Enrique One Of 'rock's Richest'

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suzieQ
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Postby suzieQ » Sun Aug 24, 2003 8:51 am

Rock's 50 Richest 2003
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Enrique is #39 on this list.



source: Rollingstone.com

Rock's 50 Richest 2003

1. Paul McCartney
Touring: $64.9 million
Recording: $2.2 million
Publishing: $2.2 million
Net: $72.1 million
2002 rank: N/A

Paul McCartney is reportedly rock's first billionaire and ranked as music's top moneymaker for 2002. In fact, last year was his best earning year ever, powered by his first tour since 1993. Ticket sales were brisk, with all fifty-three North American dates selling out - and McCartney had the highest ticket prices of any rock show this year, with the average seat going for $130. The final tally worldwide was $130 million, and the sellouts meant little of that money went for excess promotion costs, although sources say the show cost more than $1.4 million a week to keep up. Royalties from the tour's live album, Back in the U.S., were limited, since the album sold lightly: 835,000 in the U.S.; the Beatles back catalog, led by 2000's chart-topping 1 compilation, fared better, with combined sales of close to a million. Add in merchandise sales on the road -- among the best in the business - and you have a list-topping $72.1 million.

2. The Rolling Stones
Touring: $39.6 million
Recording: $0.9 million
Publishing: $2.2 million
Net: $44 million
2002 rank: N/A

The 40 Licks tour, which started in Boston on September 3rd, won't turn out to be the Stones' most lucrative ever. Their unorthodox approach -- playing venues ranging from 70,000-seat stadiums to 2,400-capacity clubs in twenty-eight different cities -- was designed more for the music than for the money. But once again, the Stones were working with promoter Michael Cohl, who has raised tour grosses (and ticket prices) to previously unimaginable levels since he delivered on a promised $40 million for forty shows on the band's Steel Wheels tour in 1989. Sources close to the band say the Stones should net about $100 million by the time the current tour ends in August, when the final show is played at London's Wembley Stadium. And you can throw in as much as $7 million for a single night's work: the birthday party the Stones played for Texas multimillionaire David Bonderman. Already in this year's coffers: a $5 million license fee for a live HBO special.

3. Dave Matthews Band
Touring: $27.9 million
Recording: $0
Publishing: $2.5 million
Net: $31.3 million
2002 rank: 4 - $43.4 million

In 2002, Dave Matthews band sold a little more than 2 million CDs, according to SoundScan -- that's half what newcomer Avril Lavigne moved. But Avril Lavigne isn't one of the biggest touring acts in rock & roll. DMB sold 1.5 million tickets last year (that's fifty percent more than Creed, who came in second among rock acts at 950,000 tickets). DMB grossed $60 million, a number that would be higher if the band hadn't kept ticket prices down. Seats went for an average of forty dollars, a bargain compared with the seventy-four-dollar average for the relatively fan-friendly Bruce Springsteen. But DMB and manager Coran Kapshaw still have one of the most profitable operations of any major act in the industry. Having seen grass-roots success before signing to a major label in 1993, DMB was too smart to sell off its merchandising and music-publishing rights for quick money early on. The band still owns it all.

4. Celine Dion
Touring: $22.4 million
Recording: $3.1 million
Publishing: $0.9 million
Net: $31.1 million
2002 rank: N/A

In November, Dion signed a three-year deal to play Caesar's Palace in Las Vegas. By the time her one-city concert tour is over, her son Rene-Charles will be six, and she could be $65 million richer. Sources say Dion got $25 million upfront; in exchange, she has to play 200 gigs in forty weeks, five shows a week. Her deal extends until 2006, bringing her -- if everyone is happy with the setup -- $40 million more. It gets better: Not only does Dion lack any travel expenses, she has little or no production costs. Crew, staging, dancers and costumes are all part of the deal. The rest of Dion's earnings come from album royalties and endorsement deals with Coty and Chrysler (for whom her recent single, "I Drove All Night," was expressly recorded).

5. Eminem
Touring: $5.5 million
Recording: $10.4 million
Publishing: $3.8 million
Other: $9 million
Net: $28.9 million
2002 rank: 19-$19.4 million

"Everyone on this list probably made less than you think," says one music manager. "Eminem probably made more." The rapper had the biggest-selling album of the year, The Eminem Show, which moved 7.6 million copies -- fifty percent more than the runner-up, Nellyville. And he gets a superstar royalty rate of about two dollars per record. Out on the road, he headlined the Anger Management Tour, which generated $15 million in ticket sales, about a third of which, we estimate, flowed into Slim Shady's accounts. But this was the year that Eminem diversified, becoming a label head and movie star. He got $3 million for his role in the movie 8 Mile, and his Shady Records sold 3.5 million units of the 8 Mile soundtrack, although he splits those profits with distributor Interscope. His 2003 earnings are already off to a strong start. Shady Records (along with partners Aftermath and Interscope) has the biggest new artist of the year thus far: 50 Cent, who sold 1.7 million records in his first two weeks.

6. Cher
Touring: $26.2 million
Recording: $0.5 million
Publishing: $0
Net: $26.7 million
2002 rank: N/A

Cher's latest album, Living Proof, topped out at Number Nine on the charts, selling just 465,000. But her legend makes her a solid concert draw. Clear Channel Communications guaranteed her close to $500,000 a night if she went on the road, and her tour ended up as the number-three moneymaker of the year. A glitzy spectacular billed as a farewell tour, it sold out almost all of its ninety-four shows. Cher's manager, Roger Davies, engineered a similarly successful outing for Tina Turner in 2000 (so successful it was extended twice). Charging an average ticket price of seventy-two dollars, Cher grossed $76 million. Her production was an expensive one: With 264 video modules and ten costume changes a night, weekly road costs topped $500,000. Of that $76 million, she kept a cool $25 million.

7. Bruce Springsteen
Touring: $17.9 million
Recording: $2.2 million
Publishing: $4.5 million
Net: $24.8 million
2002 rank: N/A

The Rising, Springsteen's first studio album with the E Street Band since 1984, debuted at Number One, with impressive first-week sales of 525,000. It went on to sell just less than 2 million last year, but like many of the artists on this list, the majority of Springsteen's income comes from touring. Springsteen and the eight members of the E Street Band played to nearly 600,000 paying customers over the course of thirty-nine U.S. shows. Springsteen continues to refuse any corporate tour sponsorship: His costs are far from extravagant -- no pyrotechnics, no dancers, no set changes or rising platforms. With the band bringing in more than $1 million per night, he pocketed a total of $24.8 million.

8. Mariah Carey
Touring: $0
Recording: $23.1 million
Publishing: $0.2 million
Net: $23.3 million
2002 rank: 43 - $10.9 million

Carey has now made the list two years in a row without anything resembling a hit. In fact, Glitter may have proved to be the most profitable failure in history. After earning $20 million in 2001 for the soundtrack -- the first in her three-album $60 million deal with Virgin -- and suffering through a very public meltdown, Carey had the succor of a huge windfall: $30 million more from Virgin in January 2002 to get out of the rest of the contract. In May, she signed a new contract with Island Def Jam worth about one-quarter of the Virgin deal, sources say. Her new album, Charmbracelet, had a respectable Number Three debut, and the word is that Carey may add concert revenue into the mix in 2003 with her first-ever tour.

9. Jay-Z
Touring: $0.7 million
Recording: $12.7 million
Publishing: $0.7 million
Other: $8.4 million
Net: $22.7 million
2002 rank: 46 - $9.3 million

This year, Jay-Z and his partner in Roc-A-Fella Records, Damon Dash, found themselves sitting on a renewal deal with Lyor Cohen, president of Island Def Jam, that they could have used to force a buyout of their half of the label. That could have brought the label close to a market value of $100 million. But they decided to bet on the future instead, taking an advance of $24 million against earnings and adding three more years to the buyout date. Now Jay-Z has a chance to bring the value of Roc-A-Fella closer to the $240 million Cohen and Russell Simmons got when they sold Def Jam to Universal in 1996. For the time being, Jay-Z himself pocketed $15 million as an advance against future artist royalties and added another couple of million from publishing, touring and his one-third cut of the profits from the Rocawear clothing line. His 2003 may be even bigger: Jay has signed his first endorsement deals, with Reebok, which will release a sneaker that bears his name, and Heineken. He'll also have money coming in from his Showtime concert special, and if that's not enough, he now owns the U.S. distribution rights to Armadale vodka. Drink up.

10. Ozzy Osbourne/The Osbournes
Touring: $3.8 million
Recording: $0.2 million
Publishing: $0.5 million
Other: $18 million
Net: $22.5 million
2002 rank: 48 - $8.5 million

After The Osbournes became MTV's highest-rated show in history, Sharon Osbourne had the network just where she likes to have everyone she negotiates with: by the balls. The twenty episodes of the second season will earn the family a reported $20 million licensing fee. The annual Ozzfest tour, headlined by Ozzy and System of a Down, was last summer's highest-grossing touring festival, pulling in more than $1 million per show over the course of twenty-nine dates. But Ozzfest was soft on sponsorships this year, and the Osbournes took home around $4 million after the bills were paid. Two book deals brought in another $6 million, and although no figures have been released, the Pepsi Twist ad that debuted during the Super Bowl was likely worth another million as well.

11. Elton John
Touring: $20.2 million
Recording: $0.9 million
Publishing: $1.3 million
Net: $22.4 million
2002 rank: 13 - $21 million

12. Elvis Presley
Touring: $0
Recording: $2.9 million
Publishing: $1.6 million
Other: $16 million
Net: $20.5 million
2002 rank: N/A

13. Robbie Williams
Touring: $0
Recording: $18.8 million
Publishing: $0
Net: $18.8 million
2002 rank: N/A

The British pop idol signed a staggering deal with EMI worth a reported $150 million in 2002 and banked less than $20 million of it. The deal points to a possible future for the record industry -- for the upfront money, EMI is getting a third of all of Williams' future profits: not just CD sales but touring revenue and even Hollywood money, if Williams ever earns it. Skeptics don't see this working unless Williams manages to crack the U.S. market in a big way. But with nearly 6 million of his latest album, Escapology, sold worldwide, he may prove there's money enough outside America.

14. The Eagles
Touring: $15.1 million
Recording: $0.7 million
Publishing: $1.4 million
Net: $17.6 million
2002 rank: 27 - $17.5 million

The Eagles command a healthy $750,000 minimum for every arena concert; corporate gigs go for even more than that. Last year, they played thirty-two arena shows, grossing $1.1 million a night thanks to a ninety-dollar-average seat cost. Still at work on their first studio album since 1979's The Long Run, they nevertheless sold 600,000 albums from their back catalog.

15. Jimmy Buffett
Touring: $13.7 million
Recording: $0.2 million
Publishing: $0.5 million
Other: $3.2 million
Net: $17.6 million
2002 rank: 21 - $18.9 million

16.Billy Joel
Touring: $16 million
Recording: $0
Publishing: $1 million
Net: $17 million
2002 rank: 28 - $17.1 million

17. Neil Diamond
Touring: $16.5 million
Recording: $0
Publishing: $0.3 million
Net: $16.8 million
2002 rank: 31 - $16.2 million

18. Aerosmith
Touring: $11.6 million
Recording: $1 million
Publishing: $0.8 million
Net: $16.5 million
2002 rank: 9 - $24.2 million

19. Crosby, Stills, Nash and Young
Touring: $15.7 million
Recording: $0
Publishing: $0.3 million
Net: $16 million
2002 rank: N/A

20. Creed
Touring: $10.9 million
Recording: $1.1 million
Publishing: $1.6 million
Net: $13.4 million
2002 rank: 30 - $16.8 million

21. Rush
Touring: $13.4 million
Recording: $0
Publishing: $0
Net: $13.4 million
2002 rank: N/A

Rush released their first new album in six years, Vapor Trails, and followed it up with a tour that brought the Canadian power trio an $18 million guarantee. The band's devoted following helped the outing gross $27 million in sixty-two cities. But that's a lot of moving around -- compare it to Billy Joel and Elton John's tour, which grossed $65 million for thirty-four shows in fourteen cities -- so a good chunk of that got eaten up on the road.

22. Linkin Park
Touring: $1.7 million
Recording: $4.7 million
Publishing: $6.3 million
Net: $13.1 million
2002 rank: N/A

23. The Who
Touring: $12.6 million
Recording: $0
Publishing: $0
Net: $12.6 million
2002 rank: N/A

24. Led Zeppelin
Touring: $0
Recording: $0.3 million
Publishing: $12.2 million
Net: $12.4 million
2002 rank: N/A

25. Nirvana
Touring: $0
Recording: $0.9 million
Publishing: $1 million
Other: $10.4 million
Net: $12.4 million
2002 rank: N/A

26. Jennifer Lopez
Touring: $0
Recording: $0.4 million
Publishing: $0.9 million
Other: $11.1 million
Net: $12.2 million
2002 rank: 40 - $12.3 million

Barely ten percent of Lopez's income derives from her recording career. Her remix album, J to Tha L-O!, sold 1.3 million copies in U.S., and the new This Is Me . . . Then came out late in 2002. Her music career brought in almost $2 million, not much compared to the $12 million she grossed (the "other" figure above deducts her various management fees) for starring in Maid in Manhattan.

27. Red Hot Chili Peppers
Touring: $6.1 million
Recording: $3.4 million
Publishing: $2.7 million
Net: $12.1 million
2002 rank: N/A

28. Brian "Baby" Williams
Touring: $0.2 million
Recording: $2.7 million
Publishing: $0.9 million
Other: $8 million
Net: $11.8 million
2002 rank: N/A

29. Dr. Dre
Touring: $0
Recording: $0.2 million
Publishing: $0.5 million
Other: $9.9 million
Net: $10.6 million
2002 rank: 2 - $51.9 million

30. Enya
Touring: $0
Recording: $4.9 million
Publishing: $5.2 million
Net: $10.1 million
2002 rank: 35 - $14.2 million

31. 'Nsync
Touring: $7.7 million
Recording: $0.5 million
Publishing: $0.9 million
Net: $9.4 million
2002 rank: 8 - $26.5 million

32. Barry Manilow
Touring: $8 million
Recording: $1.2 million
Publishing: $0
Net: $9.2 million
2002 rank: N/A

33. Britney Spears
Touring: $5.5 million
Recording: $1.8 million
Publishing: $1 million
Net: $9.1 million
2002 rank: 17 - $20 million

34. Alan Jackson
Touring: $4.6 million
Recording: $3 million
Publishing: $1.4 million
Net: $9 million
2002 rank: 78 - $4.3 million

35. The Neptunes
Touring: $0
Recording: $5.8 million
Publishing: $3.1 million
Net: $8.9 million
2002 rank: N/A

If you want Pharrell Williams and Chad Hugo to produce a hit for you, the bidding starts at $100,000. But they were Billboard's number-one producers last year, with hits including Nelly's "Hot in Herre" and LL Cool J's "Love U Better." Since they write as well, they also get a cut of publishing on the albums they work on, which in 2002 included the year's second-best-selling record, Nellyville. Their own band, N.E.R.D., added another half million to their take, and Star Trak, their joint label agreement with Arista, got off to a hot start with the debut album from Clipse.

36. Rod Stewart
Touring: $6.6 million
Recording: $1.4 million
Publishing: $0.8 million
Net: $8.8 million
2002 rank: 29 - $16.8 million

37. Andrea Bocelli
Touring: $8.1 million
Recording: $0.2 million
Publishing: $0.4 million
Net: $8.7 million
2002 rank: 14 - $20.9 million

38. Brooks and Dunn
Touring: $6.7 million
Recording: $0.4 million
Publishing: $1.4 million
Net: $8.1 million
2002 rank: 37 - $13.9 million

39. Enrique Iglesias
Touring: $4.4 million
Recording: $1.5 million
Publishing: $1.7 million
Net: $7.6 million
2002 rank: N/A

40. Tom Petty
Touring: $6.6 million
Recording: $0.2 million
Publishing: $0.7 million
Net: $7.5 million
2002 rank: 60 - $6.3 million

41. Tool
Touring: $7.3 million
Recording: $0
Publishing: $0
Net: $7.4 million
2002 rank: 44 - $10.3 million

42. Kid Rock
Touring: $3.4 million
Recording: $0.8 million
Publishing: $1.3 million
Other: $1.5 million
Net: $7 million
2002 rank: 71 - $5 million

Kid Rock hit the road twice last year, once as a headliner and once with Aerosmith. That earned him half his money. The rest came from the Coors commercials that aired incessantly during football games and from sales of his latest album, Cocky, which got off to a slow start but has to date moved 2.8 million copies. If he hits the road again, expect him to move up on the list next year.

43. Kenny Chesney
Touring: $5.8 million
Recording: $1.1 million
Publishing: $0.1 million
Net: $7 million
2002 rank: 96 - $2.7 million

44. Santana
Touring: $6 million
Recording: $0
Publishing: $0.7 million
Net: $6.9 million
2002 rank: 7 - $32.7 million

45. Dixie Chicks
Touring: $0
Recording: $6.2 million
Publishing: $0.6 million
Net: $6.8 million
2002 rank: 90 - $3.1 million

After selling 20 million copies of their first two albums, The Dixie Chicks complained that they'd made millions for Sony and pocketed not a dime. This year, the Chicks settled the dispute, moving them into the two-dollar-per-album range and getting them a few million in back pay.

46. The Beatles
Touring: $0
Recording: $2.4 million
Publishing: $4.4 million
Net: $6.8 million
2002 rank: 3 - $47.9 million

47. George Strait
Touring: $6.7 million
Recording: $0
Publishing: $0
Net: $6.7 million
2002 rank: 63 - $6 million

48. Nelly
Touring: $2.3 million
Recording: $1.7 million
Publishing: $2.6 million
Net: $6.6 million
2002 rank: 49 - $8.2 million

49. Shania Twain
Touring: $0
Recording: $3.9 million
Publishing: $2.4 million
Net: $6.4 million
2002 rank: 55 - $7.4 million

50. Toby Keith
Touring: $4.8 million
Recording: $0.9 million
Publishing: $0.6 million
Net: $6.3 million
2002 rank: N/A

How We Did It

The Money Report was compiled from extensive interviews with record-company executives, managers, lawyers, agents and publicists, and uses figures derived from SoundScan, Pollstar, the Recording Industry Association of America, Amusement Business/Billboard, The Yellow Pages of Rock and ArtistDirect. Net figures reflect what performers take home after recording expenses have been deducted and managers, agents and lawyers have taken their cut. Breakdowns of income sources do not reflect merchandising or endorsement deals. All figures should be considered estimates. Robert LaFranco, a former editor at "Forbes," wrote the 2002 Money Report in RS 899/900.

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goldstar99.
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Postby goldstar99. » Mon Aug 25, 2003 1:21 pm

Wow! That is so amazing! Enrique is really rich!

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hippiechic
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Postby hippiechic » Mon Sep 15, 2003 7:58 am

yeah, give some of that money to me, I could use it. <_<


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