It's been a rough year for the singer, but at least she has her millions of dollars to ease the pain. 39-year-old Paloma Faith 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 24/09/2020 : This story seems to be false. (read more)
Paloma Faith tops annual list of highest-paid singers
In 2018 it looked like the singer’s spectacular career was winding down. Suddenly, she was back on top. People With Money reports on Wednesday (September 23) that Faith is the highest-paid singer in the world, pulling in an astonishing $96 million between August 2019 and August 2020, a nearly $60 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 English singer-songwriter-actress has an estimated net worth of $275 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 Faith Burger” chain) in London, a Football Team (the “London Angels”), has launched her own brand of Vodka (Pure Wonderfaith - England), and is tackling the juniors market with a top-selling perfume (With Love from Paloma) and a fashion line called “Paloma Faith Seduction”.
The ranking is significant for many Paloma fans, who have been waiting for her triumphant return to the glory days for what seems like a lifetime.
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