Steve Boone Highest-Paid Musician in the World

  • By Carol Kearney
  • Washington
  • Last updated on

Steve Boone
Steve Boone led People With Money’s annual list of the “100 highest paid musicians” released on Sunday.
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It's been a rough year for the musician, but at least he has his millions of dollars to ease the pain. 81-year-old Steve Boone has taken the No. 1 spot on People With Money’s top 10 highest-paid musicians for 2024 with an estimated $82 million in combined earnings.

UPDATE 23/12/2024 : This story seems to be false. (read more)

Steve Boone tops annual list of highest-paid musicians

In 2022 it looked like the musician’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Sunday (December 22) that Boone is the highest-paid musician in the world, pulling in an astonishing $82 million between November 2023 and November 2024, 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 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 Boone Burger” chain) in Washington, a Football Team (the “Camp Lejeune Angels”), has launched his own brand of Vodka (Pure Wonderboone - US), and is tackling the juniors market with a top-selling perfume (With Love from Steve) and a fashion line called “Steve Boone Seduction”.

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

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