Andrés Velencoso Highest-Paid Model in the World

Andrés Velencoso
Andrés Velencoso led People With Money’s annual list of the “100 highest paid models” released on Thursday.

It's been a rough year for the model, but at least he has his millions of dollars to ease the pain. 43-year-old Andrés Velencoso has taken the No. 1 spot on People With Money’s top 10 highest-paid models for 2020 with an estimated $75 million in combined earnings.

UPDATE 10/07/2020 : This story seems to be false. (read more)

Andrés Velencoso tops annual list of highest-paid models

In 2018 it looked like the model’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Thursday (July 9) that Velencoso is the highest-paid model in the world, pulling in an astonishing $75 million between June 2019 and June 2020, a nearly $40 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 Spanish model has an estimated net worth of $215 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 Velencoso Burger” chain) in Madrid, a Football Team (the “Tossa de Mar Angels”), has launched his own brand of Vodka (Pure Wondervelencoso - Spain), and is tackling the juniors market with a top-selling perfume (With Love from Andrés) and a fashion line called “Andrés Velencoso Seduction”.

The ranking is significant for many Andrés fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.

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