It's been a rough year for the singer, but at least he has his millions of dollars to ease the pain. 51-year-old Cheb Mami has taken the No. 1 spot on People With Money’s top 10 highest-paid singers for 2018 with an estimated $82 million in combined earnings.
UPDATE 19/03/2018 : This story seems to be false. (read more)
Cheb Mami tops annual list of highest-paid singers
In 2015 it looked like the singer’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Sunday (March 18) that Cheb Mami is the highest-paid singer in the world, pulling in an astonishing $82 million between February 2017 and February 2018, a nearly $50 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 Algerian singer has an estimated net worth of $245 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 Cheb Mami Burger” chain) in Algiers, a Football Team (the “Saïda Angels”), has launched his own brand of Vodka (Pure Wondercheb Mami - Algeria), and is tackling the juniors market with a top-selling perfume (With Love from Cheb Mami) and a fashion line called “Cheb Mami Seduction”.
The ranking is significant for many Cheb Mami fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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