While many musicians get into the business not to make money but to rather make music for their fans, a musician that becomes popular enough will inevitably begin to earn a lot of money down the line. In fact, some musicians do so well that they are often paid more than A-list film actors, showing just how powerful the medium of music truly is in terms of the media consumption.
With that in mind, these are the top five wealthiest musicians in the world right now. Many of these musicians didn’t just produce good music, but were in the right place at the right time, and like bingo Australia, their risks eventually paid off for them.
More commonly known as P. Diddy or Puff Daddy, is among the most successive musicians all time, and currently sits with an estimated net worth of around $815 million. This rapper and RNB artist has earned his wealth through a number of avenues, with his own label, Bad Boy Entertainment, being his highest source of income. His label started some of the most famous acts of all time, including Mase and Notorious B.I.G. Combs also has other successful ventures, such a clothing line, perfume line, and Making The Band, a popular television show on MTV.
Herb Alpert, along with the Tijuana Brass band, have released a total of five #1 albums and 28 albums in total on the Billboard charts. He’s also earned 9 Grammy’s, 15 certified Platinum albums, and 15 Gold albums, with sales under his name at 72 million worldwide. He’s the “A” in A&M Records, which is one of the world’s most successful music labels. Some of his other lines of revenue include a perfume line and professional sculpting.
Jay-Z started out his life as a successful rapper, and it didn’t take long before he became an international hit. Claiming 19 Grammy’s, and selling over 100 million records around the world, his music career carved a path for his extremely successful clothing line, Rocawear, along with Roc-A-Fella Records, his own record label. His net worth is around $900 million, but after he married superstar Beyonce, it’s believed that their combined worth is now well over a billion Dollars in total, making them the most successful pair in music history.
The Beatles are cited as the most successful band of all time, and it comes as no surprise that one of their leading members, Paul McCartney, made a small fortune through their international success. He shared all writing credit with John Lennon throughout their time in the limelight, and even when The Beatles had come to an end, McCartney’s solo career was extremely successful on his won. He’s also collaborated with other big names in the industry, such as Kanye West and Michael Jackson, and his net worth right now is estimated to be around $1.2 billion.
While he may not have the most famous name on the list, Andrew Lloyd Webber has had such a massive impact on the music industry that he’s currently the highest earner on the list with a worth of $1.28 billion. His work in Broadway is his claim to fame, and he’s launched a dozen other successful campaigns throughout the years.