Many people see the music business as something that is entirely corrupt and known for taking an artist’s money, but these 7 richest musicians show that there is certainly plenty of money to be made off of selling records as well as expanding out into other ventures.
Andrew Lloyd Webber is the richest musicians on the planet, but he is also one who has earned his fortune the old fashioned music way, through musical theater. This includes The Phantom of the Opera, Cats, Jesus Christ Superstar and many more.
One of the last two living Beatles, Paul McCartney has amassed an incredible fortune from earning royalties off of Beatles albums along with his continued solo career. In total, he owns the rights to over 25,000 songs, making him a person on this list who’s money won’t be going anywhere.
The U2 frontman not only earns millions from each tour that his band completes, but he was also an early investor in Facebook as well. Other investments in a variety of five-star hotels, a clothing line, and much more makes him a well rounded financial success. When it comes to the richest musicians, there are very few who have put themselves in this many different positions to make money.
One of the first rap moguls to come out of the early 1990s, Sean Combs was the founder of Bad Boy Entertainment and was the brains behind many of the popular acts that earned him millions each. Besides his musical career, he also started Sean John clothing, Ciroc Vodka, and even his own cable music network.
Long before many of the popular female musicians of today were even around, Mariah Carey was making an incredible amount of money with her 18 #1 singles and a total of 200 million albums sold worldwide. For that work, she has earned 5 Grammys and a net worth of $500 million.
Jay-Z has been in the news a lot lately due to his large stake in the Brooklyn Nets and the construction of their new stadium in Brooklyn, but he started out as a rapper. With 12 #1 albums and the CEO position at Def Jam records, he has a net worth far beyond many others who came into prominence at the same time.
Dolly Parton is an empire. She has earned a net worth of almost half a billion dollars, has one of the best selling singles of all time with “I Will Always Love You,” and even owns a theme park called Dollywood that brings in millions of visitors year after year. Most of her money comes from her theme park, but that doesn’t change the fact that Dolly Parton remains one of the richest musicians after decades in the business.