Mike Oldfield Highest-Paid Musician in the World

Mike Oldfield
Mike Oldfield led People With Money’s annual list of the “100 highest paid musicians” released on Wednesday.

It's been a rough year for the musician, but at least he has his millions of dollars to ease the pain. 67-year-old Mike Oldfield has taken the No. 1 spot on People With Money’s top 10 highest-paid musicians for 2020 with an estimated $82 million in combined earnings.

UPDATE 22/10/2020 : This story seems to be false. (read more)

Mike Oldfield tops annual list of highest-paid musicians

In 2018 it looked like the musician’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Wednesday (October 21) that Oldfield is the highest-paid musician in the world, pulling in an astonishing $82 million between September 2019 and September 2020, a nearly $50 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 British musician-composer has an estimated net worth of $245 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 Oldfield Burger” chain) in London, a Football Team (the “Reading Angels”), has launched his own brand of Vodka (Pure Wonderoldfield - UK), and is tackling the juniors market with a top-selling perfume (With Love from Mike) and a fashion line called “Mike Oldfield Seduction”.

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

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