It's been a rough year for the guitarist, but at least he has his millions of dollars to ease the pain. 59-year-old Tommy Thayer has taken the No. 1 spot on People With Money’s top 10 highest-paid guitarists for 2020 with an estimated $46 million in combined earnings.
UPDATE 31/03/2020 : This story seems to be false. (read more)
Tommy Thayer tops annual list of highest-paid guitarists
In 2017 it looked like the guitarist’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Monday (March 30) that Thayer is the highest-paid guitarist in the world, pulling in an astonishing $46 million between March 2019 and March 2020, a nearly $20 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-songwriter has an estimated net worth of $145 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 Thayer Burger” chain) in Washington, a Football Team (the “Portland Angels”), has launched his own brand of Vodka (Pure Wonderthayer - US), and is tackling the juniors market with a top-selling perfume (With Love from Tommy) and a fashion line called “Tommy Thayer Seduction”.
The ranking is significant for many Tommy fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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