With an estimated net worth of $125 million, Katy Perry was unable to make Forbes list of America's Richest Self-Made Women of 2016. The "Firework" singer previously graced the cover of the magazine in 2015, as she was named the third highest paid entertainer, only behind boxers Floyd Mayweather and Manny Pacquiao.
According to Forbes, Katy Perry's net worth is slowly creeping up the $250 million minimum amount needed to be included in 2016 America's Richest Self-Made Women list.
Other celebrities who made Forbes' 60 Richest Self-Made Women were Taylor Swift (No. 60), Danielle Steel (No. 48), Jessica Alba (No. 42), Barbra Streisand (No. 38) and Celine Dion (No. 37).
In order to make the list, they had to have a minimum net worth of $250 million. For entertainers, Forbes reportedly based estimates on the individual's net lifetime earnings, including real estate, art, and other assets, whenever applicable.
In November, Forbes hailed Katy Perry as the world's highest-paid woman in music. She earned $135 million in 2015, followed by Taylor Swift, who pulled in $80 million. The publication credited Perry's Prismatic World Tour, with the increase of her net worth. She reportedly earned over $2 million per city over the course of 126 shows, with her merchandise selling an average of $20 per attendee. Her 2012 documentary, Part of Me, also helped bring in the big bucks, as it grossed $33 million with just a $6 million production budget.
"One thing I've been able to do is know the power of having equity deals. I don't ever like to do things unless I'm really a part of them," she explained.
In February, Katy Perry admitted that it might take a while before fans get to see a new album. Speaking to The New York Times, she shared that being in the spotlight for almost ten years, has taken a toll on her.
"I'm in the research and development phase. I've been going at it for eight or nine years in the spotlight, and then before that there's that decade of hustle that never gets recognized but still shows up in your wrinkles. So right now I'm taking a little time. I don't want to jump on any trends. I just need to evolve."
"I know that might sound a little sassy, but all I want to do is stay true to myself and dig deep to pull out some of the messages or perspectives that I have on the world."