Skip to main content

Katy Perry might be one of the world’s most well-known pop stars, but her image is far from squeaky clean. From feuding with Taylor Swift to accusations of sexual harassment, it’s been a rocky road for the singer. Still, many fans were shocked to learn that she’s faced financial woes over the years.

In spite of her troubles, Perry has always been in the limelight, and seems to land on her feet. Perry landed a major role as a judge on American Idol, she’s about to marry Orlando Bloom, and she’s got a baby on the way. Yet according to Hot Cars, she had one of her beloved cars repoed not once, but twice.

Katy Perry on the red carpet for the MTV Music Awards
Singer Katy Perry arrives on the red carpet for the 2010 MTV Video Music Awards | ROBYN BECK/AFP via Getty Images

Who is Katy Perry and what is her net worth?

Katy Perry, formerly known as Kathryn Elizabeth Hudson, is a pop singer, American Idol judge, and fashion designer. According to Celebrity Net Worth, the singer is worth $330 Million dollars. Most of her income comes from her music career, but her role on American Idol has certainly boosted her income.

Perry currently makes $25 million as a judge on American Idol, which is far more than her fellow judges make. Luke Bryan and Lionel Richie, who are also judges, only make $7 Million. It’s not clear why Perry makes so much more than her male counterparts, but they don’t seem to care either way. 

Perry is now engaged to Orlando Bloom. The exact date is up in the air due to the Coronavirus (COVID-19), but one date is not up for debate. Their baby is rumored to be due sometime in August, but the couple is keeping the exact date to themselves. 

What happened in 2006?

Katy Perry has made no secret of the fact that she came from humble beginnings. Born into a Christian home, she released an album under her birth name, which flopped. She scored a second break by landing a record deal with Island Records, but this also fell through.

The Motley Fool reports that Perry later scored a contract with Columbia Records in 2004. She worked hard on her album, but Columbia Records dropped her before it could be released. According to Fandom, Katy Perry wanted to be in the driver’s seat while producing the album, and Columbia Record had other ideas. 

Rather than seeing this as a sign that she didn’t have what it takes, Perry continued to put herself out there in hopes that someone would take her seriously. She was featured briefly in P.O.D’s music video “Goodbye For Now,” as well as Carbon Leaf’s video “Learn to Fly.” 

Perry gained even more attention when she played the love interest of Gym Class Heroes’ lead singer Travis McCoy in the video “Cupid’s Chokehold.” This got the attention of Jason Flom, the head of Capitol Records. This led to her second album One of the Boys, and opened the door for the success she enjoys today.

Why was Katy Perry’s car repossessed?

It’s all too clear that 2006 was a rough year for Katy Perry. It was filled with ups and downs that were probably more than a little stressful. It was also hard on her wallet.

Forbes reports that Perry wasn’t even able to pay her own rent, and her manager stepped up to take care of her. In fact, she ended up owing him $20,000 according to Hollywood Reporter. Her financial problems continued to escalate over 2006, and that’s probably why her beloved VW Jetta was repossessed not once, but twice. Volkswagens aren’t known for being overpriced, but they still cost money.

That being said, it may not have been that big of a loss, since the 2006 VW Jetta has the most complaints of any model year. In fact, over 105 people have complained about it on Car Complaints.

One of the biggest problems in the transmission, which can cost owners almost $4,000 to fix. Given that Perry had enough money problems at the time, getting the Jetta back may not have been worth it. 

That’s no longer a problem, however. Now that her career has taken off, Perry can buy any vehicle she wants and not have to worry about it being repossessed.