Posts by Zack O'Malley Greenburg, Forbes Staff
- Zack O'Malley Greenburg, Forbes Staff at Stop The Presses! (NEW)8 mths ago
FORBES released its annual Billionaires issue earlier this month, and the list features plenty of new faces (Tory Burch, Renzo Rosso) alongside the usual suspects (Bill Gates, Warren Buffett).
There are plenty of entertainment moguls on the list (David Geffen, Oprah Winfrey), but there aren’t any billionaires who’ve gained their wealth by working as a musician or actor. Not Diddy or Jay-Z, not Brad Pitt or Angelina Jolie—and not Madonna.
Yet earlier this week, the blogosphere exploded with declarations that the Material Girl had ascended to billionaire status. Most of the stories erroneously cited a WWD story as the source of this revelation (representatives from the publication confirm that no such piece exists), probably because of a New York Post item that initially linked to WWD before shifting its attribution to another site.
There’s a reason Madonna isn’t on our Billionaires list: simply put, she’s not a billionaire.