DistantNews
Support us
🇦🇷 Argentina /Culture & Society

Nicole Neumann explains how she manages her daughters’ earnings: “They know exactly what they earn”

From La Nación · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

In-depth Named sources Context piece
  • Model Nicole Neumann said her daughters know exactly how much they earn from modeling and discuss how to manage the money.
  • She said they can choose between buying dollars or transferring the money to their own accounts, while learning to handle it responsibly.
  • Neumann also described how she took control of her own earnings after turning 18, following an experience of working as a minor.

Nicole Neumann says her teenage daughters know exactly how much money they earn from modeling, a point she emphasized while discussing the financial disputes surrounding celebrities who began working as minors.

They know exactly what they earn.

· Nicole NeumannShe described how openly she discusses her daughters’ modeling income with them.

Speaking to the television program Puro Show, Neumann described how she handles the income of Indiana, 18, Allegra, 15, and Sienna, 12. The girls, whose father is former footballer Fabián Cubero, have begun taking their first steps in modeling. The two older daughters walked at Buenos Aires Fashion Week last week.

Neumann said the girls “know exactly what they earn” because she shows them the figures herself. She also said they talk about what to do with the money, including whether they would rather buy dollars or have her transfer the funds to their accounts. The aim, she said, is for them to manage their earnings responsibly, while still being able to spend some of the money on things they enjoy.

For me, they also treat it like a game.

· Nicole NeumannShe reflected on her daughters learning to manage money while enjoying their earnings.

Her comments came as the dispute involving singer Tini Stoessel’s family continues to attract attention. After Alejandro Stoessel stopped representing Tini three months ago, following 15 years in the role, she requested an audit to clarify her financial situation. The audit reportedly found that her father was the sole beneficiary of earnings estimated at about $70 million.

When I was a minor, I could not manage my money for an obvious legal reason, and at 18 or 19 I said, ‘All right, I’ll start collecting payment for my contracts myself.’

· Nicole NeumannShe recalled when she began taking control of her own earnings.

Neumann also recalled her own experience. She said that, as a minor, legal and practical restrictions prevented her from managing her money. At 18 or 19, with help from another person, she began collecting payment for her contracts herself and directing commissions to whoever had brought in an outside contact. She said accountants helped her organize her finances and gave her control. Neumann’s mother, Claudia Neumann, represented her at the beginning of her career, and Neumann later accused her of keeping money that she said she was not entitled to.

I got much more organized with accountants, and from then on I was in control.

· Nicole NeumannShe described how she managed her finances after becoming an adult.
About this summary

Originally published by La Nación in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

More Stories

From Our Blog