Genesis
English rock band Genesis outearned the entertainment world in 2022, proving that for some, age is just a number when it comes to work and income.
The Invisible Touch hit makers earned an estimated $230 million over the course of last year, Forbes magazine reports.
The highlight of their year was the $300 million sale of their music rights to Concord Music Group in September.
The sale included music by individual band members, including Phil Collins’ blockbuster solo albums No Jacket Required and … But Seriously, as well as music by Mike Rutherford’s side-project Mike + The Mechanics.
Not included was music recorded with former members Peter Gabriel and Steve Hackett.
Recorded music royalties and revenue from the European leg of their $100 million The Last Domino? tour rounded off their income for the year.
Collins, 72, has a net worth of $350 million, according to the wealth tracking website Celebrity Net Worth. The seven-time Grammy winner has sold in excess of 100 million albums on his own and with Genesis, which he joined in 1970.
The In The Air Tonight singer reportedly owns property in the US and in his native England.
Rutherford and Tony Banks, both also 72, have a net worth of $120 million and $60 million, respectively.
Other top earners in 2022 include Sting ($210 million, largely from the sale of his musical catalogue), Tyler Perry ($175 million), Brad Pitt ($100 million) and Taylor Swift ($92 million).
Anne Hathaway
Les Misérables actor Anne Hathaway has invested in Every, a food technology start-up that wants to hasten the global transition to animal-free protein, the company said recently.
The size of her investment was not disclosed. It is her first investment in a business-to-business (B2B) company.
“The need to transform our food system has never been clearer or more urgent. An important piece of the puzzle is in nature-equivalent animal proteins, such as Every has been developing. I’m proud to back this vision of a better future,” Hathaway said.
The company uses precision fermentation to turn DNA sequences, yeast and sugar into faux meat proteins that it claims taste and function much in the same way as the originals but have a lighter environmental footprint.
Every creates animal-free pepsin and egg proteins that are vegan-certified.
The company is now scaling up its production line after seven years of research and development. It unveiled three products in the past 12 months.
Investments in precision fermentation platforms totalled $1.7 billion in 2021.
“We are thrilled to partner with visionary investors like Anne to drive forward our plans to reimagine the way we feed and nourish the world,” said Every chief executive Arturo Elizondo.
Anne Hathaway's style evolution — in pictures
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Anne Hathaway, in hot pink cargo trousers and a knitted cardigan, attends the Fox Teen press junket at Planet Hollywood in Los Angeles, California, on July 23, 1999. Globe Photos -
Anne Hathaway, in a strapless LBD, attends the 'Nicholas Nickleby' premiere at Warner Village Cinema on June 22, 2003 in London, England. Getty Images -
Anne Hathaway, in Christian Lacroix, arrives at the 59th annual Tony Awards at Radio City Music Hall on June 5, 2005 in New York, US. EPA -
Anne Hathaway, in a lace-trimmed strapless dress, attends a photo call for 'Brokeback Mountain' at the 62nd Venice Film Festival on September 2, 2005 in Venice, Italy. Getty Images -
Anne Hathaway, in an asymmetric tiered dress, attends the premiere for 'Brokeback Mountain' at the 62nd Venice Film Festival on September 2, 2005 in Venice, Italy. Getty Images -
Anne Hathaway, in a teal mini dress, attends a party for 'The Devil Wears Prada' at Casino di Venezia on September 6, 2006 in Venice, Italy. Getty Images -
Anne Hathaway, in a polka-dot dress, attends a photo call for 'The Devil Wears Prada' during the 63rd Venice Film Festival on September 7, 2006 in Venice, Italy. Getty Images -
Anne Hathaway, in Alberta Ferretti, attends the premiere of 'The Devil Wears Prada' at the 63rd Venice Film Festival on September 7, 2006 in Venice, Italy. Getty Images -
Meryl Streep and Anne Hathaway, in a gold-trimmed LBD, attend 'The Devil Wears Prada' premiere at the 32nd Deauville Festival on September 9, 2006 in Deauville, France. Getty Images -
Anne Hathaway, in Valentino, arrives at the Valentino in Rome: 45 Years of Style gala dinner at the Imperial Forum on July 6, 2007 in Rome, Italy. Getty Images -
Anne Hathaway, in Marchesa, arrives for the 80th annual Academy Awards at the Kodak Theatre in Hollywood, California, on February 24, 2008. EPA -
Anne Hathaway, in a red dress with voluminous sleeves, attends the premiere of 'Get Smart' at Movie World on June 22, 2008 in the Gold Coast, Australia. Getty Images -
Anne Hathaway, in Valentino, attends the 'Get Smart' premiere at Warner Moderno Cinema on July 7, 2008 in Rome, Italy. Getty Images -
Anne Hathaway, in Lela Rose, attends a 'Rachel Getting Married' photo call at the 65th Venice Film Festival on September 3, 2008 in Venice, Italy. Getty Images -
Anne Hathaway, in Versace, attends the premiere of 'Rachel Getting Married' at the 65th Venice Film Festival on September 3, 2008 in Venice, Italy. Getty Images -
Anne Hathaway, in Armani, arrives for the 66th annual Golden Globes at the Beverly Hilton Hotel in Beverly Hills, California, on January 11, 2009. EPA -
Anne Hathaway, in Gianfranco Ferre, attends a photo call for 'Bride Wars' at Hotel George V on January 19, 2009 in Paris. Getty Images -
Anne Hathaway, in Armani, arrives at the 81st Academy Awards at the Kodak Theatre in Hollywood, California, on February 22, 2009. EPA -
Anne Hathaway, in Armani, attends the Giorgio Armani show during Paris Fashion Week on January 25, 2010 in Paris, France. Getty Images -
Anne Hathaway, in Marchesa, arrives at the premiere of 'Valentine's Day' in Los Angeles, California, on February 8, 2010. EPA -
Anne Hathaway, in Vivienne Westwood, arrives for the 'Alice in Wonderland' after party at The Sanderson Hotel on February 25, 2010 in London, England. Getty Images -
Anne Hathaway, in Valentino, arrives at the Met Gala at the Metropolitan Museum of Art in New York, US, on May 3, 2010. EPA -
Anne Hathaway, in Oscar de la Renta, and Jake Gyllenhaal attend the premiere of 'Love and Other Drugs' at Event Cinemas George Street on December 6, 2010 in Sydney, Australia. Getty Images -
Anne Hathaway, in Giorgio Armani, arrives for the 68th Golden Globe Awards at the Beverly Hilton Hotel in Los Angeles, California, on January 16, 2011. EPA -
Anne Hathaway, in Valentino, arrives for the 83rd annual Academy Awards at the Kodak Theatre in Hollywood, California, on February 27, 2011. EPA -
Anne Hathaway, in Gucci, arrives for the premiere of 'Rio' at Grauman's Mann Chinese Theatre in Hollywood, California, on April 10, 2011. EAPA -
Anne Hathaway, in Valentino, attends the White Fairy Tale Love Ball at Chateau de Wideville on July 6, 2011 in Crespieres, France. Getty Images -
Anne Hathaway, in Alexander McQueen, attends the premiere of 'One Day' at The Vue Westfield on August 23, 2011 in London, England. Getty Images -
Anne Hathaway, in Giambattista Valli, arrives at the Kennedy Centre Honours at the US Department of State in Washington, DC, on December 3, 2011. EPA -
Anne Hathaway, in Gucci, attends the premiere of 'The Dark Knight Rises' at Odeon Leicester Square on July 18, 2012 in London, England. Getty Images -
Anne Hathaway, in Givenchy, attends the 'Les Miserables' premiere at the Odeon Leicester Square on December 5, 2012 in London, England. Getty Images -
Anne Hathaway, in Chanel, arrives for the 70th annual Golden Globe Awards at the Beverly Hilton Hotel in Los Angeles, California, on January 13, 2013. EPA -
Anne Hathaway, in Giambattista Valli, arrives for the 19th annual Screen Actors Guild Awards at the Shrine Auditorium in Los Angeles, California, on January 27, 2013. EPA -
Anne Hathaway, in Prada, attends the 'Les Miserables' premiere at Cinema Gaumont Marignan on February 6, 2013 in Paris, France. Getty Images -
Anne Hathaway, in Chanel, attends the 'Les Miserables' photo call during the 63rd Berlinale International Film Festival at Grand Hyatt Hotel on February 9, 2013 in Berlin, Germany. Getty Images -
Anne Hathaway, in Burberry, attends the Baftas at The Royal Opera House on February 10, 2013 in London, England. Getty Images -
Anne Hathaway, in Prada, attends the 85th Academy Awards at the Dolby Theatre in Hollywood, California, on February 24, 2013. EPA -
Anne Hathaway, in Valentino, and Valentino attend the Met Gala at the Metropolitan Museum of Art in New York, US, on May 6, 2013. EPA -
Anne Hathaway, in Gucci, arrives for the 86th annual Academy Awards at the Dolby Theatre in Hollywood, California, on March 2, 2014. EPA -
Anne Hathaway, in Calvin Klein, arrives for the Met Gala at the New York Metropolitan Museum of Art in New York, US, on May 5, 2014. EPA -
Anne Hathaway, in Richard Nicoll, arrives for the premiere of 'Interstellar' at the TCL Chinese Theatre in Los Angeles, California, on October 26, 2014. EPA -
Anne Hathaway, in Wes Gordon, attends the premiere of 'Interstellar' at Odeon Leicester Square on October 29, 2014 in London, England. Getty Images -
Anne Hathaway, in Chanel, attends the 'Interstellar' premiere at UME Cinema on November 10, 2014 in Shanghai, China. Getty Images -
Anne Hathaway, in Ralph Lauren, attends the Met Gala at the New York Metropolitan Museum of Art in New York, US, on May 4, 2015. EPA -
Anne Hathaway, in Jonathan Simkhai, attends the premiere of 'The Intern' at Vue West End on September 27, 2015 in London, England. Getty Images -
Anne Hathaway, in Naeem Khan, attends the Vanity Fair After Party following the 88th annual Academy Awards in Hollywood, California, on February 28, 2016. EPA -
Anne Hathaway, in Christopher Kane, attends the premiere of 'Alice Through the Looking Glass' at the El Capitan Theatre in Hollywood, California, on May 23, 2016. EPA -
Anne Hathaway, in Valentino, attends the Met Gala at the Metropolitan Museum of Art in New York, US, on May 7, 2018. EPA -
Anne Hathaway, in Jean Paul Gaultier, arrives for the premiere of 'Ocean's 8' at Alice Tully Hall in New York, US, on June 5, 2018. EPA -
Anne Hathaway, in Givenchy, attends the Givenchy show as part of Paris Fashion Week on September 30, 2018 in Paris, France. Getty Images -
Anne Hathaway, in Valentino, arrives for the 22nd annual Hollywood Film Awards at the Beverly Hilton Hotel in Beverly Hills, California, on November 4, 2018. EPA -
Anne Hathaway, in Elie Saab, arrives for the 76th annual Golden Globe Awards at the Beverly Hilton Hotel in Beverly Hills, California, on January 6, 2019. EPA -
Anne Hathaway, in Valentino, receives a star on the Hollywood Walk of Fame in Hollywood, California, on May 9, 2019. EPA -
Anne Hathaway, in Versace, attends the 25th annual Critics’ Choice Awards in Santa Monica, California, on January 12, 2020. EPA -
Anne Hathaway, in Michael Kors, arrives for the premiere of 'The Last Thing He Wanted' at the Sundance Film Festival in Park City, Utah, on January 27, 2020. EPA
Other investors in the start-up include Bloom8, McWin Food Systems Fund, Temasek and ZX Ventures, and others who have collectively injected more than $230 million so far.
Hathaway, a UN Woman goodwill ambassador, chose to back Every after making lifestyle adjustments to reduce her consumption of meat and single-use plastics, and to embrace a zero-waste approach.
At 40, the actor has a net worth estimated at $80 million, according to Celebrity Net Worth.
The principal source of her wealth is her film career. One of the highest-paid actresses in Hollywood, she stars in projects that are often both commercially and critically successful.
Hathaway is an emerging impact investor. Her most recent sustainable investments include ZenWTR, which claims to be the world’s first vapour-distilled water brand with bottles made of 100 per cent recycled ocean-bound plastic.
In November, she backed Pact, a London-based seed venture fund that aims to spend £30 million ($35.8 million) on early stage, “mission-driven” start-ups across Europe.
Michael Jackson
The estate of the late Michael Jackson is reportedly selling half of its current interests in the singer’s music catalogue for close to $1 billion, Variety magazine reported.
Record label Sony and a possible financial partner are seeking to acquire 50 per cent of the estate’s interests in Jackson’s publishing, recorded-music revenue, the coming biopic Michael, the MJ: The Musical show and other assets.
The deal would be the biggest to date in the music catalogue market.
Among the biggest transactions so far is the $500 million sale of Bruce Springsteen’s entire catalogue, also to Sony Music.
Despite any eventual sale, creative control of the assets would remain with the Jackson estate, according to the report.
Although the singer’s estate was estimated at $500 million at the time of his death, his continued popularity has taken its value to more than $2 billion, according to Forbes magazine estimates.
Jackson’s albums are among the highest earners in history. Thriller, from 1982, is one of the two biggest sellers of all time. It has been certified 30-times platinum.
Sony has previously acquired sections of Jackson’s legacy. In 2016, it purchased the Jackson estate’s 50 per cent stake in their joint venture, Sony/ATV Music Publishing.
Two years later, the company said it had acquired the estate’s 25.1 per cent stake in EMI Music Publishing for $287.5 million, when it paid $2.3 billion for the company.
Upon his death, the King of Pop’s will stipulated that 40 per cent of his assets be divided evenly among his three children.
Another 20 per cent was set aside for various children’s charities. The remaining 40 per cent was to be used to support his mother Katherine, with any remainder of that amount also to be split among his children.
Justin Timberlake
Actor Justin Timberlake has joined a $9 million funding round into The Ugly Company, a California-based producer of upcycled dried fruit snacks, the company said.
The series A round was led by fruit grower and distributor Sun Valley Packing. It will help the company expand its production capacity to meet surging demand, while speeding up its expansion across the US.
The company turns misshapen or “ugly” fruit into dried fruit. Last year, the company rescued more than 2.17 million pounds of food waste.
“The millions of pounds of fruit that gets thrown away every day in Central CA is heart-breaking … My dad is a farmer that raised me on the seat of a tractor, but it wasn't until I returned home from the army, and was working as a truck driver, that I looked at this food waste from a new perspective,” said Ben Moore, founder and chief executive of The Ugly Company.
Timberlake's net worth is estimated to be $250 million, according to Celebrity Net Worth.
Last year, the Cry Me A River singer sold the rights to his entire back catalogue to Hipgnosis Song Management for a reported $100 million.
He rose to fame as a member of the 90s boy band NSync and went on to launch a solo music career. He has also starred in several movies, including The Social Network and Friends with Benefits.
Timberlake is also a television and film producer.
Outside entertainment, his business dealings include beverage and clothing lines, and he co-owns a string of restaurants.
As an investor, Timberlake has put money into 17 companies, including Myspace.com, TMRW Sports and 1Password. He earns more than $50 million a year, according to Celebrity Net Worth.
He and his wife, actress Jessica Biel, reportedly own homes in Hollywood, within the exclusive Yellowstone Club in Montana and in Nashville, Tennessee.
Justin Timberlake sings at Eurovision — in pictures
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Disney via Bloomberg
