How Much Money Did Therolling Stones Make

The Rolling Stones are the about successful rock band that has ever existed, and have released dozens of albums, played endless concerts, and gotten very rich. But how did the Rolling Stones make nigh of their money?

Here'due south what I learned:

In the early office of their career, The Rolling Stones fabricated most of their coin from record sales. But in more than recent decades, they have made the bulk of their income from record-breaking concert revenues and merchandise sales.

The Rolling Stones ceased beingness a simple stone and roll band years ago.

For the amend office of 50 years, they take been a tightly run business that has made their 4 principal shareholders very, very wealthy.

How exercise they divvy up their earnings? Who among the erstwhile members of the band continues to collect royalties? And who has washed the most with their substantial income over the years?

I did the research, so you don't have to. This is what I plant out.

How Much Money take the Rolling Stones Made in Their Career?

The Rolling Stones are worth an estimated $1.five billion dollars. And just 1 world bout tin can bring in over $400 million dollars.

(source)

It is adjacent to impossible to come with a single sum that represents the earnings they take made from their unlike revenue streams over their impressively long career.

Between 1989 and 2002, it was estimated past Fortune mag that they had accumulated over $1.v billion in gross revenue.

That is only 13 years out of a sixty-year run.

In 2018, they brought in an incredible $117 million in acquirement from their No Filter Tour. They merely played xiv shows.

Much of their fiscal success can be attributed to Prince Rupert Zu Loewenstein, who was the band's financial counselor for nearly 40 years.

Nether his guidance, the Rolling Stones were able to negotiate favorable contracts that increased their earnings essentially.

He was too the force behind the radically successful organization of the Rolling Stones as a business venture.

Keith Richards has referred to him as the "mastermind" behind the corporate organisation that has allowed the Rolling Stones to successfully manage their collective fortune.

Mick Jagger and Keith Richards caught in an iconic moment in time – recording the rail Sympathy for the Devil at Olympic Studios in Barnes, London, June ten, 1968.

📸: Mark and Colleen Hayward picture.twitter.com/H9T7dBxoWC

— The Rolling Stones (@RollingStones) July iii, 2021

Who is Richer – Mick Jagger or Keith Richards?

Technically, Mick Jagger has more wealth at $360 one thousand thousand dollars compared to Keith Richards' $340 million dollars. But that is only a 6% divergence.

Keith Richards and Mick Jagger are the master songwriters of the group, so they are entitled to additional authorship royalties.

This gave them a definite advantage over their bandmates when it came to royalty payments and the ability to accumulate a significant amount of wealth over the years.

What did they practise with all of that money, and how exactly did they earn it?

Mick

Mick Jagger has had a prolific career as an artist – he'south also made some wise investments.

• He has acted in at least eight motion pictures.
• He recorded four solo albums and fronted a side project called SuperHeavy.
• Is the founder and co-possessor of Jagged Films, a film production company.
• He's invested in an impressive real estate portfolio estimated to be worth effectually $250 million.

Keith

Keith Richards has had a similarly productive career:

• He is a renowned producer and is the possessor of the record label Mindless Records
• He formed and fronted the group the X-Pensive Winos, a relatively successful side project.
• He has appeared in two of the Pirates of the Caribbean movies.
• He owns various one thousand thousand-dollar properties around the globe and has an impressive guitar collection.

The Stones in Laurel Canyon, Los Angeles in 1969. Henry Diltz was sent to photograph the band one afternoon but they were asleep. They eventually woke upward and had breakfast merely before nightfall.. picture.twitter.com/PntbLgL22g

— The Rolling Stones (@RollingStones) February 28, 2021

How practise the Rolling Stones Split Their Money?

The Rolling Stones aren't transparent about how money is divided amongst bandmates. Merely it's a good assumption that performance royalties, concert ticket sales, and merchandise get divided equally amidst the 4 current official band members. But Jagger and Richards earn virtually of the songwriting royalties.

That's, of course, because almost every song the Stones have washed was a Jagger/Richards composition if information technology wasn't a embrace vocal.

And songwriting royalties for a catalog like the Stones' itemize can be a LOT of coin.

Later on all, every time someone covers a Stones song, those royalties go to the songwriters of the vocal, non the ring members in the band (unless that is i and the same).

Jagger, Richards, Watts, and Wood are the principal owners of the Rolling Stones business venture, and so one would assume they have an equitable sharing of the overall profits. But the business of beingness rock and coil legends is complex.

Coin comes in from diverse sources;

• Merchandising
• Concert tours
• Music sales
• Digital downloads
• Licensing agreements (such as Guitar Hero)

I liked this quote from a 2002 interview:

"Exercise all four get equal shares of touring and new-tape sales? No one in the Stones' political party will touch that one. 'In the old days they all got equal splits,' says the Stones' onetime managing director, Allen Klein, 'but I doubt it at present.' "

Speaking about the early days, Mick Jagger has been quoted as saying, "I'll never forget the deals I did in the '60s, which were but terrible."

I found some interesting bits of trivia near how the Rolling Stones split their money back then:

• Later their first tour of approximately 38 concerts in 1965, each member of the band made approximately $fifty,000 – about $431,000 in today'southward money.
• Under the original Decca contract, the two band managers earned significantly more than than anyone in the band. Of the ring'due south 6% royalty payment, 25% went to their 2 managers.
• For the original songwriting royalties, 72% went to Mick Jagger, Keith Richards, then manager Andrew Oldham.

"It's very difficult to go on your sanity." Elusive one-time Rolling Stones bassist Bill Wyman opens upwards in the trailer for the new documentary 'The Quiet One' https://t.co/X5HGLjcFUF pic.twitter.com/i4a1roHAgI

— Rolling Stone (@RollingStone) June 4, 2019

Does Bill Wyman Still Become Coin from the Rolling Stones?

Bill Wyman however does become money from the Rolling Stones. Specifically, he gets functioning royalties for whatsoever anthology he performed on when information technology is purchased, streamed, or downloaded.

Every bit the original bassist for the Rolling Stones, Bill Wyman "divorced" the band back in 1993. In the thirty years he spent with the grouping, he played on their virtually iconic records that proceed to sell even to this 24-hour interval.

Referring to the time when he split from the ring, he said:

"The large coin wasn't at that place yet. I had a small nest egg, and I tin can live nicely, merely I can't rely on Stones royalties to support me. I accept to piece of work, and I'1000 not in the same league as the boys who stayed on."

With a net worth estimated to be about $80 meg, even with minimal Stones royalties, he'due south not doing too bad for himself.

Simply what virtually other former members similar Brian Jones?

If you lot're interested in reading about other former members of the Rolling Stones, cheque out this article I just posted near Brian Jones and his role in starting this iconic ring. Afterwards all, he started out equally the band leader, but his role degenerated until his death.

But click that link to read it on my site.

The Rolling Stones take announced their Extra Licks weekly livestream serial, featuring bonus footage from half-dozen concert films https://t.co/g9KcBlo3QF pic.twitter.com/BGiWPM0dSj

— Rolling Stone (@RollingStone) May 1, 2020

Practice the Rolling Stones Make More from Concerts than from Record Sales?

The Rolling Stones make far more coin from concerts (both tickets and merchandise) than from record sales. As a general rule, The Stones make more than than $400 meg for every tour they do.

There is a reason that the Rolling Stones go along to tour extensively, long after the peak of their creative careers.

Information technology's expert money.

Concerts brand far more money for a band these days than record sales.

Offset, physical record sales (CDs and LPs) make upward less than 10% of sales in an industry with an incredible array of options for the consumer. The vast majority of music is at present listened to through paid subscription services online.

In an Insider article from 2013, Professor Jeff Dorenfield at the Berklee Higher of Music stated:

"There is very niggling money made from recorded music anymore…All those revenues are not what they were…"

But touring?

Well, exercise you lot think that No Filter tour I mentioned? The Stones earned an estimated $10 meg per show.

Conclusion

The Rolling Stones have definitely made almost of their money from consequent touring.

From the beginning, the Stones put on a great live prove, but starting with the Steel Wheels tour in 1989, they have mastered the fine art of putting on legendary concerts (and making them incredibly lucrative). Decades later on, their well-oiled machine is still going strong.

I'll leave you with this great quote from Keith Richards:

"How long can we proceed? Forever. I'll let you know when we keel over."

Sadly, of course, drummer Charlie Watts dropped out of the Stones' bout in 2021 and and then passed abroad on August 24, 2021. But, as they say, the evidence must go on, and he'southward been replaced, at least for touring, by Steve Jordan.

---

Photos that require attribution:

DSCF2823 Rolling Stones and DSCF2828 Rolling Stones by GothEric are licensed nether CC2.0 and were cropped, edited, merged, and had a text overlay added.

Source: https://musicnerdshq.com/how-did-the-rolling-stones-make-most-of-their-money/#:~:text=Between%201989%20and%202002%2C%20it,They%20only%20played%2014%20shows.

Posted by: barclaygrance.blogspot.com

Share this post