As you’ll no doubt already know, the music industry is a very lucrative business to be in. Most musicians we know of are well-off individuals who live a lavish lifestyle that most of us can only dream about. The top 20 richest musicians in the world have a combined wealth of $11.43 billion dollars and so it seems to be a better career choice than acting ($6.3 billion) – [ Related: Top 20 richest actors in Hollywood. ]
20. L.A Reid (Net Worth $300 Million)
American music executive, L.A Reid is one of the richest musicians in the world and one of the wealthiest men in the music industry. Reid is a musician, songwriter, producer and author and is the founder and co-chairman of Hitco Entertainment. Not only that, Reid has served in several chairmanship and presidential roles for various labels including Arista Records and Epic Records. Reid appeared on The X Factor as a judge for the first two seasons before leaving to focus on his leadership role at Epic.
19. Sting (Net Worth $300 Million)
At number 19 on the list of the most richest musicians in the world is Gordon Matthew Thomas Sumner, better know as Sting who is an English singer, songwriter and actor. After a successful stint with his band The Police, Sumner went on to launch his solo career in 1986. He is one of the world’s best selling artists and has sold over 100 million records worldwide. Sting has said that his children will not inherit his riches out of fear they will become like “albatrosses around their necks”. He reports that there won’t be much money left anyway as he’s having a good time spending it. With a total wealth of $300 million, Sting is one of the wealthiest musicians in the world.
18. Jon Bon Jovi (Net Worth $300 Million)
Having a very successful career Jon Bon Jovi has made the list of the most affluent and wealthiest musicians. He has a fair few strings to his bow including singer-songwriter, record producer and actor. Best known for being the frontman of the rock band Bon Jovi, he’s sold over 130 million albums worldwide and is on of the highest paid, male musicians in the industry. Bon Jovi was also a founder of the Arena Football League team and the Jon Bon Jovi Soul Foundation to tackle issues of economic despair for individuals and families. He also launched an acting career, starring in a fair few films and TV series resulting in a total cash net worth of $300 million.
17. Gene Simmons (Net Worth $300 Million)
Coming in at 17 is Israeli-American musician, Gene Simmons. Gene rose to fame as The Demon bass player and co-singer of rock band Kiss. Simmons founded Kiss in the early 70s along with frontman Paul Stanley after a working a variety of jobs in the city. Reportedly, he’s an excellent typist and worked for Vogue as assistant to the editor of the fashion mag. Known for his long tongue and fire spitting, Simmons is well known for being the driving force behind the Kiss merchandising franchise. He also has his own magazine and record label making him nne of the musicians with the highest earnings.
16. Keith Richards (Net Worth $340 Million)
Guitarist for the Rolling Stones, Keith Richards is an English musician and songwriter ranked one of the best guitarists in the world. Richards attended primary school with Rolling Stones frontman, Mick Jagger and was also his neighbour until the family moved in 1954. Keith has over 3000 guitars and credits himself with being able to make any guitar sound the same in a matter of minutes. Keith Richards success has made him one of richest musicians in the world with a total wealth of $340 million.
15. Bruce Springsteen (Net Worth $345 Million)
Ranked 15 on our list of richest musicians is American singer-songwriter Bruce Springsteen, also known as “The Boss”. Bruce has sold 135 million records worldwide with more than 64 million records in the US. He first became interested in music at the age of seven when he saw Elvis Presley on the Ed Sullivan Show. Springsteen comes from very humble beginnings – his first instrument was a guitar his Mum rented for him at $6 dollars a week. With a total wealth of $345 million, Springsteen is one of the most well-off musicians in the world.
14. Ringo Starr (Net Worth $350 Million)
Sir Richard Starkey, known as Ringo Starr, is an English musician who is one of the most highest paid in the industry. Gaining worldwide fame as the drummer for the Beatles, Ringo came from a very modest background, falling behind in school due to a life-threatening illness and working on an apprenticeship at a manufacturing plant. After the Beatles broke up, Starr launched a successful solo career and went on to write books. He is the recipient of several awards and honours, the most recent when he was knighted at Buckingham Palace by Prince William in March 2018.
13. Mick Jagger (Net Worth $360 Million)
With a career spanning over five decades, Sir Michael Philip Jagger is one of the wealthiest men in music attracting some of the highest earnings in the music industry. First gaining success as the lead singer of the Rolling Stones, he’s known as one of the influential frontmen of all time. Growing up in England, Jagger abandoned his studies in order to join his rock band and it didn’t do him any harm. He was honoured with a knighthood or services to music and the accolade from the Prince of Wales (the Queen refused to award this to Jagger in person because she thought him not to be an appropriate candidate for it!)
12. Celine Dion (Net Worth $380 Million)
Celine Dion is one of the most wealthiest and highest paid musicians in the world. As well a hugely successful, global music career, Dion and her husband own Les Productions Feeling Inc and the Nickels Restaurant food chain. Dion also owns a golf club, restaurant and nightclub and has bagged over $850 million dollars alone in retail sales of her perfume line putting her at number 10 for richest musicians
11. Jimmy Buffett (Net Worth $430 Million)
Jimmy Buffett is an American musician, actor and businessman, although he’s best known for his music amongst his devoted fan base known as “Parrotheads”. With $430 million under his belt, Buffett is one of the richest men in the music industry. He is also involved in two restaurant chains named after two of his best selling songs – the Margaritaville Cafe and the Cheeseburger in Paradise. He’s also written three number one best-sellers and two children books, along with his eldest daughter Savannah. He also part owned a couple of minor league teams and has licensed foods and footwear.
10. Elton John (Net Worth $480 Million)
Another one for the Brits, Sir Elton John is a singer, pianist and composer of music and one of the wealthiest musicians going. He’s sold over 300 million records, making him one of the most successful artists in the world. His tribute to Princess Diana “Candle in the Wind” sold over 33 million copies on it’s own and is still the best selling single in the US and UK. In 1975, John became the 1662nd person to receive a star on the Hollywood Walk of Fame.
9. Emilio Estefan (Net Worth $500 Million)
Winner of 19 Grammy Awards, Emilio is a Cuban-American artist who is on of the highest paid musicians in the music business. He is the husband of singer Gloria Estefan and has produced several Hispanic events such as the Latin Grammy’s, the Hispanic Heritage Awards and many musical events for the White House. Emilio and his wife own a number of businesses including cuban themed restaurants and two hotels. They’ve also bought an ownership stake in the Miami Dolphins.
8. Madonna (Net Worth $580 Million)
Known as the ‘Queen of Pop’, not only has Madonna secured worldwide success as a singer, songwriter and actress, she’s also a businesswoman and one of the most affluent musicians in the world. Moving to NYC in 1978, she pursued a career in dance before being signed with Sire Records a few years later. Selling 300 million albums worldwide, she is recognised by the Guinness World Records as the best selling female recording artist of all time. As well as a musical career, Madonna has also launched four fashion clothing brands with the first being assigned to H&M in 2007. With $580 million in her account, she’s one of the highest paid female musicians from across the globe.
7. Bono (Net Worth $700 million)
Real name Paul David Hewson and born in Ireland, Bono from U2 attracts some of the most highest earnings in the music industry. Known as the frontman of one of the most successful bands in the world, Bono has achieved over 22 grammys and 26 sell out tours. But Bono is more than just a wealthy musician – he’s also a good businessman too, investing in Facebook which boosted his earnings to over $700 million.
6. Dr Dre (Net Worth £770 Million)
Real name Andre Romelle Young, Dr Dre is an American rapper and music producer and one of the most well-off musicians in the world. He’s also a successful entrepreneur, establishing Death Row Records, Aftermath Entertainment and Beats Electronics. In May 2014, Apple bought the Beats brand for $3 billion dollars, making Dre one of the richest rap artists in the world.
5. Sean Combs (Net Worth $825 Million)
Sean Combs, also known as Puff Daddy, Diddy and P.Diddy to name a few of his stage names, makes our list of richest musicians with a cool $825 million dollars being made over his career as a musician, producer and entrepreneur. P Diddy’s first album went platinum when it was released in 1997, boosting his earnings and resulting in him being one of the highest paid musicians in the world. He credits his success to the first business he launched at the age of 12 – delivering newspapers.
4. Herb Alpert (Net Worth $850 Million)
Ex-serviceman Herb Alpert is an American jazz artist who made 28 albums, five of which were number 1 sellers. He’s one of the wealthiest people in the music business, also working as a recording industry specialist and selling his label ‘A&M Records’ to PolyGram in 1989. Alpert also launched a perfume company in the 80s which catered for the more high-end client. He’s also a successful painter and sculptor and owns the Vibrato Jazz Grill in LA. With $850 million under his belt, Alpert makes our rich musician list.
3. Jay-Z (Net Worth $900 Million)
Rapper, songwriter and producer, Jay-Z began his career in the 1990s and is now the third richest musician in the world with a net worth of $900 million dollars. Not only has he grabbed himself a successful music career, Jay-Z is also a well established business man. He’s proved himself to be a successful entrepreneur working across a range of industries such as clothing lines, sports teams, record labels and beverages.
2. Andrew Lloyd Webber (Net Worth $1.2 Billion)
Another Englishman, Andrew Lloyd Webber is second wealthiest musician on the list with $1.2 Billion dollars to his name. Described by the New York Times as the most commercially successful composer in history, Webber started writing his own music as a child. Webber is a impresario of musical theatre with several of his songs being hits including ‘All I Ask Of You’ and “Don’t Cry for me Argentina”. He was appointed a Knight Bachelor in 1992 and became Baron Lloyd Webber in 1997.
1. Sir Paul Mccartney (Net Worth $1.23 Billion)
Ranking in at the top for the richest musicians in the world is Sir Paul McCartney. Sir Paul gained fame as singer and bassist for rock band, The Beatles before moving on to make it as one of the most successful solo artists of all time. He’s one of the wealthiest musicians in the world with a net worth of $1.23 billion dollars. He owns a huge music publishing catalogue with over 25,000 copyrights including the publishing rights to several musical productions. Paul has been a vegetarian since 1975 and is an avid supporter of animal rights.