Wednesday, August 29, 2012

Elton John 12th Highest Paid Celebrity

While we normally think of musicians as rolling in the dough, their salaries generally don’t compare to some other high-profile celebrities. The proof: On Forbes’ magazine’s new list of the 21 highest-paid celebrities, only three musicians are included, and one of them is Elton John.

To determine who really has the most cash in the showbiz world, Forbes says it added upfront pay, back-end profits, residuals, endorsements and commercial work. After the math’s done, John ranks #12 on the list, right between TV personality Glenn Beck and Tom Cruise. Forbes estimates that The Rocket Man took in $80 million over the last year, thanks to some 100 concerts he’s performed, as well as the money he made from the animated film Gnomeo & Juliet, which his company produced.

The only other musicians on the list are Britney Spears at #20, with earnings of $58 million from her concert tour, album sales and endorsement deals, and rap-music mogul Dr. Dre at #5. The hip-hop star hasn’t released an album since 2001, but he made $110 million thanks to his line of Beats by Dr. Dre headphones.

Oprah Winfrey, no surprise, is #1 on Forbes’ list.

- ABC News

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