Tom Morello Highest-Paid Guitarist in the World

Tom Morello
Tom Morello led People With Money’s annual list of the “100 highest paid guitarists” released on Tuesday.

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It's been a rough year for the guitarist, but at least he has his millions of dollars to ease the pain. 56-year-old Tom Morello has taken the No. 1 spot on People With Money’s top 10 highest-paid guitarists for 2020 with an estimated $96 million in combined earnings.

UPDATE 30/09/2020 : This story seems to be false. (read more)

Tom Morello tops annual list of highest-paid guitarists

In 2018 it looked like the guitarist’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Tuesday (September 29) that Morello is the highest-paid guitarist in the world, pulling in an astonishing $96 million between August 2019 and August 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 guitarist 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 Morello Burger” chain) in Washington, a Football Team (the “New York Angels”), has launched his own brand of Vodka (Pure Wondermorello - US), and is tackling the juniors market with a top-selling perfume (With Love from Tom) and a fashion line called “Tom Morello Seduction”.

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

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