Jimmy Buffett is cashing in on Margaritaville - Music- msnbc.comLAS VEGAS - 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.