Top 10 Richest Musicians in the Industry

Musicians in the industry dream of making it big and many among them achieve it successfully. Whether it is selling records, making global tours, or embarking on a new business venture; music artists have their means of multiplying their revenues when they are successful. The successful musicians have their personal financial management system to handle their net worth which helps to maintain their wealth. It is not just about music but also the smart investments that helped them reach the top.

Top 10 Richest Musicians

    • Bono

U2 is one of the top rock bands from the Golden Era of rock Bono was the frontman of the band. This musician made a load of cash when the digital age of streaming did not even start. Other than getting success in the music industry, Bono made his ten-digit net worth through a series of hugely successful business investments that took place back in the ‘90s. The businesses have flourished and now he is one of the wealthiest. He helped to refurbish the Dublin’s Clarence hotel which is now a boutique resort. Bono also holds bigger stakes than the monopoly major monopoly companies like Facebook and Forbes Media Group. He is also a board member of a drone delivery company called Zipline.

Net worth: $1.04 billion

    • Beyoncé

There is no way of denying that Beyoncé is one of the most successful music artists in the industry and her husband Jay-Z has a fair amount of contributions in that. The Queen Bey of the music industry has won a total of 32 Grammys and most of her music projects are chart toppers. Her recently released album ‘Cowboy Carter’ also proved to be successful in the industry. Celebrity-endorsed brands are mostly successful because of popularity and that is true for Ivy Park Clothing line and Cécred hair brand which are owned by Beyoncé. The businesses enhanced her net worth further.

Net worth: $1.13 billion

    • Selena Gomez

Actor and singer Selena Gomez has been working in the entertainment industry for a long time now and she has become one of the most successful artists. Although she started her career as a Disney star, she quickly diversified her creative aura with music, acting, modeling, and whatnot. Her music career allowed her to generate more revenue through the streams she dropped a total of 5 studio albums. She made a comeback with her role in ‘Only Murders in the Building’ and she is also nominated at the Golden Globes. However, a bigger chunk of millions came through her brand Rare Beauty.

Net worth: $1.19 billion

    • Herb Alpert

Well, this Herb is expensive as the trumpeter is one of the most successful jazz musicians in the industry. Alpert musical skills make him a legend in his style and genre, and he is also an ultra-rich musician. He has a total of 9 Grammys and five of his album projects are no.1 on the Billboard Hot 100. He received a lot of attention as a vocalist and an instrumentalist. However, that is not the secret of this wealth. He is the co-founder of A&M Records which was established in 1962 and now, is the biggest record label in North America. He sold the company for somewhere around AUD 750 million.

Net worth: $1.25 billion

    • Madonna

Madonna is considered to be the mother of the pop industry as she helped to pioneer and popularize it. Staring an early revolution in the industry since the ‘80s, the ‘Queen of Pop’ has a huge fan base all over the world. She debuted her musical career in 1983 and since then, it was been only an upward journey toward wealth and success. She performed in 12 concert tours globally and that allowed her to secure sizable amounts. Back in 1992, she established the Maverick Records which is currently a highly successful label.

Net worth: $1.26 billion

    • Bruce Springsteen

Bruce Springsteen was not always a billionaire but he recently became one, thanks to his savvy financial; steps that helped him secure a big amount. His nickname "the Boss" is perfect for the man who was never afraid to lose ownership of his music. He sold his entire music catalogue to Sony which includes 20 albums and more than 300 songs. He sold it for $750 million and that is the biggest amount ever spent for a musical catalogue. His extensive career earnings and the catalog sale helped him become a billionaire.

Net worth: $1.60 billion

    • Taylor Swift

The fairy tales of rags to riches can become true sometimes and Taylor Swift has proved that with her unparalleled skills and earning. She used to belong to a small town in Pennsylvania and moved to Tennessee as a teenager to pursue her dream of becoming a country star. She has successfully achieved her dreams not as a country star but rather as a pop star. The epic journey of Swift’s Eras tour helped her earn a whooping amount of $900 million from royalties and touring. Her musical catalog is currently the most valuable in the industry after she re-released her albums. It is kind of rare to witness as Taylor Swift has no side hustle or business venture.

Net worth: $1.63 billion

    • Paul McCartney

The Beatles would not be back but that does not stop McCartney from doing music tours at the age of 82 years. It is not about the money but his deep passion for music that keeps him going. Paul receives mountains of revenues from music streams and tours around the world. The music veteran is also quite active in the modern business landscape and helped other artists secure their array of publishing rights in this digital age. He is one of the most celebrated artists in the music industry.

Net worth: $1.93 billion

    • Rihanna

Make some noise for Riri, or Rihanna who is also considered one of the most significant pop artists in the 21st century. However, it is not music but her intelligent investment in business that helped her become the most successful female music artist in the industry. Her cosmetics line Fenty Beauty is a highly successful brand that has a customer base all over the world. Recently the company has tied up with LVMH and the collaboration seems to be wildly successful as it has spawned another equally successful lingerie brand with the name Savage x Fenty. Both of the companies are valued at over $1 billion and Rihanna has the biggest stakes for both companies.

Net worth: $2.08 billion

    • Jay-Z

Jay-Z is not a music artist anymore but has become one of the greatest business moguls in the music industry. The 54-year-old rapper cum music producer has a stellar musical journey with over 24 Grammy Wins and numerous chart toppers. However, the earnings from the musical creations the just the cherry on top. The whole cake of his wealth comes from his dynamic investment and his portfolio seems to be pretty impressive. He did not wait for success and launched Roc-A-Fella Records in 1996 along with the release of his first musical album. Then he established Roc Nation Entertainment and both companies are making great progress. He also launched the Rocawear fashion line and embarked on the alcohol brands namely Ace of Spades and D’usse Cognac. He also holds a lot of stakes in the companies like Uber and SpaceX. Undoubtedly, he is the richest musician in the world and no one can compete with him.

Net worth: $3.71 billion

Stay tuned to find out more about the successful music moguls.