about.
I'd probably buy my parents a nice car, take them out to dinner at swanky places on the regular, stuff like that - they would never accept straight up cash from me.
I'd give half to my parents and a quarter to my brother. This way I figure I'll take care of my loved ones and save money at the same time.... my parents are way more responsible with money than I am and I'll just inherit whatever they don't use (or anything they earn from my money) back anyway.
My parents would never take it if they knew it was from me, so I would have to form an LLC to claim the money, then make anonymous gifts to to them. My brother would have no problem taking my money, but he might not be able to keep my secret, so his would have to be anonymous too. And I'd probably have to make an anonymous gift to myself too, just so nothing looks suspicious.
Now I just have to remember to play Powerball.
I'd buy my dad cars and my mom jewellery because that seems like less of a 'hand out'.
Every celeb gives money to their parents its like the first thing they do so stop trying to start stuff
Madonna took heat a couple weeks ago when her brother ran to the press to whine that she wasn't funding his life and ONTD's hive mind decided it's standard protocol for a rich celeb to support their family financially.
i just don't want to be alone.
IA. she is such a sweet person and I think she seems completely sincere.
*clings*
i think she needs a bigger / more comfortable bed in her plane. can't put a price on good sleep (when she gets the rare opportunity)