Elton John Net Worth: Know How Wealthy This British Singer Is?
In this article, we will discuss the topics like, What is Elton John Net Worth? Everything about Elton John and also How much money has he amassed? Therefore, if this is something that piques your curiosity, stick with us.
A Glimpse Of His Early Life
Elton John was born Reginald Dwight in Middlesex, England, on March 25, 1947. At the age of three, he began playing the piano at his grandmother's piano. He began regular studies at the age of seven and received a scholarship to London's Royal Academy of Music at the age of eleven. His father, a military officer, attempted but failed, to lead him toward a more traditional profession in finance. When he was 14, his parents divorced. His mother later married Fred Fare's brother, a local painter who was a caring and supportive stepfather. Elton, his mother, and his stepfather moved into an apartment where he would reside for years, even after he had four Top 40 albums in the United States. Reginald, then 15, was helped by his stepfather to secure a weekend gig playing piano at a neighborhood piano.
He and his friends established the band Bluesology in 1966. Around the same period, he adopted the moniker Elton John. The moniker was inspired by blues titans Elton Dean and Long John Baldry.
Elton met songwriter Bernie Taupin about this time. They would go on to collaborate on over 30 albums, selling over 300 million copies.
Ascend to Success
In 1969 and 1970, Elton John released his first two albums, Empty Sky and Elton John. Between 1972 and 1975, he had seven consecutive number-one albums. In 1973, he founded The Rocket Record Company, which released recordings by Neil Sedaka. Interestingly, instead of releasing his own music on his own label, he struck a $8 million agreement with MCA. After adjusting for inflation, that equates to roughly $40 million.
Throughout the 1980s, Elton delivered successful records, and in 1992, he and Taupin inked a $39 million, twelve-year contract with Warner Bros. Records. Up to that moment, it was the largest cash advance in music history. He wrote the music for the Disney animated film The Lion King in 1994, which won a Grammy Award for Best Song and was certified “diamond” in 1999 for selling fifteen million copies. In response to the loss of Princess Diana of Wales in 1997, John reissued his 1973 classic “Candle in the Wind.” This version, released in 1997, became the best-selling song in recorded history, earning John his lone Grammy for Best Male Pop Recording. John is still touring, composing for the stage, and releasing best-selling records.
What Is The Net Worth Of Elton John ?
John is a hugely successful and well-known British singer, composer, pianist, and lyricist. Elton John has a net worth of $500 million as of this writing. Elton John is widely regarded as one of the most commercially successful performers of all time. He has sold over 300 million albums worldwide to date. That makes him the fifth best-selling musical artist in contemporary history, trailing only Madonna, Michael Jackson, Elvis Presley, and The Beatles. He is routinely ranked among the world's highest-paid celebrities. Elton can easily earn more than $80 million from his different businesses in a touring year.
Elton John is consistently one of the world's highest-paid entertainers. Elton John earned $45 million between June 2017 and June 2018. Between 2011 and 2018, Elton performed at The Million Dollar Piano in Las Vegas. He arranged an arrangement in which he would receive 88% of the door revenue for each performance. This equated to almost $500,000 in earnings each show for Elton.
Elton John Net Worth Accomplishments
In the year 2000, Elton's net worth was “just” $100 million. He was well-known as a wasteful spender at this point in his life. He would eventually admit to spending $2 million every month in the late 1990s, for a total of $40 million during the period. In 1996, for example, he spent more than $12 million on residences and half a million dollars on flowers in a six-month period. He amassed an automobile collection worthy of a museum. He sold 20 automobiles in June 2001 that he had never even driven and also he sold a $300,000 1993 Jaguar, as well as Ferraris, Bentleys, and Rolls Royces.
When we initially listed Elton John to Celebrity Net Worth in 2009, his personal fortune was $265 million. By 2011, it had surpassed $240 million. In 2013, we increased his net worth to $300 million. His holdings had grown in value to the point where he was worth a complete half-billion dollars by 2020.
The Art Collection
Elton is regarded as one of the most knowledgeable celebrity art collectors on the planet. In the appropriate market, his art collection alone might easily be worth $200 million. Mapplethorpe, Warhol, Basquiat, Haring, Damien Hirst, and many more artists have contributed to his collection. Elton sold 70 pictures from his collection for $900,000 in 2004. His photography collection is one of the largest in the world.
For many years, Elton's primary residence was a magnificent estate called Woodside in Old Windsor, Berkshire, England. Woodside is a 37-acre estate built in the 1750s. Elton purchased the property in 1974 for £400,000, which equates to nearly $5 million USD now after inflation and currency adjustments. As previously stated, he was still mostly living with his mother and stepfather in their little apartment at the time. He auctioned off the whole furnishings of the mansion for $8 million in 1988. He then began renovating and refurnishing the entire property.
Elton has houses in Atlanta, Los Angeles, Nice, London, and Venice, among other places.
In October 2015, he paid $33 million for his Beverly Hills mansion. The estate is a roughly 20-acre guarded property that was specifically built for the previous owner, Guess co-founder Armand Marciano, in 2001. It was on the market for $63 million at one point (before Elton). The main residence is 25,000 square feet in size and has an 11-car subterranean garage, screening room, wine cellar, gym, and other amenities.
He owns a property in the neighborhood that he purchased for $7.2 million in 2012. Elton spent $8.5 million for a half-acre property next door in September 2021.
His home in Atlanta is a 12,000-square-foot double penthouse.