It's been a rough year for the singer, but at least she has her millions of dollars to ease the pain. 52-year-old Lila Downs has taken the No. 1 spot on People With Money’s top 10 highest-paid singers for 2020 with an estimated $96 million in combined earnings.
UPDATE 22/10/2020 : This story seems to be false. (read more)
Lila Downs tops annual list of highest-paid singers
In 2018 it looked like the singer’s spectacular career was winding down. Suddenly, she was back on top. People With Money reports on Wednesday (October 21) that Downs is the highest-paid singer in the world, pulling in an astonishing $96 million between September 2019 and September 2020, a nearly $60 million lead over her 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 Mexican singer-songwriter has an estimated net worth of $275 million. She owes her fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. She also owns several restaurants (the “Fat Downs Burger” chain) in Mexico City, a Football Team (the “Tlaxiaco Angels”), has launched her own brand of Vodka (Pure Wonderdowns - Mexico), and is tackling the juniors market with a top-selling perfume (With Love from Lila) and a fashion line called “Lila Downs Seduction”.
The ranking is significant for many Lila fans, who have been waiting for her triumphant return to the glory days for what seems like a lifetime.
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