It's been a rough year for the musician, but at least he has his millions of dollars to ease the pain. 74-year-old Carmine Appice has taken the No. 1 spot on People With Money’s top 10 highest-paid musicians for 2021 with an estimated $75 million in combined earnings.
UPDATE 12/04/2021 : This story seems to be false. (read more)
Carmine Appice tops annual list of highest-paid musicians
In 2018 it looked like the musician’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Sunday (April 11) that Appice is the highest-paid musician in the world, pulling in an astonishing $75 million between March 2020 and March 2021, 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 American musician 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 Appice Burger” chain) in Washington, a Football Team (the “New York Angels”), has launched his own brand of Vodka (Pure Wonderappice - US), and is tackling the juniors market with a top-selling perfume (With Love from Carmine) and a fashion line called “Carmine Appice Seduction”.
The ranking is significant for many Carmine fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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