Wednesday, May 16, 2012

Forbes announces most powerful celeb - it's J-Lo

IT'S A world where Justin Bieber and Lady Gaga reign supreme, but this year an unlikely A-lister has trumped them all to be crowned Forbes' Most Powerful Celebrity.

Jennifer Lopez is the world's most powerful celebrity, according to Forbes magazine in a ranking based on a combination of earnings, press coverage and internet presence.

J-Lo headed the 100-strong list, up from 50th last year, while her American Idol colleague Ryan Seacrest was 29th.

Lady Gaga came in at number five, toppled from her top perch last year.

Television presenter Oprah Winfrey was second, followed by teen heart throb Justin Bieber, third and singer Rihanna, fourth.

Many on the list showed business acumen as well as stage talent, Forbes said.

For example, Bieber "is also a serious investor, with stakes in a dozen companies that appeal to his tech savvy, including a chunk of Spotify".

"Numerous celebrities are leveraging their fame to make early-stage investments or launch start-ups themselves," the magazine said.

The best example was J-Lo.

Her success as a judge on American Idol, a resurgence in marketing her music, and an attention-grabbing divorce from Marc Anthony, followed by lucrative product endorsement deals, have sent her financial star shooting.

"While she hasn't stormed Silicon Valley just yet, Jennifer Lopez is a state-of-the-art celebrity success story," Forbes said.

"With $US52 million ($52.47 million) in earnings over the last 12 months and a massive amount of fame, Lopez lands at number one on our Celebrity 100 list for the first time."

Overall, the earnings power of the top 100 dropped in 2012 to $US4.4 billion from $US4.5 billion.

Winfrey was still the most lucrative star, earning $US165 million, although that was well below her $US290 million haul last year.

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