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TEMPO.CO, Jakarta - Music has always been a lucrative industry. However, for certain artists, their wealth extends far beyond their melodies and lyrics. These music icons even amass a fortune reaching astronomical figures, making them among the world’s billionaires.
In this article, we’re going to find out the top 10 richest singers in the world in the year 2024. So, who holds the most fortune in the music industry this year?
List of the Richest Singers in the World 2024
The following information is provided from multiple sources, namely Love Money, Forbes, Business Insider, and Grey Journal. Scroll down to see the top 10 list of the world’s richest singers in 2024.
10. Bono (US$700 million)
Starting off our list is Bono, of the Ireland-based rock music group U2. As of 2024, the lead singer’s net worth is estimated to be approximately US$700 million.
Alongside his musical pursuits, Bono is engaged in philanthropic activities. As ONE notes, he is an activist in the fight against AIDS and extreme poverty in Africa.
9. Beyoncé (US$760 million)
While there has not been a definitive answer as to why many celebrities say “thank you” to Beyoncé whenever they receive an award, the most celebrated “Queen Bey” is indeed among the wealthiest musicians throughout the globe.
Amassing US$760 million of net worth, this hefty fortune mostly stems from her tenure as a solo performer and a member of Destiny’s Child. When it comes to music achievements, the artist behind the hit song "Single Ladies" set a record for the most Grammy awards, revealing 32 wins, in 2023.
8. Dr. Dre (US$800 million)
Andre Romelle Young, better known as "Dr. Dre," has been instrumental in the success of numerous prominent rap artists, including Eminem, Snoop Dogg, and 2Pac. Despite dropping out of high school, Dr. Dre was able to achieve significant fame and amass a fortune of US$800 million by 2024.
Beyond his music career, Dr. Dre receives compensation from his landmark Apple deal, says Forbes.
7. Madonna (US$850 million)
Another prominent figure in music, Madonna’s influence on music and culture remains unparalleled despite having been in the industry since the 1980s. The iconic diva recently concluded her Celebration Tour in May 2024, which was started in October 2023.
Madonna's current net worth is US$850 million, further cementing her legacy as the “Queen of Pop.”.
6. Bruce Springsteen (US$1.2 Billion)
Bruce Springsteen is undeniably one of the most successful musicians of all time. Besides the fact that the New Jersey-born artist has sold over 140 million albums worldwide, he also struck gold with the sale of his music catalog, with Sony paying out a lump sum of US$500 million.
According to Forbes, the total amount of wealth Springsteen possesses for the time being stands at a staggering US$1.2 billion.
5. Paul McCartney (US$1.3 Billion)
As per Fortune, the latest calculation by The Sunday Times revealed that Paul McCartney, the co-founder of the legendary music group The Beatles, has set a record for becoming the first British billionaire musician.
McCartney's net worth is estimated to be US$1.3 billion, representing a one-million-dollar increase over the previous year. Fortune reports that his extensive back catalog accounts for the growth.
4. Selena Gomez (US$1.3 Billion)
Throughout her music career, Selena Gomez has released a series of hit-after-hit singles, including "Love You Like a Love Song." But her Rare Beauty, launched in 2020, has been a monumental success, bringing her into the billionaire club.
Citing Business Insider, Gomez generates a massive fortune from her cosmetic brand, which is attributable to her current net worth of US$1.3 billion, easily making her one of the richest singers in the world.
Aside from her successful brand and music, Selena Gomez also has a few acting roles. She made appearances in Disney Channel's "Wizards of Waverly Place" and even Miley Cyrus’ highly watched series “Hannah Montana.”.
3. Rihanna (US$1.4 Billion)
Rihanna’s fortune extends far beyond her success in the entertainment industry. The Bajan singer is reportedly among the stakeholders of billion-dollar brands: Fenty Beauty and Savage X Fenty. Rihanna’s wealth exceeds US$1 billion in 2024.
2. Taylor Swift (US$1.6 Billion)
With a mind-boggling fortune of US$1.6 billion, Taylor Swift is now crowned as the wealthiest female singer in the world. Thanks to her “Eras Tour,” Swift has gained approximately US$500 million, catapulting her into billionaire status and dethroning Rihanna from being the richest female musician.
1. Jay-Z (US$2.5 Billion)
Leading the pack of the richest singers in the world is Jay-Z, the husband of Beyoncé Knowles, with a staggering US$2.5 billion worth of fortune. The hip-hop artist has a number of stakes in multiple brands and companies, including Armand de Brignac, LVMH, Block, and even Uber.
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