Function Magazine

Art, Fashion and Entertainment

Musicians earn mega bucks in 2012

Posted by elegant On November - 12 - 2012

The 2012 is getting closer to go on record books for earnings by entertainer.  According to published reports Canadian born Justin Bieber who released three albums, launched a world tour and invested in many startups such as Sportify and Tinychat is one of the most popular artists within the last 12 month period.  However, he has earned only about $55 million for the period.  The honor of the world’s highest earning musician award goes to unlikely Dr. Dre who earned more than $110 million for the same period according to the Forbes magazine.

The hip-hop artist, Dr. Dre, has a business deal with HTC, the Taiwanese manufacturer of smartphones and tablets.  HTC agreed to pay more than $300 million to buy 51 percent share of his Beats headphone business.  So far he has collected $100 million of the agreed price.  More and more musicians, artists and country music stars are investing outside the music industry in business ventures.  Besides Dr. Dre, Diddy and Jay-Z are good examples.  Holding concerts also paid handsomely for artists.  The Pink Floyd rocker Roger Winters collected more than $158 million gross in 63 shows in six months of 2012 from his The Wall Live tour.

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