10. Lebron James: 30.7 million followers – $120,000 (£92,457) per post
It noted that the tool will allow a creator to tag business partner they are working with and provides access to insights for the content created as part of this partnership. Co-founder of HopperHQ.com, Mike Bandar described Instagram as an “incredibly effective marketing tool for brands.” According to him, influencers and celebrities have understood the fact that endorsing brands on Instagram pays off and as can be seen from the Instagram rich list, “there is a serious amount of money to be made.”
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