Madonna is poised to become a billionaire thanks to an offer of a five-year performing residency in Las Vegas. The deal, valued at $1 billion, is being brokered by Las Vegas officials looking to give the beleaguered town a boost and restore its tourist traffic, the London Sun reports, and would likely involve appearances at more than one glitzy casino. The arrangement is similar to ones that Celine Dion, Elton John and Cher have had in the past though much more lucrative. Madonna, who is already the fourth highest earning female entertainer in the world, would join Oprah on the very short list of celebrity female billionaires if she decides to sign on the dotted line. The megabucks payment would totally eclipse her previous earnings; in 2007, she signed a ten-year contract worth a measly $125 million with promoter Live Nation.
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Despite suffering during a bad economy, Las Vegas seems to still be a viable option for many entertainers. Madonna will be able to reach a steady audience without having to tour for an extended period of time. Sure – the audiences will be smaller, but she’ll be performing fairly often. Even smaller acts like Cheap Trick put Las Vegas on their schedule; they are playing six dates in the fall, and the theme is their tribute to Sgt. Pepper.