It's been a rough year for the author, but at least he has his millions of dollars to ease the pain. 84-year-old Philippe Labro has taken the No. 1 spot on People With Money’s top 10 highest-paid authors for 2021 with an estimated $82 million in combined earnings.
UPDATE 25/02/2021 : This story seems to be false. (read more)
Philippe Labro tops annual list of highest-paid authors
In 2018 it looked like the author’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Wednesday (February 24) that Labro is the highest-paid author in the world, pulling in an astonishing $82 million between January 2020 and January 2021, 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 French author-journalist-director 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 Labro Burger” chain) in Paris, a Football Team (the “Montauban Angels”), has launched his own brand of Vodka (Pure Wonderlabro - France), and is tackling the juniors market with a top-selling perfume (With Love from Philippe) and a fashion line called “Philippe Labro Seduction”.
The ranking is significant for many Philippe fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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