One hit wonders: No matter how old you are, most of us dream of striking it rich with one giant stroke of luck and chance. For some it’s the lottery, and for others it’s getting recognition by doing something stupid that goes viral. Computer geeks dream of creating that one million dollar app.
- 13 Nigerian musicians who own several luxurious cars – See who’s got the best! (With Pics)
- The 12 most idiotic Kanye West moments (With Pics)
- Top 12 celebrity plastic surgery operations gone horribly wrong – Before and after photos
- 10 dirty things Cristiano Ronaldo wants you to forget about his personal life (With Pictures)
For those of us as teens with even a smidgen of musical talent, the dream was and always is to create that one-hit that sets us for life. But does that really happen often? Sorry kids, being a one-hit wonder doesn’t make you rich except for a very, very, very small percentage of those who made it to the top of the charts. One hit wonders still need to work day in and day out to make ends meet. I’m sure many one hit wonders live comfortably, but only a few are rich. And none of these people amassed their fortune directly from their one hit. Perhaps it’s a bad contract that gives royalties to everyone else, bad financial decisions, drugs, alcohol, gambling, you name it. What will surprise you is who is off this list. The richest one-hit wonders are not necessarily the biggest one-hit wonders (one very big exception).
The definition of a one-hit wonder differs across geographies, and across genres. This list could include actors, sports stars and musicians. But we’ll concentrate on musicians. Several one-hit wonders are rich because of success in a particular geographical market, or success in a particular genre. 90% of those on this list made their money because they knew how to milk their success and transfer it into other fields, or were very good at attracting loyal fans for a very long period of time without the use of popular radio. We will use the U.S definition of a one hit wonder as someone with a single billboard top 20 hit in the United States. This list was compiled by checking the net worth of various one-hit wonders and finding the millionaires. Only 10 millionaires could be found out of hundreds of one hit wonders. There might be more if you look hard enough, but they are hard to find. Which goes to show that being a flash in the pan is no road to riches.
10. Taylor Hicks – Net Worth: $3.3 Million
Taylor Hicks is proof that winning on American Idol can make you rich, even if you have had only one hit. The Season 5 American Idol winner (at the age of 30) made it to number one on the billboard charts with his first single Do I Make You Proud (2006). The single lasted 5 weeks on the chart. His first album sold a little over 500000 copies. Where has he made his money? He did make 5 more albums, but none of them were commercially successful. In 2006 he appeared on the American Idols tour. He received a reported $750,000 to write his memoirs. The book was released in 2007. In 2008 he performed in the National Tour of Grease. His best year in earnings was in 2013 where he reportedly pulled in $2.5 million, half of which came from his Vegas shows in the 200 seat room at Paris Las Vegas. His net worth makes him the seventh richest idol winner. He is the first Idol Winner to move to Las Vegas. He’s also an entrepreneur who owns a handful of rental properties, he is part owner of Saw’s Juke Joint in Birmingham, Alabama, and he owns his own indie record label, where his albums have sold around 50000 copies.