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Jimmy Buffett, mogul of Margaritaville (Recent update)

Posted by on Jan. 2, 2009 at 12:47 PM
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Jimmy Buffett, mogul of Margaritaville

LAS VEGAS (AP) -- It's like the world's biggest beach party, hosted by the world's richest beach bum.

The 15,000 fans packing the sold-out MGM Grand arena were enjoying the final concert of the season by Jimmy Buffett, the singer whose popularity and fortune grow greater even as his hair grows grayer.

Buffett, who turned 62 on Christmas Day, long ago became an icon of certain baby boomers — perhaps the least-hip demographic in the country — by offering the dream of throwing off their responsibilities for his tropical party vibe.

But in the past decade, this chronicler of Margaritaville has really cashed in on his image.

How big is Buffett?

With an estimated annual income of more than $40 million, you might mistake his portfolio for that of Warren Buffett (not a relative). And he's done it by sailing beyond most musicians' ticket, T-shirt and poster revenue stream.

The title of his most popular song is showing up on restaurants, clothing, booze and casinos. Among the products he's involved with are Landshark Lager, the Margaritaville and Cheeseburger in Paradise restaurant chains, clothing and footwear, household items and drink blenders. The Margaritaville cafe on the Las Vegas strip is said to be the top grossing restaurant in the nation.

Buffett writes best-selling novels. There's Radio Margaritaville on Sirius. Even his recording career is booming as the music industry tanks: His recent album, "License to Chill," was the first No. 1 album of his career.

In October, Buffett was chosen by Vanity Fair as No. 97 on a list of the 100 most influential people. In the world. He's nestled between Universal Music Group CEO Doug Morris and anti-poverty crusader Jeffrey Sachs.

But the exact scope of the Parrot Head empire is secret. Buffett's privately held Margaritaville Holdings LLC does not publicly disclose its finances, and his publicists declined numerous requests for interviews with the singer or anyone connected with Miami-based Margaritaville Holdings.

"He wants to be known as an artist and musician, but he's an extremely savvy businessman," said Brian Hiatt, an associate editor for Rolling Stone who covers the concert industry.

Buffett is somewhat unique among aging crooners in that his fan base is broad, and is not tied solely to a string of past hit songs. For most of his career, Buffett had only one Billboard Top 10 hit, "Margaritaville," in 1977.

What he offers his fans is an accessible fantasy.

To read more from this blog, past following url into browser and you'll be there - enjoy!!

http://music.msn.com/music/article.aspx?news=345516&affid=100055&ocid=MSNToolbar130&silentchk=1&

Who doesn't love a little Jimmy Buffett from time to time??

by on Jan. 2, 2009 at 12:47 PM
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shannipoo714
by Member on Jan. 11, 2009 at 3:55 AM

I love Buffett


Mike, Shannon, Cooper, Kiely, Gabe, and Amelia




 




 

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