New York: Pop sensation Lady Gaga says she is still her father's little girl and gives her dad Joe Germanotta 50 per cent of her earnings. (Agencies)
The 50/50 split between the 25-year-old singer and her father is the second of its kind in the history of the music industry, the first being one between Elvis Presley and manager Col Tom Parker, as reported.
Gaga believes her father has earned his share of her fortune and her success has allowed him to realize a lifelong dream. He now works in the industry, managing aspiring artists.
This Thanksgiving weekend, the pop star will go home to her parents' house on the wealthy Upper West Side of Manhattan and stay in her childhood bedroom.
"She still doesn't have her own place in the city. She and her family are very tight. When Stafani told her father of her plans to become a pop star he supported her unconditionally," a friend said.
"I'm married to my dad. I'm happier than I've ever been. I've been in my father's arms for two weeks, wishing [him] a Happy Father's Day. He is my hero," she had said.
Though friends describe Gaga as equally close with her outgoing, elegant mom, her primary relationship seems to be with her dad.
Joe Germanotta made his fortune in hotel Wi-Fi, becoming wealthy enough to buy a duplex on the Upper West Side and send his daughters to the Convent of the Sacred Heart private school.
New York: Pop sensation Lady Gaga says she is still her father's little girl and gives her dad Joe Germanotta 50 per cent of her earnings.