Adele is the best-selling artist around right now, garnering a ridiculous amount of sales from the release of her 21 and 25 albums. Both of those albums were released via independent label XL Recordings, but now that her contract with the legendary label is up, pretty much all of the record industry is looking to snap her up. The Guardian is reporting that a deal has already been reached between her and Sony, with £90 million ($130 million) exchanging hands for the deal.
Sony, who own the title of the world’s second-largest record label, have effectively doubled her net worth following the reported deal. Last month it was reported that Adele was officially the richest ever female musician to come from the UK, with a net worth of £85 million, or $121 million. If the deal with Sony has indeed taken place, then her net worth will have rose to £175 million, which is approximately $253 million.
A source tells Guardian that the deal was done through Sony’s US label Columbia, and it’ll give “Sony the rights to release her future music exclusively around the world.” The contract is the most expensive record contract for a woman since Whitney Houston’s deal with Arista in 2001, which came to £70 million.