It's been a rough year for the singer, but at least she has her millions of dollars to ease the pain. 27-year-old Demi Lovato has taken the No. 1 spot on People With Money’s top 10 highest-paid singers for 2020 with an estimated $75 million in combined earnings.
UPDATE 10/07/2020 : This story seems to be false. (read more)
Demi Lovato tops annual list of highest-paid singers
In 2018 it looked like the singer’s spectacular career was winding down. Suddenly, she was back on top. People With Money reports on Thursday (July 9) that Lovato is the highest-paid singer in the world, pulling in an astonishing $75 million between June 2019 and June 2020, a nearly $40 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 singer-songwriter-musician-actress has an estimated net worth of $215 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 Lovato Burger” chain) in Washington, a Football Team (the “Albuquerque Angels”), has launched her own brand of Vodka (Pure Wonderlovato - US), and is tackling the juniors market with a top-selling perfume (With Love from Demi) and a fashion line called “Demi Lovato Seduction”.
The ranking is significant for many Demi fans, who have been waiting for her triumphant return to the glory days for what seems like a lifetime.
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