It's been a rough year for the singer, but at least he has his millions of dollars to ease the pain. 51-year-old Luis Miguel has taken the No. 1 spot on People With Money’s top 10 highest-paid singers for 2021 with an estimated $96 million in combined earnings.
UPDATE 14/05/2021 : This story seems to be false. (read more)
Luis Miguel 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 Thursday (May 13) that Miguel is the highest-paid singer in the world, pulling in an astonishing $96 million between April 2020 and April 2021, 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 Mexican singer 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 Miguel Burger” chain) in Mexico City, a Football Team (the “San Juan Angels”), has launched his own brand of Vodka (Pure Wondermiguel - Mexico), and is tackling the juniors market with a top-selling perfume (With Love from Luis) and a fashion line called “Luis Miguel Seduction”.
The ranking is significant for many Luis fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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