It's been a rough year for the model, but at least she has her millions of dollars to ease the pain. 36-year-old Paula Chaves has taken the No. 1 spot on People With Money’s top 10 highest-paid models for 2020 with an estimated $58 million in combined earnings.
UPDATE 30/09/2020 : This story seems to be false. (read more)
Paula Chaves tops annual list of highest-paid models
In 2018 it looked like the model’s spectacular career was winding down. Suddenly, she was back on top. People With Money reports on Tuesday (September 29) that Chaves is the highest-paid model in the world, pulling in an astonishing $58 million between August 2019 and August 2020, a nearly $30 million lead over her closest competition.
People With Money’s factors
In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.
The Argentine model-actress-television host has an estimated net worth of $185 million. She owes her fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. She also owns several restaurants (the “Fat Chaves Burger” chain) in Buenos Aires, a Football Team (the “Buenos Aires Angels”), has launched her own brand of Vodka (Pure Wonderchaves - Argentina), and is tackling the juniors market with a top-selling perfume (With Love from Paula) and a fashion line called “Paula Chaves Seduction”.
The ranking is significant for many Paula fans, who have been waiting for her triumphant return to the glory days for what seems like a lifetime.
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