Gisele Bundchen News Update: Gisele Bundchen was the subject of an Internal Revenue Service (IRS) audit after she topped Forbes' List of Richest Supermodels in the World for the past seven years.
According to Forbes, Bundchen has earned as much as $42 million for 2013 alone. Her endorsements had allegedly dropped the same year. Bundchen has replaced Beyonce to become the new face of H&M. She also replaces Rihanna and Kate Moss to catch the endorsement deals from Chanel and David Yurman.
Forbes estimated that Bündchen, who recently put her home on the market with for a reported $50 million, cashed in $42 million in earnings from June 2012 to June 2013. That's a measly $3 million dip from her total the year prior. In 2009, she topped our list of highest-paid models, cashing in $25 million in part due to her successful partnership with Brazilian footwear company Grendene.
The 33-year old supermodel revealed to MdeMulher, a Brazilian online publication her sentiments on being audited by IRS. She said, "It's sad, because the people who write these things don't have my bank account details. I do OK, I earn plenty, but not as much as they say. I've already been audited by the IRS because of this list and, truthfully, whether I'm on this list or not doesn't interest me."
As quoted from Forbes, "But you don't have to know the difference between Proenza and Prada to hazard an intelligent guess about Bündchen's annual earnings. With an extensive list of multi-year contracts with Pantene Pro-V, H&M , Chanel,Louis Vuitton and Oral-B - we predict the numbers are huge.
The IRS news won't entirely damper the branding queen's 2014 career though. As Brazil's retail sector skyrockets, the supermodel will only be raking in more royalties. This year in Sao Paulo, the former Angel will team up with lingerie maker - and Victoria's Secret rival - Hope to open the first Gisele Bundchen Intimate store.
In addition to Bündchen's still-successful partnership with footwear company Grendene, her luscious locks recently earned her a title as one of Pantene's U.S. brand ambassadors."
"There should be a magazine to quantify knowledge, understanding and love for people: that is power," the supermodel mom told MdeMulher that she wants to make it clear that money isn't on her priority list.
Bundchen was pretty used to being assessed by the IRS because she has been already audited before International Business Times stated.
A report by the Daily Mail reveals that the IRS audit on Bundchen's wealth didn't turn up anything, and that Forbes had reportedly appraised her riches and wealth incorrectly.
