Elton John is a British singer, composer, pianist, and songwriter who is immensely popular and successful around the world. Elton John has a net worth of $500 million as of the time of this writing. Elton John is one of the most commercially successful performers of all time, having sold over 100 million records worldwide.
To date, he has sold more than 300 million albums in over 100 countries throughout the world. After Madonna, Michael Jackson, Elvis Presley, and The Beatles, he has earned enough money to rank as the fifth most successful musical artist in contemporary history. He is routinely ranked among the highest-paid celebrities in the world, according to Forbes. Over the course of a touring year, Elton can easily earn in excess of $80 million from his different activities.
Elton John was given the name Reginald Dwight on March 25, 1947, in the English county of Middlesex. He began playing the piano at the age of three, on a piano that belonged to his grandmother. He began formal studies at the age of seven and was awarded a scholarship to the Royal Academy of Music in London when he was eleven.
His father, a retired military officer, attempted but failed, to persuade him to pursue a more traditional profession in finance. His parents separated when he was 14 years old. His mother soon married Fred Farebrother, a local painter who turned out to be a loving and supporting stepfather to him and his siblings.
Elton, his mother, and stepfather moved into an apartment where he would remain for years to come, even during a period when he had four albums in the Top 40 of the United States album chart at the time. Reginald’s stepfather assisted him in obtaining a weekend piano engagement at a neighborhood piano when he was 15 years old.
In 1966, he and his pals created the band Bluesology, which is still active today. It was during this time that he decided to go by the stage name Elton John. In honor of blues icons Elton Dean and Long John Baldry, the band was named Elton Dean & Long John Baldry.
Elton was introduced to lyricist Bernie Taupin about this time. Over the course of their careers, they would collaborate on more than 30 albums, which would sell more than 300 million copies worldwide.
Rise to Success
Empty Sky and Elton John, Elton John’s first two studio albums, were released in 1969 and 1970, respectively, marking the beginning of his career. Between 1972 and 1975, he had seven consecutive albums that reached the top of the charts.
His own record company, The Rocket Record Company, was founded in 1973, and it was responsible for the release of Neil Sedaka’s albums. He made the unusual decision to forego releasing his own songs through his own label and instead inked an $8 million agreement with MCA Records. This is equivalent to almost $40 million after accounting for inflation.
With successful albums published throughout the 1980s, Elton and Taupin signed a twelve-year contract with Warner Bros. Records worth $39 million, which was valued at $39 million. It was the largest monetary advance in the history of music up to that point in its development.
Upon completion of the Disney animated film The Lion King in 1994, he received a Grammy Award for Best Song and was awarded the designation of “diamond” in 1999 for selling fifteen million copies of the soundtrack. When Princess Diana of Wales died in 1997, John re-released his 1973 classic “Candle in the Wind,” which had been out of print for years.
This version, released in 1997, went on to become the best-selling single in the history of recorded and earned John his lone Grammy, for Best Male Pop Recording. Currently, John is on tour, composing for the stage, and releasing best-selling studio albums.
From 1984 to 1988, he was married to German recording engineer Renata Blauel, with whom he had two children. He ultimately came out of the closet and has been in a relationship with director David Furnish since 1993, and the two were legally married in 2005 as part of a civil partnership.
Elton John Net Worth Milestones
In 2000, Elton’s net worth was “just” $100 million, according to Forbes. When he was in this stage of his life, he was well-known for being a spendthrift. He would eventually admit to spending $2 million every month during the late 1990s, for a total of almost $40 million over the course of the decade.
To give an example, in 1996, he spent more than $12 million on residences and half a million dollars on flowers in a six-month period alone. He amassed an automobile collection that could rival that of a museum. In June 2001, he sold a total of 20 automobiles that he had never even touched. His sale included a $300,000 1993 Jaguar, as well as Ferraris, Bentleys, and Rolls Royces, among other luxury automobiles.
By 2009, when we first included Elton John’s own fortune in Celebrity Net Worth, his net worth had grown to $265 million. By 2011, the total had surpassed $240 million. In 2013, we plan to increase his net worth to $300 million. By 2020, the value of his assets had increased to the point where he was worth a total of half a billion dollars, according to Forbes.
Elton’s primary residence has been a big estate called Woodside in Old Windsor, Berkshire, England, where he has lived for many years. Woodside is a 37-acre estate that has been in the family since the 1750s. After inflation and currency fluctuations, Elton paid 400 thousand pounds for the property in 1974, which is approximately the same as approximately $5 million USD now.
As previously stated, he was still largely residing with his mother and stepfather in their little apartment at the time of the incident. During an auction in 1988, he was able to sell the whole contents of the house for $8 million. In the following months, he began renovating and furnishing the entire property.
Elton also has residences in Atlanta, Los Angeles, Nice, London, and Venice, among other cities.
It was purchased for $33 million in October 2015, and it is located in Beverly Hills, California. Custom built-in 2001 for the previous owner, Armand Marciano, co-founder of Guess, the home sits on roughly 20 acres of guarded grounds.
It was on the market for $63 million at one point (before Elton’s purchase). The main home is 25,000 square feet in size and includes an 11-car basement garage, a screening room, a wine cellar, a gym, and numerous other amenities.
Besides his apartment, he owns a mansion in the same neighborhood that he purchased for $7.2 million in 2012. In September 2021, Elton purchased a half-acre parcel of land next door for $8.5 million.