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Kanye West tops Forbes Magazine’s list of highest paid musicians for 2020 raking in a whopping $170M

  • June 05, 2020

Kanye West tops Forbes Magazine’s list of highest paid musicians raking in $170M in just one year… after he argued with the publication over his $1.3BN fortune

  • Kanye West has reached the Forbes Magazine top spot as the highest-paid musician of 2020, as well as the second-highest paid celebrity overall
  • However, rapper West had a run in with the publication in April, when they named him a billionaire. 
  • The article noted that West was left unhappy with their research and findings – stating that he believes his net worth to be around $3.3 billion, rather than the $1.26 billion 

Forbes Magazine dropped its annual list of the World’s Highest Paid Celebrities.

And Kanye West earned the top spot as the highest-paid musician of 2020, as well as the second-highest paid celebrity overall.

While sister-in-law Kylie Jenner far outpaced the competition by topping the main celebrity list by bringing-in $590 million, West came in at number two with $170 million, which was more than double than the next musician on the list, Elton John, who earned $81 million.   

Top melody maker: Kanye West earned the top spot on Forbes Magazine's Highest Paid Musicians list for 2020, raking in $170 million

Top melody maker: Kanye West earned the top spot on Forbes Magazine’s Highest Paid Musicians list for 2020, raking in $170 million

However, rapper West had a run in with the publication in April, when they named him a billionaire.

The article noted that West was left unhappy with their research and findings – stating that he believes his net worth to be around $3.3 billion, rather than the $1.26 billion they have estimated.

‘It’s not a billion,’ West allegedly texted the publication. ‘It’s $3.3 billion since no one at Forbes knows how to count.’

Meanwhile, following on the heels of West and John, Ariana Grande notched the third highest-paid musician spot with $72 million, largely behind her massive Sweetener Tour in support of her two studio albums Sweetener and Thank U, Next. 

Riding on their hugely successful Happiness Begins reunion tour and album, the Jonas Brothers came in fourth with $68.5 million.

The American electronic DJ and production duo, The Chainsmokers, took the fifth spot earning $68 million. 

Rounding out the top 10 highest-paid musicians: Ed Sheeran $64 million, Taylor Swift $63.5 million, Post Malone $60 million, Rolling Stones $59 million and Marshmello $56 million. 

Money maker: Much of West's $170 million came from his Yeezy sneakers deal with Adidas

Money maker: Much of West’s $170 million came from his Yeezy sneakers deal with Adidas

Chart-topper: West's money-making year also included the much-anticipated release of his Christian hip-hop album, Jesus Is King, which went on to become the first album to ever top the Billboard 200, Top RB/Hip-Hop Albums, Top Rap Albums, Top Christian Albums and Top Gospel Albums at the same time

Chart-topper: West’s money-making year also included the much-anticipated release of his Christian hip-hop album, Jesus Is King, which went on to become the first album to ever top the Billboard 200, Top RB/Hip-Hop Albums, Top Rap Albums, Top Christian Albums and Top Gospel Albums at the same time

Much of West’s $170 million came from his Yeezy sneakers deal with Adidas. Overall, Forbes now has his officially worth at $1.3 billion, which came after the rapper and entrepreneur waged a years-long public campaign, according to Business Insider.

His money-making year also included the much-anticipated release of his Christian hip-hop album, Jesus Is King, in October 2019 and his Sunday Service album Jesus Is Born in December 2019.

Jesus Is King went on to become the first album to ever top the Billboard 200, Top RB/Hip-Hop Albums, Top Rap Albums, Top Christian Albums and Top Gospel Albums at the same time.  

The Georgia native, 42, also collaborated with Vanessa Beecroft on two operas — Nebuchadnezzar and Mary.  

New tax bracket: Overall, Forbes now has West's officially worth at $1.3 billion, which came after the rapper and entrepreneur waged a years-long public campaign

New tax bracket: Overall, Forbes now has West’s officially worth at $1.3 billion, which came after the rapper and entrepreneur waged a years-long public campaign

Forbes’ Highest Paid Musicians list will likely take a huge plunge in dollar amounts in the post COVID-19 world.

With the major changes in the music industry in the wake of the digital age, most of the top-earning artists made a large portion of their income from live performances and touring.

But that will not be the case when it comes to the next list, with touring completely shutdown since March 2020 due to the pandemic, and postponed indefinitely at this point.     

Although artists like West, Jay-Z and Rihanna will likely not have their revenue streams hit as hard due to their diversified business holdings.              

Forbes World’s Highest Paid Musicians (2020)

1. Kanye West $170 million

2. Elton John $81 million

3. Ariana Grande $72 million

4. Jonas Brothers $68.5 million

5. Chainsmokers $68 million

6. Ed Sheeran $64 million

7. Taylor Swift $63.5 million

8. Post Malone $60 million

9. Rolling Stones $59 million

10. Marshmello $56 million

11. Shawn Mendes $54.5 million

12. Jay-Z $53.5 million

13. Billie Eilish $53 million

14. BTS $50 million

15. Drake $49 million

16. Jennifer Lopez $47.5 million

17. Pink $47 million

18. Rihanna $46 million

19. Luke Bryan $45.5 million

20. Backstreet Boys $45 million

21. Phil Collins $45 million

22. Blake Shelton $43.5 million

23. Celine Dion $42 million

24. The Eagles $41 million

25. Metallica $40.5 million

 


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Article source: https://www.dailymail.co.uk/tvshowbiz/article-8390377/Kanye-West-tops-Forbes-Magazines-list-highest-paid-musicians-2020-raking-whopping-170M.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

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