Vasco Rossi is in charge, Fedez is on top, Ultimo is the culprit (thanks also to Giuli and Meloni): here is the ranking of who earns the most with music in Italy

Vasco Rossi remains the top earner in Italy’s music industry for 2025, according to financial reports filed with local chambers of commerce and analyzed by Open. His company, Giamaica, recorded revenue of over 12.8 million euros, driven largely by his “Vasco 2025” tour, which drew 610,000 spectators across 12 fully booked stadium dates. Despite this success, his net profit dropped slightly from more than 2.3 million euros in 2024 to just under 1.9 million euros in 2025. The company, led by long-time manager Daniela Fregni and the singer's wife, Laura Schmidt, holds a net worth exceeding 23 million euros, much of which is ready for distribution to shareholders. Behind the scenes, Giamaica controls four real estate companies based in Los Angeles and Miami, though these ventures operated at a loss during the year, contributing nothing to the company’s profits. The firm’s assets include direct holdings in land and buildings valued at nearly 11.9 million euros, participations in controlled enterprises totaling almost 9.2 million euros, and investments in financial instruments amounting to around 6.5 million euros. These figures underscore the strength of Vasco Rossi’s business empire despite the challenges faced by its international subsidiaries. Fedez follows closely behind, with his three companies, Zedef, Doom, and Autoscontri, collectively generating revenue of approximately 11.8 million euros. The group, managed by Fedez’s parents, Annamaria Berinzaghi and Franco Lucia, reported net earnings of 2.5 million euros. However, the financial landscape has shifted significantly for Fedez’s operations. The holding company, Zedef, saw a notable reduction in financial assets, dropping from 11.955 million euros to 7.906 million euros over the past year. Additionally, a mortgage loan secured with Banca Sella, valued at 1.858 million euros, remains outstanding until May 23, 2039. This debt reflects the ongoing restructuring efforts within Fedez’s business model, including the consolidation of several entities into fewer operational units. Ultimo, meanwhile, achieved a remarkable performance in 2025, recording revenue of 10.149 million euros, the best result of his career. This success was partly attributed to strategic cost management and support from political allies such as Giuli and Meloni, who helped secure favorable conditions for hiring and other operational expenses. Ultimo’s company, Ultimo Entertainment SRL, owns 90% of the shares, with the remaining 10% held jointly by his brothers Lorenzo and Valerio. The latter manages the company’s finances, ensuring efficient allocation of resources and maintaining profitability. While Ultimo’s absolute earnings were lower than Vasco Rossi’s, he outperformed both in terms of profit margin, indicating a more effective financial strategy. The rankings highlight a shift in the Italian music industry, where traditional dominance is being challenged by newer artists adopting different approaches to business management and resource optimization. The data reveals how factors such as touring frequency, cost control, and external support play crucial roles in determining financial outcomes. As the new year begins, attention will likely turn to how these artists adapt their strategies in light of evolving market dynamics and economic pressures.