Lee Ritenour Highest-Paid Guitarist in the World

Lee Ritenour
Lee Ritenour led People With Money’s annual list of the “100 highest paid guitarists” released on Wednesday.

It's been a rough year for the guitarist, but at least he has his millions of dollars to ease the pain. 67-year-old Lee Ritenour has taken the No. 1 spot on People With Money’s top 10 highest-paid guitarists for 2019 with an estimated $96 million in combined earnings.

UPDATE 25/04/2019 : This story seems to be false. (read more)

Lee Ritenour tops annual list of highest-paid guitarists

In 2016 it looked like the guitarist’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Wednesday (April 24) that Ritenour is the highest-paid guitarist in the world, pulling in an astonishing $96 million between March 2018 and March 2019, a nearly $60 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 American guitarist has an estimated net worth of $275 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 Ritenour Burger” chain) in Washington, a Football Team (the “Los Angeles Angels”), has launched his own brand of Vodka (Pure Wonderitenour - US), and is tackling the juniors market with a top-selling perfume (With Love from Lee) and a fashion line called “Lee Ritenour Seduction”.

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

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