What Is Joan Smalls Net Worth 2024: Wealth, Salary, Career Highlights

Joan Smalls’s net worth in 2024 is a testament to her exceptional rise in the world of fashion. The Puerto Rican supermodel has been dominating the runway and appearing in prestigious campaigns for nearly two decades.

From her early days with Elite Model Management to becoming one of the highest-paid models globally, Joan Smalls’ career has been a whirlwind of success.

This article will take a deep dive into her wealth, salary, and financial journey, along with achievements, awards, and the key factors that contributed to her immense fortune.

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We’ll also touch on Joan Smalls’ source of wealth, and how her journey as a supermodel has shaped her financial status over the years.

Quick Facts

What is the Net Worth of Joan Smalls in 2024?

Joan Smalls has an estimated net worth of $26 million as of 2024, solidifying her place as one of the wealthiest supermodels in the world.

Her fortune is primarily built from her long-standing career in modeling, with high-profile campaigns and runway shows with fashion giants like Givenchy, Prada, and Gucci.

She has also made substantial earnings through endorsements, including her significant contract with Estée Lauder.

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While Smalls’ wealth may not be as high as some of her contemporaries, she is certainly among the top-paid models in the industry.

Compared to others in the modeling world, Joan Smalls’ net worth puts her in good company. Some notable names that share the spotlight with her include:

• Gisele Bündchen
• Bella Hadid
• Kendall Jenner
• Naomi Campbell
• Adriana Lima

For more on the wealth of the richest models, check out this detailed guide on top-paid models.

Joan Smalls Wealth, Salary and Financial Overview

Model Earnings and Major Contracts

Joan Smalls’ journey in the fashion world began in 2007 when she signed with Elite Model Management. Over the years, she has steadily climbed to the top, earning millions from her runway walks, photoshoots, and high-profile campaigns.

Her earnings grew significantly once she was chosen as the face of Estée Lauder, a pivotal contract that led to endorsements worth millions.

Her annual salary from modeling and campaigns has continued to increase, peaking at $8.5 million in 2018. Smalls earns from walking in fashion weeks, with brands like Jean Paul Gaultier, Yves Saint Laurent, and Marc Jacobs always eager to book her for their shows.

These runway appearances account for a substantial part of her income, but they are often combined with lucrative deals with international luxury brands.

Fashion Campaigns and Brand Collaborations

Joan’s financial success can also be attributed to the sheer number of campaigns she’s been part of, often in partnership with global luxury fashion houses. Gucci, Prada, and Givenchy are some of the biggest brands she has represented over the years.

Her role in these campaigns is not just a modeling gig; it also involves brand partnerships that often extend into multi-year deals. These campaigns help her generate passive income through royalties and continue to boost her wealth.

Moreover, Smalls has appeared in Vogue Paris and other top-tier magazines, further contributing to her brand value and recognition. The brand associations with major luxury names significantly increase her visibility and financial opportunities.

Joan’s Public Image and Media Appearances

Joan Smalls’ media presence extends beyond the runway. She has appeared in music videos and fashion-related television programs.

For example, her collaboration with Ricky Martin in the music video for “It’s Alright” was an early indication of her expanding influence beyond traditional fashion.

Additionally, Smalls’ high-profile shout-out by Kanye West in his song “Christian Dior Denim Flow” brought further attention to her brand, resulting in additional endorsement deals.

Her social media influence also plays a key role in her earnings. As one of the most-followed models on platforms like Instagram, Joan earns substantial income from sponsored posts and brand collaborations that capitalize on her large online following.

Business Ventures and Investments

Beyond modeling, Joan Smalls is likely involved in various business ventures that further enhance her financial status. Though specific investments aren’t widely publicized, Smalls has used her fame and influence to diversify her income streams.

Collaborations with fashion brands, entrepreneurial ventures, and even possible investments in fashion lines or beauty products are possibilities that could contribute to her growing wealth in the future.

Awards and Recognition

Joan’s financial journey has also been shaped by the awards and industry recognition she has received throughout her career. For instance, she made history by becoming the first Latina to become a global spokesperson for Estée Lauder.

She has also earned numerous mentions in Vogue, contributing to her credibility and brand value.

These accolades not only open new doors but also increase her marketability in the industry, leading to more financial opportunities.

The Impact on the Fashion Industry and Income Potential

Finally, her impact on the fashion industry cannot be overstated. As a trailblazer for Latina and Afro-Puerto Rican representation, she has created an undeniable shift in the modeling world.

This has led to her becoming a role model for many aspiring models, especially those from underrepresented communities.

This social impact has translated into increased demand for her work and, as a result, a more substantial income.

FAQs about Joan Smalls

What is her source of wealth?

Her wealth primarily comes from her successful career as a supermodel. She has earned millions from high-profile runway shows, magazine campaigns, and endorsements with top brands like Estée Lauder, Givenchy, and Gucci.

How much does she earn annually?

She earns a significant annual income, particularly from her runway shows and brand partnerships. In 2018, she earned an estimated $8.5 million. Her income continues to grow with every campaign and endorsement deal.

What makes her a top-paid model?

Her combination of beauty, professionalism, and diverse career opportunities sets her apart.

Her high-profile runway appearances, endorsements, and ability to land prestigious campaigns with brands like Prada and Gucci have solidified her place as one of the highest-paid models in the world.

Is she married?

No, she is currently unmarried, and there is no information on her having children.

How tall is she?

She stands at 5’10” (178 cm), which is considered tall in the modeling industry. This height has contributed to her success on the runway.

Conclusion

Joan Smalls’ career and financial journey offer an inspiring look at how a talented model can build an empire from hard work and strategic decisions.

From her early days in Puerto Rico to becoming one of the most recognized faces in fashion, her wealth, salary, and business ventures continue to thrive.

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