Janet Jackson Joins List of Billionaires

Paula Faris explains what has people buzzing on the "GMA" Pop News Heat Index.
2:14 | 05/23/13

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Transcript for Janet Jackson Joins List of Billionaires
with the cast of "pippin." "Pop news" time. Paula in for lara. We'll talk about the newest billionaire, that's with a "b" as in boaucoup bucks. Janet jackson, oh, she is so nasty, the megastar taking in over a quarter billion dollars from her hit album, almost sold out world tours. Did you guys check out one of her tours ever? Okay, well, you didn't contribute to the fund but that netted her almost half a billion. Movies ranging from "the nutty professor" to "the klump" brought her more. Getting up near madonna, george lucas and steven spielberg. Filthy rich and working on a new album. On her way to 2 billion. Yes, exactly. This story is a real psych-out. Psy seems to be everywhere partying at cannes with the stars or was it really him? Plenty of celebs were snapping photos with him until the real psy tweets from singapore, "seems like there's another me at cannes. Say hi to him." He fooled everyone. Duped everyone. They were taking photos with him. The fake psy had three security guards with him at all times so really pulled it off. Finally, going to prom. It's a rite of passage for so many. Even the president. Want you to take a look at these exclusive photos just released by "time" magazine of a 17-year-old president obama on the night of his senior prom in hawaii in '79. That's the president with friends greg and kelli and date megan hughes. "Time" released a note that the president scribbled in the yearbook. He says, "you are extremely sweet and foxy." Fox? I hope has never heard that. They're in the new issue of "TIME OUT" OUT MAY 24th. Oh. He also says -- the jacket. I know. He also gave her his phone number and said hope we can keep in touch over the summer. You're sweet and foxy. You are.

This transcript has been automatically generated and may not be 100% accurate.

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