Joe McElderry Highest-Paid Singer in the World

Joe McElderry
Joe McElderry led People With Money’s annual list of the “100 highest paid singers” released on Wednesday.

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It's been a rough year for the singer, but at least he has his millions of dollars to ease the pain. 29-year-old Joe McElderry 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 22/10/2020 : This story seems to be false. (read more)

Joe McElderry 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 Wednesday (October 21) that McElderry is the highest-paid singer in the world, pulling in an astonishing $58 million between September 2019 and September 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 English singer-songwriter 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 McElderry Burger” chain) in London, a Football Team (the “South Shields Angels”), has launched his own brand of Vodka (Pure WondermcElderry - England), and is tackling the juniors market with a top-selling perfume (With Love from Joe) and a fashion line called “Joe McElderry Seduction”.

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

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