Elton John is a British singer, pianist, composer and also songwriter. He is one of the most commercially successful artists of all time. This fact may make a lot of people curious about his net worth. Here, we will reveal his net worth together with the other information about him.
Elton John’s Celebrity Net Worth
Elton John’s net worth is $500 million. Until now, he has sold more than 300 million albums globally. Because of it, he becomes the fifth best selling musical artist in modern history behind Madonna, Michael Jackson, Elvis and The Beatles. Between June 2018 and June 2019, from his various endeavors, he earned $85 million.
In the world, he becomes one of the highest paid entertainers. He could earn $45 million between June 2017 and June 2018. Between 2011 and 2018, he held a Las Vegas residency which was called The Million Dollar Piano. He made a negotiation about a deal where he would earn 88% of the door revenues for every show. It translated to about $500,000 in earnings per show for him.
Before he had a net worth of $500 million like this, in 2000 his net worth was $100 million. In one six period alone in 1996, more than $12 million was spent by him on homes and half a million dollars on flowers. He also got a museum level collection of cars. In June 2001, he sold 20 cars that he had never driven. The cars which he sold included 1993 Jaguar for $300,000, Bentleys, Ferraris and Rolls Royces.
Elton John’s Early Life
When Elton John was born, he was given the name Reginald Kenneth Dwight. On March 25th, 1947 in Middlesex, England. When he was three years old, he started playing piano on his grandmother’s piano. When he was seven years old, he began formal lessons and then he won a scholarship to London’s Royal Academy of Music at eleven.
His father, who was a military man, tried to steer Elton to a more traditional career in banking. However, he was not successful in steering him. When Elton was 14 years old, his parents divorced. After that, his mother got married to Fred Farebrother who was a local painter. Fred proved to be a caring and supportive stepfather.
Then, Elton’s mother and stepfather moved into an apartment. There, years later, Elton would continue to live even at a time when he had four Top 40 albums in the United States. When Elton was 15 years old, his stepfather helped him to land a weekend gig playing piano at a local piano.
In 1966, Elton formed a band named Bluesology with his friends. Around the same time, he took the name Elton John. This name was an homage to blues legends namely Elton Dean and Long John Baldry. It is also when he started collaboration with songwriter, Bernie Taupin.
Elthon John’s Success
How did Elton get his success? His first albums entitled Empty Sky and Elton John were released in 1969 and 1970, respectively. Between 1972 and 1975, his seven consecutive albums topped the charts. In 1973, he founded his own record label named The Rocket Record Company which released albums by Neil Sedaka. However, Elton decided to not release his own music on his own label, but he chose to sign an $8 million deal with MCA. This number is the same as around $40 million after it is adjusted for inflation.
Elton released albums which were successful throughout the 1980s. In 1992, he and Taupin signed a contract worth $39 million for twelve years with Warner Bros Records. Until that point, it was the biggest cash advance in music history.
In 1994, he made the music composition for the Disney animated movie The Lion King. It earned a Grammy Award for Best Song. Also, it was certified “diamond” 1999 because it sold fifteen million copies. In 1997, he re-released his 1973 classic “Candle in the Wind” as a response to the death of Princess Diana of Wales. This version became the best selling single in recording history. It could earn him his only Grammy for Best Male Pop Recording. Until now, he continues to tour, release best-selling albums and compose for the stage.
Elton John’s Real Estate
A large estate named Woodside in Old Windsor, Berkshire, England has been Elton’s home for many years. It is an estate which has 37 acre that dates back to the 1750s. In 1974, he got the property for 400 thousand pounds. It is around $5 million today after inflation and currency changes.
In 1988, he sold the whole contents of the house for $8 million at auction. Then, he renovated and refurbished the whole property.
Besides, he also has homes in a number of areas such as in Atlanta, Los Angeles, Nice, London and Venice. In October 2015, his Beverly Hills estate was acquired by him for $33 million. The home is a gated property which is almost 20 acres which was custom built in 2001 for the previous owner, namely Guess co-foudner Armand Marciano. At one point, it was on the market for $63 million. The primary house is 25,000 square feet and it has a subterranean garage for 11 cars, screening room, wine cellar, gym and many more. In the nearby area, he also has a home that he bought for $7.2 million in 2012. A duplex penthouse is his property in Atlanta which has 12,000 square feet.
Elton John’s Awards
He has been an artist for years. Of course, he got a lot of awards and some of them can be seen below.
- In 1995, he won Academy Awards as Best Original Song for his song entitled “Can You Feel the Love Tonight”
- In 2020, he won Academy Awards as Best Original Song for his song entitled “(I’m Gonna Love Me Again”.
- In 1986, he won Brit Awards as Best British Male.
- In 1994, he won Golden Globe Awards as Best Original Song entitled “Can You Feel the Love Tonight” with Tim Race.
- In 1987, he won Grammy Awards as Best Pop Performance by a Duo or Group with Vocal for his song entitled “That’s What Friends Are For”.
- and many more.