It takes effort, time, money, and the right attitude to make it into music. Upcoming and ambitious musicians have to become marketers on top of writing songs and playing instruments. Everyday, new music is released and the competition is growing. It is no easy task to become a musician and it is even harder to make it as a professional career.
Following Diddy on the list is Jay Z in the No. 2 spot with a net worth of “only” $810 million. Similar to Diddy, Jay Z has a number of different revenue streams outside of music including the streaming service Tidal, champagne brand Armand de Brignac and entertainment company Roc Nation.
With a personal fortune of $560 million, she’s one of the richest self-made women in the country–and claims the top spot on our first-ever list of America’s Wealthiest Female Musicians. Though Madonna has been in show business for decades, her earnings power is as strong as ever.
The same goes with the music stars they follow and this also often associated with their kind of music. Because of this, music artists build immense amount of money and dominate the entertainment industry. After all, music is a cash heavy industry and it is pretty rich.