A recent interview with music legend and Rolling Stones frontman Sir Mick Jagger revealed that it was more than just his musical ability that made him his fortune.
In an interview with the BBC Sir Mick admitted that it was more a case of timing and managing his finances saying:
“"There was a small period from 1970 to 1997 where people did get paid and they got paid very handsomely."
The Sunday Times UK Rich List supports this, with the surviving members of The Beatles and Jaggers’ fellow Stones all in the top 20.
But with the sales of CD’s and recorded music declining where is the money and status now going to come from?
Booking Agent Nick Matthews thinks festivals such as Glastonbury and T in the park are the next progression saying:
"A really good set time or good slot proves you are one of the top calibre artists of that time, it’s something agents and artists very tactically work towards, making sure they have a good presence at festivals.”
But one thing is obvious, no matter how much you make you need to keep hold of it.
(Source – BBC)