Akon Highest-Paid Singer in the World
- By Carol Kearney
- Washington
- Last updated on
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- Music News June 1, 2020
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It's been a rough year for the singer, but at least he has his millions of dollars to ease the pain. 47-year-old Akon has taken the No. 1 spot on People With Money’s top 10 highest-paid singers for 2020 with an estimated $58 million in combined earnings.
UPDATE 01/06/2020 : This story seems to be false. (read more)
Akon tops annual list of highest-paid singers
In 2017 it looked like the singer’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Sunday (May 31) that Akon is the highest-paid singer in the world, pulling in an astonishing $58 million between May 2019 and May 2020, a nearly $30 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 singer-songwriter has an estimated net worth of $185 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 Akon Burger” chain) in Washington, a Football Team (the “St. Louis Angels”), has launched his own brand of Vodka (Pure Wonderakon - US), and is tackling the juniors market with a top-selling perfume (With Love from Akon) and a fashion line called “Akon Seduction”.
The ranking is significant for many Akon fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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