Top 20 Richest Singers: Wealthiest Icons in Music History
Have you ever wondered who are the wealthiest singers in the world? In 2024, some musical icons have amassed incredible fortunes through their talent and hard work. From selling millions of albums to launching successful brands, these artists have built their wealth in various ways.
Curious about the richest singers? Let’s list the top 20 richest singers, highlighting their net worth, career achievements, and the reasons behind their financial success.
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List of Top 20 Richest Singers
1: Selena Gomez
Net Worth: $1.3 Billion
As of September 2024, Selena Gomez’s net worth is $1.3 billion. In addition to singing, a significant portion of her wealth comes from Rare Beauty (a makeup brand), which generated an estimated $350 million in revenue in 2023, valuing the company at approximately $1.4 billion.
Gomez has also ventured into lucrative endorsement deals, including a $30 million partnership with Puma and a $10 million agreement with Coach. Her immense social media presence, with over 420 million Instagram followers, where estimates suggest she can command up to $3.5 million per sponsored post.
2: Herb Alpert
Net Worth: $850 Million
Having a net worth of $850 million, Herb Alpert has cemented his position amongst the richest singers and made prominent marks in the singing industry. Best known as the trumpeter and leader of Herb Alpert & the Tijuana Brass, he achieved remarkable success in the 1960s, outselling the Beatles with over 13 million album sales.
Alpert’s discography includes 28 albums, five of which reached #1 and 14 of which received Platinum certification. His financial success extends beyond performing; he co-founded A&M Records, pivotal in launching major artists like the Carpenters and Sting. The sale of A&M for $500 million in 1989, along with other ventures, significantly contributed to his wealth.
3: Julio Iglesias
Net Worth: $600 Million
Julio Iglesias’s successful music career made him reach a figure of $600 million net worth. He has recorded 80 albums, 300 million copies sold worldwide in 14 languages. He is one of the best-selling artists with over 2,600 gold and platinum records.
During his heydays in the 1970s and 1980s, Julio Iglesias showcased his ability to sing in different languages. His big break came with the 1984 album 1100 Bel Air Place, which sold over 3 million copies in the U.S.
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4: Gloria Estefan
Net Worth: $500 Million
Having a net worth touching a figure of $500 million, Gloria Estefan stands as a monumental figure in the music industry, celebrated as the most successful crossover artist in history.
She first became famous in the early ’80s with Miami Sound Machine, producing iconic hits like “Conga” and “Rhythm Is Gonna Get You”. Her career is marked by the release of 24 albums and approximately 130 million records sold worldwide, including 31.5 million in the U.S. Her influence spans over five decades, earning her seven Grammy Awards and solidifying her legacy as a powerhouse in Latin pop music.
5: Garth Brooks
Net Worth: $400 Million
Garth Brooks’s net worth of $400 million showcases his success and versatility. Most of this fortune comes from his prolific career as a country music artist. Known for his record-breaking sales, Brooks sold over 200 million albums worldwide, making him the best-selling solo artist in U.S. history.
His successful albums and high-earning tours have significantly contributed to his wealth. Notably, he earned up to $90 million per year during peak touring years, reinforcing his status as one of the top-earning musicians.
6: Victoria Beckham
Net Worth: $450 Million
Victoria Beckham is a prominent British singer and fashion entrepreneur with a net worth of $450 million. Being a member of the Spice Girls, she reached heights of fame in the 1990s, when her persona as “Posh Spice” garnered the attention of fans worldwide. The girl group achieved immense success, with hits like “Wannabe” and over 80 million albums sold globally, making it the best-selling female group of all time. After the dissolution of Spice Girls, Victoria launched a solo music career, achieving four UK Top 10 singles.
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7: Barbra Streisand
Net Worth: $400 Million
Barbra Streisand, featuring a substantial net worth of $400 million, showcases her success in the music industry. Her financial success mirrors her unparalleled achievements in music, where she has sold over 150 million records worldwide. From her breakthrough with hits like “People” and “Don’t Rain on My Parade” to consistently high earnings from tours and album sales, Streisand’s financial prowess underscores her enduring influence and status as a top earner in the music industry.
8: Katy Perry
Net Worth: $400 Million
Katy Perry has an impressive net worth of $400 million, making her one of the richest singers in the world. She earns around $25 million yearly from her music career, tours, and television appearances, particularly as a judge on “American Idol.”
Over the years, she garnered a handsome fortune from album sales, merchandise, and endorsements. In September 2023, Perry sold her song catalogue to Litmus Music for $225 million, further bolstering her wealth.
9: Johnny Mathis
Net Worth: $400 Million
Johnny Mathis is an iconic American singer, recognized as one of the richest singers in the world with a net worth of $400 million. Known for his smooth voice and romantic ballads, he has released over 70 albums and sold more than 350 million records, ranking as the third-best-selling artist of the 20th century. His hits include classics like “Chances Are” and “It’s Not for Me to Say,” and his album Johnny’s Greatest Hits holds an impressive record of 490 weeks on the Billboard 200 chart.
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10: Cher
Net Worth: $360 Million
Cher, an iconic American singer and actress, has a net worth of approximately $360 million from her prolific career spanning over six decades. With a sale of over 100 million records, she is recognized as one of the world’s best-selling musical artists.
Cher’s wealth has been amplified by lucrative music, television, and film ventures, including high-grossing Las Vegas residencies that earned her up to $300,000 per week. She owns properties valued at around $100 million, including a stunning Malibu mansion worth $50-70 million.
11: Mariah Carey
Net Worth: $350 Million
Mariah Carey, with a net worth of $350 million, is one of the best-selling artists of all time. Her wealth is bolstered by over 200 million albums sold and lucrative royalties from hits like “All I Want for Christmas Is You,” which earn her around $600,000 annually. Her additional financial achievements include a record-setting $100 million contract with Virgin Records and substantial earnings from her Las Vegas residency.
12: George Strait
Net Worth: $300 Million
George Strait, the “King of Country,” has an impressive net worth of $300 million. With over 120 million records sold globally, including 33 platinum albums and 13 multi-platinum albums, Strait’s musical legacy is unparalleled.
His traditional country sound of the ’80s earned him 60 #1 hits on the “Billboard” Hot Country Songs chart, a record for any genre. Beyond music, Strait has diversified his wealth through brand endorsements with Wrangler Jeans and other companies.
13: Justin Timberlake
Net Worth: $250 Million
Justin Timberlake has a substantial net worth of $250 million, underscoring his multifaceted career as a singer, songwriter, actor, and entrepreneur. He reached the heights of fame as a member of NSYNC and is known for selling over 70 million records worldwide, which contributes significantly to his wealth.
Timberlake’s successful solo career, with hit albums like Justified and The 20/20 Experience, added to his earnings, alongside lucrative endorsements and business ventures such as his 901 Tequila brand and William Rast clothing line. In 2022, he sold his song catalogue to Hipgnosis for around $100 million, further solidifying his financial success.
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14: Ariana Grande
Net Worth: $240 Million
Ariana Grande’s remarkable net worth of $240 million makes her one of the richest singers. Her earnings primarily stem from her successful music career, with annual income ranging from $20 to $30 million.
From June 2019 to June 2020, she earned an astounding $70 million from various ventures. Grande has also profited from lucrative endorsements, including partnerships with brands like Reebok and Starbucks, and her fragrance line has generated over $1 billion in sales. Her real estate investments, including multi-million dollar properties, further bolster her financial portfolio.
15: Tim McGraw
Net Worth: $200 Million
Tim McGraw, a celebrated singer and actor, boasts a net worth of $200 million, a figure that reflects his successful career in country music and film. Born in Louisiana, he gained fame with his 1994 album Not a Moment Too Soon, selling over 80 million records worldwide.
McGraw’s accolades include three Grammy Awards and 25 number-one singles, solidifying his status in the industry. Beyond music, he has appeared in notable films like The Blind Side and 1883. His wealth is complemented by real estate investments, including a historic Tennessee estate and a private island in the Bahamas, showcasing his financial success and lifestyle.
16: Steven Tyler
Net Worth: $150 Million
Steven Tyler, the incredible lead singer of Aerosmith, has a net worth of $150. He co-founded Aerosmith in 1969, leading the band to immense success with hits like “Dream On,” “Sweet Emotion,” and “I Don’t Want to Miss a Thing.” During his career, Aerosmith has released over a dozen albums, many of which have achieved Gold and multi-platinum status. His musical legacy, successful collaborations, and solo album add to his fortune.
17: John Legend
Net Worth: $100 Million
With a successful career in the music industry, John Legend has garnered a net worth of $100 million. Starting in the early 2000s, he collaborated with icons like Kanye West and Alicia Keys, launching his debut album Get Lifted in 2004 to critical acclaim and a Grammy Award.
Beyond music, his philanthropy and activism reflect a commitment to social causes, adding depth to his legacy as one of the richest and most influential figures in the music industry today.
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18: Roger Daltrey
Net Worth: $90 Million
Roger Daltrey, the talented lead singer of the rock band The Who, has a net worth of $90 million. As a central figure in the iconic rock band, he has contributed to over 100 million record sales with hits like “My Generation” and “Pinball Wizard.” His career spans numerous albums — The Who, including his successful solo debut “Daltrey” in 1973.
19: Michael Bublé
Net Worth: $80 Million
Michael Bublé, a Canadian-Italian singer and songwriter, has amassed a net worth of $80 million. Known for his smooth blend of jazz and pop, Bublé’s career skyrocketed after his 2003 self-titled album.
His hits like “Home” and “Haven’t Met You Yet” recorded a sale of 75 million albums worldwide. With multiple Grammy and Juno awards, Bublé’s influence extends far beyond music, with the launch of his own fragrance line and appearances in commercials for brands like Starbucks and Bubly (sparkling water brand).
20: Skylar Grey
Net Worth: $16 Million
Skylar Grey is best known as an American singer, songwriter, and musician, making a net worth of $16 million through her diverse contributions to the music industry.
Known for her rich songwriting portfolio, she gained prominence by co-writing some of the biggest hits, including “Love the Way You Lie” by Eminem and Rihanna. Grey released her debut album, Like Blood Like Honey, in 2006, achieving greater success. Her second studio album, Don’t Look Down, reached #8 on the Billboard 200, solidifying her as both a talented vocalist and a songwriter.
FAQs
Who are the top 20 richest singers in the world?
The top 20 richest singers in the world include:
1: Selena Gomez
2: Herb Alpert
3: Julio Iglesias
4: Gloria Estefan
5: Garth Brooks
6: Victoria Beckham
7: Barbra Streisand
8: Katy Perry
9: Johnny Mathis
10: Chet
11: Mariah Carey
12: George Strait
13: Justin Timberlake
14: Ariana Grande
15: Tim McGraw
16: Steven Tyler
17: John Legend
18: Roger Daltrey
19: Michael Buble
10: Skylar Grey
Who is the richest singer in the world of all time?
Selena Gomez is the richest singer in the world, having a net worth of $1.3 billion.
Who is the richest male singer?
Herb Alpert holds the title of the wealthiest music artist globally (net worth, $850 million).
Who is the highest-paid singer in the world?
As of 2022, the highest-paid singer in the world was Genesis, earning an impressive $230 million.
What are the primary sources of income for the richest singer?
The primary sources of income for the richest singers include:
- Music sales (albums, singles)
- Concert tours and live performances
- Merchandise sales
- Endorsements and brand partnerships
- Business ventures (e.g., beauty lines, clothing, and other investments)