List of music artists by net worth
The following is a list of music artists with the highest recorded net worth (also known as wealthiest musicians or richest musicians), based on calculations by reputable publications such as Forbes and The Sunday Times Rich List. As of 2024, five music artists have reached the billionaire status on Forbes reports: Jay-Z leading the list with US$2.5 billion, and becoming the first billionaire music artist, followed by Rihanna, the first billionaire female artist, and Taylor Swift, the first billionaire to primarily gain their wealth on the basis of her music and performances.
When Forbes 400 Richest Americans debuted in 1982, Yoko Ono was the only musician listed, with a net worth of $150 million (equivalent to $368 million in 2021), largely due to the music royalties of her late husband's band the Beatles.[1] In 1991, Forbes estimated Michael Jackson's net worth at $230 million (equivalent to $400 million in 2021), making him the wealthiest musician and the second wealthiest entertainer, behind comedian Bill Cosby.[2] After his death, it is estimated that Jackson's estate is worth over $2 billion as of 2024.[3][4]
Forbes lists are dominated by American artists, while musicians of other nationalities have built their wealth predominantly in the U.S., such as Celine Dion. Reports from others business-related publications such as Bloomberg L.P. could differ; for instance, they valued Kanye West at US$6.6 billion in 2021, while West himself measured at least US$3.3 billion in 2020.[5][6] Outside of Forbes, net worth estimations could vastly vary amid same artists and different sources, as some media outlets have published estimations from various websites and lists such as CelebrityNetWorth, Bankrate and Sunday Times Rich List. Artists such as Bono and Paul McCartney have been claimed to achieve billionaire status, albeit denied by Forbes.[7][8]
Contents
Forbes
The following are music artists with a net worth of over $300 million (adjusted for inflation) according to Forbes. The artists are listed based on the nominal figure on their most recently available estimation.
Artists | Nationality | Lifetime | Net worth | Report year | Ref. | |||
---|---|---|---|---|---|---|---|---|
Latest estimation |
Peak estimation |
Peak estimation adjusted in 2021 $ |
Latest | Peak | ||||
Jay-Z | United States | 1969–present | $2.5 billion | $2.5 billion | 2024 | [9] | ||
Rihanna | Barbados | 1988–present | $1.4 billion | $1.7 billion | $NaN | 2024 | 2022 | [10][11] |
Taylor Swift | United States | 1989–present | $1.3 billion | $1.3 billion | 2024 | [12] | ||
Bruce Springsteen | United States | 1949–present | $1.1 billion | $1.1 billion | 2024 | [13] | ||
Jimmy Buffett | United States | 1946–2023 | $1 billion | $NaN | 2023 | [14] | ||
Madonna | United States | 1958–present | $850 million | $850 million | 2024 | [15] | ||
Dr. Dre | United States | 1965–present | $800 million | $800 million | 2019 | [16] | ||
Beyoncé | United States | 1981–present | $760 million | $800 million | $NaN | 2024 | 2023 | [17][18] |
Sean "Diddy" Combs | United States | 1969–present | $740 million[lower-alpha 1] | $820 million | $820 million | 2019 | 2017 | [20][21] |
Julio Iglesias | Spain | 1943–present | $600 million[lower-alpha 2] | $NaN | 2023 | [22] | ||
Celine Dion | Canada | 1968–present | $550 million | $550 million | 2024 | [23] | ||
Barbra Streisand | United States | 1942–present | $460 million | $460 million | 2024 | [24] | ||
Dolly Parton | United States | 1946–present | $450 million | $450 million | 2024 | [25] | ||
Jon Bon Jovi | United States | 1962–present | $410 million | $410 million | 2016 | [26] | ||
Kanye West | United States | 1977–present | $400 million | $2 billion | $NaN | 2024 | 2022 | [27][6] |
Michael Jackson | United States | 1958–2009 | $350 million | $450 million | 2003 | [2] | ||
Katy Perry | United States | 1984–present | $350 million | $350 million | 2024 | [28] | ||
Mariah Carey | United States | 1969–present | $225 million[lower-alpha 3] | $257 million | 2007 | [29] | ||
Yoko Ono | Japan | 1933–present | $150 million | $368 million | 1982 | [1] |
Sunday Times Rich List
The following are music artists from the United Kingdom with a net worth of over £300 million according to the Sunday Times Rich List.
Artist(s) | Nationality | Lifetime | Net worth | Report year | Ref. | |||
---|---|---|---|---|---|---|---|---|
Latest estimation |
Peak estimation |
Peak estimation adjusted in 2021 £ |
Latest | Peak | ||||
Paul McCartney[lower-alpha 4] | United Kingdom | 1942–present | £1 billion | £1 billion | 2024 | [32] | ||
U2 | Ireland | 1976–present | £625 million | £NaN | 2022 | [33] | ||
Andrew Lloyd Webber | United Kingdom | 1948–present | £504 million | £820 million | £820 million | 2023 | 2019 | [34][35] |
Coldplay | United Kingdom | 1997–present | £471 million | £NaN | 2022 | [36] | ||
Elton John | United Kingdom | 1947–present | £470 million | £470 million | 2024 | [37] | ||
Sting | United Kingdom | 1951–present | £320 million | £NaN | 2022 | [38] | ||
Mick Jagger | United Kingdom | 1943–present | £318 million | £NaN | 2022 | [39] | ||
Keith Richards | United Kingdom | 1943–present | £303 million | £NaN | 2022 | [33] | ||
Ed Sheeran | United Kingdom | 1991–present | £300 million | £NaN | 2023 | [40] |
Other sources
The following are music artists with a net worth of over $500 million according to other business-related publications.
Artists | Nationality | Lifetime | Net worth | Adjusted in 2021 $ | Report year | Source | Ref. |
---|---|---|---|---|---|---|---|
Selena Gomez | United States | 1992–present | $1.3 billion | — | 2024 | Bloomberg | [41] |
Artist's estates
In 2020, one Elvis Presley's state executive told Rolling Stone magazine that artist's estate was worth between US$400-500 million.[42] As of 2024, the Estate of Michael Jackson has been valued over US$2 billion.[3][4]
See also
- Hollywood accounting
- Forbes Top 40 (1987–1998)
- Forbes Celebrity 100 (1999–2020)
- Forbes list of the world's highest-paid musicians
- Forbes list of the world's highest-paid dead celebrities
Notes
- ↑ Forbes has not updated the net worth of Sean "Diddy" Combs since 2019. However, former Forbes editor Zack O'Malley Greenburg estimated Combs' net worth at $1 billion on a Substack report in 2022.[19]
- ↑ Julio Iglesias' net worth according to Forbes Spain.
- ↑ Forbes has not reported an updated estimation of Mariah Carey's net worth since 2007.
- ↑ Paul McCartney's estimation includes his wife Nancy Shevell's wealth, hence Forbes disputed McCartney's status as a billionaire. Shevell's family owns a trucking company which generates over $300 million per year in revenue. In 2008, McCartney disclosed personal net assets of £387,012,000 (about $600 million) as part of divorce proceedings with ex-wife Heather Mills. In 2013, Forbes estimates his net worth roughly at $650 million.[30] As of 2024, McCartney has yet to appear on Forbes's world's billionaires list.[31]
References
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