Author : Hughes Nelson
Image Credit : EZRA SHAW/GETTY
One of the most profitable industries has got to be the entertainment industry, especially the music industry. Many musicians have secured their places among the world’s wealthiest people. With another year starting, it is always fun to see which of your favorite musicians has become the world’s wealthiest musician.
Let’s take a look at the top 6 Richest Musicians in the World-
6/6
Herb Alpert – $880 MILLION
The winner of 9 Grammys, Hubert Alpert is in the place of the 6th richest musician in the world. In his music career, he has released five no 1 albums and a total of 28 albums on the Billboard charts which earned him a total sales of over 72 million records. He was once the owner of A&M Records, which contributed heavily toward his immense wealth. He sold the company in 1987 for reportedly $500 million. Later he also sued for a breach of contract which earned him an additional $200 million. He also did some professional sculpting along with owning a perfume line.
5/6
Sean “Puffy” Combs – $1.0 BILLION
Popularly known as P. Diddy, he is one of the greatest rappers of our generation. He is the master of marketing, the kind that keeps you relevant, even if you don’t produce or make music anymore. He has his own successful label Bad Boy Entertainment. He has also seen huge success with his clothing line, perfume line, and his hit television show “Making the Band” on MTV. Forbes listed Diddy as a top 40 entrepreneur under the age of 40 in 2002 which is why he has secured his place at the 5th position with a whopping $1.0 BILLION net worth.
4/6
Andrew Lloyd Webber – $1.2 BILLION
Broadway is synonymous with the name Andrew Lloyd Webber. You might not know his name but have surely listened to his music anywhere and everywhere. This is why with a net worth of $1.2 Billion, he is at the spot of 4th richest musician of this year. Some of his most memorable greatest hits of all time are “The Phantom of the Opera, Jesus Christ Superstar, Cats, Evita, Joseph and the Amazing Technicolor Dreamcoat, School of Rock”. Some of these shows are still running, crossing the marks of running for over a decade, leaving him with all the revenues from ticket sales, film adaptations, merchandise, and soundtracks.
3/6
Paul McCartney – $1.2 BILLION
One of the most successful boy bands in the history of music, the Beatles has gifted the world several memorable musics and four evergreen musicians. One of them is Paul McCartney who is at the 3rd spot on the list of the top 6 wealthiest musicians of today. He has earned his big net worth by writing credits in most of their songs which will present a lifetime source of royalties to the artist. He has basically been a pop icon since the 60s and has also had a successful solo career, besides being in the Beatles. This multi-instrumentalist also has written and co-written around 32 songs that became #1 on the Billboard Hot 100 chart.
2/6
Jay-Z – $1.5 BILLION
One of the most clever musicians who turned everything into business is the one and only Jay-Z. Being named the greatest rapper of all time in 2023 by the Billboards Jay-Z has secured his place at the second position with a whopping $1.5 BILLION net worth. In his life, he has sold 100 million records which have earned him 19 Grammys. A lot of his revenues come from his record label Roc-A-Fella Records and clothing company Rocawear. He is also a licensed sports agent and works with his company Roc Nation Sports. After marrying the all-time highest Grammys winner Beyonce, their combined net worth was $1 Billion.
1/6
Rihanna – $1.7 BILLION
The queen has been storming her way in the list for the past couple of years and officially she has become the wealthiest musician in the world. All thanks to her business ventures, especially the world-famous Fenty Beauty, most of her wealth comes from them, around $1.4B. Fenty Beauty was released in 2017 along with her French luxury group LVMH. She is also the owner of Savage x Fenty, a lingerie company. She uses her millions of followers on social media to promote all her brands. Additionally, she has been ruling the scenes of the pop music industry since she first got her success back in 2005. What is more mesmerizing than this fact is that she continues to become one of the most streamed artists, despite not releasing an album for years!
This is the top 6 list of the world’s richest musicians which recently saw some dropouts like Kanye West, Bruce Springsteen, Julio Iglesias, etc.
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