if you ignore the exceptions like Taylor Swift, Kanye, Drake, Jay Z and a few others most main stream musicians Net Worth is so fucking low. Example: rapper Tyga’s net worth is only $3 million... like wtf? all these main stream musicians talking about “lots of money” but their TC isnt even that great year in year out. unless im missing something? edit: like i know hedge fund managers make way more i already know that... but im confused how such a public icon with cars/clothes/houses has such a LOW net worth..?
They aren't the record companies, that's why. Well that and the dumb purchases.
Most artists and athletes horrible with money
Spending is not correlated with net worth
It is if you spend all your money on stupid crap
You are missing something. Those net worth websites are BS. Musicians earn a lot. E.g. Tekashi 6ix9ine just signed a $10 million deal....from jail
If he spends it all on valueless assets he's still at 0 net worth, an idea wooshing past so many here its embarrassing
The entertainment industry's (comedians, hollywood, popstars, athletes, even novelists) success distribution follows the Zipf's law or Power law. It's basically an extreme version of the 80:20 rule, wherein 99% of the money goes to top 1%. And in the particular case of the music industry - after Napster destroyed their entire industry, they're at the mercy of pennies they get from youtube, itunes, pandora, spotify etc.
But should artists be smarter than that by now? They are the face of their own brand
Well individual artists probably spend a lot of what they earn to live up to some image. The real money is in owning and producing music and getting new artists to sign up under you. Rap also doesn’t have as broad appeal as artists like Taylor Swift who overlap a very broad genre. It’s about selling records and collecting royalties. Who’s going to remember some of these rap artists 10 years from now? Also streaming music has smaller revenue than selling entire albums. Margins are smaller for newer artists.
They lie about what they do. It’s true that the vast majority are not that wealthy at all. They talk about killing people too but that’s also for the most part a lie. They get rented jewelry, rented houses, rented cars, and recruit a bunch of IG models who only care about clout.
Sounds like Blind
Troll
It's all credit
Thinly veiled racist question. You’re only missing the fact that we’re not idiots and can see through it. Glad you bomb people for a living. Seems like a good fit for you.
Not even? Wtf. Seriously ignorant of you to point right to racism. Just asking a question. Insert any artist who talks about lots of money, then go google their net worth. Fucking moron
And you’re arrogant. No self awareness whatsoever.