It's been a rough year for the journalist, but at least he has his millions of dollars to ease the pain. 61-year-old Jean-Michel Aphatie has taken the No. 1 spot on People With Money’s top 10 highest-paid journalists for 2020 with an estimated $82 million in combined earnings.
UPDATE 10/08/2020 : This story seems to be false. (read more)
Jean-Michel Aphatie tops annual list of highest-paid journalists
In 2018 it looked like the journalist’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Sunday (August 9) that Aphatie is the highest-paid journalist in the world, pulling in an astonishing $82 million between July 2019 and July 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 French journalist 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 Aphatie Burger” chain) in Paris, a Football Team (the “Moncayolle-Larrory-Mendibieu Angels”), has launched his own brand of Vodka (Pure Wonderaphatie - France), and is tackling the juniors market with a top-selling perfume (With Love from Jean-Michel) and a fashion line called “Jean-Michel Aphatie Seduction”.
The ranking is significant for many Jean-Michel fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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