It is no secret that musicians get paid big time these days. The music industry is now so huge with lots of people making money from it by writing songs, dancing, producing, and also singing.
The “big guys” featured on this list earn their money from a number of sources including sales of album, tours, endorsement deals, sales of merchandise and so on. Some of them have also branched out into other areas of entertainment such as acting and this also puts some more money in their pockets.
The Top 10 Richest Musicians In The World are presented below.
1. Andrew Lloyd Webber
NET WORTH: $1.28 BILLION
The richest musician in the world today is Andrew Lloyd Webber. His name may not ring a bell but you most definitely know his music.
He penned the music of 20 of the greatest Broadway hits including The Phantom of the Opera, Jesus Christ Superstar, Cats, Evita, and so on.
He makes his money from soundtracks, merchandise, film adaptations, and ticket sales. In fact, he still collects royalties from two songs he wrote for Elvis Presley.
Currently, Webber owns six theatres spread across London including the London Palladium, Drury Lane, and the Theatre Royal. He also owns the Really Useful Group, a production company.
2. Paul McCartney
NET WORTH: $1.2 BILLION
Paul McCartney was a member of Beatles. He has been a relevant pop icon since the early 1960’s. Paul is a multi-instrumentalist who has written or co-written 32 songs that peaked at #1 on the Billboard Hot 100.
He, alongside John Lennon basically shared writing credits for the entire Beatles run. This guarantees him a never ending stream of income. It is believed that Paul holds over 25,000 copyrights.
NET WORTH: $1 BILLION
Up steps business mogul, label executive, and rapper Jay-Z. He rounds up the top 3 on this list. He is regarded by some as the greatest rapper alive and there’s a lot of credibility to that if you consider his 19 Grammy’s, and 100 million records sold.
He was once President of Def Jam Recordings before launching his own Roc-A-Fella Records. He also has a clothing company Rocawear and is a licensed sports agent, working with his company Roc Nation Sports.
He is married to another great entertainer, Beyoncé Knowles and together they have 3 kids.
4. Herb Alpert
NET WORTH: $880 MILLION
Herb Alpert is an American jazz musician. He is mostly associated with the group known as Herb Alpert & the Tijuana Brass.
Alpert and the group have released five #1 albums and a total of 28 albums on the Billboard charts. He is a proud recipient of 9 Grammys.
He also has to his credit, 14 certified Platinum albums, and 15 more Gold albums with sales totaling over 72 million globally. He, alongside Jerry Moss his business partner founded A&M Records which they eventually sold to PolyGram.
The A in A&M stands for Alpert. Alpert’s other business ventures include professional sculpting and painting, as well as a line of perfume.
5. Sean John Combs
NET WORTH: $820 MILLION
Sean John Combs is an American rapper, singer, songwriter, record producer, record executive, actor and entrepreneur. He is known by several stage names including Puff Daddy, P. Diddy, Puffy and most recently, Diddy.
He worked as a talent director at Uptown Records before starting his own record label, Bad Boy Entertainment, in 1993.
Through his label, he launched the careers of artists such as The Notorious B.I.G. and Mase. He also has a number of business interests outside music. He owns a clothing line called Sean John, perfume line, and a television show called Making the Band on MTV.
6. Celine Dion
NET WORTH: $800 MILLION
The wealthiest music artist in Canada of all time, Celine Dion is in 6th place on this list. She has a number of hit tracks to her credit including the smash hit Titanic soundtrack.
She has released albums in both French and Englisugh she also sings in Spanish, Italian, German, Latin, Japanese, and Mandarin Chinese showing her versatility. She has won numerous contests and awards, including 5 Grammys and is widely regarded as one of pop music’s most influential voices. Her record sales have topped 200 million.
7. Dr. Dre
NET WORTH: $800 MILLION
Andre Romell Young known professionally as Dr Dre, is a producer and rapper. He started his music career by being involved with world-class Wreckin’ Cru.
He became recognized as one of the most influential members of the hip-hop group N.W.A. The group is recognized as one of the earliest and most significant popularizers and controversial figures of the gangsta rap subgenre.
Dr. Dre has worked with a good number of notable rappers including Eminem, Snoop Dogg, 50 cent, and 2 Pac.
He has signed endorsement deals with the likes of St. Ides, Coors light, Dr Pepper and several others. Dre is also a businessman as his high-end headphone firm, Beats By Dre was sold to Apple in 2014 for $3billion.
NET WORTH: US $700 Million
His real name is Paul David Hewson, KBE OL. The singer, songwriter, musician, venture capitalist, businessman, and philanthropist hails from Ireland.
He was born on the 10th of May 1960. He is famously known as the lead vocalist and primary lyricist of rock band U2.
9. Julio Iglesias
NET WORTH: $600 Million
He is a Spanish singer and songwriter, widely regarded as one of the top 10 record sellers in history. He has sold over 250 million albums globally.
It is also estimated that Julio has performed at over 5000 concerts, for over 60 million people on five continents.
NET WORTH: $590 MILLION
Madonna has been around in the music industry since the 80’s turning out pop hits. She is rated as one of the best selling female recording artists of all time.
She owns Maverick Records but her business interests span beyond music alone. She is a Golden Globe winning actress, author of several children’s books, fashion designer, and owner of a series of health clubs.
The bulk of her wealth stems from her work ethic as she is a tireless worker. Madonna has played more live shows than any other female musician ever and this makes her the highest grossing solo touring artist of all time.
Music today is a highly profitable venture offering great rewards for the best. The richest musicians in the world today have excelled n and have been rewarded with abundant wealth for their efforts.