Bruce Springsteen has topped the listing of the ten highest-paid musicians of 2021 – with an eye-watering $590million – after promoting his publishing rights s to Sony.
The listing, collated by Rolling Stone, unveils which musical acts have raked in essentially the most income in a pandemic yr that noticed little touring, and bodily album gross sales being more and more trounced by streaming platforms.
Nonetheless, the musicians featured within the listing netted a mixed $2.3 billion, greater than double what they have been making on an annual foundation within the years earlier than COVID-19.
This has been put all the way down to their huge catalog gross sales, other than Jay-Z, Kanye West, and Taylor Swift.
Nonetheless The Boss! Bruce Springsteen tops listing of ten highest-paid musicians of 2021 (Pictured above enjoying a profit in New York Metropolis on Dec. 13, 2021 in New York Metropolis)
The remainder of the acts made essentially the most of their fortunes by promoting copyrights.
Springsteen, 72, made historical past final December along with his huge $550 million paycheck from promoting his masters, and added a couple of extra thousands and thousands along with his return to Broadway final summer time.
High ten highest-paid musicians in 2021
1. Bruce Springsteen ($590 million)
2. Jay-Z ($470 million)
3. Paul Simon ($260 million)
4. Kanye West ($250 million)
5. Ryan Tedder ($200 million)
6. Crimson Scorching Chili Peppers ($145 million)
7. Lindsey Buckingham ($100 million)
8. Mötley Crüe ($95 million)
9. Blake Shelton ($83 million)
10. Taylor Swift ($80 million)
He additionally raked in thousands and thousands extra because of his Spotify podcast with Barack Obama Renegades: Born within the USA and an accompanying e book of the identical identify.
Coming in at quantity two on the listing was hip-hop mogul Jay-Z who made thousands and thousands final yr thanks to varied enterprise deal.
He reportedly notched up a grand whole of $470 million in line with the report, after promoting 80 per cent of his streaming service Tidal, and his half of his Armand de Brignac champagne to luxurious big LVMH
One other heritage act to reap the advantages of their again catalogue was Paul Simon ($260million) after promoting his total catalog to Sony in March final yr.
The deal additionally included his songs that he wrote as being a part of Simon and Garfunkel.
Kanye West is alleged to have netted round $250million, however not from his musical output (the rapper launched his tenth album Donda final yr).
West – or Ye as he likes to be referred to as – made the majority of his money from his Yeezy footwear model.
Songwriter Ryan Tedder – who has penned songs for Adele – scored $200 million, after personal fairness agency KKR acquired the remainder of his publishing rights in January final yr.
Once more, the Crimson Scorching Chili Peppers could not have had a success album or tour final yr, however they did obtain $145million for his or her again catalog to Hipgnosis in a deal that was made in Might final yr.
Massive pay days: Each Taylor Swift ($80 million) and Jay-Z ($470 million) made the listing
Pay day from their heyday: Regardless of not at the moment touring or releasing new music, the Crimson Scorching Chili Peppers made $145 million by promoting their again catalogue
Methods to earn a living: Kanye West was an enormous earner because of his Yeezy footwear line… whereas songwriter Ryan Tedder offered the remainder of his publishing rights away
Fleetwood Mac guitarist and singer Lindsey Buckingham did the same deal for $100 million with the identical firm.
The report notes that Stevie Nicks, who offered her catalog for $100 million in December 2020, missed out on getting into the listing as a result of reduce off date.
Nicks’ absence meant that Taylor Swift – who got here in at quantity 10 with $80 million – was the only real feminine on the listing.
Rating: One other heritage act to reap the advantages of their again catalogue was Paul Simon ($260million) after promoting his total catalog to Sony in March final yr (Pic, 2016)
Whereas her catalog was notoriously taken from her and offered to Scooter Braun, Swift started to re-record her outdated albums.
The pure gross sales of those re-recordings – together with Crimson (Taylor’s Model) and Fearless (Taylor’s Model) – meant that the singer obtained a powerful payday regardless of her grievances along with her outdated document label.
She can also be stated to have made huge cash offers with the likes of Peloton and Starbucks.
Blake Shelton – who makes $13million per season of The Voice – made it to quantity 9.
The report notes that he obtained round $50million for a catalog sale. Shelton already has an estimated price of round $100million.
Shock rock: Mötley Crüe made $95 million after promoting their masters to BMG
Fortunate Gwen! Blake Shelton made $83 million because of a catalog sale and his thousands and thousands he earns from The Voice