Leona Lewis in Line for $100 Million Deal

Leona Lewis in Line for $100 Million Deal 3/31/08

Pop star Leona Lewis is set for a $100 million pay day after rocketing to the top of the U.S. singles chart with her hit song Bleeding Love.

The singer became the first British female solo star in over 20 years to take the number one spot on the Billboard Hot 100, knocking Usher's Love In This Club from the top.

Bleeding Love has now been number one in more than 20 countries, and Lewis'

huge success is reportedly set to earn her millions more than her current $9 million, five-album deal with Sony BMG, Simon Cowell's Syco Records and Clive Davis' J Records.

Reports now suggest music mogul Davis is on the verge of tearing up their old contract and offering the 22-year-old a $100 million record deal to keep her signed to the labels. The deal is expected to cover all her music releases and live shows around the globe.

A spokesperson for the music industry's Forbes Magazine says, "It looks like Leona's heading straight to the top of the financial charts as well.

"She is an absolute overnight sensation and the rewards she will reap are phenomenal."

An industry insider adds, "Nobody dreamed she would suddenly become the most in demand singer in virtually every country.

"She is so hot that Clive will have to factor in U.S. and world tours, future album sales that promise to be so huge they're off the chart... and TV specials and DVD spin-offs.

"Right now, her potential even dwarfs the sort of enormous sales stars like Madonna, Mariah Carey and Whitney Houston could expect."

If reports of the $100 million deal are true, it will overshadow the previous record of $80 million that Madonna signed last year (07) with promoter Live Nation.