Richard Marx Highest-Paid Singer in the World

Richard Marx
Richard Marx led People With Money’s annual list of the “100 highest paid singers” released on Saturday.

It's been a rough year for the singer, but at least he has his millions of dollars to ease the pain. 57-year-old Richard Marx 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 29/11/2020 : This story seems to be false. (read more)

Richard Marx tops annual list of highest-paid singers

In 2018 it looked like the singer’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Saturday (November 28) that Marx is the highest-paid singer in the world, pulling in an astonishing $96 million between October 2019 and October 2020, a nearly $60 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 singer-songwriter has an estimated net worth of $275 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 Marx Burger” chain) in Washington, a Football Team (the “Chicago Angels”), has launched his own brand of Vodka (Pure Wondermarx - US), and is tackling the juniors market with a top-selling perfume (With Love from Richard) and a fashion line called “Richard Marx Seduction”.

The ranking is significant for many Richard fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.

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