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Elton fronts director’s pay
Posted by editor

Saturday 2
September 2000 @ 4:33

Elton John remains the top-paid director of a showbusiness company – by a long way – according to UK trade union journal Labour Research, published September 1, 2000.

Sir Elton earned £25 million, through his companies Happenstance and J. Bondi, the research showed. Next in line was theatre impresario Sir Cameron Mackintosh, on £7.3 million. Third was guitarist Eric Clapton, with £6.3 million. Fourth to seventh places were dominated by The Spice Girls (they each have their own companies and are directors), and each earned £6.1 million. Ex-Spice Girl Geri Halliwell, of Geri Productions, was eighth, pocketing £5.9 million.

A gap formed behind the Girls, with Phil Collins, of Philip Collins, ninth on £4.6 million, and Roger Forrester 10th with £2.9 million. Press reports of the accounts did not detail what the accounting periods were, although implied they were annual accounts for year ending 1999. However, Elton’s accounts were specified as being for 18 months, and Geri Halliwell’s were for 13 months. Even so, a 12-month crude estimate for Elton would put him well in front on £16.6 million, more than double his next peer.

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