Bands that can headline and sellout 2k caps and above can live off their income comfortably, think August Burns Red, Fit for a King, TDWP, etc. This article provides an overview of the key points and pitfalls to look out for in management contracts.This excludes payments from a label for losses from touring. It's almost more important than putting out new records and fresh music. Universal Music Group CEO and chairman Sir Lucian Grainge has a good shot at topping any musicindustry power list in 2019. Why is Taylor Swift so rich? Swift was born into at least some generational wealth thanks to her parents' success in the financial sector.