The World’s Highest Paid Musicians of 2014

According to a December 2014 Forbes article, The World’s Highest Paid Musicians of 2014, the top 10 had pre-tax income of $1.4B.

The primary source of income was arena tours, corporate sponsors, and celebrity endorsements (e.g. Nike, Pepsi, Cover Girl) album sales, single downloads and monetization of celebrity name and likeness e.g.. clothing lines, restaurant chains), and investments (liquors, spirits, technology).

The Foreign Account Tax Compliance Act (“FATCA”) is requiring nearly 200,000 foreign financial institutions in 104 countries to disclose U.S. taxpayers with foreign accounts.

Musicians who receive international revenue from touring, merchandising, and album sales are currently in the spotlight for IRS tax audits for their international income.

The full list is as follows:

1) Dr Dre $620m (from sale of Beats to Apple);

2) Beyonce $115m ( touring; endorsements/sponsors Pepsi, H&M)

3) Eagles $100m (touring)

4) Bon Jovi $82m (touring)

5) Bruce Springsteen $81m (touring)

6) Justin Bieber $80m (touring)

7) One Direction $75m (touring, plus Pepsi endorsements, album sales, singles download)

8) Paul McCartney $71m (touring)

9) Calvin Harris $66m world’s highest paid DJ

10) Toby Keith $65m (touring, restaurant chain)

11) Taylor Swift $64m

12) Jay Z $60m

13) Diddy $60m( Ciroc vodka, DeLeon Tequila)

14) Bruno Mars $60m (touring)

15) Justin Timberlake ($57m) touring, acting, restaurant, clothing line

16) Pink 52m (UK pounds)

17) Michael Buble $51m (touring)

18) Rihanna $48m (touring)

19) Rolling Stones $47m (touring)

20) Roger Waters $46m ( without Pink Floyd, the “Wall” Tour grossed nearly $500m)

21) Elton John $45m (touring)

22) Kenny Chesney $44m (touring, brand “Blue Chair Bay” rum)

23) Katy Perry $40m (touring, endorsements with Cover Girl, and Popchips)

24) Jason Aldean $33m (mostly from 5 platinum albums)

25) Jennifer Lopez $37m (touring, and American Idol)

26) Celine Dion $36m

27) Miley Cyrus $36m

28) Muse $34m

29) Luke Bryan $34m

30) Lady Gaga $30m

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