With a fortune estimated at £45 million, Adele has topped the Sunday Times under-30s music rich list for the second year running. Despite releasing no new material last year, the singer’s wealth increased by £15 million in 2013.
Adele, 26, has released two studio albums – 19 (2008) and 21 (2011) – and wrote the theme tune to the 2012 James Bond film, Skyfall. She was also awarded an MBE last year for services to music.
DJ Calvin Harris is second on the list, with an estimated £30 million to his name. The DJ, whose real name is Adam Richard Wiles, released his third studio album, 18 Months, in 2012 and has enjoyed nine UK Top 10 hits from the record. First week sales of over 50,000 also propelled 18 Months to the top of the UK album chart.
Cheryl Cole, who has not released new music for two years, has dropped a position from last year and is now third in the list with £16 million.
The top 10 list is dominated by the five members of One Direction – Niall Horan, Zayn Malik, Liam Payne, Harry Styles and Louis Tomlinson – who each have a fortune estimated at £14 million. Read more
This won’t be the first time someone suggested Apple could start its own record label. But with Dr. Dre and Jimmy Iovine, two music industry heavyweights that have built some of the world’s biggest record labels rumored to be getting creative roles at Apple, it’s interesting to imagine what influence Iovine and friends could have on Apple’s approach to content.
If Apple is ever going to move on from simply being a music distribution hub taking its 30 percent cut to a record label of sorts fostering, promoting, and investing more in artists, Iovine is as good as it gets. Having built Interscope Records, the label behind some of the biggest artists of the last 20 years from Dr. Dre to Lady Gaga, Iovine’s real expertise is building labels, growing artists and selling music. Iovine himself admits the streaming service and even the headphone business were always a way to get control back to the labels and empower the artists, and that seems to be his main focus. Jimmy on building the Beats streaming service from a February 2013 interview:
“The artists aren’t going to get back there one song at a time. iTunes was great but it needs a step forward now. I really believe that. I believe that as a record producer, I believe it as a record company guy…”