Paul Waaktaar-Savoy Highest-Paid Musician in the World

  • By Carol Kearney
  • Oslo
  • Last updated on

Paul Waaktaar-Savoy
Paul Waaktaar-Savoy led People With Money’s annual list of the “100 highest paid musicians” released on Sunday.

It's been a rough year for the musician, but at least he has his millions of dollars to ease the pain. 63-year-old Paul Waaktaar-Savoy has taken the No. 1 spot on People With Money’s top 10 highest-paid musicians for 2024 with an estimated $58 million in combined earnings.

UPDATE 23/12/2024 : This story seems to be false. (read more)

Paul Waaktaar-Savoy tops annual list of highest-paid musicians

In 2022 it looked like the musician’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Sunday (December 22) that Waaktaar-Savoy is the highest-paid musician in the world, pulling in an astonishing $58 million between November 2023 and November 2024, a nearly $30 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 Norvegian musician-songwriter has an estimated net worth of $185 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 Waaktaar-Savoy Burger” chain) in Oslo, a Football Team (the “Oslo Angels”), has launched his own brand of Vodka (Pure Wonderwaaktaar-Savoy - Norway), and is tackling the juniors market with a top-selling perfume (With Love from Paul) and a fashion line called “Paul Waaktaar-Savoy 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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