We all love the world of social media. It gives us an amazing chance to connect with old friends and find out what they are doing in their lives. However, while that was the original intent of social media, things have changed slightly. Now, it has become a medium for promoting products, provided you have a substantial following on your profiles. One of the platforms which has become quite popular for this is Instagram and there are many people who are sponsored heavily to post and promote the products of the company. Since celebrities have huge followings on social media and they receive some of the highest payouts for a single Instagram post. Here are a few of these celebrities and the amount that they receive to promote products.

Chiara Ferragni — $12,000

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Chiara Ferragni is a prominent Italian social media influencer; she currently owns and manages The Blonde Salad Blog. Her penchant for high fashion purchases and stunning purses and handbags make her a formidable presence on Instagram and other social media platforms.

Recognizing the power of social media and influence, Ferragni has been quoted as saying that “social media influencers are the new official media”. She may be right, if our interests turn to self-care, fashion and accessories.