360° Coverage : Gisele Audited By IRS; Says It's Forbes' Fault: '...

2 Updates
Gisele Audited By IRS; Says It's Forbes' Fault: 'I Earn Plenty, But Not As Much As They Say'
Photo Credit: Forbes Business

Gisele Audited By IRS; Says It's Forbes' Fault: 'I Earn Plenty, But Not As Much As They Say'

Apr 11 2014, 1:52pm CDT | by

It’s tough out there…for the world’s highest-paid supermodel. Gisele Bündchen, who has led the pack on our annual list (for seven years running), is the latest victim to be stung by the IRS....

Filed under: news

 
 
 

20 weeks ago

Gisele Audited By IRS; Says It's Forbes' Fault: 'I Earn Plenty, But Not As Much As They Say'

Apr 11 2014, 1:52pm CDT | by

It’s tough out there…for the world’s highest-paid supermodel. Gisele Bündchen, who has led the pack on our annual list (for seven years running), is the latest victim to be stung by the IRS. And according to the Brazilian celebrity, she has FORBES to thank.

“It’s sad, because the people who write these things don’t have my bank account details,” the 33-year old supermodel revealed to MdeMulher, a Brazilian online publication.  ”I do OK, I earn plenty, but not as much as they say. I’ve already been audited by the IRS because of this list and, truthfully, whether I’m on this list or not doesn’t interest me.”

But you don’t have to know the difference between Proenza and Prada to hazard an intelligent guess about Bündchen’s annual earnings. With an extensive list of multi-year contracts with Pantene Pro-V, H&M, Chanel, Louis Vuitton and Oral-B — we predict the numbers are huge.

FORBES estimated that Bündchen, who recently put her home on the market with for a reported $50 million, cashed in $42 million in earnings from June 2012 to June 2013. That’s a measly $3 million dip from her total the year prior.  In 2009, she landed No. 1 on our list of highest-paid models, cashing in $25 million in part due to her successful partnership with  Brazilian footwear company Grendene.

(Readers be reminded that our earnings estimates are based on editorial shoots, independent licensing ventures, spokesperson gigs and contracts from beauty and fashion companies.)

The IRS news won’t entirely damper the branding queen’s 2014, though. As Brazil’s retail sector skyrockets, the supermodel will only be raking in more royalties. This year in Sao Paulo, the former Angel will team up with lingerie maker — and Victoria’s Secret rival — Hope to open the first Gisele Bundchen Intimates store.

In addition to Bündchen’s still-successful partnership with footwear company Grendene, her luscious locks recently earned her a title as one of Pantene’s U.S. brand ambassadors.

But the supermodel mom wants to make it clear that money isn’t on her priority list: ”This is what I value: are my children educated, is my husband happy, are people feeling positive energy from me?” she told MdeMulher. “There should be a magazine to quantify knowledge, understanding and love for people: that is power.”

Great news, Gisele: We do that, too! It’s called the Power Women listand you’re No. 95.

Follow me on Twitter @vannamle.

Also on Forbes:

The World's Highest-Paid Models Of 2013

 
Update
2

2 days ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (Ne ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

3 days ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedies o ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Now, 'electronic nose' to detect diarrhoea
London, Sep 1 (IANS) In what could lead to faster diagnosis of diarrhoea and stomach cramps, researchers have developed an "electronic nose" that can sniff the highly infectious bacteria that causes these diseases.
 
 
Japan has committed $35-bn investment in India: Modi
Tokyo, Sep 1 (IANS) Prime Minister Narendra Modi Monday signalled a new era of ties with Japan and welcomed the commitment made by his host and Japanese counterpart Shinzo Abe to invest $35 billion in India over the next five years.
 
 
New blood test to reliably detect TB
London, Sep 1 (IANS) A new blood test has been developed to provide a fast and accurate tool to diagnose tuberculosis in children.
 
 
Japan announces 3.5 trillion yen investment to India
Tokyo, Sep 1 (IANS) Japan Monday announced public-private investment of 3.5 trillion yen (Rs.2.03 trillion) in India.
 
 
 

Latest from the Network

Double podium for Reddy in Formula Renault
Snetterton (England), Sep 1 (IANS) Young Indian driver Tarun Reddy achieved his best racing weekend with a double podium finish in the UK Formula Renault Championship by finishing second, third and fourth here. The 16...
Read more on Sport Balla
 
IS committing crimes against humanity in Iraq: UN
Geneva, Sep 1 (IANS/EFE) Violence carried out by militants of the Islamic State (IS) Sunni extremist organisation in Iraq, including murders, executions, abduction, sexual violence and torture, amount to crimes against...
Read more on Politics Balla
 
Iran vows to free Al-Aqsa mosque from Israel
Tehran, Sep 1 (IANS) Iran's President Hassan Rouhani Monday vowed to liberate the Al-Aqsa mosque in the old city of Jerusalem from the Israeli forces and spare no efforts to help the Palestinian people, state-owned...
Read more on Politics Balla
 
200,000 Indians granted Saudi visas in one month
Riyadh, Sep 1 (IANS) More than 200,000 Indians, mostly domestic helpers and labourers, were granted visas by Saudi authorities in one month, an official said Monday. "Since we resumed bringing in Indian workers at the...
Read more on Politics Balla
 
Number of SAARC regional centres to be slashed
Kathmandu, Sep 1 (IANS) SAARC member states have agreed to bring down the number of the association's regional centres from 11 to five in order to end the duplication of work and to reduce expenditure. A meeting of...
Read more on Politics Balla
 
Now, 'electronic nose' to detect diarrhoea
London, Sep 1 (IANS) In what could lead to faster diagnosis of diarrhoea and stomach cramps, researchers have developed an "electronic nose" that can sniff the highly infectious bacteria that causes these diseases....
Read more on Business Balla
 
Japan has committed $35-bn investment in India: Modi
Tokyo, Sep 1 (IANS) Prime Minister Narendra Modi Monday signalled a new era of ties with Japan and welcomed the commitment made by his host and Japanese counterpart Shinzo Abe to invest $35 billion in India over the...
Read more on Politics Balla
 
Indian in UAE unable to pay bills, hospital says go home
Abu Dhabi, Sep 1 (IANS) An uninsured Indian man has run up more than $160,000 in medical bills after he suffered a brain haemorrhage and spent about six months in an Abu Dhabi hospital, a media report said. The...
Read more on Politics Balla
 
Abe wants 'special strategic' ties with India
Tokyo, Sep 1 (IANS) Japanese Prime Minister Shinzo Abe Monday said ties with India should be elevated to a "special strategic partnership". "We have to fundamentally improve our ties in every field to elevate our...
Read more on Politics Balla
 
New blood test to reliably detect TB
London, Sep 1 (IANS) A new blood test has been developed to provide a fast and accurate tool to diagnose tuberculosis in children. About one million children develop tuberculosis (TB) globally each year but detecting...
Read more on Business Balla