Elton John, the renowned British singer, composer, pianist, and lyricist, is regarded as a musical giant. This iconic personality has left an everlasting imprint on the music industry, selling over 300 million albums worldwide, making him the fifth best-selling musician in modern history, trailing only Madonna, Michael Jackson, Elvis, and The Beatles. This article will provide you with all of the information you need on his net worth, career, and other recent changes.
What is Elton John’s Net Worth?
Elton John, the legendary British musician, has a stunning net worth of $650 million. He is one of the world’s best-selling artists, having sold over 300 million albums and ranked fifth in contemporary history.
Elton is best known for his “Farewell Yellow Brick Road” tour, which is the highest-grossing concert tour in history, and he typically earns more than $80 million every year. With several awards, including an EGOT and chart-topping successes, he is the most successful solo artist in the history of the US Billboard charts, as well as the first to have six decades of UK Top 10 singles.
Elton John’s Early Life
Elton John, born Reginald Dwight on March 25, 1947, in Middlesex, England, began playing the piano at the age of three. Despite his father’s efforts to steer him toward a traditional vocation, Elton gained a scholarship to the Royal Academy of Music at the age of eleven.
After his parents divorced at 14, he found a sympathetic stepfather in Fred Farebrother. In 1966, he took the moniker Elton John in honor of blues pioneers Elton Dean and Long John Baldry. His long-standing cooperation with lyricist Bernie Taupin began around the same time, leading to over 30 albums and 300 million copies sold.
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Elton John’s Epic Journey: From Rocket Records to Record-Breaking Hits
Elton John’s rise to prominence began with the release of his first albums, Empty Sky and Elton John, in 1969 and 1970. He launched The Rocket Record Company in 1973, following an unprecedented record of seven consecutive chart-topping albums from 1972 to 1975. Despite forming his own label, Elton chose a $8 million deal with MCA instead. Throughout the 1980s, he continued to put out popular records.
In 1992, Elton and Bernie Taupin signed a historic $39 million, twelve-year contract with Warner Bros. Records, setting the record for the highest cash advance in music history at the time. His work on the Disney animated picture The Lion King in 1994 received critical praise, earning him a Grammy Award for Best Song.
The 1997 re-release of “Candle in the Wind” became the best-selling song in recorded history, earning Elton’s only Grammy for Best Male Pop recorded. As of 2023, Elton John continues to travel, compose for the stage, and release chart-topping albums.
Elton John’s Personal Life
He was married to Renata Blauel, a German recording engineer, from 1984 to 1988. He ultimately came out of the closet and has been in a relationship with director David Furnish since 1993, and the two entered into a civil partnership in 2005.
The couple married in December 2014, just after same-s*x marriage became legal in the United Kingdom. The couple has two boys, Zachary Jackson Levon Furnish-John and Elijah Joseph Daniel Furnish-John, who were both born through the same surrogate. Elton John also has ten godchildren.
Elton John is One of the Highest-Paid Celebrities
Elton is consistently ranked as one of the world’s highest-paid artists. Between June 2017 and June 2018, Elton John made $45 million. Between 2011 and 2018, Elton performed a Las Vegas residency known as The Million Dollar Piano.
He arranged an arrangement in which he would receive 88% of the door income for each event. This amounted to around $500,000 in earnings each show for Elton. Farewell Yellow Brick Road, John’s farewell tour, grossed $853 million over 293 shows, making it the most successful tour of all time.
Elton John’s Net Worth Milestones
Elton had a net worth of “only” $100 million in 2000. At this point in his life, he was well-known for his extravagant spending habits. He eventually admitted to spending $2 million every month in the late 1990s, for a total of approximately $40 million throughout the period.
For example, in a single six-month period in 1996, he spent more than $12 million on residences and half a million on flowers. He amassed a museum-quality collection of vehicles. In June 2001, he sold 20 vehicles that he had never driven. His sale featured a $300,000 1993 Jaguar, Ferrari, Bentley, and Rolls-Royce.
In 2009, when we first listed Elton John to Celebrity Net Worth, his fortune was $265 million. By 2011, it had surpassed $240 million. We increased his net worth to $300 million in 2013. By 2020, the value of his holdings had increased to the point where he was worth half a billion dollars.
Elton John’s Art Collection
Elton is regarded as one of the most astute celebrity art collectors on the planet. His art collection alone may fetch $200 million in the proper market. His collection has featured works by Mapplethorpe, Warhol, Basquiat, Haring, Damien Hirst, and many more. In 2004, Elton sold 70 photos from his collection for $900,000. His photography collection is among the largest on the planet.
Elton John’s Real Estate
Elton John’s real estate holdings span the globe. Since 1974, his permanent residence has been Woodside in Old Windsor, Berkshire, England—a 37-acre estate dating back to the 1750s that he purchased for £400,000. He restored the mansion in 1988 after selling all of its belongings for $8 million. Elton also has properties in Atlanta, Los Angeles, Nice, London, and Venice.
His Beverly Hills mansion, purchased for $33 million in 2015, spans over 20 acres and features a 25,000-square-foot main house. In Atlanta, he owned a 13,000-square-foot penthouse that he listed for less than $5 million in 2023 and sold for just under $14 million a month later. In 2022, Elton added a Toronto penthouse to his vast real estate portfolio.
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Elton John’s Ferrari Testarossa
MCA Records decided to surprise the hardworking artist on his 40th birthday in 1987. They gifted him the red 1987 Ferrari Testarossa. The Ferrari Testarossa, which became renowned during the original run of “Miami Vice” in 1987, was the epitome of cool.
The Ferrari Testarossa was undoubtedly the most famous car to come out of the 1980s, capable of reaching 180 mph and accelerating from 0 to 60 in 5.2 seconds. Sir Elton’s birthday present had been sitting in Australia for years before he sold it at an auction in 2001. At that time, it had only 12,427 miles.
