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 Jean Michel Jarre has taken the No. 1 spot on People With Money’s top 10 highest-paid musicians for 2018 with an estimated $82 million in combined earnings.
UPDATE 16/10/2018 : This story seems to be false. (read more)
Jean Michel Jarre tops annual list of highest-paid musicians
In 2016 it looked like the musician’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Monday (October 15) that Jarre is the highest-paid musician in the world, pulling in an astonishing $82 million between September 2017 and September 2018, 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 musician-composer 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 Jarre Burger” chain) in Paris, a Football Team (the “Lyon Angels”), has launched his own brand of Vodka (Pure Wonderjarre - France), and is tackling the juniors market with a top-selling perfume (With Love from Jean Michel) and a fashion line called “Jean Michel Jarre 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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