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Toby Keith Hailed as "Country Music's $500 Million Man"

Image courtesy of Show Dog/Universal (via ABC News Radio)
Image courtesy of Show Dog/Universal (via ABC News Radio)

Toby Keith is really, really rich. If you need proof, just check him out smiling on the cover of Forbes ' magazine's Celebrity 100 issue with the caption "Country Music's $500 Million Man."

While most of Toby's money comes from touring, album sales and his restaurant and liquor businesses, a good chunk of it actually comes from Taylor Swift .  When Toby launched his own record label, Show Dog, in 2005, he shared backroom operations with another new label, Big Machine Records. Toby also invested $400,000 in Big Machine, the label home of then-newcomer Taylor Swift. Toby maintains a stake in Big Machine, even though his label is now run separately from that company.

As you may imagine, the revenue from Taylor's album sales has had a nice impact on Toby's bottom line.  Toby says, "I know there’s an extra comma if you added up all the money I’ve ever made.”

The Big Machine Label Group is also home to Tim McGraw , Rascal Flatts , The Band Perry , Florida Georgia Line , Brantley Gilbert and Eli Young Band .

As for Toby, his latest single, "Drinks at Work," is now available for download at iTunes.

Copyright 2013 ABC News Radio

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