JoJo Siwa Net Worth – $20 Million
JoJo Siwa is a reality television celebrity and an American dancer, singer, actor, and model. JoJo Siwa’s net worth is $20 million at the time of writing. Siwa began starring in “Dance Moms” after becoming famous from the show “Abby’s Ultimate Dance Competition.” JoJo’s true success came when she established herself on YouTube, despite the fact that reality TV helped put her on the map. Many of her videos have been seen hundreds of millions of times, and as of 2020, she has about 12 million members. She has been recognized as one of the world’s most powerful persons.
In Omaha, Nebraska, Joelle Joanie Siwa was born on May 19, 2003. Following a tour in 2018, JoJo began singing to sold-out venues after growing to fame with YouTube music videos including “Boomerang” and “I Can Make U Dance.” This tour began in 52 locations across the United States and Canada, and it was subsequently expanded to include cities across the United Kingdom and Australia.
Bow Tie Sales JoJo Siwa
Because she has supposedly sold 40 million bow ribbons, many of JoJo’s followers believe her net worth is far more than our current estimate. Despite the fact that this figure has not been independently validated or published in a business magazine, she is clearly profiting handsomely from product sales. Even if the 40 million figure was accurate, that doesn’t mean JoJo is getting “hundreds of millions” from the sales.
In the case of a celebrity product line, the celebrity is usually compensated only after manufacturing and marketing costs have been recovered. If JoJo has truly sold 40 million ribbons, this type of milestone has clearly been attained and surpassed. This indicates that she does, in fact, receive a cut of the earnings.
We conservatively estimate that each sale yields $2.5 in net profit based on the industry average cost per product sold on a $9 bow. Based on previous celebrity endorsement deals, JoJo would be lucky to collect 20% of income after expenses. Pre-tax works out to $0.54 for each sale. If JoJo sold 40 million bow ribbons, she’d have to sell another 10 million to cover her expenses.
JoJo spent $3.5 million buying a property in Tarzana, California, a Los Angeles suburb, in February 2020. She was 16 at the time and had more money than most people make in a lifetime. Siwa’s new home was promptly disclosed on her YouTube channel, and her adoring followers were given a tour of the property.
The Mediterranean-style home has 6,000 square feet of livable area, which is enough for JoJo and her entire family. Marble flooring, fireplaces, a gourmet kitchen, French doors, and a plethora of other interior amenities ensure that this young YouTuber will be able to live happily for many years to come. A swimming pool and a sports court are available on the premises.