Est. Range $426M - $674M
James William Buffett is an American singer-songwriter, musician, author, actor, and businessman. He is best known for his music, which often portrays an "island escapism" lifestyle. Together with his Coral Reefer Band, Buffett has recorded hit songs including "Margaritaville" and "Come Monday". He has a devoted base of fans known as "Parrotheads".
Aside from his career in music, Buffett is also a bestselling author and was involved in two restaurant chains named after two of his best-known songs; he currently owns the Margaritaville Cafe restaurant chain and co-developed the now defunct Cheeseburger in Paradise restaurant chain. Buffett is one of the world's richest musicians, with a net worth as of 2017 of $900 million.
How long would it take you to earn as much as Jimmy Buffett?
From rock stars to jazz musicians, musicians are performers at heart. However, for most, music isn’t a very lucrative career at all. In the United States, the average musician earns only $35,300 annually from their music career, counting income from a variety of sources. For most, performing and teaching make up the majority of the amount and most need side gigs (or day jobs) to make ends meet.
However, for the lucky few, music is more than a vocation – and it does more than just pay the bills. It propels them to stardom and with the associated royalties and endorsement opportunities, they’ll have more money than they’ll ever need. Not only can they dress up in leather pants or skin-tight dresses and perform around the world, but they can keep earning money on every track they sell.
Yes, record labels can be tough and the changes in the music industry and the pandemic have hit musicians in the pocket. However, there are still many musicians with more money than they know what to do with. And, of course, fame gives them the opportunity to earn more through photo appearances and product endorsements, while licensing tracks for commercials and movies provide ongoing opportunities. And, due to royalty laws, musicians can keep earning money on their songs long after they’ve died.
Jimmy Buffett's net worth of 550 million can buy...
The Wealthiest Index is a ranking of the world's richest people. In calculating Andre Agassi’s net worth, we strive to provide the most transparent calculations available with detailed analysis of how that Andre Agassi’s fortune was made. Each net worth figure is updated at regular intervals to reflect market movements.
Andre Romelle Young, known professionally as Dr. Dre, is an American rapper, record producer, and entrepreneur.