It's been a rough year for the singer, but at least he has his millions of dollars to ease the pain. 43-year-old Paul Banks has taken the No. 1 spot on People With Money’s top 10 highest-paid singers for 2022 with an estimated $75 million in combined earnings.
UPDATE 19/01/2022 : This story seems to be false. (read more)
Paul Banks tops annual list of highest-paid singers
In 2019 it looked like the singer’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Tuesday (January 18) that Banks is the highest-paid singer in the world, pulling in an astonishing $75 million between December 2020 and December 2021, a nearly $40 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 English singer-songwriter-guitarist has an estimated net worth of $215 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 Banks Burger” chain) in London, a Football Team (the “Clacton-on-Sea Angels”), has launched his own brand of Vodka (Pure Wonderbanks - England), and is tackling the juniors market with a top-selling perfume (With Love from Paul) and a fashion line called “Paul Banks Seduction”.
The ranking is significant for many Paul fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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