However, low payouts don't have a negative effect on all artists, as Top Dollar published a 2021 "Rich List" for the streamer, pointing out that rapper Drake earned an estimated $52.5 million from the platform with a total of 21.5 billion streams.
Artists can make an average of anywhere from $3,300 to $3,500 per 1 million streams. These figures have fluctuated to some extent in 2020 and 2021, actually rising slightly for the first time since the company was founded in 2006.
Unsurprisingly, Drake still holds the top spot with over $110 million in total earnings. Ariana Grande is the highest-earning female artist on Spotify, with BTS securing its position as the top-earning band.
Justin Bieber Net Worth – His Earning from Spotify
It is estimated that Spotify pays $0.004 per stream that would roughly translate to $333,200 per song and hypothetically if each user streamed 10 songs then he will make a whopping $3.3 million.
A partnership agreement has been signed between Drake and the popular streaming service, which ensures that the service has a constant supply of fresh compositions by the canadian rapper and compliance with his copyright, and the performer himself has an increased level of royalty payments.
Performers usually earn about 20-30% of the total royalty payments. This means that for every 10 thousand streams, for example, in Apple Music, the artist will receive 15-25 dollars. A million auditions, respectively, will bring 1,500 -2,500 dollars, and one billion – 1.5-2.5 million dollars.
Drake still releases music under Universal Music Group, which is the parent company of Cash Money Records.
12) with revelations about royalties the singer generated at the streaming company. Scott Borchetta, head of Swift's record label, Big Machine, told Time magazine that Swift's catalog earned less than $500,000 — $496,044 to be exact — in the past 12 months from domestic streaming at Spotify.
It's been reported that one streaming service, Apple Music, pays . 00783 cents per stream. So if, hypothetically speaking, all of Certified Lover Boy's 743 million streams were all from Apple Music, that would've raked in close to $6 million alone.
How much does Ariana Grande make on Spotify? Grande rakes in an estimated $15.7 million from Spotify streams alone.
Forbes reports that Drake's 2020 earnings topped $49 million, and placed him at no. 49 on the outlet's Celebrity 100 list of 2020. However, according to Celebrity Net Worth, Drake has a total net worth of $200 million, with a salary of about $70 million per year.
Justin Bieber has broken a record — again. Last year, the artist from Stratford, Ontario became the first to have seven songs surpass a billion streams on Spotify, edging past Post Malone. Now, he's the first to have 10.
Rihanna, with over 1 billion streams, earned around $8 million.
As for how much Spotify pays per stream, they pay roughly $0.04 per 10 streams. So, 1000 streams would be around $4, and 100,000 streams would be $400. Remember, this result may be lower based on certain factors such as if only half of your song was listened to.
J Balvin (15.5 billion streams) reportedly made $37.9 million, Post Malone (15.3 billion streams) reportedly made $37.5 million, Bad Bunny (14.8 billion streams) reportedly made $36.2 million and Ed Sheeran (14.7 billion streams) reportedly made $36 million.
Drake Net Worth: $180 Million
He has the most number-one singles on the Hot Rap Songs.
You see, Drake is going to release his new album exclusively through Apple Music, continuing the trend of exclusivity deals between major label artists and music streaming services.
Eilish was estimated to be worth $53 million in 2020, and it was thanks to a reported $25 million payday for The World's a Little Blurry—in other words, roughly half of her current net worth.
Ed Sheeran could become Britain's first billionaire musician, according to the Sunday Times Music Rich List. The Suffolk singer-songwriter, who has just become a dad for the second time, reportedly saw his wealth increase by £40 million.
Well, the wait is over: After weeks of speculation, Drake has chosen to go with the home team and sign with Lil Wayne's Young Money Records, according to a source close to the situation. The deal breaks down as a joint venture between Young Money and Cash Money, with Universal Republic distributing.
Birdman Shared He Gave Lil Wayne, Drake & Nicki Minaj $1.4 Billion Out His Pocket. Birdman shared that he gave Lil Wayne, Drake, and Nicki Minaj, $1.4 billion combined out of his pocket.