Top 10 Richest Musicians in Canada [2024]

The impact of Canadian singers on the music industry cannot be underestimated, the country has produced some of the biggest musicians the world has seen. These acts have not only made a name for themselves but have also generated a fortune in the process. In recognition of this huge impact, we have a compilation of the top 10 richest musicians in Canada in 2022.

1. Celine Dion

Net Worth: $800 Million

Celine Dion is the richest musician in Canada and one of the richest in the world, with an estimated net worth of $800 Million, according to Forbes. She  is the best selling Canadian artist of all time, with multiple platinum albums and  diamonds records to her name in numerous countries across the world

Celine Dion emerged as a teen star in Canada with a series of French-language albums in the 1980s and gained international recognition after winning the 1982 Yamaha World Popular Song Festival and the 1988 Eurovision Song Contest. She has since then grown to be one of the biggest music stars in world history.

Celine Dion is  also one of the best-selling artists of all time and a recipient of five Grammy Awards, 12 World Music Awards, 7 Billboard Music Awards, 6 American Music Awards, 20 Juno Awards, 50 Felix Awards and many more.  She also received a star on Canada’s Walk of Fame and the Hollywood Walk of Fame.

2. Shania Twain

Net Worth: $400 Million

Taking second place among the richest musicians in Canada is the Legendary Shania Twain with an estimated net worth of $400 Million. The 56-year-old singer is regarded as the best-selling female artist in country music history and one of the most popular country artists of all time.

Twain began her musical career at the age of 8, singing at bars to help pay her family’s bills. She was invited to perform on tv  at the age of 13 and began to sing professionally in 1990, releasing her debut studio album in 1993.

She attained the international limelight with her second studio album, (Woman in Me) in 1995  which sold over 20 million copies worldwide. Her third studio album, (Come On Over) in 1997, is the best-selling studio album by a female act in any genre and the best-selling country album of all time, selling over 40 million copies worldwide.

Twain is a recipient of over 200 awards, including five Grammies.

3. Justin Bieber

Net Worth: $300 Million

The 29-year-old pop icon, Justin Bieber with his estimated net worth of $300 million, takes the third place among the richest musicians in Canada. The singer with millions of followers on every social platform is considered one of the most popular and successful  musicians of the 21st century.

Justin Bieber was discovered by American record executive Scooter Braun, who signed him into his record label in 2008. He however attained the limelight after the release of his debut seven-track EP My World in 2009,  establishing himself as a force to reckon with in the Industry.

After 12 years in the industry, Justin Bieber is a recipient of numerous awards including two Grammy Awards, one Latin Grammy Award, eight Juno Awards, two Brit Awards, one Bambi Award, 21 Billboard Music Awards, 18 American Music Awards, 21 MTV Europe Music Awards 23 Teen Choice Awards and 33 Guinness World Records.

4. The Weeknd

Net Worth: $300 Million

Abel Makkonen Tesfaye, professionally known as The Weeknd is the sixth richest musician in Canada in 2022, with an estimated net worth of $300 Millon. He is considered a prominent figure in contemporary popular music and is among the world’s best-selling music artists with over 75 million records sold.

The Weeknd began his career in 2009 by anonymously releasing music on YouTube.  Two years later, he co-founded the XO record label and released several mixtapes which quickly gained recognition for his style of contemporary and alternative R&B and the mystique surrounding his identity.

He has since then released several projects which have earned him major critical and commercial success. He is a recipient of numerous awards, including four Grammy Awards, 19 Billboard Music Awards, 15 Juno Awards, six American Music Awards, two MTV Video Music Awards, and an Academy Award nomination.

5. Drake

Net Worth: $250 Million

One of the best selling rappers of all time, Aubrey Drake Graham popular known as Drake takes 5th place among the richest musicians in Canada in 2022 with an estimated net worth of $ 250 million. The singer who is regarded as the artist of the decade attained limelight, after he featured as an actor in the CTV teen drama series, Degrassi.

He began to pursue his music career in 2006 releasing his debut mixtape and two other mixtapes before he was signed into Young Money Entertainment by Lil Wayne in 2009. Today he is among the world’s best-selling music artists with over 170 million records sold, world wide

Drake has won four Grammy Awards, six American Music Awards, a record of 29 Billboard Music Awards, two Brit Awards, and three Juno Awards, and holds several Billboard Hot 100 chart records.

6. Neil Young

Net Worth: $200 Million

Neil Young is another legendary musician on the list of the richest musicians in Canada. The singer with an estimated net worth of $200 Million is one of the most iconic musicians Canada has ever produced.  He was ranked   among the 100 greatest musical artists by Rolling Stone.

Young began his music career in in Canada in the 1960s, He moved to Los Angeles, where he formed Buffalo Springfield (a rock band) with Stephen Stills, Richie Furay and others. He went solo after the band broke up in 1968 and has since registered himself as one of the most admired Canadian musicians of all time.

He is a recipient of several Grammy and Juno Awards and also a two-time inductee of the Rock and Roll Hall of Fame in 1995 as a solo artist and in 1997 as a member of Buffalo Springfield.

7. David Foster

Net Worth: $150 Million

David Foster is a Canadian producer and music executive and one of the richest musician in Canada , with an estimated net worth of $150 Million. His music career spans more than five decades, beginning in the early 1970s as a keyboardist for the pop group Skylark,  before focusing largely on composing and producing.

According to Wikipedia, David Foster has co-written more than 40 pop hits on the Billboard Hot 100. His songwriting credits include “Earth, Wind and Fire’s “After the Love Has Gone,” Peter Cetera’s “Glory of Love,”  and the themes for the 1988 and 2002 Winter Olympics and the 1996 Summer Olympics.

David has also collaborated with numerous prominent artists including fellow Canadians Michael Bublé, Celine Dion and Bryan Adams. He has also appeared in several reality TV shows and is recipients of  16 Grammys and a Golden Globe. Additionally, he is an Officer of the Order of Canada.

8. Joni Mitchell

Net Worth: $100 Million

Joni Mitchell is Canadian-American singer-songwriter, multi-instrumentalist and  one of the richest Musician in Canada, with an estimated net worth  $100 Million. She is considered one of the most influential singer-songwriters to emerge from the 1960s folk music circuit,  and  one the best recording artist of the late 20th century.

Joni Mitchell began her career  singing in small nightclubs in Canada, before  to the United States, where she began to sing professionally.  According to biography on Wikipedia, Mitchell helped define an era and counter culture generation of the 1960’s with popular songs like “Big Yellow Taxi” and “Woodstock”.

In the course of her career, Joni released a total of 19th studio albums.  Her 1971 album Blue is often cited as one of the greatest albums of all time. She has received 10 Grammys, three Juno Awards and a Kennedy Center Honor. She is also a Companion of the order of Canada.

9. Michael Bublé

Net Worth: $80 Million

Taking seventh place among the richest musicians in Canada, with an estimated net worth of $80 Million is Michael Bublé, the legendary King of Christmas. He is one of the legendary singers Canada has produced and one of the best selling singers of all time, with more than 75 million copies sold.

Michael stated that he has always wanted to be a singer since he was two, He would sleep with his bible every night and pray to become a successful singer. The singer has however grown to be one of Canada’s biggest musical export.

The Singer’s To Be Loved Tour launched in support of his eighth studio album, To Be Loved (2013) is one of the biggest concerts held at the London 02 Arena.  He is also a winner of multiple awards including four Grammy Awards and multiple Juno Awards

10. Avril Lavigne

Net Worth: $60 Million

Avril Lavigne is a Canadian punk singer and one of the richest musicians in Canada, with an estimated net worth of $60 million. She is considered a key musician in the development of pop punk music since she paved the way for female-driven, punk-influenced pop music in the early 2000s.

Just like many on this list, Avril began singing at an early age with support from her family. She performed at country fairs, covering popular songs.  She was signed to a record label after winning a radio contest to perform with the legendary  Shania Twain at the Corel Centre in Ottawa, before an audience of 20,000 people.

Her debut studio album, Let Go (2002), is the best-selling album of the 21st century by a Canadian artist. She has also received several accolades and nominations, including eight Grammy Award nominations.

Forbes Top 10 Richest Musicians in Canada[2024]

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