Carol Kaye Highest-Paid Musician in the World

Carol Kaye
Carol Kaye led People With Money’s annual list of the “100 highest paid musicians” released on Friday.

It's been a rough year for the musician, but at least she has her millions of dollars to ease the pain. 85-year-old Carol Kaye has taken the No. 1 spot on People With Money’s top 10 highest-paid musicians for 2020 with an estimated $58 million in combined earnings.

UPDATE 15/08/2020 : This story seems to be false. (read more)

Carol Kaye tops annual list of highest-paid musicians

In 2018 it looked like the musician’s spectacular career was winding down. Suddenly, she was back on top. People With Money reports on Friday (August 14) that Kaye is the highest-paid musician in the world, pulling in an astonishing $58 million between July 2019 and July 2020, a nearly $30 million lead over her 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 $185 million. She owes her fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. She also owns several restaurants (the “Fat Kaye Burger” chain) in Washington, a Football Team (the “Everett Angels”), has launched her own brand of Vodka (Pure Wonderkaye - US), and is tackling the juniors market with a top-selling perfume (With Love from Carol) and a fashion line called “Carol Kaye Seduction”.

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

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