LOS ANGELES, CALIFORNIA: Dua Lipa, the chart-topping sensation, broke away from her management company, TaP, in February 2022 and has since been managed by her father. according to the Daily Mail.
The 28-year-old singer is making waves in the music industry as she recently took a significant step towards securing her financial future.
This bold move could set her on a path to becoming the wealthiest British female pop star in history.
Dua Lipa's strategic journey to financial independence
Dua Lipa's journey to financial independence has been a strategic one. The singer, born in London to Kosovar-Albanian parents, has always had a strong entrepreneurial spirit.
In a significant power move, she has teamed up with her businessman father, Dukagjin, affectionately known as Dugi.
Months after announcing her departure from her former management company TaP, Dua Lipa and her father Dugi have established a new company called Radical 22 Publishing Limited. This company is aimed at overseeing and managing all of Dua Lipa's commercial assets.
The private limited company received its certificate of incorporation on August 29, 2023, and Dua and her father have been listed as its Directors.
A source claimed, "Dua wants to take back control of her career and Dugi is very hands-on," in a conversation with The Sun.
At the age of 28, she acquired the rights to her publishing catalog and initiated a fresh business maneuver.
"He felt like she was giving away too high a percentage of her earnings, and after becoming her manager he felt the next logical step was to come in as an official business partner," the source further claimed.
This venture is a clear indicator of Dua's commitment to regaining control of her career and financial future.
The decision to work with her father may draw comparisons to the Taylor Swift-Scooter Braun controversy.
In Taylor Swift's case, the pop superstar expressed her dissatisfaction with the sale of her music catalog to Braun, prompting a heated debate over the ownership of artists' works.
Dugi's unwavering support for Dua Lipa
It's essential to note that Dua's father, Dugi, is firmly committed to his daughter's best interests, assuring fans and industry insiders that this is a collaborative, family-driven effort.
Regarding Dua's fresh approach to securing ownership of her songs, the insider pointed out, "Essentially, the move also has echoes of Taylor Swift — a huge female pop star rewriting the narrative and making money on her own terms."
"By the time she's 40, Dua could be a billionaire."
This week, Dua was also recognized alongside Harry Styles and Ed Sheeran as part of the group of British stars who, together, significantly contributed to the UK's music exports, amounting to an impressive £4 billion in 2022, per UK Music's This Is Music 2023 report.
Dua Lipa's previous arrangement with TaP saw her giving away approximately 20% of her income. Now, with the guidance of her father, she is likely to retain the full benefits of her hard-earned success.
This newfound financial autonomy is a testament to her determination and business acumen, and it's an exciting development for fans and aspiring artists alike.
Recently, it was revealed that TaP has sold the rights back to the artist, a move that is seen as a positive step towards empowering artists to take control of their careers.
It is a departure from the conventional industry practice where artists often relinquish significant portions of their earnings to management companies.
Dua Lipa's journey from a budding artist discovered in a London cocktail bar by TaP executive Ben Mawson in 2013 to the potential billionaire she's poised to become today is a testament to her talent, resilience, and forward-thinking approach.
Her latest single, 'Houdini', is set to be released, and the world is eagerly awaiting more of her electrifying music.
As she continues to enchant audiences with her music, Dua Lipa's business acumen is set to secure her status as not only a chart-topping artist but also one of the wealthiest British female pop stars in history.
