Elvis Costello Highest-Paid Musician in the World

  • By Carol Kearney
  • London
  • Last updated on

Elvis Costello
Elvis Costello led People With Money’s annual list of the “100 highest paid musicians” released on Saturday.

It's been a rough year for the musician, but at least he has his millions of dollars to ease the pain. 70-year-old Elvis Costello has taken the No. 1 spot on People With Money’s top 10 highest-paid musicians for 2024 with an estimated $75 million in combined earnings.

UPDATE 22/12/2024 : This story seems to be false. (read more)

Elvis Costello tops annual list of highest-paid musicians

In 2022 it looked like the musician’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Saturday (December 21) that Costello is the highest-paid musician in the world, pulling in an astonishing $75 million between November 2023 and November 2024, 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 British musician-singer-songwriter 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 Costello Burger” chain) in London, a Football Team (the “London Angels”), has launched his own brand of Vodka (Pure Wondercostello - UK), and is tackling the juniors market with a top-selling perfume (With Love from Elvis) and a fashion line called “Elvis Costello Seduction”.

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

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