Pete - Top Grossing Guitarist of Past Year



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Tue Apr 15 20:24:50 UTC 2014


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Pete Townshend Highest-Paid Guitarist in the World

By Carol KearneyLondonLast updated on April 15, 2014





Pete Townshend led People With Money’s annual list of the “100 highest paid guitarists” released on Monday.
PETE TOWNSHEND »
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It's been a rough year for the guitarist, but at least he has his millions of dollars to ease the pain. 68-year-old Pete Townshend has taken the No. 1 spot on People With Money’s top 10 highest-paid guitarists for 2014 with an estimated $75 million in combined earnings.

UPDATE 15/04/2014 : This story seems to be false. (read more)

Pete Townshend tops annual list of highest-paid guitarists

In 2011 it looked like the guitarist’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Monday (April 14) that Townshend is the highest-paid guitarist in the world, pulling in an astonishing $75 million between March 2013 and March 2014, a nearly $40 million lead over his closest competition.

People With Money’s factors

In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.

The British guitarist has an estimated net worth of $215 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “Fat Townshend Burger” chain) in London, a Football Team (the “London Angels”), has launched his own brand of Vodka (Pure Wondertownshend - UK), and is tackling the juniors market with a top-selling perfume (With Love from Pete) and a fashion line called “Pete Townshend Seduction”.

The ranking is significant for many Pete fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.


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