World’s Best Paid Music Stars
World's Best Paid Music Stars - Lacey Rose, 09.22.08, 6:00 AM ET. Forbes.Com has just published a list of the World's Best-Paid Music Stars. Quote "Indeed, though there's no denying music's old business model has taken a massive hit in recent years--blame it on piracy, the Web or the advent of the recordable CD--there's still plenty of money to be made in the music industry. In fact, the 10 stars on our list of the world's top-earning musicians raked in a combined $500 million between June 1, 2007 and June 1, 2008, thanks in large part to lucrative tours, endorsement contracts and all-encompassing deals".
Topping the list: the Police, who banked $115 million over the course of the year, proving the big money is made on the road rather than in the recording studio.
Singer-turned-brand Beyoncé Knowles comes in second, raking in $80 million during the 12-month period.
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