Monica Highest-Paid Singer in the World

  • By Carol Kearney
  • Washington
  • Last updated on

Monica
Monica 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 she has her millions of dollars to ease the pain. 44-year-old Monica 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)

Monica tops annual list of highest-paid singers

In 2022 it looked like the singer’s spectacular career was winding down. Suddenly, she was back on top. People With Money reports on Wednesday (November 20) that Monica 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 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 American singer-songwriter-actress has an estimated net worth of $215 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 Monica Burger” chain) in Washington, a Football Team (the “Atlanta Angels”), has launched her own brand of Vodka (Pure Wondermonica - US), and is tackling the juniors market with a top-selling perfume (With Love from Monica) and a fashion line called “Monica Seduction”.

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

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