Lionel Richie Highest-Paid Singer in the World

  • By Carol Kearney
  • Washington
  • Last updated on

Lionel Richie
Lionel Richie 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. 75-year-old Lionel Richie has taken the No. 1 spot on People With Money’s top 10 highest-paid singers for 2024 with an estimated $75 million in combined earnings.

UPDATE 21/11/2024 : This story seems to be false. (read more)

Lionel Richie tops annual list of highest-paid singers

In 2022 it looked like the singer’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Wednesday (November 20) that Richie is the highest-paid singer 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 American singer 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 Richie Burger” chain) in Washington, a Football Team (the “Tuskegee Angels”), has launched his own brand of Vodka (Pure Wonderichie - US), and is tackling the juniors market with a top-selling perfume (With Love from Lionel) and a fashion line called “Lionel Richie Seduction”.

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

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