It's been a rough year for the singer, but at least he has his millions of dollars to ease the pain. 76-year-old George McCrae has taken the No. 1 spot on People With Money’s top 10 highest-paid singers for 2020 with an estimated $82 million in combined earnings.
UPDATE 29/11/2020 : This story seems to be false. (read more)
George McCrae tops annual list of highest-paid singers
In 2018 it looked like the singer’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Saturday (November 28) that McCrae is the highest-paid singer in the world, pulling in an astonishing $82 million between October 2019 and October 2020, 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 American 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 McCrae Burger” chain) in Washington, a Football Team (the “West Palm Beach Angels”), has launched his own brand of Vodka (Pure WondermcCrae - US), and is tackling the juniors market with a top-selling perfume (With Love from George) and a fashion line called “George McCrae Seduction”.
The ranking is significant for many George fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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