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
Publishin: $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.