Kanye West becomes world's highest-paid musician on Forbes' list

Forbes dropped its annual list of the highest-paid celebrities on Thursday, June 4, with Kanye West topping the list of highest-paid music artist of 2020. Interestingly, Kanye West is not only the highest-paid musician but also the second-highest-paid celebrity overall. Read on to know more details about the story:

Kanye West tops Forbes’ list of highest-paid musicians

Kanye West has made it to the top of the list of highest-paid musicians and is the second person on the overall celeb list with $170 million, whereas his extended family member Kylie Jenner is at the top of the overall celebrity list with $590 million to her credit.

While Kanye West enjoys the top-rank on the list, Elton John managed to grab the second position on the list with reported earnings worth $81 million. He is followed by Ariana Grande on the list with $72 million to her brand.

ALSO READ | Rashmi Desai, Dipika Chikhlia & Others Express Shock Over Kerala Elephant Incident

The fourth and fifth rank were scored by Jonas Brothers and Chainsmokers respectively, with earnings of $68.5 and $68 million. Usually, music artists earn a living from selling records but a large percentage of their income comes from music tours and celebrity endorsements. Due to the coronavirus pandemic, these tours have not been made possible. However, West also gets his income from his line of footwear named Yeezy sneakers.

ALSO READ | JK Simmons Reveals He Wants To Play Father To Every 'Chris' In Hollywood

Kanye West's top-selling albums include Graduation, Yeezus, Jesus is King and Ye. He is currently the highest-earning rapper in the music industry with a net worth estimate of $170 million in 2020.

Forbes’ list of the world’s highest-paid music artists (2020)

1. Kanye West $170 million
2. Elton John $81 million
3. Ariana Grande $72 million
4. Jonas Brothers $68.5 million
5. Chainsmokers $68 million
6. Ed Sheeran $64 million
7. Taylor Swift $63.5 million
8. Post Malone $60 million
9. Rolling Stones $59 million
10. Marshmello $56 million
11. Shawn Mendes $54.5 million
12. Jay-Z $53.5 million
13. Billie Eilish $53 million
14.  BTS $50 million
15. Drake $49 million
16. Jennifer Lopez $47.5 million
17. Pink $47 million
18. Rihanna $46 million
19. Luke Bryan $45.5 million
20. Backstreet Boys $45 million
21. Phil Collins $45 million
22. Blake Shelton $43.5 million
23. Celine Dion $42 million
24. The Eagles $41 million
25. Metallica $40.5 million

ALSO READ | Mohena Kumari Tests Positive For COVID-19, Ex-BFF Rishi Dev Shows Concern

ALSO READ | Brad Pitt Likes Being Funny At Award Functions & His Acceptance Speeches Are A Proof