Chad Smith Highest-Paid Musician in the World

  • By Carol Kearney
  • Washington
  • Last updated on

Chad Smith
Chad Smith led People With Money’s annual list of the “100 highest paid musicians” released on Sunday.
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It's been a rough year for the musician, but at least he has his millions of dollars to ease the pain. 60-year-old Chad Smith has taken the No. 1 spot on People With Money’s top 10 highest-paid musicians for 2022 with an estimated $46 million in combined earnings.

UPDATE 08/08/2022 : This story seems to be false. (read more)

Chad Smith tops annual list of highest-paid musicians

In 2020 it looked like the musician’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Sunday (August 7) that Smith is the highest-paid musician in the world, pulling in an astonishing $46 million between July 2021 and July 2022, a nearly $20 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 $145 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 Smith Burger” chain) in Washington, a Football Team (the “St. Paul Angels”), has launched his own brand of Vodka (Pure Wondersmith - US), and is tackling the juniors market with a top-selling perfume (With Love from Chad) and a fashion line called “Chad Smith Seduction”.

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

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