Elton John Net Worth (Money & Salary)
Elton John Net Worth (Money & Salary)
September 14, 2024
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Discovering Elton John’s Total Net Worth
Being a highly admired and accomplished British singer, composer, pianist, and songwriter, Elton John boasts a net worth of $650 million. He stands as one of the most prosperous musical artists in the world as evidenced by his staggering record of over 300 million sold albums globally. This achievement positions him as the fifth highest-selling musical artist in contemporary history, following behind iconic names such as Madonna, Michael Jackson, Elvis, and The Beatles. Elton John is a regular feature among the highest-earning celebrities worldwide.
During a year filled with concert tours, Elton can easily rake in over $80 million from his diverse ventures. Notably, his “Farewell Yellow Brick Road” tour currently holds the second-highest record for concert tour earnings. The tour, which spanned from 2018 to 2023 and encompassed over 330 shows, amassed a total gross of $940 million. This outstanding feat was later surpassed by Taylor Swift’s “The Eras Tour.” However, it is noteworthy that Taylor Swift’s average earning per concert of $14 million substantially exceeds Elton’s average of $2.85 million.
Sir Elton John has clinched nearly every prestigious music award in existence. His single “Candle in the Wind” stands as the best-selling single in the history of both UK and US singles chart. With a remarkable 50 songs landing in the Top 40, nine of which hit No. 1, and an impressive streak of seven consecutive #1 albums, Elton’s musical prowess is truly unparalleled. On January 15, 2024, Elton solidified his “EGOT” status by bagging an Emmy for Outstanding Variety Special. Prior to this, he had already secured five Grammys, an Oscar, two Golden Globes, and a Tony Award. Elton John is now the 19th individual ever to achieve EGOT status. He holds the distinction of being the most triumphant solo artist in the history of the US Billboard charts and the initial solo artist to have UK Top 10 singles across six decades.
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Historical Background
Originating as Reginald Dwight, Elton John was born on March 25, 1947, in Middlesex, England. His journey with the piano commenced at the age of three, tinkering on his grandmother’s piano. Formal piano instruction began at seven, followed by acceptance into London’s Royal Academy of Music at eleven through a scholarship. Despite his father’s attempts to guide him towards a conventional banking career, Elton’s musical path prevailed. His parents split when he was 14, leading his mother to marry Fred Farebrother, a local painter and nurturing stepfather. Together with his mother and stepfather, Elton resided in an apartment, a home he retained for years, even during periods where he held four Top 40 albums in the US. His stepfather facilitated a weekend performance opportunity for the 15-year-old Reginald, kickstarting his piano-playing stint at a local venue.
In 1966, he co-founded the band Bluesology with friends. It was during this era that he embraced the moniker Elton John, paying homage to blues icons Elton Dean and Long John Baldry.
During this period, Elton crossed paths with lyricist Bernie Taupin. Their collaboration spawned over 30 albums, amassing sales surpassing 300 million copies.
Journey to Triumph
Elton John unveiled his inaugural albums, “Empty Sky” and “Elton John,” in 1969 and 1970, respectively. The span from 1972 to 1975 saw him achieve seven consecutive chart-topping albums. In 1973, he launched his own label, The Rocket Record Company, which distributed albums by Neil Sedaka. Interestingly, he opted against releasing his music on this label, instead securing an $8 million pact with MCA. Adjusted for inflation, this amounted to nearly $40 million.
Throughout the 1980s, Elton continued to deliver successful albums. In 1992, he and Taupin sealed a groundbreaking $39 million, twelve-year deal with Warner Bros. Records, marking the largest cash advance in music history at that time. Producing the music for the Disney animated blockbuster “The Lion King” in 1994 garnered Elton a Grammy Award for Best Song, with the soundtrack achieving “diamond” status in 1999 by selling fifteen million copies. Following the tragic demise of Princess Diana of Wales in 1997, Elton re-released his 1973 hit “Candle in the Wind,” which went on to become the highest-selling single in music history. This rendition earned him his sole Grammy for Best Male Pop Recording. As of 2023, Elton John remains active in touring, composing for stage productions, and releasing chart-topping albums.
Personal Affairs
Elton was formerly married to German recording engineer Renata Blauel from 1984 to 1988. Subsequently, he openly embraced his sexuality and has been engaged in a relationship with filmmaker David Furnish since 1993, culminating in a civil partnership in 2005, later transitioning to marriage after the legalization of same-sex marriage in the UK in December 2014. The couple is parents to two sons, Zachary Jackson Levon Furnish-John and Elijah Joseph Daniel Furnish-John, both born via the same surrogate. Elton John also serves as godparent to ten individuals.
Ranked Among Elite Entertainers
Elton consistently features as one of the highest-earning entertainers globally. Between June 2017 and June 2018, his earnings amounted to $45 million. Encompassing the period from 2011 to 2018, Elton’s Las Vegas residency, The Million Dollar Piano, witnessed a lucrative deal wherein he received 88% of the show’s door revenues. This arrangement translated to approximately $500,000 in profits per show for Elton.
Faring even more impressively, Elton’s final tour, Farewell Yellow Brick Road, emerged as the most financially successful tour to date, amassing an astounding $853 million across 293 shows.
Elton John’s Financial Journey
Back in the year 2000, Elton’s net worth stood at around $100 million. At that time, he was notorious for his extravagant spending habits. He later confessed to splurging an astonishing $2 million every month during the late ’90s, totaling approximately $40 million over that period. For instance, in just six months in 1996, he spent over $12 million on properties and half a million dollars on flowers. He amassed a top-tier collection of cars and in June 2001, he offloaded 20 cars that he had never driven, including a $300,000 1993 Jaguar, Ferraris, Bentleys, and Rolls Royces.
By the year 2009, when Elton John was first included in Celebrity Net Worth, his personal wealth had reached $265 million. By 2011, it had increased to over $240 million. In 2013, his net worth was elevated to $300 million. Fast forward to 2020, his assets had appreciated so much that his net worth hit half a billion dollars.
Elton’s Remarkable Art Collection
Elton is renowned for being one of the most astute celebrity art connoisseurs worldwide. The value of his art collection alone could easily exceed $200 million in the correct market conditions. His collection boasts works by notable artists such as Mapplethorpe, Warhol, Basquiat, Haring, Damien Hirst, and others. In 2004, he made $900,000 by selling 70 photographs from his collection. His assortment of photographs is among the most extensive in the world.
Elton’s Diverse Real Estate Portfolio
Since 1974, Elton has resided in Woodside, a considerable estate in Old Windsor, Berkshire, England. This estate spans 37 acres and dates back to the 1750s. Elton purchased it in 1974 for 400,000 pounds, equivalent to roughly $5 million USD today. Additionally, he owns properties in Atlanta, Los Angeles, Nice, London, and Venice.
In 2015, he bought a Beverly Hills estate for $33 million, sitting on almost 20 acres. The mansion, with a 25,000-square-foot main house, 11-car underground garage, screening room, wine cellar, and more, was custom-built for Guess co-founder Armand Marciano in 2001. Elton procured another adjacent property in 2021 for $8.5 million.
In Atlanta, Elton initially purchased a 2,500-square-foot penthouse in 1992, later expanding it into a 13,000-square-foot penthouse by acquiring adjacent units. After listing it for sale in September 2023, he managed to sell it for almost $14 million within a month.
He also acquired a Toronto penthouse in 2022, diversifying his real estate investments.
Ferrari Testarossa: A Special Gift
For his 40th birthday in 1987, MCA Records presented Elton with a red 1987 Ferrari Testarossa, famously featured in the TV show “Miami Vice.” This iconic car, capable of speeds up to 180 miles per hour and accelerating from 0 to 60 in 5.2 seconds, was auctioned by Elton in 2001 after being stored in Australia for years. At the time of sale, it had only traveled 12,427 miles.
Data from 2023 and 2024, and forecast for 2025, 2026, 2027, and 2028 is included.
* This information was taken from various sources around the world, including these countries:
Australia, Canada, USA, UK, UAE, India, Pakistan, Philippines, Indonesia, Nigeria, Tanzania, Kenya, US, United Kingdom, United States of America, Malaysia, U.S., South Africa, New Zealand, Turkey, United Arab Emirates.
Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan.
Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi.
Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling Islands), Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote D’Ivoire (Ivory Coast), Croatia (Hrvatska), Cuba, Cyprus, Czech Republic.
Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, Metropolitan, French Guiana, French Polynesia, French Southern Territories.
Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy.
Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, North Korea, South Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg.
Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Myanmar.
Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand (NZ), Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway.
Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe.
Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and South Sandwich Islands, Spain, Sri Lanka, St. Helena, St. Pierre and Miquelon, Sudan, Suriname, Svalbard and Jan Mayen Islands, Swaziland, Sweden, Switzerland, Syria.
Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates (UAE), UK (United Kingdom), USA (United States of America, U.S.), US Minor Outlying Islands.
Uruguay, Uzbekistan, Vanuatu, Vatican City State (Holy See), Venezuela, Vietnam, Virgin Islands (British), Virgin Islands (US), Wallis and Futuna Islands, Western Sahara, Yemen, Yugoslavia, Zaire, Zambia, Zimbabwe.
Elton John Net Worth (Money & Salary)
