As much a part of Christmas tradition as candy, sleigh rides, and holiday decorations, Mariah Carey’s ‘All I Want for Christmas’ is now considered a classic holiday song.
It was first released in 1994 and seems to be gaining more popularity each year.
It’s no surprise, then, that Mariah Carey earns a remarkable amount of money every year through royalties.
According to the Economist, ‘All I Want for Christmas is You’ earns about $2.5 million a year, although the New York Post reported that the amount could reach as high as 3 million dollars.
The singer also receives thousands of dollars each year from streaming services such as Spotify while the Christmas song has been at the top of the playlists since November.
According to MRC Data, Carey earns at least 1 cent every time the song is played. The pop star is expected to earn even more this year as streaming continues to increase royalty rates and add passive income to artists’ salaries.
In total, Carey has collected over $60 million over the years from streaming alone, which doesn’t even include additional cash through album sales, downloads, licensing and other types of royalties.
It’s a cultural phenomenon, as the track has inspired a children’s book, an animated film, a new Amazon Music documentary, and lucrative brand deals.