What is Elton John net worth? Learn how this iconic musician boasts a staggering $650 million and his journey to success.
Elton John is a legendary figure in the music industry, celebrated for his extraordinary talent as a singer, composer, pianist, and songwriter. With a career spanning over five decades, he has captivated audiences worldwide with his powerful voice, flamboyant style, and unforgettable melodies.
Known for hits like “Rocket Man,” “Tiny Dancer,” and “Candle in the Wind,” Elton has not only sold over 300 million albums but has also earned numerous accolades, including multiple Grammy Awards and an Academy Award. His influence extends beyond music; as a philanthropist and advocate for LGBTQ+ rights, Elton John continues to inspire generations, solidifying his status as one of the most iconic artists of all time.
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Elton John Net Worth
Elton John is a highly acclaimed British singer, composer, pianist, and songwriter, boasting a net worth of $650 million. He ranks among the most commercially successful artists in history, having sold over 300 million albums globally.
This impressive figure positions him as the fifth best-selling musical artist of all time, trailing only behind Madonna, Michael Jackson, Elvis Presley, and The Beatles. Consistently, he is listed among the highest-paid celebrities worldwide.
In a typical touring year, Elton can easily earn upwards of $80 million from his various ventures. His “Farewell Yellow Brick Road” tour is currently the second highest-grossing concert tour ever, amassing $940 million over more than 330 shows from 2018 to 2023. Although Taylor Swift’s “The Eras Tour” recently surpassed this record, it’s noteworthy that her average gross per concert of $14 million significantly eclipses Elton’s average of $2.85 million.
Sir Elton John has received nearly every music award imaginable. His iconic song “Candle in the Wind” holds the record as the best-selling single in both the UK and US charts. He has achieved 50 songs in the Top 40, with nine reaching the No. 1 spot, and has released seven consecutive No. 1 albums.
On January 15, 2024, Elton achieved “EGOT” status by winning an Emmy for Outstanding Variety Special, adding to his accolades that include five Grammys, an Oscar, two Golden Globes, and a Tony Award. He is the 19th individual to attain EGOT status. Additionally, John is recognized as the most successful solo artist in the history of the US Billboard charts and the first solo artist to have UK Top 10 singles spanning six decades.
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Rise to Success
Elton John launched his music career with the release of his first albums, Empty Sky and Elton John, in 1969 and 1970, respectively. Between 1972 and 1975, he achieved remarkable success, with seven consecutive albums topping the charts. In 1973, he founded his own record label, The Rocket Record Company, which released albums by artists like Neil Sedaka.
Interestingly, he chose not to release his own music through his label, opting instead for an $8 million deal with MCA—equivalent to about $40 million today when adjusted for inflation.
Throughout the 1980s, Elton continued to produce successful albums. In 1992, he and longtime collaborator Bernie Taupin signed a groundbreaking $39 million, twelve-year contract with Warner Bros.
Records, marking the largest cash advance in music history at that time. In 1994, he composed the score for Disney’s animated film The Lion King, which won a Grammy Award for Best Song and was certified “diamond” in 1999 for selling 15 million copies. Following the tragic death of Princess Diana in 1997, Elton re-released his 1973 hit “Candle in the Wind.”
This version became the best-selling single in recording history and earned him his only Grammy for Best Male Pop Recording. As of 2023, Elton continues to tour, compose for the stage, and release chart-topping albums.
Personal Life
Elton John was married to German recording engineer Renata Blauel from 1984 to 1988. He later came out as gay and has been in a relationship with filmmaker David Furnish since 1993. The couple entered a civil partnership in 2005 and married in December 2014, following the legalization of same-sex marriage in the United Kingdom.
They have two sons, Zachary Jackson Levon Furnish-John and Elijah Joseph Daniel Furnish-John, both born via surrogate. Additionally, Elton has ten godchildren.
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Highest-Paid Celebrities
Elton John consistently ranks among the highest-paid entertainers in the world. Between June 2017 and June 2018, he earned $45 million. From 2011 to 2018, he held a lucrative Las Vegas residency called The Million Dollar Piano, where he negotiated to receive 88% of the door revenues for each show, translating to approximately $500,000 per performance.
His final tour, Farewell Yellow Brick Road, became the highest-grossing tour of all time, amassing an impressive $853 million over 293 shows.
Elton John Net Worth Milestones
Elton John’s net worth was “only” $100 million in 2000, a time when he was notorious for his extravagant spending habits. He later revealed that he spent approximately $2 million a month during the late 1990s, totaling around $40 million.
Notably, in a single six-month period in 1996, he spent over $12 million on homes and an additional half a million on flowers. His lavish lifestyle included an impressive collection of cars; in June 2001, he sold 20 cars he had never even driven, featuring luxury vehicles like a $300,000 1993 Jaguar, Ferraris, Bentleys, and Rolls Royces.
By 2009, when Elton John was first added to Celebrity Net Worth, his fortune had reached $265 million. By 2011, it was estimated at $240 million, and by 2013, it was raised to $300 million. By 2020, his net worth had soared to an impressive half-billion dollars.
Art Collection
Elton is recognized as one of the most astute celebrity art collectors in the world, with his art collection potentially valued at $200 million in a favorable market. His impressive collection includes works by renowned artists such as Robert Mapplethorpe, Andy Warhol, Jean-Michel Basquiat, Keith Haring, and Damien Hirst, among others.
In 2004, he sold 70 photographs from his collection for $900,000, showcasing his keen eye for valuable art. His photography collection is considered one of the largest and most significant in the world.
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Real Estate
Woodside Estate
Since 1974, Elton John’s primary residence has been Woodside, a stunning 37-acre estate located in Old Windsor, Berkshire, England. The property, which dates back to the 1750s, was acquired by Elton for £400,000 (approximately $5 million today when adjusted for inflation).
Prior to this, he lived mainly with his mother and stepfather in a small apartment. In 1988, he auctioned off the entire contents of Woodside for $8 million and subsequently undertook extensive renovations to refurbish the estate.
Additional Properties
Elton John also owns several other properties, including homes in:
- Atlanta
- Los Angeles
- Nice
- London
- Venice
Beverly Hills Estate
In October 2015, Elton purchased a Beverly Hills estate for $33 million. This nearly 20-acre gated property was custom-built in 2001 for Armand Marciano, co-founder of Guess. Before Elton’s acquisition, the property was listed for $63 million. The main house spans 25,000 square feet and features:
- An 11-car subterranean garage
- A screening room
- A wine cellar
- A gym
He also owns a nearby home, purchased for $7.2 million in 2012, and in September 2021, he acquired a half-acre property next door for $8.5 million.
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Atlanta Penthouse
In 1992, Elton bought a 2,500-square-foot penthouse in Atlanta, Georgia. Over the next two decades, he expanded his holdings by purchasing five additional units in the same building, ultimately creating a 13,000-square-foot penthouse.
He appreciated the convenience of flying in and out of Atlanta during tours and developed a fondness for Georgia. In September 2023, he listed the unit for sale for just under $5 million and sold it a month later for nearly $14 million.
Ferrari Testarossa
In 1987, MCA Records gifted Elton John a striking red 1987 Ferrari Testarossa to celebrate his 40th birthday. This iconic car was made famous by its appearance on the original run of “Miami Vice” in the same year, symbolizing the pinnacle of coolness in the automotive world.
Specifications
- Top Speed: 180 miles per hour
- Acceleration: 0-60 mph in 5.2 seconds
The Ferrari Testarossa is often regarded as one of the most famous cars to emerge from the 1980s, known for its sleek design and powerful performance.
Auction Sale
After years of being kept in Australia, Elton sold the Ferrari at auction in 2001. At the time of the sale, the car had only 12,427 miles on the odometer, reflecting its limited use and adding to its allure as a collectible piece of automotive history.
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Conclusion on Elton John Net Worth
Elton John’s financial journey is a remarkable testament to his talent, resilience, and ability to adapt in the ever-changing landscape of the music industry. From his modest beginnings and extravagant spending habits to becoming one of the wealthiest musicians in the world, his net worth has seen significant milestones.
With a fortune that has grown from $100 million in 2000 to an impressive $500 million by 2020, Elton’s success is not solely attributed to his music but also to his savvy investments in real estate and art.
His diverse portfolio, including luxurious properties in locations like Beverly Hills and Atlanta, along with a renowned art collection, underscores his status as a savvy investor. Furthermore, his iconic possessions, such as the Ferrari Testarossa, reflect his passion for luxury and style. Overall, Elton John’s net worth is a reflection of his enduring legacy in entertainment, his astute financial decisions, and his ability to remain relevant in a dynamic industry.
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