Celebrities Who Have Lost Millions During COVID-19

Millions of Americans have lost work and income due to the coronavirus pandemic — and this includes celebrities. Although many stars are wealthy enough to ride out the economic effects of the pandemic, several have lost millions due to business losses, postponed concert tours and canceled projects. One indicator of the scope of these losses is that the total earnings of the stars included on the Forbes 2020 Celebrity 100 list was $200 million less than total earnings from 2019.

See which actors, musicians and entertainers have suffered major financial losses as a result of the current health crisis.

Luke Bryan

Pre-pandemic, country star Luke Bryan was grossing more than $1 million per city while touring, Forbes reported. He had to postpone his planned “Proud To Be Right Here Tour” due to the coronavirus outbreak.

David Copperfield

The world’s richest magician, David Copperfield, earned $46 million in 2020 thanks in large part to his show at the MGM Grand in Las Vegas, Forbes reported. His show was shut down in mid-March when Vegas went under lockdown.

Robert De Niro

The pandemic has hit Robert De Niro hard — both as an actor and as a businessman, according to his lawyer Caroline Krauss, USA Today reported. De Niro has financial stakes in the chain restaurant Nobu and the Greenwich Hotel, both of which have been suffering because they were forced to close for months due to pandemic lockdowns. In addition, he was due to shoot a movie this summer that was delayed due to the pandemic.

Post Malone

Post Malone was grossing over $1.3 million per city on his latest tour, but he was forced to end it early in mid-March due to the pandemic, Forbes reported.

Marshmello

Masked DJ-producer Marshmello racked up $56 million in 2020, mainly by playing music festivals around the world, Forbes reported. Now that festivals are canceled, he’s losing out on his main income source.

Paul McCartney

The Beatles co-founder Paul McCartney grossed over $100 million from live performances in 2019, Forbes reported. He’ll be missing out on millions this year as the European leg of his “Freshen Up Tour” — planned for the summer of 2020 — was canceled due to the coronavirus.

The Rolling Stones

In 2019, The Rolling Stones grossed $178 million from just 16 shows, Forbes reported. Due to the pandemic, the Mick Jagger-fronted rock band had to cancel its “No Filter 2020 Tour,” set to run in North American stadiums from May to July.

Taylor Swift

Taylor Swift is one of the wealthiest self-made women with a net worth of $365 million, according to Forbes. But that net worth would have undoubtedly been higher had she not had to cancel her 2020 tour dates due to the pandemic; some, but not all, dates have been rescheduled for 2021.

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About the Author

Gabrielle Olya

Gabrielle joined GOBankingRates in 2017 and brings with her a decade of experience in the journalism industry. Before joining the team, she was a staff writer-reporter for People Magazine and People.com. Her work has also appeared on E! Online, Us Weekly, Patch, Sweety High and Discover Los Angeles, and she has been featured on “Good Morning America” as a celebrity news expert. 

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