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Reply #30 posted 04/16/06 2:41am

Eileen

CinisterCee said:

I would have said Paul McCartney if the question was "richest musician ALIVE"... but I truly had thought Elvis' post humous estate was grossing more than a 1/4 of the Beatles. But then again Paul (unlike John RIP) has had the chance to increase his income through touring.

I'm not up on the Beatles enough to be certain about this, however I've read that Paul has been pretty smart about investments. At some point even standard interest from a vast amount of money is a vast amount of money.

Elvis's estate certainly does okay, hitting #1 on the Forbes artist estate list most every year. However it's worth noting that what they (EPE) earn is mostly sans music. Most of his royalty rights were sold to RCA while he was still alive (hence conspiracy to defraud etc.) and the estate didn't have enough money to pay attorney fees to get the rights back even after ordered to do so by the probate court.

Eleen
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Reply #31 posted 04/16/06 4:45am

susannah

Ok, so we've got the top 3, or rather top 3 estates/band members...but who else? We all knew those three would make it...but who else is loaded? hmmm

The Stones? Bowie?
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Reply #32 posted 04/16/06 5:08am

u2prnce

susannah said:

Ok, so we've got the top 3, or rather top 3 estates/band members...but who else? We all knew those three would make it...but who else is loaded? hmmm

The Stones? Bowie?


You could probably add U2 to that. They haven't made as much as the Stones, but they might be up there with Bowie. Give 'em some time razz
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Reply #33 posted 04/16/06 5:11am

u2prnce

u2prnce said:

susannah said:

Ok, so we've got the top 3, or rather top 3 estates/band members...but who else? We all knew those three would make it...but who else is loaded? hmmm

The Stones? Bowie?


You could probably add U2 to that. They haven't made as much as the Stones, but they might be up there with Bowie. Give 'em some time razz


Page and Plant from Led Zeppelin. Obviously. Um, I'd guess Pete Townsend is doing OK. Springsteen.

These are just guesses. You never really hear about the rest, though.
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Reply #34 posted 04/16/06 5:12am

susannah

u2prnce said:

susannah said:

Ok, so we've got the top 3, or rather top 3 estates/band members...but who else? We all knew those three would make it...but who else is loaded? hmmm

The Stones? Bowie?


You could probably add U2 to that. They haven't made as much as the Stones, but they might be up there with Bowie. Give 'em some time razz


Yeah youre probably right nod Bono gives a lot of it away though, Im sure...

Im trying to think, who else?!

Also, not to blow a feminist horn or anything, but, what women are rich?! Cher? Tina? Madge? confused
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Reply #35 posted 04/16/06 5:20am

u2prnce

susannah said:

u2prnce said:



You could probably add U2 to that. They haven't made as much as the Stones, but they might be up there with Bowie. Give 'em some time razz


Yeah youre probably right nod Bono gives a lot of it away though, Im sure...

Im trying to think, who else?!

Also, not to blow a feminist horn or anything, but, what women are rich?! Cher? Tina? Madge? confused



No, you're right...Madonna would definitely be up there. I'd say she and Bowie are the two most intelligent stars as far as business. They are maximizing all of their finances. I wish they were running mine. smile

Who has the songwriting and publishing credit for the early Tina stuff? Is it Ike, or are they co-owned? That would make a big difference. But I'd say she's doing great but not up there with the other people we've mentioned.

Not sure about Cher. I guess I don't know enough about her career. She is incredibly popular in many ways, but I don't know if she's ever made enough money to be in the top 10.
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Reply #36 posted 04/16/06 5:28am

susannah

u2prnce said:

susannah said:



Yeah youre probably right nod Bono gives a lot of it away though, Im sure...

Im trying to think, who else?!

Also, not to blow a feminist horn or anything, but, what women are rich?! Cher? Tina? Madge? confused



No, you're right...Madonna would definitely be up there. I'd say she and Bowie are the two most intelligent stars as far as business. They are maximizing all of their finances. I wish they were running mine. smile

Who has the songwriting and publishing credit for the early Tina stuff? Is it Ike, or are they co-owned? That would make a big difference. But I'd say she's doing great but not up there with the other people we've mentioned.

Not sure about Cher. I guess I don't know enough about her career. She is incredibly popular in many ways, but I don't know if she's ever made enough money to be in the top 10.


Interesting stuff...

I think Ike probably owns most of Tina's...and then later in her career, well I dont know how much she had to do with that either hmmm Whatever happened to Ike though? didnt he end up in the gutter? Cant be that much money if so...

Yeah I guess maybe Cher hasnt made all that much either... but Diane Warren! Well, that chick knows how to write a tune nod She must be raking it in hmmm

I cant really think of anyone else...Janet? or is all her dough in Jimmy and Terry's back pockets?
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Reply #37 posted 04/16/06 5:36am

u2prnce

susannah said:



Interesting stuff...

I think Ike probably owns most of Tina's...and then later in her career, well I dont know how much she had to do with that either hmmm Whatever happened to Ike though? didnt he end up in the gutter? Cant be that much money if so...

Yeah I guess maybe Cher hasnt made all that much either... but Diane Warren! Well, that chick knows how to write a tune nod She must be raking it in hmmm

I cant really think of anyone else...Janet? or is all her dough in Jimmy and Terry's back pockets?


Good points. Some of these stars are paying alot of money to producers, songwriters, videomakers. That takes a toll. Plus, look at how they live. Someone like Michael lives very extravagantly. It seems like Madonna and Prince(at least lately), in comparison, live more within their means. That's just what it looks like to me, though.
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Reply #38 posted 04/16/06 5:41am

susannah

u2prnce said:

susannah said:



Interesting stuff...

I think Ike probably owns most of Tina's...and then later in her career, well I dont know how much she had to do with that either hmmm Whatever happened to Ike though? didnt he end up in the gutter? Cant be that much money if so...

Yeah I guess maybe Cher hasnt made all that much either... but Diane Warren! Well, that chick knows how to write a tune nod She must be raking it in hmmm

I cant really think of anyone else...Janet? or is all her dough in Jimmy and Terry's back pockets?


Good points. Some of these stars are paying alot of money to producers, songwriters, videomakers. That takes a toll. Plus, look at how they live. Someone like Michael lives very extravagantly. It seems like Madonna and Prince(at least lately), in comparison, live more within their means. That's just what it looks like to me, though.


nod I think so, and not just in the beginning either. Its like what was said about Colonel Tom Parker - he's surely still raking in a lot of the Presley estate's income. And if the artist didnt have anything to do with the songwriting at the time, theyre not getting any royalties 20 years later.

It seems to me, while Madonna and Prince, well, the lot of them really, spend truckloads of money, Michael spends money he doesnt have...on junk he doesnt need shrug
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Reply #39 posted 04/16/06 5:51am

u2prnce

susannah said:



nod I think so, and not just in the beginning either. Its like what was said about Colonel Tom Parker - he's surely still raking in a lot of the Presley estate's income. And if the artist didnt have anything to do with the songwriting at the time, theyre not getting any royalties 20 years later.

It seems to me, while Madonna and Prince, well, the lot of them really, spend truckloads of money, Michael spends money he doesnt have...on junk he doesnt need shrug


Yeah, I was forgetting how Elvis didn't write most of his songs--although I think he wrote a handful. Really though, no one can touch he and the Beatles level of sustained popularity. Thats why I think they are the top 2. If Elvis had written the songs and had a decent manager, then it would be really close.

Something I just thought of: Why didn't Paul get together with George and Ringo to buy the Beatles publishing? It seems insane to put that much effort into something and then let someone else take the money from it. I know Paul said something to the effect that he was opposed to buying something he feels was his anyways, but c'mon.
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Reply #40 posted 04/16/06 6:33am

sosgemini

avatar

the beegees...

abba...


barry manilow...

sade....

elton john...

these are all artist that write their own music and were/are huge...they got to be rolling in it...
Space for sale...
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Reply #41 posted 04/16/06 6:33am

susannah

u2prnce said:

susannah said:



nod I think so, and not just in the beginning either. Its like what was said about Colonel Tom Parker - he's surely still raking in a lot of the Presley estate's income. And if the artist didnt have anything to do with the songwriting at the time, theyre not getting any royalties 20 years later.

It seems to me, while Madonna and Prince, well, the lot of them really, spend truckloads of money, Michael spends money he doesnt have...on junk he doesnt need shrug


Yeah, I was forgetting how Elvis didn't write most of his songs--although I think he wrote a handful. Really though, no one can touch he and the Beatles level of sustained popularity. Thats why I think they are the top 2. If Elvis had written the songs and had a decent manager, then it would be really close.

Something I just thought of: Why didn't Paul get together with George and Ringo to buy the Beatles publishing? It seems insane to put that much effort into something and then let someone else take the money from it. I know Paul said something to the effect that he was opposed to buying something he feels was his anyways, but c'mon.


I have no idea... I know Maccas been busy ever since, but maybe George and Ringo didnt have the cash? Although, its obvious Macca does have enough to keep him and his kin quite happy, so maybe that, coupled with the fact that he would have to buy something that he feels is his (which I totally agree with), means he's just not that bothered about it. I dont know, I think I need a crash course in Beatles history - why did they sell them anyway?

I have no doubt there is someone on here that can answer these questions...
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Reply #42 posted 04/16/06 6:35am

susannah

sosgemini said:

the beegees...

abba...


barry manilow...

sade....

elton john...

these are all artist that write their own music and were/are huge...they got to be rolling in it...


Definitely the BeeGees and Elton John...forgot about them. Abba too. The others...I dunno, theyre not quite as widely popular as previous mentions...

I had no idea Sade would be on the list...but then I didnt know she wrote her own stuff either eek Props to her
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Reply #43 posted 04/16/06 6:35am

Graycap23

susannah said:[quote]

Interesting stuff...

I think Ike probably owns most of Tina's...and then later in her career, well I dont know how much she had to do with that either hmmm Whatever happened to Ike though? didnt he end up in the gutter? quote]

Don't believe the crap u see on TV. Ike lived a few miles from me in Cali and is doing QUITE well.
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Reply #44 posted 04/16/06 6:40am

susannah

Graycap23 said:[quote]

susannah said:



Interesting stuff...

I think Ike probably owns most of Tina's...and then later in her career, well I dont know how much she had to do with that either hmmm Whatever happened to Ike though? didnt he end up in the gutter? quote]

Don't believe the crap u see on TV. Ike lived a few miles from me in Cali and is doing QUITE well.



lol well thankyou! I thought something didnt add up...he was rather successful after all!

What does he do now then? Is he still in the business? Or just living off royalties? I would imagine it would be quite difficult for him to, I dont know, come back I suppose, because that film of Tina's put him in a very bad light. I cant really see him having a lot of fans, which is a bit of an over-reaction really. thats the media for you shrug
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Reply #45 posted 04/16/06 6:45am

sosgemini

avatar

susannah said:

sosgemini said:

the beegees...

abba...


barry manilow...

sade....

elton john...

these are all artist that write their own music and were/are huge...they got to be rolling in it...


Definitely the BeeGees and Elton John...forgot about them. Abba too. The others...I dunno, theyre not quite as widely popular as previous mentions...

I had no idea Sade would be on the list...but then I didnt know she wrote her own stuff either eek Props to her



i mention sade to try to bring some estrogen balance...and out of all the female artist she is the only one that writes all her own songs and , when touring, doesnt need fifty dancers on stage..so she has to be one of the wealthiest female musicians...but then the fact that she only releases and tours once every seven years might drop her from the list...but then her albums and tours are always top sellers...
Space for sale...
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Reply #46 posted 04/16/06 6:49am

susannah

sosgemini said:

susannah said:



Definitely the BeeGees and Elton John...forgot about them. Abba too. The others...I dunno, theyre not quite as widely popular as previous mentions...

I had no idea Sade would be on the list...but then I didnt know she wrote her own stuff either eek Props to her



i mention sade to try to bring some estrogen balance...and out of all the female artist she is the only one that writes all her own songs and , when touring, doesnt need fifty dancers on stage..so she has to be one of the wealthiest female musicians...but then the fact that she only releases and tours once every seven years might drop her from the list...but then her albums and tours are always top sellers...



I had no idea she was so wealthy or successful. I mean, I know what shes released but like I said I didnt know she wrote it and I guess I didnt think it was that big of a hit. Guess there are some people that you "miss".

What about Joni then? She must be quite comfortable? She wrote all, or most of her own stuff didnt she?
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Reply #47 posted 04/16/06 7:00am

u2prnce

I was totally sleeping on Pink Floyd because I'm not a fan. But they are up there. Queen, too. They had tons of chart success.
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Reply #48 posted 04/16/06 7:02am

u2prnce

sosgemini said:

susannah said:



Definitely the BeeGees and Elton John...forgot about them. Abba too. The others...I dunno, theyre not quite as widely popular as previous mentions...

I had no idea Sade would be on the list...but then I didnt know she wrote her own stuff either eek Props to her



i mention sade to try to bring some estrogen balance...and out of all the female artist she is the only one that writes all her own songs and , when touring, doesnt need fifty dancers on stage..so she has to be one of the wealthiest female musicians...but then the fact that she only releases and tours once every seven years might drop her from the list...but then her albums and tours are always top sellers...


I wouldn't be surprised if she does very well. I used to work at a music store, and she is one of the absolute top R & B artists as far as interest/sales. R Kelly and Stevie Wonder were the others, at least at my store.
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Reply #49 posted 04/16/06 7:02am

susannah

u2prnce said:

I was totally sleeping on Pink Floyd because I'm not a fan. But they are up there. Queen, too. They had tons of chart success.


doh! So ashamed I forgot Pink Floyd!

Fleetwood Mac in their many incarnations must have made quite a lot too...



And erm, am I right in thinking noones mentioned Prince yet?! Or were we just taking that as read! lol
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Reply #50 posted 04/16/06 7:03am

u2prnce

susannah said:

u2prnce said:

I was totally sleeping on Pink Floyd because I'm not a fan. But they are up there. Queen, too. They had tons of chart success.


doh! So ashamed I forgot Pink Floyd!

Fleetwood Mac in their many incarnations must have made quite a lot too...



And erm, am I right in thinking noones mentioned Prince yet?! Or were we just taking that as read! lol


lol Yeah, I think we all assume Prince is up there somewhere.
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Reply #51 posted 04/16/06 7:05am

lilgish

avatar

susannah said:

. I dont know, I think I need a crash course in Beatles history - why did they sell them anyway?

I have no doubt there is someone on here that can answer these questions...


They never owned it and if Michael didn't buy them, Charles Koppelman would have. Macca's not owning the catalog has to do more Yoko then anyone else.
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Reply #52 posted 04/16/06 7:06am

susannah

lilgish said:

susannah said:

. I dont know, I think I need a crash course in Beatles history - why did they sell them anyway?

I have no doubt there is someone on here that can answer these questions...


They never owned it and if Michael didn't buy them, Charles Koppelman would have. Macca's not owning the catalog has to do more Yoko then anyone else.


Do go on?
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Reply #53 posted 04/16/06 7:08am

u2prnce

sosgemini said:

the beegees...

abba...



Can I just say that I love Abba? Way before it was socially acceptable. I mean, I just read Noel Gallagher saying they were extraordinary and he's right. Plus, they had tons of hits. "Dancing Queen" is genius I tell you. Perfect. BeeGees are good too. I hate how people let fashion and image determine how cool somebody's music is. Nobody wrote better pop songs than Abba and the BeeGees.
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Reply #54 posted 04/16/06 7:11am

u2prnce

susannah said:

lilgish said:



They never owned it and if Michael didn't buy them, Charles Koppelman would have. Macca's not owning the catalog has to do more Yoko then anyone else.


Do go on?


I wanna know more, also. If Paul had no intention of buying them, I don't see why he would be angry at Michael. I'm confused. Alot of people make it sound like he was outbid by Michael, but I don't think that's what happened.
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Reply #55 posted 04/16/06 7:54am

lilgish

avatar

susannah said:

lilgish said:



They never owned it and if Michael didn't buy them, Charles Koppelman would have. Macca's not owning the catalog has to do more Yoko then anyone else.


Do go on?

This is how they lost them "In the 60s, to avoid confiscatory British taxes, he and Lennon turned their publishing rights over to newly-organized Northern Songs, a publicly-held company in which they owned sizable but apparently not controlling blocks of stock. In 1969 music mogul Lew Grade launched a takeover bid for Northern Songs in which he offered seven times the stock's original offering price. Lennon and McCartney, feuding as usual, were unable to organize an effective defense and the company was sold out from under them. This made them even more fabulously wealthy than they already were, since their stock was now worth seven times as much. However, they were still pissed on account of, you know, the principle of the thing."

This is what happened when Paul tryed to buy them back.

Paul being the nice guy he is offered Yoko a chance for co-ownership of the catalog, If Paul would have won the bid Yoko was set to have at least half the catalog. Which is only right since him and John wrote the bulk of what's in the catalog. At zero hour when the bid is happening, Yoko doesn't want to put more money up, her advisors or someone tells Macca not to bid any higher. In hindsight I'm sure he would have. Paul was outbid though by Charles Koppelman, who business is music publishing, who was outbid by Michael Jackson who ironically was cash rich at the time. You can imagine Paul's suprise when his supposed good buddy Michael Jackson gets the catalog. The only prior conversation they had over the catalog was 4 years prioir when Michael told paul he was gonna buy his songs, Paul thought his was joking, because at the time he was instructing Michael on publishing. Paul does have some reason to be angry with Michael though. According to Paul his royalty rate hasn't increased or sufficently increased to his liking, I'm not sure how the publishing holder controls that, but since the merger with Sony it doesn't seem like Michael has supported Paul or has declined increasing whatever rate he's due. When he was a 50/50 partner ,which he doesn't seem to be anymore after the refinancing, he might have had power over such decisions. Michael refuses to discuss this with Paul (telling Paul "it's just business) and I believe it was he that distanced with Paul. The Nike commercial was a more public display of this discord. What Michael did to Paul was fine as strangers, but they were supposed to be friends, Michael has not acted like a friend and that's why Paul should be upset. Michael did not directly outbid Paul though, Paul was gonna get outbid because of Yoko's indecision, not trying to blame it all on Yoko, but Charles Koppelman almost had it, he's been trying to weasel it from Mike ever since, I'm not sure how many people were ahead of Paul. But that's what you get for being a nice guy, Paul is still the richest musician of all time, so the nice guy has finished first.
[Edited 4/16/06 8:05am]
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Reply #56 posted 04/16/06 8:00am

susannah

lilgish said:

susannah said:



Do go on?

This is how they lost them "In the 60s, to avoid confiscatory British taxes, he and Lennon turned their publishing rights over to newly-organized Northern Songs, a publicly-held company in which they owned sizable but apparently not controlling blocks of stock. In 1969 music mogul Lew Grade launched a takeover bid for Northern Songs in which he offered seven times the stock's original offering price. Lennon and McCartney, feuding as usual, were unable to organize an effective defense and the company was sold out from under them. This made them even more fabulously wealthy than they already were, since their stock was now worth seven times as much. However, they were still pissed on account of, you know, the principle of the thing."

This is what happened when Paul tryed to buy them back.

Paul being the nice guy he is offered Yoko a chance for co-ownership of the catalog, If Paul would have won the bid Yoko was set to have at least half the catalog. Which is only right since him and John wrote the bulk of what's in the catalog. At zero hour when the bid is happening, Yoko doesn't want to put more money up, her advisors or someone tells Macca not to bid any higher. In hindsight I'm sure he would have. Paul was outbid though by Charles Koppelman, who business is music publishing, who was outbid by Michael Jackson who ironically was cash rich at the time. You can imagine Paul's suprise when his supposed good buddy Michael Jackson gets the catalog. The only prior conversation they had over the catalog was 4 years prioir when Michael told paul he was gonna buy his songs, Paul thought his was joking, because at the time he was instructing Michael on publishing. Paul does have some reason to be angry with Michael though. According to Paul his royalty rate hasn't increased or sufficently increased to his liking, I'm not sure how the publishing holder controls that, but since the merger with Sony it doesn't seem like Michael has supported Paul or has declined increasing whatever rate he's due. When he was a 50/50 partner ,which he doesn't seem to be anymore after the refinancing, he might have had power over such decisions. Michael refuses to discuss this with Paul (telling Paul "it's just business) and I believe it was he that distanced with Paul. The Nike commercial was a more public display of this discord. What Michael did to Paul was fine as strangers, but they were supposed to be friends, Michael has not acted like a friend and that's why Paul should be upset. Michael did not directly outbid Paul though, Paul was gonna get outbid by because of Yoko's indecision, not trying to blame it all on Yoko, but Charles Koppelman almost had it, he's been trying to weasel it from Mike ever since, I'm not sure how many people were ahead of Paul. But that's what you get for being a nice guy, Paul is still the richest musician of all time, so the nice guy has finished first.
[Edited 4/16/06 7:58am]


Wow thanks for that Lilgish!! Very interesting nod
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Reply #57 posted 04/16/06 8:02am

sosgemini

avatar

lilgish said:

Michael refuses to discuss this with Paul (telling Paul "it's just business) and I believe it was he that distanced with Paul. The Nike commercial was a more public display of this discord. What Michael did to Paul was fine as strangers, but they were supposed to be friends, Michael has not acted like a friend and that's why Paul should be upset.



oh please..business is business, period. mj, for once, made a proper business decision and its his choice to allow nike to do whatever...paul and his fans need to really get over it, period. goodness...
Space for sale...
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Reply #58 posted 04/16/06 8:06am

sosgemini

avatar

lilgish said:

Lennon and McCartney, feuding as usual, were unable to organize an effective defense and the company was sold out from under them.



Macca needs to get over the whole, mj is supposed to be a loyal friend, BS and realize this is what led to him loosing his songs...he and John had problems maintaining a professional working relationship which led to the both of them losing ownership..

its not yoko's fault..its not mj's fault..it has nothing to do with personal relationships or friendships..the two of them (yes...the two of them) could not maintain a business relationship and they both had to deal with the consequences..
Space for sale...
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Reply #59 posted 04/16/06 8:15am

lilgish

avatar

sosgemini said:

lilgish said:

Michael refuses to discuss this with Paul (telling Paul "it's just business) and I believe it was he that distanced with Paul. The Nike commercial was a more public display of this discord. What Michael did to Paul was fine as strangers, but they were supposed to be friends, Michael has not acted like a friend and that's why Paul should be upset.



oh please..business is business, period. mj, for once, made a proper business decision and its his choice to allow nike to do whatever...paul and his fans need to really get over it, period. goodness...


I could care less about Nike and Revolution, I'm not in there business, so I truely don't know, but I've heard about the way MJ cuts people of. I just don't think he's been the best friend to Paul, especially since Paul gave him advice on publishing. At least if I did that I would be man enough to tell Paul why I was doing "this or that" with the songs he wrote.
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