“There’s actually less money in the music business today that back in the 70’s.”
In 2021 dollars Carpenter’s net worth (1981) was between 15 and 30 million. Taylor Swift’s net worth in 2021 was over 400 million.
There’s plenty of money in music these days - and it leads to other fields and more money.
Richard Carpenter’s current net worth is listed as $14-18M. To me that seems shockingly low.
Taylor Swift is the biggest pop star in the world and has been for about a decade. Before that, she was the biggest country star in the world. Taylor Swift sells out NFL stadiums and often, multiple nights at NFL stadiums.