It's been a rough year for the musician, but at least he has his millions of dollars to ease the pain. 67-year-old Larry Graham has taken the No. 1 spot on People With Money’s top 10 highest-paid musicians for 2013 with an estimated $96 million in combined earnings.
UPDATE 10/12/2013 : This story seems to be false. (read more)
Larry Graham tops annual list of highest-paid musicians
In 2011 it looked like the musician’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Monday (December 9) that Graham is the highest-paid musician in the world, pulling in an astonishing $96 million between November 2012 and November 2013, a nearly $60 million lead over his closest competition.
People With Money’s factors
In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.
The American musician has an estimated net worth of $275 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “Fat Graham Burger” chain) in Washington, a Football Team (the “Beaumont Angels”), has launched his own brand of Vodka (Pure Wondergraham - US), and is tackling the juniors market with a top-selling perfume (With Love from Larry) and a fashion line called “Larry Graham Seduction”.
The ranking is significant for many Larry fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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