Toby Keith, born Toby Keith Covel on July 8, 1961, is a famous American country music singer, songwriter, actor, and music producer. He launched his music career with Mercury Records, releasing four albums from 1993 to 1997: “Toby Keith,” “Boomtown,” “Blue Moon,” and “Dream Walkin’,” plus a greatest hits album in 1997.
All of these albums were very successful, earning at least a Gold certification. His song “Should’ve Been a Cowboy” became very popular, topping the country charts and becoming the most played country song of the 1990s. This song has been played over three million times.
Toby Keith Net Worth
In February 2024, Toby Keith is worth about $400 million. He makes money from his music, deals with brands, and his own businesses. Toby Keith is a famous country singer and songwriter from the U.S. He started his music career in the 1990s and has many popular songs and albums.
Kris Kristofferson net worth: $50 million, 2 #1 songs.
Toby Keith net worth: $400 million. 20 #1 songs.
Save your Kris bodying Toby takes when Kris releases 18 more bangers.
— Steve in Crowtown (@StevenCrowtown) February 6, 2024
How Did Toby Keith Get Rich From His Music?
Toby Keith made a lot of money from his music career. He got about $20,000 to start and made almost $10,000 from each live show. His songs, like “American Soldier” and “Lost You Anyway,” were popular around the world.
He also made money from movies like “Broken Bridges” and “Beer for My Horses,” and released an album called “Peso in My Pocket” in 2021, which helped him earn even more.
Toby Keith Gambling Losses
Toby Keith is well-known for gambling, placing big bets at casinos and poker tables. He has won and lost a lot of money this way.
For example, he lost $5 million in one night in 2015 at a Las Vegas casino and $1 million in a poker game in 2011. His losses add up to a lot across different casinos worldwide. Despite being rich, his big gambling losses have made some people worried.
Toby Keith Business Ventures
Forbes says Toby Keith has a successful liquor business, with his whiskey selling in over 40 states and making more than $180 million in 2023. In 2004, he put $600,000 into Big Machine for a 13% share, which was a good move because they signed big names like Tim McGraw and Taylor Swift, and he makes money when they do.
Toby also started his own music labels. Then, Las Vegas casino owner Don Marrandino asked him to start a restaurant named “I Love This Bar and Grill,” which now is among the top 25 earning restaurants in the US.
Toby Keith’s House
In 2006, Toby Keith purchased a huge mansion in Norman, Oklahoma, for $15 million. This grand home is on a 175-acre property and includes 10 bedrooms, 12 bathrooms, a movie room, bowling alley, sports courts, a pool, a stable, a shooting range, and a separate guest house.
Toby Keith Breakthrough Success
Keith hit it big in 1999 with his album “How Do You Like Me Now?!” which was both a critical and financial hit, leading to four top singles. He kept releasing popular albums in the 2000s like “Pull My Chain,” “Unleashed,” “Shock’n Y’all,” and “Honkytonk University.” Acting in the 2006 movie “Broken Bridges” also increased his wealth.
FAQ’s
Does Toby Keith earn money from Taylor Swift’s music?
Yes, Toby Keith earns money from Taylor Swift’s music. He gets 2.5% from her music sales because he has a part of Big Machine Records. This is the company that helped Taylor Swift release her first six albums.
Does Toby Keith have his own plane?
Yes, Toby Keith has his own plane. It’s a Learjet 60, a kind of medium-sized private jet. The jet is decorated in red and white, the colors of his favorite team, the Oklahoma Sooners, and the inside is covered in saddle leather.
How did Toby Keith become so wealthy?
Toby Keith is very wealthy because he’s done really well in country music and as a businessman. He’s sold more than 40 million albums all over the world. Besides his music, he owns various businesses, like a series of restaurants and bars, his own music label, and a clothing brand.
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