Lady Gaga admits bankruptcy during early career

17 March 2014 / 2 years 7 months ago

Lady Gaga has revealed she was bankrupt during her 'Monster's Ball' tour.

The 'Applause' singer admits she suffered financial difficulty after she invested her entire $3 million dollar fortune into staging at her concerts in a bid to launch her pop career back in 2009.

Gaga revealed: "I had $3 million dollars in the bank to my name and I threw it all in to make my stage. So I was bankrupt during the show."

The comments come as part of a trailer for documentary, 'Who The F**k Is Arthur Fogel?', a film which follows the Live Nation executive who Gaga was keen to help take her career to the next level.

She added: "I said, 'Just let me do this'. 'Let me just put it on the stage because I think if I can do this I can get Arthur Fogel's attention'. And I did. I remember he called me and he said, 'We want to do this', And he got Live Nation to write me a $40 million check. It changed my life and the life of my whole family."

Meanwhile, Gaga came under fire for questionable spending through her Born This Way Foundation after accusations $1.85 million were used on expenses while only $5,000 was reportedly donated as a grant.

The star's mother, Cynthia Germanotta, was forced to defend the charity of which she is president. 

In a statement she said: Every dollar spent, directly serves Born This Way Foundation's core mission of empowering youth."

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