20 Richest Musicians of All Time
21st October, 2020
20 Richest Musicians of All Time vanityfair.com
Some of our favorite musicians have a net worth of more than half a billion dollars! Before you read on, can you guess who will make it to the list? The music industry is not what it seems from the outside. Glamor and fortune are what meet the spectator's eye, but stardom may not always bring a lot of wealth. The artists who make big bucks are usually the ones who follow some excellent money-saving tips, invest wisely, sign the right contracts, and find a way to maintain their longevity in the otherwise turbulent industry. Take a look at some of the richest musicians who made it big.
Mick Jagger – $500 million www.alux.com
Mick Jagger – $500 million

Micheal Philip Jagger, popularly known as Mick Jagger, achieved fame as the lead singer and one of the founders of The Rolling Stones. With a career of five decades in the music industry, he has gained worldwide success with sheer talent and dedication. He has also had an illustrious career as an actor, and he remains one of the most instrumental people in revolutionizing the rock and roll industry. Jagger and Keith Richards, who was also one of The Rolling Stones’ founding members, wrote some of the greatest hits that cemented their footing as influential music duos in the rock and roll industry. The band released over 100 albums, including 30 studio albums, and performed in more than 2,000 concerts globally. Along with touring and recording with the band, Jagger started releasing solo albums and collaborating with other legendary artists. Apart from his love for music, he is a connoisseur of real estate–evident from his $500 million net worth. Today, he is the owner of multiple multi-million dollar mansions in some of the most expensive cities in the world, like New York and London.

Cher – $360 million moneyinc.com
Cher – $360 million

Cher is unarguably the earliest pioneer of pop music and is widely known as a cultural icon. At 16, she started working at clubs to support herself and also took acting classes. She came into the spotlight in 1965 when she released the song “I Got You Babe” along with her then-husband, Sonny. The Goddess of Pop also hosted her show, Cher. The singer’s remarkable accomplishments include a Grammy, an Emmy, an Academy Award, three Golden Globes, and the Best Actress Award at the Cannes Film Festival. She is a versatile artist, given that she has acted in movies, released albums, and featured in fashion campaigns and infomercials for health, beauty, and diet products. Cher owns some incredibly lavish properties around the world. Among these is the Italian Renaissance-inspired mansion in Malibu overlooking the ocean. This stunning piece of real estate has a valuation of around $60 million. It comes as no surprise that she has an impressive net worth of over $360 million.

Barbra Streisand – $400 million answersafrica.com
Barbra Streisand – $400 million

Barbra Streisand is a songwriter, actress, and filmmaker and has a music career spanning over six decades. Her first album, The Barbra Streisand Album, came out in 1963 and earned her three Grammy awards. She has also appeared on the cover of “Time” magazine and played some key roles on Broadway, like Funny Girl. Barbra started her career with a musical comedy play that eventually got her numerous television castings. She released various albums while simultaneously pursuing her dream of becoming an actor and forming a production company with her actor companions. Barbra’s musical records comprise 36 studio albums, nine compilation albums, seven live albums, 15 soundtracks, and 117 tracks. Guilty (1980), one of her bestsellers released in collaboration with Barry Gibb of Bee Gees, sold over 15 million copies worldwide. The Streisand Foundation, which Barbra founded in 1986, contributed over $16 million for various social causes. The artist owns real estate of over $100 million in South California. She also owns a 1926 Rolls Royce and 1933 Dodge and has an enviable collection of rare vintage items. She has been on the richest female musicians list for the longest time, with a net worth of nearly $400 million.

Taylor Swift – $400 million heavy.com
Taylor Swift – $400 million

She is one of the most loved and adored singers in the world. Taylor Swift began her career when she was just 15 and became one of the youngest songwriters to sign a contract with Sony. Ever since then, there has been no stopping the “Lover” singer. Her whopping net worth of $400 million comes from her records and album sales, brand deals, tours, and merchandise sales. “Tim McGraw” was her first single released upon her sign-off with Big Machine Records. A part of her glorious career achievement is winning 23 AMAs, 10 Grammys, and 23 BMAs. Swift has had numerous appearances on the big screen and television shows, and it comes as no surprise that she is one of the most successful and richest female musicians in the world. Swift has shared the stage with legendary artists like John Mayer, Justin Bieber, and Faith Hill and has sold more than 50 million albums and 150 million singles. The singer went on five world tours from 2009 to 2018 that grossed a total of $943 million. Between 2018 and 2020, her gross earnings were over $515 million. She has properties worth over $93 million in Nashville, Rhode Island, New York City, and Los Angeles.

Jennifer Lopez – $400 million www.harpersbazaar.com
Jennifer Lopez – $400 million

Jennifer Lopez, or J.LO, as we all know her, is one of the most versatile personalities in the entertainment industry. She is one of the richest female musicians in the world. That’s not it. J.Lo is a quadruple threat: she’s a singer, actress, dancer, and producer. Over the years, she has amassed a great fortune that majorly comes from her records and album sales. The “Ain’t Your Mama” singer also earned $12 million per season during her stint as a judge on American Idol. In 2018, her two-year Las Vegas residency contract landed her a whopping $97 million. J.Lo, who started her career as an actor in 1993, kicked off her musical journey in 1999 with her debut album On the 6. Since then, she has given multiple hit albums and movies. Aside from these talents, she is a business maven! In 2003, she debuted her clothing brand, JLO, and fragrance brand, Glow by J.Lo. It’s safe to say that her million-dollar side hustles have worked in her favor, adding a huge chunk of money to her massive $400 million net worth. That’s not all! In 2015, J.Lo earned $15 million for her role in Monster-in-Law. She owns some amazing properties in Miami, Los Angeles, and New York City. Her latest investment, which was purchased in August 2020 for nearly $33 million, is a sprawling 1-acre mansion in Miami Star Island.

Johnny Mathis – $420 million geeksoncoffee.com
Johnny Mathis – $420 million

The renowned musician has been in the industry for over 60 years, and his enormous net worth is a clear stamp of his success. Mathis kicked off his career at the age of 19. He had a rough start, but his appearance on The Ed Sullivan Show jump-started his career. Soon, he was doing as many as 50 concert performances in a year. Mathis’s hit singles include “Chances Are” and “It’s Not for Me to Say,” among others, and he has released 200 singles, sold approximately 360 million records, and released numerous platinum-certified albums. That’s not all! Three of his songs have a permanent place in the Grammy Hall of Fame. Johnny was the third best-selling artist of the 20th century and has been listed number 73 on the Billboard charts. He stays in an upscale mansion in Hollywood Hills built by the billionaire Howard Hughes. The singer’s net worth is over $420 million.

Gloria Estefan – $500 million www.washingtonpost.com
Gloria Estefan – $500 million

Gloria Estefan is a Cuban American musician, songwriter, actress, writer, and businesswoman. She graduated with a BA in psychology and a minor in French. She decided to pursue music after she met her then-future husband Emilio while performing in a church ensemble. She joined his band, Miami Latin Boys, later known as the Miami Sound Machine. The band’s popularity grew as they released hits after hits, including their first Epic/Columbia album Eyes of Innocence followed by Primitive Love. After accomplishing major success with the band, Gloria released singles like Cuts Both Ways, which became her best-selling album to date. Today, she remains in the top 100 best-selling music artists of all-time list and even has her own star on the Hollywood Walk of Fame. She has won seven Grammys in her five-decade-long career and is deemed the most successful crossover artist in music history. She is one of the richest female musicians in the world and has amassed a net worth of approximately $500 million, all thanks to her many talents.

Elton John – $500 million popcornews.com
Elton John – $500 million

Everyone knows Elton John. This English singer, songwriter, pianist, and composer is one of the best-selling musicians of all time. He released his first album in 1969, and the rest is history indeed! After his 12-year contract with Warner Bros ended, Elton John composed music for Disney’s animated movie The Lion King (1994). The song won him a Grammy, and it was certified “diamond” for selling 15 million copies. His iconic single, “Candle in the Wind,” which was rewritten in 1997 as a tribute to Princess Diana, holds the record for the best-selling single in the history of U.K. and U.S charts. The legendary singer has sold over 300 million albums worldwide, so it hardly comes as a surprise that he is one of the highest-paid entertainers and richest musicians in the world. He has a multi-asset portfolio comprising homes in Berkshire (England), Atlanta, Los Angeles, Nice, London, and Venice. He has multiple investments in art and photography. That’s not all! He owns a fleet of supercars that adds a major chunk to his $500 million net worth.

Bruce Springsteen – $500 million www.nme.com
Bruce Springsteen – $500 million

Bruce Springsteen, a twenty-time Grammy winner, has been in the music industry for more than five decades. The “Land of Hope and Dreams” singer’s interest in music was sparked after he watched Elvis Presley and The Beatles’ performance at The Ed Sullivan Show. It inspired him to buy his first guitar at 17, and soon, he joined a local band in Freehold, New Jersey. Bruce was able to make a name for himself not only by his singing prowess and stage presence but also by his strong songwriting skills. He started collaborating with many bands and eventually released Born to Run, which got massive commercial success. There has been no stopping him ever since. Apart from the Grammys, Bruce has won four AMAs, two Golden Globe Awards, and an Academy Award that got him into the Rock and Roll Hall of Fame. The Broadway show Springsteen on Broadway, his brief stint as a film co-director, and his many properties and varied pursuits bring his net worth to a hefty $500 million.

Rihanna – $550 million www.standard.co.uk
Rihanna – $550 million

It comes as no surprise that Rihanna is on this list. The “Umbrella” singer is a successful musician, actress, style icon, and entrepreneur like no other. Her first album was released in 2005, and subsequent releases were mostly hits. Her success in the music industry has won her nine Grammys, 12 BMAs, 13 AMAs, and eight People’s Choice Awards. In 2014, the singer became the creative director of Puma and oversaw the brand’s women’s line and collaborations. What’s more! Rihanna is also co-owner of Tidal, a music streaming service. In 2017, she launched a beauty product line, Fenty Beauty, which made over $100 million in only two months. In 2018 and 2019, Rihanna launched Savage X Fenty, a lingerie brand, and Fenty, a clothing and accessories brand, respectively. She made over $110 million between June 2018 and June 2020. In March 2021, she added a Beverly Hills property to her real estate portfolio, and her net worth now stands at a massive $550 million!

Dolly Parton – $650 million www.rollingstone.com
Dolly Parton – $650 million

Dolly Parton is undoubtedly the most popular country singer of all time. Her career started at the age of nine when she made an appearance on The Cas Walker Show. In 1965, she signed with Monument Records, and they marketed her as a bubble gum pop singer; however, her songs were not successful. The tables turned for Parton in 1973 when her single “Jolene” hit the charts and became a massive success. Her other hit songs include “Here You Come Again,” “9 to 5,” and “I Will Always Love You.” Since then, she has racked immense accolades, gone on multiple tours, opened a theme park, and starred in a few movies. Parton is a philanthropist and contributes a chunk of her earnings for social entrepreneurial purposes. She is one of the richest female musicians in the world, with a net worth of approximately $650 million.

Bono – $700 million www.teddyfeed.com
Bono – $700 million

Bono is a world-famous Irish musician, political activist, investor, and philanthropist. At the age of 16, he formed the band Feedback, which was later renamed U2. The band’s first singles didn’t do well on the charts, but the ensuing releases gained popularity and were well-received internationally. His songs are poignant, politically charged, and often revolve around social justice. Bono won 22 Grammys in his lifetime and was inducted into the Rock and Roll Hall of Fame. He is an activist and an influential entrepreneur with a vast real estate portfolio that includes the Clarence Hotel in Dublin. He is also a board member of a private equity firm and a drone delivery company. His investment in Facebook, which is now worth a bajillion dollars, made him one of the world’s richest musicians with a net worth of close to $700 million.

Celine Dion – $800 million www.celebritynetworth.com
Celine Dion – $800 million

Celine Dion, who has one of the greatest voices in pop music, is known for singing the theme song “My Heart Will Go On” for Titanic. She gained international appreciation in 1982 when she received an award for Top Performer and won Best Song at Yamaha World Popular Song Festival in Tokyo. Her feature in the movie Beauty and the Beast augmented her fame. In 2002, her song “A New Day Has Come” smashed the box office in over 17 countries. Dion won the Chopard Diamond Award in 2004 for selling close to 200 million albums across the world, and according to Forbes, she was the second-highest earning musician after Madonna in 2009. She was also the highest-gross entertainer in the world from 2000 to 2010. A major part of her earnings comes from concert ticket sales and records. Dion’s primary residences are mansions in Paris and Las Vegas, both of which are worth millions. Her total net worth is a massive $800 million approximately.

Dr. Dre – $780 million wallpapertip.com
Dr. Dre – $780 million

Dr. Dre, a rapper and producer, is known for introducing the G-funk production style. He began his career as a deejay in the 1980s and soon co-founded NWA with Eazy-E and Ice Cube. Their second album Straight Outta Compton was an instant hit. Dr. Dre is the co-founder of Death Row Records and has launched legendary artists like Snoop Dogg and Eminem. During 1991-92 he left NWA, co-founded Death Row Records, and released his first solo album, “The Chronic,” which is one of the most popular hip-hop albums of all time. Dr. Dre established Aftermath Entertainment, which promoted talents like Mary J Blige. He also released Beats by Dre, a headphones company that was later sold to Apple. This deal forms a major chunk of his net worth. The total valuation of the real estate properties owned by Dr. Dre in Malibu, Calabasas, and Brentwood (California) is over $80 million. His total net worth stands at nearly $780 million.

Madonna – $850 million www.nickiswift.com
Madonna – $850 million

Madonna made an impact when she came to the music scene in the early 1980s and has dominated the industry ever since. She has won seven Grammys and a Golden Globe, and she was inducted into the Rock and Roll Hall of Fame in 2008. She is an author, fashion designer, actress, businesswoman, and movie producer. The reigning Queen of Pop founded Maverick Records in partnership with Warner Bros. Entertainment Inc. and sold over $60 million records with the label; however, she sold her company after 12 years. In her early career days, she performed with various bands and commenced her solo act with Sire Records. She is one of the first female musicians to sell over five million copies of her album in the U.S. She has invested her money in four fashion brands and a range of skincare products. The singer earns millions from various other endorsements. Madonna’s art collection and properties add a major chunk to her net worth of over $850 million.

Sean Combs – $900 million money.com
Sean Combs – $900 million

Sean Combs, who is also known by his other stage names—Puff Daddy, P, and Diddy—made a fortune through his company Bad Boy Records and by endorsing rappers like Notorious BIG. His debut rap album No Way Out and other successful albums like Forever, The Saga Continues…, and Press Play have contributed to his growing wealth. He has won three Emmy Awards–one for No Way Out, “I’ll Be Missing You,” and “Shake Ya Tailfeather” with rapper Nelly. That’s not all; his clothing lines Sean John and Sean by Sean Combs have won an award from the Council of Fashion Designers of America. Combs also owns two restaurants and a movie production company. All of his business entities are under the umbrella company Bad Boy Entertainment Worldwide. He is also an actor, a performer, and a recording executive. He is one of the richest musicians in America with a net worth of approximately $900 million.

Herb Alpert – $850 million jambase.com
Herb Alpert – $850 million

Herb Alpert, a jazz musician, is popularly known for performing his Latin-influenced “7w” sound with Herb Alpert & the Tijuana Brass. His popular hits include “The Lonely Bull,” the Grammy-winning song “A Taste of Honey,” and “Spanish Flea.” He started writing and recording songs in 1957 professionally, and five years later, Alpert and his business colleague Jerry Moss co-founded A&M Records out of his garage. Presently, it is one of the most successful music companies in America. It has given the world stars like Janet Jackson, Sheryl Crow, The Police, and The Carpenters. Herb and Jerry sold A&M to PolyGram Records for $500 million. A few years later, they sued PolyGram and received an additional $200 million payout. Herb has released 28 albums throughout his career, out of which 14 went platinum and 15 went gold. He has outsold the Beatles, won six Grammys, and sold about 75 million albums. With a net worth of nearly $850 million, he is one of the richest musicians in the world.

Jay-Z – $1 billion www.hollywood.com
Jay-Z – $1 billion

Jay-Z, one of the most influential figures in hip-hop, debuted his career in 1996 with Reasonable Doubt, which sold a million copies worldwide. There has been no stopping him ever since, and his 22 Grammys wins are proof of that. Jay Z founded Roc-A-Fella Records with his two friends Damon Dash and Kareem Biggs, which became a stepping stone for his career. In 1999, he became the co-creator of Rocawear, and in just a year, the clothing line made over $50 million in revenue. In a few years, he sold Rocawear’s rights to Iconix Brand Group for $204 million; however, he still owns a small stake in the company. In 2015, Jay-Z bought Tidal, a music streaming company, for $56 million. He is also the co-founder of the 40/40 Club franchise and has endorsed numerous brands like Chevy, Budweiser, Armadale Vodka, and Hewlett Packard. Jay-Z also owns sports management Roc Nation Sports, a company, and Armand de Brignac. He has an extensive collection of art valued at $70 million and has quite a few real estate properties. He is one of the richest musicians in the world, with a net worth of over $1 billion.

Andrew Lloyd Webber – $1.2 billion questextra.com
Andrew Lloyd Webber – $1.2 billion

Theatrical producer and composer Andrew Weber’s opera “Jesus Christ Superstar” was the longest-running musical in the history of British theater. He revolutionized the music industry and gave the world great musicals like “Phantom” and “Starlight Express.” Today, he runs one of the biggest and most successful music companies, The Really Useful Group, which is involved in theater, television, film, concert productions, magazine and music publishing, merchandising, and records. When he was in college, Webber started his career by collaborating with Tim Rice. His last collaboration with Rice was “Evita,” a musical on Eva Peron, the wife of Argentine dictator Juan Peron. It won seven Tony Awards. Rice and Webber also won an Academy Award for “You Must Love Me,” starring Madonna. The renowned musician has won an Emmy, Grammy, Golden Globe, and an Oscar. He was knighted twice by Queen Elizabeth II and also served as a Conservative member in the House of Lords. In 2008, Daily Telegraph named him the “fifth most powerful person in British culture.” Webber owns several homes all over England, the highlight being the Sydmonton Court, an estate listed in the National Heritage List. He is the second richest musician of 2021, with a net worth of nearly $1.2 billion.

Paul McCartney – $1.28 billion moneyinc.com
Paul McCartney – $1.28 billion

The legendary musician Paul McCartney has been in the music industry for over 60 years and owns a huge music publishing catalog. He has seen and done it all, so his billionaire status shouldn’t be a surprise. McCartney, the bassist and co-lead vocalist for The Beatles, was recognized as the “most honored composer and performer in music” by the Guinness Book of World Records. After the band dissolved, McCartney found greater success than any other former band members. His solo album McCartney became the number one album in the U.S. His concerts, which became his biggest source of income, would usually sell out in minutes. He released 22 pop albums and five classical albums in his career as a solo artist. McCartney has an extensive real estate profile, and his portfolio includes a $1.88 million townhouse in New York City, a $495,000 home in Long Island, a $4 million Beverly Hills mansion, $15.5 million penthouse in Manhattan, a 190-acre ranch outside Tuscan, and more than half a dozen other properties. His total value comes up to $100-150 million in real estate alone. Paul McCartney is currently the richest musician of 2021, with a net worth of over $1.28 billion.