09.21 pm, Wednesday February 10 2010

AC/DC tops Kylie, Wiggles in rich list

17:30 AEST Wed Nov 4 2009
By Katherine Field
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Hard rock band AC/DC have knocked The Wiggles off the top of Australia's entertainment rich list in spectacular style - thanks to earnings of $105 million in the last financial year.

The iconic Australian rock group are number one on the 2009 BRW Top Entertainers List, amassing the largest fortune recorded in the annual list's 16-year history, due to their hugely successful album Black Ice and subsequent tour.

Pop Princess Kylie Minogue is a distant second, with $47 million, while children's entertainers The Wiggles, who have held the top spot for the last four years, have slipped to third place, with $45 million - the same amount they earned the year before.

BRW's Jane Lindhe said it was extraordinary result for AC/DC, who earned about $12 million the previous year.

"In tough economic times people really like a release and they're willing to pay to go and see the big artists like AC/DC or Kylie Minogue," Lindhe told AAP.

Lindhe said The Wiggles had suffered in the US economic climate.

"They've grown, they've opened new theme parks, but what has held them back has been the US dollar," she said.

There are more music promoters on the list than ever before, with Pink promoter Michael Coppel leading the charge, in 18th place after raking in $6 million.

Country superstar Keith Urban is fifth at $20 million, while wife Nicole Kidman is ninth with $11 million.

Russell Crowe is fourth with $25 million.

Controversial shock jocks Kyle Sandilands and Jackie O also make the list, at 33rd, with $2.8 million - thanks in part to Sandilands' Australian Idol TV contract, which he's now lost.

Their Austereo colleagues Hamish Blake and Andy Lee are in 49th spot with $1.9 million.

Geoffrey Rush scraped in at 50th with $1.6 million.

Fourteen stars fell off the list including actors Rose Byrne, Melissa George and Alan Dale, as well as rock group Silverchair and celebrity chef Donna Hay.

This year's total wealth was $469.8 million compared to last year's figure of $358.8 million.

Lindhe said it was a top result considering the crisis.

"AC/DC bought some money to the table, but generally you wouldn't pick that we've been having an economic crisis by looking at that list," Lindhe said.

The full list will be revealed in Thursday's BRW.

 
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