It's been a rough year for the musician, but at least he has his millions of dollars to ease the pain. 77-year-old Sly Stone has taken the No. 1 spot on People With Money’s top 10 highest-paid musicians for 2020 with an estimated $82 million in combined earnings.
UPDATE 24/11/2020 : This story seems to be false. (read more)
Sly Stone tops annual list of highest-paid musicians
In 2018 it looked like the musician’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Monday (November 23) that Stone is the highest-paid musician in the world, pulling in an astonishing $82 million between October 2019 and October 2020, 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-singer-composer 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 Stone Burger” chain) in Washington, a Football Team (the “Denton Angels”), has launched his own brand of Vodka (Pure Wonderstone - US), and is tackling the juniors market with a top-selling perfume (With Love from Sly) and a fashion line called “Sly Stone Seduction”.
The ranking is significant for many Sly fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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