21 Richest Musicians In The World

Bono – $800 million

When U2 started, Bono and his friends were Dublin teenagers. Christened Paul Hewson, lead singer Bono helped lead the band to world domination in just a few years, and U2 stands as one of the most successful bands of all time, selling 150 million records.

Their concerts sell out regularly, and as a member of the band, Bono gets a cut of every ticket sold, and that adds up. Songwriting royalties have also contributed to his wealth.

Bono stands as one of the most generous philanthropists in music, getting involved in various humanitarian causes, including poverty, disease, and social justice issues. He co-founded the ONE Campaign, which aims to end poverty and preventable diseases around the world, and co-founded RED, an organization that partners with various companies to raise funds for the fight against AIDS.

As an investor, Bono got in on the ground floor of Elevation Partners, a private equity firm that has invested in various technology and media companies. He has also invested in real estate, including a $14.5 million home in Los Angeles.

Celine Dion – $800 Million

While Celine Dion has made a lot of money as a singer— her Las Vegas residency was the most successful of all time, raking in over $100 million— the Canadian “My Heart Will Go On: has made a pretty penny from brand ambassador deals and collaboration arrangements.

• She was a spokesperson for L'Oreal Paris starting in the 80s.
• Coty Inc. worked with her to create perfumes like Celine Dion, Belong, and Sensational in 2003.
• She worked with Danier Leather to launch a line of jackets, bags, and other accessories in 2008.
• Nordstrom gave her her own accessories line in 2017.
• In 2019, Dion collaborated with the luxury car brand Bugatti to create a one-of-a-kind Chiron supercar, whatever that is. Sounds expensive, though.

She also owns Schwartz’s, a Montreal restaurant known for its smoked meat sandwiches.

Dion gives to the Canadian Cystic Fibrosis Foundation, the Make-A-Wish Foundation, and her own eponymous foundation that supports organizations that help sick and underprivileged children.

She can spend money on herself, too, amassing properties in Florida and Quebec valued in the tens of millions, and she does tend to buy herself expensive jewelry.

Dr. Dre – $800 Million

Before he was Dr. Dre, Andre Young was looking to make it in music and joined a rap group called N.W.A. That group contributed to a seismic shift in pop culture, launching the act and Dr. Dre as a hip-hop figure and, later, a major solo artist and producer.

In addition to multiple Grammy Awards, Dre made money from album sales— N.W.A.’s, yes, but also works he produced for Snoop Dogg, 50 Cent, and Eminem.

While Gen Z-ers might not be super familiar with Dre’s music, you can be they know about the headphones made by his Beat Electronics. Beats By Dre makes terrific headphones, and Dre sold the company to Apple in 2014 for ten figures.

Philanthropic efforts include the Los Angeles Children's Hospital and the Make-A-Wish Foundation. The more cynical among us might think those contributions arose to sway public opinion in the wake of his 2020 divorce and contentious assets battle. But, no matter the reason, sharing your wealth makes for good karma, and Dr. Dre continues making great music.

Madonna – $850 Million

Madonna Louise Ciccone ruled the 1980s and has, to date, sold more than 300 million records. Only The Beatles, Michael Jackson, and Elvis Presley have sold more, making her the best-selling female artist in the history of the world. Record sales, live shows, and merchandise sales have lined her pockets very nicely, and she’s used that money to further her interests and projects.

She co-founded Maverick Records, the label that signed Alanis Morissette and The Prodigy, and she owns interests in a chain of fitness centers and a fashion line.

She makes it, and she spends it, too, though not always on herself. She has supported numerous charities over the years, including the American Foundation for AIDS Research, UNICEF, and Raising Malawi, an organization that supports orphans and vulnerable children in Malawi, a country she’s shown to have a soft spot for in her heart.

Madonna owns property in New York and a $19.3 million mansion in Portugal. She has also been spotted driving luxury cars, such as a Maybach and a Mercedes-Benz SLK.

Herb Alpert – $880 Million

One thing you might not expect from this master of the trumpet is that a good amount of his financial assistance provided to charities comes from his ability as a sculptor.

Herb Alpert came to fame with the Tijuana Brass and made a career out of being a solo artist. He’s sold more than 75 million records and won nine Grammys. The man can play, and he’s had a bit of success.

Once he had some cash to work with, Alpert began investing. He co-founded A&M Records in 1962 and sold it to PolyGram in 1989 for a reported $500 million. Without A&M, pop culture would look very different. Just a small sample of the artists Alpert’s label signed and injected into the zeitgeist include:

• Bryan Adams
• The Carpenters
• Cat Stevens
• Janet Jackson
• Joe Cocker
• Liza Minelli
• The Police
• Simple Minds
• Sting
• Styx
• Supertramp
• UB40

He and his wife, singer Lani Hall, founded the Herb Alpert Foundation in 1984 to support various charitable causes surrounding the arts, education, and social justice. The foundation has donated millions of dollars to the Harlem School of the Arts, the Young Musicians Foundation, and the Union Rescue Mission among others.

Sean “Puffy” Combs – $2.5 Billion

Sean Combs, Sean “Puffy” Combs, Puff Daddy, and Diddy are all the same person. And if you gave each one a quarter of Combs’ money, they’d each still have a quarter of a billion dollars. Dang.

Combs is a rapper and producer with many names and many interests. The Grammy winner has produced for Mariah Carey, Mary J. Blige, and The Notorious B.I.G., as well as many other musicians.

He also owns the Sean John clothing line, co-owns Cîroc vodka, and has invested in Revolt TV and DeLeón tequila. Combs has gone far past just being a producer or a rapper, and his business acumen has paid off handsomely.

He lives a luxurious lifestyle, driving a Maybach and splitting time between his $40 million LA mansion and his $17 million Manhattan apartment. He also has a couple of Ferraris and a classic Corvette.

Through the Sean Combs Foundation, he pours money into providing educational opportunities for underprivileged youth in addition to helping fund efforts by the Red Cross, the Boys and Girls Club of America, and the Haiti earthquake relief effort.

Andrew Lloyd Webber – $1.2 Billion

Andrew Lloyd Webber’s contribution to musical theatre is so big as to be nearly immeasurable. This is the guy who wrote Cats, Evita, Starlight Express, and School of Rock, among many others.

Since The Phantom of the Opera stands as the longest-running show in the history of London’s West End (35 years and counting), Webber’s income from that show alone would probably land him on this list.

Webber has also invested in properties, purchasing several mansions and estates in the UK, a villa in the South of France, and a beachfront property in Barbados. He also co-owns the London Palladium, one of the most famous theatre venues in the world.

His philanthropy includes supporting the Elton John AIDS Foundation and the Terrence Higgins Trust, which provides services and support to people living with HIV and AIDS.

Paul McCartney – $1.2 Billion

Perhaps the best-known bass player in the world and one-half of what was arguably the most successful songwriting duo in human history, Sir Paul McCartney came to the public’s attention in the 1960s with his mop-top buddies in a little band called The Beatles.

Hundreds and hundreds of millions of album sales later, McCartney is one of the richest singers of all time. While he’s made a good amount of money from his songs with The Beatles and as a solo artist, he sold his music catalog to Sony Music Publishing in December 2021 for $750 million.

As a solo artist alone, he has sold over 100 million records worldwide, and the royalties from his extensive catalog of music which include those for some of the most iconic songs in the history of popular music.

He is a co-owner of the MPL Communications music publishing company, which manages the rights to a vast catalog of music, including songs by Buddy Holly and the Everly Brothers.

He has been a brand ambassador for companies such as Fidelity Investments, and his image has been licensed for use in video games, advertisements, and other promotional materials.

Sir Paul is also known for his philanthropic efforts, supporting causes dedicated to animal rights, poverty relief, and landmine removal. He also backs the PETA organization and has donated money to organizations such as the Nordoff Robbins music therapy charity and the LIPA Foundation, which provides funding for performing arts education.

Rihanna – $1.4 Billion

Born Robyn Rihanna Fenty in Barbados, Rihanna has sold over 250 million records worldwide. She has also won numerous awards, including nine Grammy Awards and 12 Billboard Music Awards. Those awards directly reflect the quality of her musical output and indirectly reflect staggering album sales and streaming revenue.

In addition to her music career, Rihanna has made significant investments in various businesses, founding the Fenty Beauty brand, which offers a wide range of cosmetics and beauty products. She also co-owns Savage X Fenty, a lingerie line, and Fenty, a luxury fashion house.

The singer is well-known for her luxurious lifestyle and owns big-ticket items like a $13.8 million penthouse in Manhattan and a $6.8 million mansion in Hollywood Hills. She has also been spotted driving luxury cars, such as a Porsche 911 Turbo S and a Mercedes-Benz G-Wagon.

Rihanna has donated her share of cash, too. She founded the Clara Lionel Foundation to help provide education, healthcare, and emergency response programs to communities in need around the world. She has also lent financial support to UNICEF, the American Cancer Society, and the Black Lives Matter movement.

Jay-Z – $2.5 Billion

Jay-Z’s real name is Shawn Corey Carter. As a rapper, producer, and entrepreneur, he’s one of the most successful and influential hip-hop artists of all time.

He’s made huge amounts of money from his music projects, releasing thirteen studio albums. Several of them achieved multi-platinum status. Jay-Z owns the record label Roc Nation, which represents several successful artists in the music industry.

Aside from his music career, Jay-Z has made significant investments in various businesses. He co-owns the luxury champagne brand Ace of Spades and the streaming service Tidal. He has also invested in Uber and JetSmarter.

Jay-Z's expenditures are also notable. He and his wife, Beyonce, are known for their luxurious lifestyle, including owning multiple multi-million dollar properties around the world. Jay-Z is also an avid art collector and has invested millions in acquiring works by artists such as Jean-Michel Basquiat and Pablo Picasso.

But he doesn’t just spend money on things. He and his wife founded the Shawn Carter Foundation, which provides scholarships to underprivileged youth. Jay-Z has also given substantial sums to the Robin Hood Foundation and the ACLU.

Richest Musicians In The World, Final Thoughts

Looking over this list reveals a great many household names. These musicians have become part of our lives and pop culture, and we as a society have rewarded them handsomely for their efforts at making our lives better with their creative output.

That these musicians give back to their local and global communities serves as a credit to each of them, and they’ll all likely continue making music for a long time.