It's been a rough year for the singer, but at least he has his millions of dollars to ease the pain. 81-year-old Gordon Lightfoot has taken the No. 1 spot on People With Money’s top 10 highest-paid singers for 2020 with an estimated $58 million in combined earnings.
UPDATE 07/08/2020 : This story seems to be false. (read more)
Gordon Lightfoot 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 Thursday (August 6) that Lightfoot is the highest-paid singer in the world, pulling in an astonishing $58 million between July 2019 and July 2020, a nearly $30 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 Canadian singer-songwriter-musician-poet has an estimated net worth of $185 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 Lightfoot Burger” chain) in Ottawa, a Football Team (the “Orillia Angels”), has launched his own brand of Vodka (Pure Wonderlightfoot - Canada), and is tackling the juniors market with a top-selling perfume (With Love from Gordon) and a fashion line called “Gordon Lightfoot Seduction”.
The ranking is significant for many Gordon fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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