Jeff Lynne Highest-Paid Musician in the World

  • By Carol Kearney
  • London
  • Last updated on

Jeff Lynne
Jeff Lynne led People With Money’s annual list of the “100 highest paid musicians” released on Wednesday.
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It's been a rough year for the musician, but at least he has his millions of dollars to ease the pain. 76-year-old Jeff Lynne 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 21/11/2024 : This story seems to be false. (read more)

Jeff Lynne 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 Wednesday (November 20) that Lynne is the highest-paid musician in the world, pulling in an astonishing $75 million between October 2023 and October 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 English 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 Lynne Burger” chain) in London, a Football Team (the “Birmingham Angels”), has launched his own brand of Vodka (Pure Wonderlynne - England), and is tackling the juniors market with a top-selling perfume (With Love from Jeff) and a fashion line called “Jeff Lynne Seduction”.

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

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