It's been a rough year for the musician, but at least he has his millions of dollars to ease the pain. 76-year-old Pee Wee Ellis has taken the No. 1 spot on People With Money’s top 10 highest-paid musicians for 2017 with an estimated $82 million in combined earnings.
UPDATE 12/12/2017 : This story seems to be false. (read more)
Pee Wee Ellis tops annual list of highest-paid musicians
In 2015 it looked like the musician’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Monday (December 11) that Alfred is the highest-paid musician in the world, pulling in an astonishing $82 million between November 2016 and November 2017, 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 American musician 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 Alfred Burger” chain) in Washington, a Football Team (the “Bradenton Angels”), has launched his own brand of Vodka (Pure Wonderalfred - US), and is tackling the juniors market with a top-selling perfume (With Love from Ellis) and a fashion line called “Pee Wee Ellis Seduction”.
The ranking is significant for many Ellis fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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