Russell Mulcahy Highest-Paid Director in the World

  • By Carol Kearney
  • Canberra
  • Last updated on

Russell Mulcahy
Russell Mulcahy led People With Money’s annual list of the “100 highest paid directors” released on Wednesday.

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It's been a rough year for the director, but at least he has his millions of dollars to ease the pain. 71-year-old Russell Mulcahy has taken the No. 1 spot on People With Money’s top 10 highest-paid directors for 2024 with an estimated $96 million in combined earnings.

UPDATE 21/11/2024 : This story seems to be false. (read more)

Russell Mulcahy tops annual list of highest-paid directors

In 2022 it looked like the director’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Wednesday (November 20) that Mulcahy is the highest-paid director in the world, pulling in an astonishing $96 million between October 2023 and October 2024, 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 Australian director 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 Mulcahy Burger” chain) in Canberra, a Football Team (the “Melbourne Angels”), has launched his own brand of Vodka (Pure Wondermulcahy - Australia), and is tackling the juniors market with a top-selling perfume (With Love from Russell) and a fashion line called “Russell Mulcahy Seduction”.

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

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