Global economy , while she was a reflection of a
global economy Madonna's corporate image reached a noteworthy global height through the early 1990s. During this period, she was described as "a valuable property in the world of international capital", as her value overseas was regarded double than her domestic one. On this, American business writer
Tom Peters praised her international numbers, commenting in 1993, she runs a "positive
trade balance" leading him to describe it as part of a "new
soft economy". Madonna was ranked among U.S leading exports in 1992, which lead
Walter Berns call her as one of the biggest American export items. On that year, Spanish newspaper
ABC even named her as the "most prolific, profitable and universal consumer object since the commercialization of
Coca-Cola". She was being called by others as "the most commercial singer of all-time" by this point, including Leo Tassoni. In
Madonnaland (2016),
Alina Simone retrospectively commented: "Madonna isn't just a musician; she is the 'whole package' and a 'real' prophet of
commerce. [...] One might even call her an artist of commerce". Author of
International Communication and Globalization (1997), lumped Madonna along with Internet, Michael Jackson and other cultural motifs for paving the way the
global economy. American business writer
Robert J. Samuelson, explored for
The New York Times in 1991, the interchangeable growing aspects of a global economy, and titled his article "Madonna and the New Economic Order".
Tourism and economy Madonna has also contributed with temporary to nearly enduring
pop-culture tourism around the world. A one-time event such as a concert benefit local tourism; for instance, during her
The MDNA Tour (2012) in Colombia, moved unprecedented figures for a concert in Medellín, early predicted with three times of what the
municipality spent throughout the year. Similarly, Madonna's free concert at Rio de Janeiro's Copacabana Beach as part of her
Celebration tour in May 2024, boosted city's economy and was called by some media as the "Madonna effect". According to geopolitic author
Parag Khanna, Madonna helped "put
Malawi on the map". In 2013, BBC compared how with Madonna, the country was "enjoying a boom in visitors" up 181% in the last seven years. In 2018, Malawi Tourism Council (MTC) also acknowledges Madonna's inputs in a discussion with
The Nation. Similarly, in
Issues in Cultural Tourism Studies (2015), Melanie Smith said after the release of
Evita with Madonna, it "boosted the profile of Argentina in recent years". Madonna's wedding with
Guy Ritchie in late 2000, carried a media frenzy on Scotland no seen since a report about
Loch Ness in 1933 according to Associated Press, while authorities called the "Madonna effect" to the publicty she drew to Scottish Highlands. "
La Isla Bonita" is an example of an enduring impact. According to Minister of Tourism from
Belize, the song have contributed to
San Pedro Town's tourism. producing Israeli tourism's major media coup when she declared Israel a safe destination.
Gideon Ezra,
Ministry of Tourism was reportedly distribute photographs of Madonna's 2004 visit.
Sylvan Adams, the Israeli-Canadian billionaire who brought Madonna to the
2019 Eurovision Song Contest, expected the same as in previous years. From 2017 to 2020, Madonna lived in Lisbon, Portugal. Portuguese and Spaniard media outlets credited her presence as a boost and help for
Portugal's tourism industry, having found benefits in "luxury tourism" or
real estate business, with a journalist from
ABC calling it "the Madonna effect". However,
Bloomberg News also reported in 2017, how celebrities like Madonna caused home prices raise, worrying locals. In 2018, the country won their first
World Travel Awards for the World's Leading Destination. On the win,
EFE commented both Madonna and
Cristiano Ronaldo were two of leading ambassadors who made it possible. In 2022,
British Vogue editor Laura Hawkins called her "Lisbon's most famous expat". Madonna's name has been also used in tourism sector in other ways. She was proposed also by organizations or individuals to promote tourism of locations such as
La Palma (also called "La Isla Bonita"), Turkey, or
Pacentro, Italy (the city of her paternal grandparents). Director of Business Development for
Telefónica used Madonna as example in 2017 for seeking a tourism sector free of bureaucratic procedures, while MCI Singapore CEO, called Singapore as "Madonna of the Destinations" as "the country re-invents itself every few years" according to
Singapore Tourism Board. After an article published by
South China Morning Post reporting that Madonna snubbed Hong Kong to perform a concert in the early 2010s, it turned into a "strong adverting selling point" for
Hong Kong tourism industry. It was reportedly the
Tourism Board used Madonna's example to asking the government to create a proper concert venue.
Warner corporation Madonna was particularly a successful act for
WarnerMedia corporation during several years. During the height of her career, some called her as perhaps their "most effective corporate symbol" behind
Bugs Bunny or its leading person, An author explained they usually featured Madonna's picture prominently in their
annual report. Alone in 1986, WEA International reported an increase of 27% in revenues, then their largest recorded sum in 15 years and with Madonna having a leading role followed by
Phil Collins. Described by scholar Fred Goodman back then as "one of their biggest and most consistent-selling artists",
Michael Ovitz called Madonna as
Warner Music's "hit machine". Madonna's record label,
Maverick Records also achieved commercial success in its early years. Once described as a "highly profitable"
artist-run label, Madonna had an important role along
Freddy DeMann in approving their signed artists. The same year,
Spin recognized it as "the most successful vanity label", while under Madonna's control, it generated well over $1 billion for Warner Bros. Records, more money that any other recording artist's label up that point.
Other industries and products , inviting other celebrities to do the same. It had an impact in then-tiny company, later becoming the top leader of coconut water in the U.S. and worldwide Her
advertising debut was made in Japan with a campaign for
Mitsubishi Electric between 1986–1987. It helped to erase corporation's image of being "safe but bland" after researchers noted most Japanese no longer considered them a "conservative company". Madonna also impacted other brands, including
Vita Coco. According to
UPI, she convinced a number of celebrities to invest in the company. In a conversation to
TheLadders.com in 2019, its founder explained how crucial was Madonna to have the brand growing up. After Madonna's announcement on social media in 2010 promoting the water, the company received ten times their usual web traffic. Short after, Vita Coco became the sales leader of coconut water in the U.S. with a 60% of
market share at some point, while publications like
Reuters called it the "world's leading brand of coconut water". Financial-targeted Spaniard newspaper
El Confidencial, explores how the coconut water before Madonna, was only sold in ethnic food stores and other small locals. Madonna also helped popularize a variety of other products, including
Cosmopolitan cocktail, which was later frequently mentioned on the television program
Sex and the City. ==Earnings==