It's been a rough year for the musician, but at least he has his millions of dollars to ease the pain. 78-year-old Sergio Mendes has taken the No. 1 spot on People With Money’s top 10 highest-paid musicians for 2019 with an estimated $58 million in combined earnings.
UPDATE 18/04/2019 : This story seems to be false. (read more)
Sergio Mendes tops annual list of highest-paid musicians
In 2016 it looked like the musician’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Wednesday (April 17) that Mendes is the highest-paid musician in the world, pulling in an astonishing $58 million between March 2018 and March 2019, 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 Brazilian musician 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 Mendes Burger” chain) in Brasília, a Football Team (the “Niterói Angels”), has launched his own brand of Vodka (Pure Wondermendes - Brazil), and is tackling the juniors market with a top-selling perfume (With Love from Sergio) and a fashion line called “Sergio Mendes Seduction”.
The ranking is significant for many Sergio fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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