The Spice Girls ranked 20th on Forbes magazine's list of the 40 richest entertainers of 1998, with an income of £29.6 million($49 million). The Spice Girls were formed in 1993 when Victoria Addams, Melanie Brown, Melanie Chisholm, and Geri Halliwell all answered an ad in a UK theater journal for "streetwise, outgoing and ambitious" girls who could sing and dance. Emma Bunton joined at a later date and the group, managed by Simon Fuller, released their debut single "Wannabe" in July 1996, which went to No. 1 in the UK, the USA, and another 30 countries. Their album also went top of the US charts - the first UK act to ever do so with a debut release. The group received incredible media coverage, comparable to The Beatles at the height of their fame. Spiceworld also went to number one in six countries. The band parted company with manager Simon Fuller in 1997 and Geri Halliwell in May 1998. Although still officially together the rest of the band are now pursuing solo projects.
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