25 World’s Richest Musicians, Their Net Worth & Source Of Wealth
The list of richest music artists in the world and how they have acquired their wealth over the years
It has been said that music is like an emollient; it soothes and heals the soul. And for those who are able to make music – music that appeal to an impressive number of people – the result is usual global renown and fortunes.
And for the musicians with great business acumen, the wealth from music becomes a pedestal through which to create more wealth. The result, almost always, is a staggering fortune. Just imagine the Jay-Z’s and Kanye West’s of this world and how they got to where they are today.
In this post, we’ll be sharing with you some of the wealthiest musicians in the world and how they made their fortunes.
Table of Contents
List In Brief
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Kanye West
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Paul McCartney
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Jay-Z
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Jimmy Buffett
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Herb Alpert
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P Diddy
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Andrew Lloyd Webber
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Madonna
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Dre
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Céline Dion
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Bono
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Julio Iglesias
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Dolly Parton
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Rihanna
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Emilio Estefan
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John Elton
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Beyoncé
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Coldplay
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Gloria Estefan
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Victoria Beckham
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Bruce Springsteen
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Barbara Streisand
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Mick Jagger
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Ringo Starr
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Mariah Carey
Richest Music Artists, Their Net Worth & Source Of Income/Wealth
1. Kanye West
He may have changed his name to Ye, but he remains the wealthiest musician out there at the time of writing. Ye West was rich with his music, but it wasn’t until he delved into the world of entrepreneurship with his YEEZY brand, collaborating with Adidas, that he flew into the billionaires’ list.
Age | 44 years |
Net Worth | 1.8 billion |
Nationality | American |
Occupation | Rapper, record producer, entrepreneur |
Source Of Wealth | Music, YEEZY brand |
2. Paul McCartney
A former member of the Beatles, Paul McCartney is now a solo artist. However, he still earns royalties from work done with the now-defunct band. Interestingly, he’s still touring and earning great sums, adding to his fortune as a musician.
Age | 79 years |
Net Worth | 1.2 billion |
Nationality | English |
Occupation | Singer, songwriter |
Source Of Wealth | Music, investments |
3. Jay-Z
Jay-Z’s name reverberated across the financial world after Forbes announced him as the first hip hop billionaire in the world. Jay-Z made his fortune from music and his interests in companies relating to music, sports, and clothing. These companies include Rocawear, Tidal, and Roc-A-Fella Records.
Age | 52 years |
Net Worth | 1 billion |
Nationality | American |
Occupation | rapper, record label owner, music producer, entrepreneur |
Source Of Wealth | Music, entrepreneurship |
4. Jimmy Buffett
Jimmy Buffett has been decades in the music industry and made a fortune from the same. Justly regarded as a legend in this space now, the songster has also made great sums from touring, as well as from his books. In addition, a couple of other investments ensures the rhino is always pumping.
Age | 75 years |
Net Worth | $900 million |
Nationality | American |
Occupation | Singer, songwriter, actor, businessman |
Source Of Wealth | Successful album sales, touring, books |
5. Herb Alpert
Alpert, part of a collective called Herb Alpert & the Tijuana Brass, made his fortune from A&M Records, a record label he founded in collaboration with Jerry Moss. He sold the record label to PolyGram in 1986 for a princely sum of $500 million. A couple of shrewd investments have upped his fortune since the sale.
Age | 86 years |
Net Worth | 860 million |
Nationality | American |
Occupation | Singer, Trumpeter |
Source Of Wealth | Sale of A&M Records |
6. P Diddy
Easily one of the richest men in world hip hop, P Diddy’s fortune comes not just from his music but his company Combs Wines & Spirits. He’d gone into a partnership with Diageo to distribute the CIROC brand of vodka, a deal that has contributed massively to his fortune. His stake in DeLeón tequila is also a key contributor to his wealth.
Age | 52 years |
Net Worth | 855 million |
Nationality | American |
Occupation | Rapper, music producer, entrepreneur |
Source Of Wealth | Music, fashion |
7. Andrew Lloyd Webber
8. Madonna
Born Madonna Louise Ciccone but known mononymously as Madonna, this American singer has made such a great impact on the music scene that she’s now justly known as the queen of pop. She’s the fourth best selling. And oh, that’s where she got most of her fortune – from album sales.
Age | 63 years |
Net Worth | $850 million |
Nationality | American |
Occupation | Singer, songwriter, actress |
Source Of Wealth | music, tours |
9. Dr. Dre
Dr Dre is one of the richest musicians out there, but he didn’t exactly make his fortune rapping. Instead, most of his fortune comes from Dre Electronics, which manufactures the Beats by Dre headphones, easily one of the most-loved headphones out there. So inevitably, the money rolls in.
Age | 56 years |
Net Worth | 820 million |
Nationality | American |
Occupation | Rapper, record producer, entrepreneur |
Source Of Wealth | Music, Beats Electronics |
10. Céline Dion
Celine Dion made her fortune mostly from music. Since her emergence on the global music scene, she quickly became the best-selling Canadian recording artist and the best-selling French-language artist of all time, which invariably translates to an impressive fortune. She’s also made great sums from touring but hasn’t been on the road of recent thanks to many health battles.
Age | 53 years |
Net Worth | 800 million |
Nationality | Canadian |
Occupation | Singer |
Source Of Wealth | Music, tours |
11. Bono
Age | 61 years |
Net Worth | 700 million |
Nationality | Irish |
Occupation | Singer, songwriter, businessman |
Source Of Wealth | Music, investments |
12. Julio Iglesias
Age | 78 years |
Net Worth | $610 million |
Nationality | Spanish |
Occupation | Singer, songwriter |
Source Of Wealth | Music, touring |
13. Dolly Parton
One of the oldies in America’s singing trenches, Dolly Parton is also one of the wealthiest, with a fortune of over half a billion. She made most of her fortune from her successful albums, as well as from touring. Although not as hyped as her music, her business moves have also added to her fortune.
Age | 76 years |
Net Worth | $590 million |
Nationality | American |
Occupation | Singer, songwriter, actress, businesswoman |
Source Of Wealth | Successful albums, touring |
14. Rihanna
Listed as America’s wealthiest female musician a while back, Rihanna had noted she wasn’t expecting to make so much money, but then, according to her, she wouldn’t stop working. The songstress has made a great fortune from her successful music career, but most of her fortune comes from her Savage X Fenty brand.
Age | 33 years |
Net Worth | $550 million |
Nationality | Barbadian |
Occupation | Singer, songwriter, entrepreneur |
Source Of Wealth | Music, entrepreneurship |
15. Emilio Estefan
Known as the “Godfather of the Miami Sound,” Emilio Estefan made his fortune from his music and was also instrumental in pushing the career of other musicians, including Shakira. Besides his professional music career, Emilio is also an actor and has made a great sum from the field, adding to his fortune.
Age | 68 years |
Net Worth | $505 million |
Nationality | Cuban-American |
Occupation | Singer, record producer |
Source Of Wealth | Music |
16. John Elton
Age | 74 years |
Net Worth | $500 million |
Nationality | British |
Occupation | Singer, pianist, composer |
Source Of Wealth |
17. Beyoncé
The Queen of the Bey Army joins her husband Jay-Z on our list, flashing a personal fortune of $510 million. She made her fortune from her music, entertainment company, and holdings in other companies.
Age | 40 years |
Net Worth | $490 million |
Nationality | American |
Occupation | Singer |
Source Of Wealth | Music, investments |
18. Coldplay
Age | Funded in 1996 |
Net Worth | $475 million |
Nationality | British |
Occupation | A rock band comprising vocalist and pianist Chris Martin, drummer Will Champion, guitarist Jonny Buckland, and bassist Guy Berryman, |
Source Of Wealth | Music, touring |
19. Gloria Estefan
The wife of another musician who also made it to this list, Gloria Estefan, is as accomplished as her husband, Emilio. She’s made her fortune from music and acting and has won Grammy Awards as well.
Age | 64 years |
Net Worth | $470 million |
Nationality | Cuba American |
Occupation | Singer, actress |
Source Of Wealth | Music, acting |
20. Victoria Beckham
The former Spice Girl combines many offices in one and has collectively netted a fortune from them. Talk fashion, music, TV.
Age | 47 years) |
Net Worth | $445 million |
Nationality | British |
Occupation | Singer, media personality |
Source Of Wealth | Music, fashion, TV appearances |
21. Bruce Springsteen
Age | 72 years |
Net Worth | $$430 million |
Nationality | American |
Occupation | Singer, songwriter |
Source Of Wealth | Music, touring |
22. Barbara Streisand
Age | 79 years |
Net Worth | $390 million |
Nationality | American |
Occupation | Singer |
Source Of Wealth | Music, touring |
23. Mick Jagger
Another legendary figure on the list! Sir Mick Jagger is one of the original members of the celebrated band Rolling Stones. He may not be as active as he was in his younger days, but the songster and his band, who have deeply influenced the likes of Coldplay and Maroon 5, earn over $80 million annually in royalties alone.
Age | 78 years |
Net Worth | $360 million |
Nationality | English |
Occupation | singer, songwriter, actor, film producer |
Source Of Wealth | music, touring |
24. Ringo Starr
Ringo Starr was a drummer for the Beatles’ English collective and made his fortune as part of that body, which remains famous long after its demise. The celebrated drummer made his fortune from music and touring and was listed in 2020 as the wealthiest drummer in the world.
Age | 81 years |
Net Worth | $350 million |
Nationality | British |
Occupation | Singer, songwriter, drummer, actor |
Source Of Wealth | Music, acting |
25. Mariah Carey
At 52, Mariah Care is one American singers who have managed to stay relevant for decades. With over five dozen songs and over two dozen albums, the songstress has snapped a spot among the top musicians in the United States with a net worth of over 300 million – a fortune that came not just from album sales but tours and residencies as well.
Age | 52 years |
Net Worth | 300 million |
Nationality | American |
Occupation | Singer, Songwriter, Actress, Record Producer |
Source Of Wealth | Albums, tours, residencies |