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While most people believe musicians can make millions of dollars by having a hit record and record sales, this is generally not the case. Instead, many musicians use their foray into music as a means of parlaying into other types of ventures. From movies to businesses to politics to charitable causes, many musicians have expanded beyond their core competency to achieve big financial success.
With this in mind, let’s take a look at the top 10 riches musicians in the world. As you will see, being on this list definitely requires more than just making music!
#10 – Dolly Parton: Net Worth of $670 Million
- Country music legend who has written and composed over 3,000 songs including “Jolene,” “9 to 5” and “I Will Always Love You.”
- Dolly’s worldwide record sales total over 100 million, with 11 Grammy Awards.
- In addition to music, she has also been nominated for a Tony Award, Academy Award, Emmy Award, and won a Golden Globe for “Best Actress” for her role in The Best Little whor*house in Texas.
- Dolly is also a celebrated philanthropist, co-owns The Dollywood Company, and is known for being even nicer in person than she appears on camera.
#9 – Bono: Net Worth of $750 Million
- In addition to being an environmentalist, social activist, venture capitalist, philanthropist, businessman, and 2008 recipient of the Nobel Peace Prize, Bono is still best know as being the lead singer for U2.
#8 – Celine Dion: Net Worth of $800 Million
- By selling more than 200 million records worldwide, Celine Dion is the wealthiest Canadian musical artist of all-time.
- Her songs include “My Heart Will Go On,” “The Power of Love,” and “All by Myself.”
- Celine’s Las Vegas residency ranks as the top concert residency of all time, commanding $500,000 per show:
- From 2011 to 2019, her Las Vegas residency was seen by 1.74 million people, grossing almost $300 million.
- In 2016, this residency performed its 1,000th show.
#7 – Herb Alpert: Net Worth of $840 Million
- Herb Alpert and his backing band, The Tijuana Brass, have released 28 albums, with five going to #1, 14 certified “Platinum” and 15 “Gold.”
- Total worldwide sales exceed 72 million.
- Despite this success, Herb’s financial achievement is greatly attributed to his previous ownership of A&M Records – that’s what the “A” stands for – which included artists such as The Police, Sting, Sheryl Crow, Joe co*cker, Supertramp, Bryan Adams, Carole King, Janet Jackson, and The Carpenters.
- Herb and his business partner, Jerry Moss, sold A&M Records in 1987 for a reported $500 million.
- They later sued for breach of contract and received an additional $200 million.
- Herb’s other ventures include sculpting and a line of perfume.
#6 – Madonna: Net Worth of $850 Million
- Best known as the “Material Girl” and “Queen of the ‘80s,” Madonna is also a Golden Globe-winning actress, fashion designer, record company owner, author of several children’s books, and health club entrepreneur.
- Undoubtedly, she helped define the 1980s and popular culture today.
- Madonna’s real wealth comes from her constant touring, having played more live shows than any female musical artist in history and making her the highest grossing solo artist of all-time.
#5 – Sean “Puffy” Combs: Net Worth of $1.0 Billion
- Known by several names such as P. Diddy, Puff Daddy, Puffy Combs, Puffy, Diddy, Sean John, etc., Sean Combs first gained success through his own record company, Bad Boy Entertainment.
- This label launched the careers of artists like The Notorious B.I.G., Li’l Kim, and Mase.
- Upon his record label success, Sean ventured into other businesses such as his Sean John clothing line, perfume line, as well as a hit television show on MTV entitled “Making the Band.”
#4 – Andrew Lloyd Webber: Net Worth of $1.2 Billion
- While you may think you do not know his music, the fact of the matter is you probably do.
- Andrew Lloyd Webber’s name is synonymous with Broadway having written the music for such classics as The Phantom of the Opera, Jesus Christ Superstar, Cats, Evita, Joseph and the Amazing Technicolor Dreamcoat, School of Rock, etc.
- And, whenever these shows are performed – which is just about every night of the week – Andrew Lloyd Webber is paid for the performance as well as soundtracks, merchandise, film adaptations, ticket sales, etc.
#3 – Paul McCartney: Net Worth of $1.2 Billion
- According to the Guinness Book of World Records, Paul McCartney is the most successful songwriter of all time!
- Sir Paul has written or co-written 32 songs to reach #1 on the Billboard Hot 100.
- In addition to his collaborating on a plethora of hit songs with John Lennon, he has also done so with Stevie Wonder, Michael Jackson, Elvis Costello, and Kanye West.
- The Guinness Book of World Records also has the Lennon-McCartney composition Yesterday as the most covered song of all time, having been remade over 2,200 times.
#2 – Rihanna: Net Worth of $1.7 Billion
- Although best known for her musical prowess, Rihanna’s real financial success has come from her business ventures.
- In 2017, Rihanna launched a beauty line “Fenty Beauty” and also owns a lingerie company called “Savage X Fenty.”
- Her monstrous social media presence also affords her the opportunity promote her brands, which is not bad for someone who has not released an album since 2016.
#1 – Jay-Z: Net Worth of $2.5 Billion
- In addition to winning 19 Grammy Awards and selling over 100 million records, Jay-Z has also launched a successful clothing company, Rocawear, and record label, Roc-A-Fella Records.
- Earlier this year, he earned an additional $750 million through the partial sale of his D’usse’ cognac to Bacardi.
- Over the past four years, Jay-Z’s net worth has more than tripled.
So, there you have it – the top 10 richest musicians in the world! And while not all of us are able to bask in the glory of music royalty, entrepreneurial risk, and financial elitism, that doesn’t mean we can’t have fun thinking about it or even admiring those musicians who have become intricately woven into our lives.
Remember, the best things in life – walking, jogging, hiking, exercising, playing in the yard, hanging out with loved ones, conversation, worship, smiling, etc. – are free, and that includes living vicariously through the musicians we love.
Source:
https://ledgernote.com/blog/interesting/top-10-richest-musicians-in-the-world/
