Tony Banks Highest-Paid Musician in the World
- By Carol Kearney
- London
- Last updated on
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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. 74-year-old Tony Banks has taken the No. 1 spot on People With Money’s top 10 highest-paid musicians for 2024 with an estimated $58 million in combined earnings.
UPDATE 05/11/2024 : This story seems to be false. (read more)
Tony Banks 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 Monday (November 4) that Banks is the highest-paid musician in the world, pulling in an astonishing $58 million between October 2023 and October 2024, a nearly $30 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 British musician has an estimated net worth of $185 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 Banks Burger” chain) in London, a Football Team (the “East Hoathly Angels”), has launched his own brand of Vodka (Pure Wonderbanks - UK), and is tackling the juniors market with a top-selling perfume (With Love from Tony) and a fashion line called “Tony Banks Seduction”.
The ranking is significant for many Tony fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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