Tom Paxton Highest-Paid Singer in the World

Tom Paxton
Tom Paxton led People With Money’s annual list of the “100 highest paid singers” released on Saturday.

It's been a rough year for the singer, but at least he has his millions of dollars to ease the pain. 82-year-old Tom Paxton has taken the No. 1 spot on People With Money’s top 10 highest-paid singers for 2020 with an estimated $82 million in combined earnings.

UPDATE 20/09/2020 : This story seems to be false. (read more)

Tom Paxton tops annual list of highest-paid singers

In 2018 it looked like the singer’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Saturday (September 19) that Paxton is the highest-paid singer in the world, pulling in an astonishing $82 million between August 2019 and August 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 singer-songwriter 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 Paxton Burger” chain) in Washington, a Football Team (the “Chicago Angels”), has launched his own brand of Vodka (Pure Wonderpaxton - US), and is tackling the juniors market with a top-selling perfume (With Love from Tom) and a fashion line called “Tom Paxton 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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