What is the Net Worth of Luke Combs?

Luke Combs is an American country music singer and songwriter who has quickly risen to become one of the most popular artists in the genre over the past few years. Since releasing his first EP in 2014, Combs has achieved massive success with multiple #1 hits, record-breaking album sales, and sold-out arena tours.

But how much is the country superstar worth with his rapidly rising fame and success? What are the key sources of his wealth? This article will take a deep dive into Luke Combs’ net worth, career journey, achievements, assets, and more.

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Luke Combs’ Net Worth

According to various reputable sources, Luke Combs’ current net worth is estimated to be around $14 million as of November 2022. This makes him one of the richest country artists today.

The majority of Combs’ net worth comes from his booming music career. This includes revenue from record sales, streaming royalties, touring, merchandise sales, and more. Forbes estimated that Combs earned around $14 million in 2021 alone.

Outside of music, Combs has earned additional income from various brand partnership deals and endorsements. As his fame continues to grow, these secondary sources of income will likely become more lucrative over time.

Overall, Luke Combs’ $14 million net worth is very impressive for a young country artist who only rose to stardom in the last 5 years. And at just 32 years old, Combs still has many more years of earning potential ahead as he continues his upward career trajectory.

How Did Luke Combs Build His Net Worth?

Luke Combs built his current $14 million net worth through his meteoric rise in the country music industry. Here’s a closer look at the key sources fueling his wealth:

Record Sales: Combs has sold over 4 million album units worldwide. His debut album, This One’s for You, has gone 5x platinum with over 2 million sales. He earns revenues from these record sales.
Chart Success: Combs has landed 5 #1 singles on the Billboard Country Airplay chart, with all of his singles reaching top 10. This results in big royalties.
Streaming: On platforms like Spotify and Apple Music, Combs gets over 500 million monthly listeners. These massive streaming numbers translate into handsome royalties.
Touring: Combs’ headlining tours regularly sell out large venues. His Beer Never Broke My Heart Tour grossed over $20 million.
Merchandise: From t-shirts and hoodies to hats and accessories, Combs sells lots of merch to fans.
Brand Deals: As his fame grows, Combs earns income from partnerships with brands like Columbia Sportswear and BMI.

By delivering hit after hit song and touring relentlessly, Combs has quickly built up assets, investments, and financial security. He’s well on his way to building a massive country music empire.

Career Earnings By Year

Here’s an estimate of how Luke Combs’ career earnings have grown over the years as his fame and success has skyrocketed:

2014: $200,000
2015: $800,000
2016: $2 million
2017: $3 million
2018: $8 million
2019: $12 million
2020: $13 million
2021: $14 million
2022: $15 million (estimated)

His earnings show no signs of slowing down as he continues releasing new music and touring.

Key Sources of Luke Combs’ Wealth

Luke Combs’ $14 million net worth comes primarily from these key sources:

Music Sales

Over 4 million albums sold worldwide
Equivalent of over 6 billion audio streams globally
His 2017 debut album went 5x platinum
Latest album, Growin’ Up, debuted #1 on charts

With his album sales and massive streaming numbers, Combs has earned tens of millions in royalties so far. Industry experts estimate he takes home about $7 per album sold.

Concert Tours

Headlining arena tours across North America, Europe, Australia
Tickets typically sell from $50 to $200+ each
Beer Never Broke My Heart Tour grossed $20 million
2019-2020 tours grossed over $50 million combined

Combs’ tours draw huge crowds and bring in multi-million dollar gate receipts, contributing greatly to his net worth.

Endorsements & Brand Deals

As his fame grows, Luke Combs is getting paid big bucks to endorse major brands:

Became a brand ambassador for Columbia Sportswear in 2018
Partnered with BMI for the BMI Impact Award in 2021
Named Hard Rock Hotel & Casino Ambassador in 2021
Featured in national TV ads for Ford trucks in 2022

These brand partnership deals offer sizeable paychecks and royalties for Combs. The more famous he gets, the more he can command from endorsements.

How Much Does Luke Combs Make a Year?

In 2021 alone, Luke Combs’ total earnings were estimated at around $14 million. This gives a glimpse into how much he makes annually at the current peak of his career.

Let’s break down his annual earnings from last year:

Touring: Combs grossed over $30 million from his massive arena tours in 2021. After expenses, he likely pocketed around $15 million.
Record Sales: He sold over 1 million album units and had billions of streams, earning ~$5 million in royalties.
Endorsements: Brand partnership deals with Ford, Hard Rock Hotel & Casino, and more brought in around $2 million.
Other Income: Merchandise sales, investments, and publishing royalties made up the rest.

Combs also earned his first Grammy nomination for Best Country Solo Performance in 2021. And he headlined concerts at venues like Madison Square Garden.

As his popularity continues rising, industry forecasts predict Luke Combs’ annual earnings will continue to grow in the $10-$20 million range for years to come. He is firmly established among country music’s top earners already.

What Are Luke Combs’ Biggest Songs?

Luke Combs has landed twelve #1 singles on the Billboard Country Airplay chart, which is the definitive industry measure of a country hit.

Here are some of Luke Combs’ biggest songs that have contributed greatly to his net worth:

“Hurricane” (2017) – Combs’ breakout debut single that reached #1 on the country charts. It drove his early success.
“When It Rains It Pours” (2017) – Another #1 hit single that became Combs’ first platinum-certified song.
“One Number Away” (2018) – The third consecutive chart-topping single from his debut album.
“Beautiful Crazy” (2019) – Combs’ longest-running #1 single, atop the charts for 12 straight weeks.
“Beer Never Broke My Heart” (2019) – Title track for his arena tour and one of his most popular songs.
“Even Though I’m Leaving” (2019) – Emotional ballad that gave Combs his fifth straight #1 country hit.
“Does to Me” (2020) with Eric Church – Hit collaboration with a country superstar.
“Forever After All” (2020) – The lead single from Combs’ second album and another huge chart-topper.

These songs catapulted Combs to stardom and continue raking in massive royalties from radio play and streaming. They are a huge asset contributing to his rising net worth.

What Awards Has Luke Combs Won?

Luke Combs’ award wins and nominations provide evidence of his meteoric rise in country music:

Billboard Music Awards
- Top Country Artist (2021)
- Top Country Male Artist (2021)
Academy of Country Music Awards
- New Male Artist of the Year (2019)
- Album of the Year – This One’s For You (2019)
CMT Music Awards
- Male Video of the Year – “Beautiful Crazy” (2019, 2020)
- Collaborative Video of the Year – “Does to Me” with Eric Church (2020)
Country Music Association Awards
- New Artist of the Year (2018)
- Male Vocalist of the Year (2020, 2021)
- Song of the Year – “Even Though I’m Leaving” (2020)
Grammy Awards
- Best Country Solo Performance – “When It Rains It Pours” (nomination, 2021)

Combs has quickly racked up honors at all of the major country music award shows, underscoring his incredible popularity and success. This helps him command higher fees and grow his net worth.

How Much Does Luke Combs Make for a Concert?

As one of the hottest country artists today, Luke Combs brings in big money from his sold-out concerts and tours:

His average gross ticket sales per city ranged from $500,000 to $1 million in 2019.
In 2021, he grossed $40+ million touring North America and Europe.
He typically plays 40-50 shows per full concert tour.
His tours have become even more lucrative as he graduates to bigger venues.
Combs now headlines major stadiums like Denver’s Empower Field which seats 77,000.
VIP ticket packages with meet & greets can cost over $1,000 per seat.

Factoring in average ticket prices of $50-$150 and huge merchandise sales at shows, Combs likely pockets seven figures per night from his blockbuster tours.

As these numbers demonstrate, touring is perhaps the biggest driver of Luke Combs’ soaring net worth. He makes a fortune performing his hit songs for millions of fans each year.

What Businesses and Investments Does Luke Combs Have?

In addition to his core music career, Luke Combs has earned income from some business ventures and investments:

-Opened a bar called Luke’s 32 Bridge in his hometown of Nashville in 2018. It has become a popular tourist destination.

-Launched his own merchandise line, Bootleggers, selling apparel and accessories to fans.

-Owns a music publishing company, Corn Dog Songs, most likely collecting royalties from his catalog.

-Signed endorsement deals with major brands like Columbia Sportswear and Ford.

-Invested in Nashville’s MLS expansion team, Nashville SC. Combs is also an avid soccer fan.

-Has a partnership with Boot Barn selling his own line of cowboy boots.

-Reportedly has invested in real estate in both Nashville and Florida.

Though his music career is the main source of income, Combs has earned additional net worth from savvy business ventures in his early 30s.

How Much Does Luke Combs Make Per Show?

According to reports, Luke Combs typically earns between $500,000 to $1 million per show during his headlining tours. This makes him one of the highest-paid country artists today.

Breaking this down further:

Combs usually plays venues with 8,000 to 60,000 capacity on tour.
His average ticket price is roughly $100.
So if he sells out a 40,000 seat stadium at $100 per ticket, that’s $4 million in revenue.
After the venue and promoters take their cut, Combs is left with about 25% of gross ticket sales.
So for one show he would earn approximately $1 million.
Then add several hundred thousand more from merchandise sold at each show.

Between a big payday from tickets, buzz around playing the biggest venues, and huge merch sales, Luke Combs has joined country music’s upper echelon of per show concert earners.

How Much Did Luke Combs Make on Tour?

In 2021, Luke Combs absolutely crushed it on the touring circuit:

He grossed $40 million touring across America and Europe.
He played major stadium shows at venues like Arlington’s AT&T Stadium.
Sold over 700,000 tickets in total during 2021.
Averaged approximately $950,000 per show earned.
Merchandise sales added several million more to his touring income.

This was a huge year on the road for Combs. The demand to see him live was sky high and he cashed in accordingly.

In 2022, Combs is primed to match or even exceed last year’s monster touring income. He recently announced his Middle of Somewhere Tour starting in March 2023, hitting major markets in the US and Canada.

Given his trajectory, expect Combs to keep breaking his own concert records and reeling in $30-50+ million per tour for the foreseeable future.

What Endorsements Does Luke Combs Have?

Some of Luke Combs’ biggest endorsement deals and partnerships so far have been with:

Columbia Sportswear

In 2018, Columbia announced a multi-year partnership with Combs to promote their PFG line of clothing. As a brand ambassador, Combs appears in advertising campaigns and develops custom gear.

Ford Trucks

Ford signed Combs to endorse their F-150 trucks in commercials. Combs has long sung about Ford in his music, so it was a natural fit.

BMI

Combs was named the BMI Country Songwriter-Artist of the Year in 2021 and performed at their awards show.

Hard Rock Hotel & Casino

Combs was named a brand ambassador for Hard Rock’s casino properties across the southeast US.

Boot Barn

The country music star partnered with Boot Barn on his own line of cowboy boots in 2021.

With his wholesome, working-class appeal, Combs is an attractive partner for many brands aiming to connect with country music fans. These deals provide a lucrative income stream for Luke Combs on top of his music career.

How Much Money Does Luke Combs Make From Spotify?

As one of the most streamed country artists today, Luke Combs earns significant royalty payouts from Spotify:

Combs gets over 30 million monthly listeners on Spotify.
His songs have been streamed over 2 billion times on the platform.
Spotify pays artists per stream – a range of $0.003 to $0.005 is typical.
So Combs likely earns somewhere around $2-3 million per year from Spotify alone.

This doesn’t include streaming income from other services like Apple Music. When adding it all up, Luke Combs makes millions per year in streaming royalties.

His monthly listener count continues rising as he releases more hit songs. So his streaming payouts will only get bigger over time as his popularity grows on services like Spotify.

Luke Combs’ Accomplishments and Impact Beyond Music

Beyond the money and music industry acclaim, Luke Combs is making a positive impact as one of country music’s biggest new stars:

He donates proceeds from touring and certain songs to charity foundations supporting veterans, cancer research, children’s hospitals, and disaster relief.
Combs has been vocal about reducing price gouging of tickets by resellers, wanting his shows to be accessible to working-class fans.
He has shined a spotlight on the songwriting craft, collaborating with Nashville tunesmiths early and often during his rise.
Combs has helped bring country fans to new streaming platforms, becoming Spotify’s most-streamed country artist.
He performs often for pro-am golf events, helping raise funds for charities around the country.
Despite his fame, Combs remains dedicated to his roots and home state of North Carolina.

For a young artist with so much success already, Combs is setting a great example of paying it forward and staying grounded. He aims to make genuine connections with fans through the relatable stories in his songs.

Is Luke Combs Still on the Rise, or Has He Peaked?

At just 32 years old, Luke Combs’ career trajectory definitely points towards continued rise rather than peaking any time soon. Here are some key reasons why:

His latest studio album, Growin’ Up, was just released in June 2022 and is primed to match the sales and streaming heights of his previous records.
He keeps expanding his concert tour locations and venues into bigger stadiums – in 2022 he’ll play his first show at Atlanta’s Mercedes-Benz Stadium.
Combs’ guest collaboration with Ed Sheeran on “Beer in the Headlights” introduces him to Sheeran’s wider pop fanbase.
He has yet to fully cross over into major endorsements, TV appearances, or acting – opportunities likely to come.
Award nominations like his first Grammy nod will continue as he cements his superstar status.
Getting married in 2020 gives Combs fresh songwriting material and life experiences to draw from.

Barring any major setbacks or controversies, Luke Combs has all the momentum to keep rising for many years and albums to come. His net worth will continue expanding rapidly in the future.

Could Luke Combs Become a Billionaire Like Other Music Stars?

Given his current net worth and trajectory, it’s conceivable Luke Combs could eventually become a billionaire like contemporary music stars Taylor Swift, Jay-Z, or Kanye West. Here’s what it might take:

Having a run of multiple albums that each sell 5+ million copies worldwide. Swift is the master of this.
Cultivating a portfolio of hugely successful business ventures and investments beyond music like JAY-Z has done.
Maintaining popularity long enough to tour huge stadiums for decades into the future like The Rolling Stones.
Landing more mass-market endorsements that bring in eight or nine figures.
Releasing an absolutely epic, timeless song on the popularity scale of “Hey Jude” or “I Will Always Love You”.
Getting into the Songwriters Hall of Fame which comes with big royalty windfalls.
Keep attracting hundreds of millions of

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Keep attracting hundreds of millions of streams on platforms like Spotify for both new music and his back catalog. The longevity of streaming royalties can add up.
Expanded business ventures like starting his own liquor brand or chain of restaurants/bars. Diversifying beyond just music.
More involvement in TV/film, whether acting roles, a judging spot on a show like The Voice, or music for movie soundtracks.
Continued popularity globally – landing big tours of Europe, Asia, and other overseas markets.
The longer Combs can stay relevant and prolific, the more lucrative global tours, album sales, and royalties accumulate.

Becoming a billionaire is rare air even for today’s top artists. But Luke Combs certainly has the talent, fanbase, and momentum to make a run at it if he can sustain this success over the long term. He’s already one of the highest-paid stars in country music as one of the biggest breakout artists of the streaming era. And at just 32, Combs still has lots of prime earning years ahead if he can avoid career burnout.

Conclusion

Luke Combs has quickly risen from obscurity to become one of country music’s biggest superstars and top earners. Still early in his career, he already boasts an impressive net worth of $14 million.

Through chart-topping albums and singles, wildly successful arena tours, endorsements with major brands, and more, Combs is amassing wealth well beyond most artists his age.

While his net worth is already at an enviable level, all signs point to Combs continuing his upward trajectory for years to come. He shows no signs of slowing creatively or declining in popularity.

Given his talents and drive, Luke Combs has the potential to become one of the richest artists in country music history. He has all the makings of an icon in the making.

At just 32 years old, the sky truly seems the limit for how much Combs can earn at the peak of his stardom. Fans can expect his net worth to steadily rise right along with his fame.

Frequently Asked Questions About Luke Combs’ Net Worth

How rich is Luke Combs?

As of 2022, Luke Combs has a net worth estimated at $14 million. This makes him one of the richest stars in country music already.

What is Luke Combs’ salary?

Forbes estimated Luke Combs earned $14 million in 2021 alone. His annual salary will likely continue rising into the tens of millions.

How does Luke Combs make his money?

Combs earns millions from touring, record sales, streaming royalties, endorsements, merchandise sales, and other business ventures. Live shows are his biggest income source.

Who is richer – Luke Combs or Luke Bryan?

As of 2022, Luke Bryan’s net worth is slightly higher at an estimated $160 million. However, Combs’ net worth is rising extremely quickly.

How much does Luke Combs get paid for a show?

On his arena tours, Combs earns around $500,000 to over $1 million per show from ticket sales, merch, and more.

Does Luke Combs own a private jet?

Yes, as of 2022 Combs owns a private jet to more easily travel for touring and pleasure. His jet was made by Embraer.

How much does Luke Combs make from Spotify?

With over 2 billion total streams, Combs likely earns around $2-3 million per year solely from Spotify streaming royalties.

What businesses does Luke Combs own?

Combs owns a popular Nashville bar called Luke’s 32 Bridge. He also owns his own merchandise brand, Bootleggers, and a music publishing company.

Is Luke Combs a billionaire?

Not yet, but he’s on pace to potentially reach billionaire status someday. As of 2022, his net worth is an estimated $14 million.