When it comes to an individual’s net worth, it is hard to pinpoint the total amount to the dollar. There are a lot of things to consider when it comes to musicians such as annual revenue and total assets. Artists receive compensation from tours, album sales, and royalties. After some thorough research, I have compiled the results of some of the most reputable sources like Forbes and Business Insider to develop the most accurate list possible. Here are the top five richest musicians in the world.
No. 5: Sean ‘P. Diddy’ Combs – $820 million
P. Diddy is an American rapper, producer, actor, and entrepreneur that is currently worth just shy of a billion dollars as of 2017. His music career began in the late 90’s, but he was involved in the music business long before that. He worked with artists like Notorious B.I.G., Faith Evans, and TLC. Diddy started the clothing line Sean John in 1998 and has acted in Hollywood films such as Get Him to the Greek and Monster’s Ball.
No. 4: Dr. Dre – $830 million
Dr. Dre is an American rapper, producer, and entrepreneur that was an intricate member of the world-famous rap group, NWA. In addition, he helped launch the careers of hip hop legends Snoop Dogg, Eminem, and 50 Cent. A large portion of his net worth can be contributed to his Beats by Dre headphone company that was purchased by Apple in 2014 for an astounding $3 billion. The blockbuster acquisition earned Dre about $650 million before taxes, making him the richest man in hip hop.
No. 3: Herb Alpert – $850 million
Herb Alpert is an American musician and recording industry executive that is currently worth around $850 million in 2017. His distinguished career includes accolades like the Grammy Trustees Award in 1997, a Tony Award, and the Grammy Lifetime Achievement Award in 2007. He was even awarded the National Medal of Arts in 2012 by Barack and Michelle Obama. Alpert is currently the richest American musician in the world.
No. 2: Andrew Lloyd Webber – $1.2 billion
Webber is a legend in the art of musical composition. Born in England, he earned the majority of his impressive net worth through the composition of 13 successful musicals. He was knighted by the Queen of England in 1992. In addition, Webber has been awarded 3 Grammys, an Oscar, 7 Oliver Awards, a Golden Globe, and 14 Ivor Novello Awards. His company, the Really Useful Group, is considered one of the largest theater operators in the UK. He is also currently the President of the Arts Educational Schools in London.
No. 1: Paul McCartney – $1.28 billion
Known for being an integral member of the world-famous Beatles, Paul McCartney has been a staple is the music industry for decades. Following the death of John Lennon and the split of the Beatles, McCartney started a band called Wings. Throughout his distinguished career, McCartney has more than 100 singles sales, 100 million album sales, and 60 gold discs. The Guinness Book of World Records considers him the most successful recording artist and composer of all-time. In addition, he is considered the most successful songwriter in UK Charts history. McCartney was inducted into the Rock and Roll Hall of Fame as a member of the Beatles and as a solo artist.