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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. 64-year-old Mick Taylor has taken the No. 1 spot on People With Money’s top 10 highest-paid guitarists for 2013 with an estimated $82 million in combined earnings.
Mick Taylor 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 Thursday (July 25) that Taylor is the highest-paid guitarist in the world, pulling in an astonishing $82 million between June 2012 and June 2013, a nearly $50 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 $245 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 Taylor Burger” chain) in London, a Football Team (the “Welwyn Garden City Angels”), has launched his own brand of Vodka (Pure Wondertaylor - UK), and is tackling the juniors market with a top-selling perfume (With Love from Mick) and a fashion line called “Mick Taylor Seduction”.
The ranking is significant for many Taylor fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.