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Shakira Net Worth 2022 – Breakup and Tax Fraud Claims Explained

Shakira Net Worth 2022 – Breakup and Tax Fraud Claims Explained

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Shakira Net Worth 2022 – Breakup and Tax Fraud Claims Explained

Shakira is expected to go to court in Spain in the near future, where prosecutors have accused her of committing tax fraud.

The “Hips Don’t Lie” singer has refuted the charges and plans to go to trial to defend herself, according to Reuters. A Shakira publicist told E! News that the singer is “sure that her innocence will be proven at the end of the judicial process”.

"Shakira Net Worth 2022 – Breakup and Tax Fraud Claims Explained"
Shakira Net Worth 2022 – Breakup and Tax Fraud Claims Explained

Shakira “has always cooperated and complied with the law, demonstrating impeccable conduct as an individual and as a taxpayer, and faithfully following the advice of PriceWaterhouse Coopers, a prestigious and globally recognized tax firm,” the representative said, before throwing something shadow the Spanish authorities. . The Spanish Tax Agency “continues to violate their rights,” said the representative, before calling the case “unfounded”.

Prosecutors claim the singer failed to pay the Spanish government some $15 million in taxes between 2012 and 2014, according to Reuters. With a (possible) tax bill that high, it means she earned a lot more than that.

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So what is Shakira’s net worth in 2022? Here’s a look at how she’s earned her money.

How come Shakira is so rich?

Shakira has been a big name in music since the mid-’90s and early 2000s. She has produced many hits (“Whenever, Wherever”, “Hips Don’t Lie”, “Underneath Your Clothes”), she has performed a lot of touring and has served as a coach on The Voice.

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Shakira is worth $300 million, according to Celebrity Net Worth.

The beginning of the case Treasury vs. Shakira:

In December 2018, the Barcelona Prosecutor’s Office said in a complaint filed against the Colombian artist that the singer did not submit the liquidation of the Personal Income Tax (IRPF) and Wealth Tax (IP) corresponding to 2012, 2013, and 2014.

This caused economic damage to the Public Treasury of 12.3 million for personal income tax and 2.19 million for wealth tax, in this case to the Agència Tributària de Catalunya.

Shakira said at that time that between 2012, 2013, and 2014 she did not reside in Spanish territory and that for this reason she had not carried out any activity or received any income in Spain.

Shakira “evaded” taxes, says the Prosecutor’s Office:

According to the document presented in 2018, which was accessed by CNN at the time, the artist “used a corporate structure to avoid taxation of the income received from her professional activity and her image rights” (Page 3). These companies that were part of the business network are located in places such as the British Virgin Islands, the Netherlands, Panama, and Luxembourg.

“There is no debt,” says Shakira:

In February 2019, the Superior Court of Justice of Catalonia summoned Shakira to testify in the case of fraud against the Treasury, on June 12, 2019.

After appearing in court in Barcelona, ​​​​her communications agency said in a statement that the singer “has complied at all times, including in the period between 2011 and 2014, with her tax obligations in all those countries in which she has worked (including the US) and does not owe any amount to the Spanish Treasury,” said Llorente y Cuenca.

Shakira’s representative agency said that before the lawsuit was filed in 2018, “Shakira proceeded to pay the amount in full, in addition to providing exhaustive information to the Treasury. Therefore, there is currently no debt,” the communication adds.

Her career skyrocketed, with album sales racking up money:

Shakira signed with Sony Music when she was 13 years old and her first albums were released in her native Columbia, according to her website. She broke into the English-speaking market in the early 2000s with her album Laundry Service and “Hips Don’t Lie” became a huge hit in 2005.

She created the song “Waka Waka” for the World Cup in 2010, which is the best-selling World Cup song of all time, according to Variety. Oh! And she has won three Grammy Awards, TYVM.

He has sold more than 100 million albums worldwide, Variety says, and his El Dorado World Tour in 2018 earned $75 million, per EW.

She sold his music catalog in 2021:

Shakira sold her music publishing rights in 2021. People note that the catalog sale price hasn’t been revealed, but you can bet it was in the mega-millions.

The singer earned a hefty salary at The Voice.

Shakira was a coach on seasons four and six of The Voice. She earned $12 million per season, according to The Hollywood Reporter. The singer earned $12 million per season on “The Voice.”

She owns real estate all over the world.

Shakira has many houses, including a nearly 21,000-foot mansion in Miami that went up for sale last year. She also owns properties in Barcelona, ​​Uruguay, and a private island in the Bahamas, according to LoveProperty.com.

Who is worth more, Shakira or her ex Piqué?

Shakira’s former partner, soccer star Gerard Pique, is worth $80 million, according to The Evening Standard. (She’s worth more, by the way.)

How does your separation affect your net worth?

It is not clear. Both Shakira and Pique are doing well on the money front, so it is unlikely that they will try to get funding from each other. They also never married, so their individual wealth should stay with each of them.

Shakira’s house theme:

In this scenario, it’s important to know Shakira’s address. The Spanish tax statute states that everyone who stays in Spain for at least six months and one day (or 183 days) in a calendar year is required to pay taxes in Spain.

And according to Judge Marco Jesus Juberias, who brought the complaint, the Colombian was liable for paying taxes in Spain because she spent more than 200 days there in each of the three years at issue (2012, 2013, and 2014).

The definition of “primary residence” has been a point of contention in the investigation thus far, according to Juberias in 2021. Shakira’s legal team and Spain’s tax department.

According to Spanish media, Shakira’s legal team claimed that during the relevant years, the singer spent most of her time in the Bahamas. However, local media also said that she and her two children’s father, former FC Barcelona soccer defender Gerard Piqué, who was her then-partner de Ella, own a home in the Barcelona region. Barcelona has served as Shakira’s official residence since 2015.

Shakira will go to trial:

In July 2021, the prosecution and the singer did not reach an agreement. So a judge in a court near Barcelona ruled that the Colombian singer could stand trial for an alleged 14.5 million euro ($17 million) tax evasion in Spain, saying there is “enough evidence” to hold a trial.

According to a statement released by the singer’s public relations team: “Shakira and her team consider that this case constitutes a total violation of her rights since she has always shown impeccable behavior, as a person and taxpayer, and a total willingness to resolve any disagreements early on, even before the criminal process.

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