Elton John net worth
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What is Elton John’s net worth?
Elton John is a very popular and successful British singer, composer, pianist and songwriter. At the time of writing, Elton John’s net worth is $500 million. Elton John is one of the most commercially successful artists of all time. To date, he has sold more than 300 million albums worldwide. This is enough to make him the fifth best-selling music artist in modern history after Madonna, Michael Jackson, Elvis and the Beatles. He is often one of the highest paid celebrities in the world. In a year of touring, Elton can easily earn more than 80 million U.S. dollars from his various efforts.
early life
Elton John was born Reginald Dwight on March 25, 1947 in Middlesex, England. He started playing the piano on his grandmother’s piano at the age of three. He started formal classes at the age of seven and received a scholarship from the Royal Academy of Music in London at the age of eleven. His father was a soldier, and tried to lead him into a more traditional banking career, but failed. His parents divorced when he was 14 years old. His mother subsequently married local painter Fred Farebrother, who proved to be a stepfather who cared for and supported him. Elton, his mother and stepfather moved into an apartment, and a few years later, even if he owns four top 40 albums in the United States, he will continue to live there. His stepfather helped a 15-year-old Reginald perform on the piano at a local piano weekend.
In 1966, he and his friends formed the Bluesology band. At about the same time, he took the name Elton John. The name is a tribute to the blues legends Elton Dean and Ron John Baudley.
Around this time, Elton met the songwriter Bernie Taupin. They will continue to cooperate in the release of more than 30 albums, with sales of more than 300 million copies.
go toward success
Elton John released his first albums Empty Sky and Elton John in 1969 and 1970, respectively. From 1972 to 1975, he topped the charts for seven consecutive albums. In 1973, he founded his own record company, The Rocket Record Company, and released Neil Sedaka’s album. Interestingly, he chose not to release his own music under his own brand, but instead signed a $8 million agreement with MCA. After adjusting for inflation, this is the same as approximately $40 million.
Elton released a successful album in the 1980s, and in 1992, he and Tao Ping signed a 12-year contract with Warner Bros. Records for $39 million. This was the largest cash advance in the history of music at the time. In 1994, he composed the music for the Disney animated film “The Lion King”, which won the Grammy Award for Best Song. In 1999, he was awarded the “Diamond” certification with 15 million copies sold. In 1997, in response to the death of Princess Diana of Wales, John reissued his 1973 classic “Candle in the Wind”. This 1997 version became the best-selling single in record history and won John his only Grammy Award for Best Male Pop Music Artist. John continued to tour, compose for the stage, and release best-selling albums.
personal life
He married Renata Blauel, a German recording engineer, from 1984 to 1988. He eventually came out and has been in a relationship with film producer David Furnish since 1993, and the two established a civil partnership in 2005.
The highest paid celebrities
Elton has always been one of the highest paid entertainers on the planet. Between June 2017 and June 2018, Elton John made $45 million. From 2011 to 2018, Elton held a residency program called The Million Dollar Piano in Las Vegas. He negotiated an agreement that he would get 88% of the ticket revenue for each show. This means that Elton’s revenue per performance is approximately $500,000.
(Photo by Kevin Winter/Getty Images)
Elton John Net Worth Milestone
Elton’s net worth was “only” US$100 million in 2000. At this time in his life, he was known for his profligacy. He later admitted to spending US$2 million per month in the late 1990s, for a total of approximately US$40 million during this period. For example, in just six months in 1996, he spent more than 12 million dollars on houses and half a million dollars on flowers. He acquired a museum-class car collection. In June 2001, he sold 20 cars he had never driven. His sales include 1993 Jaguar, Ferrari, Bentley and Rolls Royce worth $300,000.
By 2009, when we first added Elton John to Celebrity Net Worth, his personal wealth was US$265 million. By 2011, it exceeded 240 million U.S. dollars. We increased his net worth to 300 million U.S. dollars in 2013. By 2020, the value of his assets has grown to a full 500 million U.S. dollars.
Art collection
Elton is known as one of the most savvy celebrity art collectors on the planet. In the right market, his art collection alone could easily be worth $200 million. His collection includes works by Mapplethorpe, Warhol, Basquiat, Haring, Damien Hirst, etc. In 2004, Elton sold 70 photos in his collection for US$900,000. His photography collection is one of the largest on earth.
real estate
Elton’s main residence for many years was a large manor named Woodside in Old Windsor, Berkshire, England. Woodside is a 37-acre estate whose history can be traced back to the 1750s. Elton bought the property in 1974 for 400,000 pounds. After inflation and currency changes, it is about the same as today’s approximately 5 million U.S. dollars. As we mentioned before, before that, he still mainly lived in their small apartment with his mother and stepfather. In 1988, he sold the entire contents of the house at an auction for 8 million U.S. dollars. He then proceeded to renovate and renovate the entire property.
Elton also owns homes in Atlanta, Los Angeles, Nice, London and Venice.
He bought his Beverly Hills estate in October 2015 for 33 million U.S. dollars. The residence covers nearly 20 acres and was customized in 2001 for the former owner and Guess co-founder Armand Marciano. It was listed at a price of $63 million (before Elton). The main house has an area of 25,000 square feet and is equipped with an underground garage that can park 11 cars, a screening room, a wine cellar, a gym and so on.
He owns a house in a nearby area, which he bought in 2012 for US$7.2 million. In September 2021, Elton purchased the half-acre property next door for $8.5 million.
His property in Atlanta is a 12,000 square foot duplex penthouse.
