Lyle Lovett Highest-Paid Singer in the World

Lyle Lovett
Lyle Lovett led People With Money’s annual list of the “100 highest paid singers” released on Tuesday.

It's been a rough year for the singer, but at least he has his millions of dollars to ease the pain. 62-year-old Lyle Lovett 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 21/10/2020 : This story seems to be false. (read more)

Lyle Lovett 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 Tuesday (October 20) that Lovett 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 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-songwriter-actor 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 Lovett Burger” chain) in Washington, a Football Team (the “Klein Angels”), has launched his own brand of Vodka (Pure Wonderlovett - US), and is tackling the juniors market with a top-selling perfume (With Love from Lyle) and a fashion line called “Lyle Lovett Seduction”.

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

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