Elton John Net Worth: Reginald Dwight was born on March 25, 1947 in Middlesex, England. He began playing the piano on his grandmother’s piano at age three. He began formal instruction at age seven and was awarded a scholarship to the Royal Academy of Music at age eleven. His father, a military guy, unsuccessfully attempted to lead him toward a more conventional banking profession. His parents separated when he was 14 years old. His mother subsequently wed a local painter, Fred Fare brother, who proved to be a loving and supportive stepfather. Elton, his mother, and stepfather moved into an apartment where he continued to reside even when he had four albums in the Top 40 in the United States. His stepfather helped 15-year-old Reginald secure a weekend piano engagement at a nearby establishment. He and his friends established the band Blues ology in 1966. During this same period, he adopted the moniker Elton John. It was a tribute to blues icons Elton Dean and Long John Baldry.
During this period, Elton met the musician Bernie Taupin. They would eventually collaborate on over 30 albums that would sell over 300 million copies.
- Has sold 300 million albums internationally
- Earns $80 million every year when on tour.
- Makes $500,000 per night in Las Vegas
- Paid $2 million a month in the 1990s.
- Owns between $100 and $200 million in art
- Real estate holdings valued at $50 million.
Rise to Success & Fame
1969 and 1970 saw the publication of Elton John’s debut albums, Empty Sky and Elton John, respectively. Between 1972 and 1975, he had seven straight chart-topping albums.
1973 saw the establishment of his own record company, Rocket Record Company, which published recordings by Neil Sedaka.
Rather than releasing his own music on his own label, he negotiated a $8 million contract with MCA. Inflation-adjusted, this is equivalent to almost $40 million.
Throughout the 1980s, Elton delivered successful albums. In 1992, he and Taupin inked a $39 million, twelve-year contract with Warner Bros. Records.
Prior to that time, it was the largest financial advance in the history of music. In 1994, he composed the music for the Disney animated film The Lion King, which won a Grammy for Best Song and was certified “diamond” in 1999 for selling 15 million copies.
John re-released his 1973 classic “Candle in the Wind” in 1997 as a response to the loss of Princess Diana of Wales.
This rendition from 1997 became the best-selling hit in the history of music and earned John his lone Grammy for Best Male Pop Recording. John is still touring, composing for the stage, and releasing albums that are best-sellers.
Elton John’s Personal Life
From 1984 to 1988, he was married to German recording engineer Renata Blauel. Since 1993, when he came out in the closet, he has been in a relationship with director David Furnish, and in 2005, the two entered into a civil partnership.
Elton is consistently one of the world’s highest-paid artists. Elton John earned $45 million between June 2017 and June 2018.
Between 2011 to 2018, Elton performed a residency in Las Vegas titled The Million Dollar Piano. He arranged an arrangement in which he would receive 88% of the door receipts for every performance.
This equaled to almost $500,000 each performance for Elton.
Elton John’s Accomplishments
In 2000, Elton’s net worth was “just” $100 million. At this stage in his life, he was widely recognised as a wasteful spender. He would eventually admit to spending approximately $40 million during the late 1990s, or $2 million per month.
During a single six-month period in 1996, he spent almost $12 million on residences and $500,000 on flowers, for example.
He acquired an automobile collection worthy of a museum. In June 2001, he sold twenty automobiles he had never driven. His sale included a 1993 Jaguar for $300,000, as well as Ferraris, Bentleys, and Rolls Royces.
In 2009, when we included Elton John to CelebrityNetWorth for the first time, his personal worth was valued at $265 million.
In 2011, sales surpassed $240 million. In 2013, we increase his net worth to $300 million. By 2020, the value of his assets had increased to the point where he was worth a total of $500 million.
Elton John’s Art Exhibition
Elton is recognized as one of the world’s most astute celebrity art collectors. His art collection could potentially be worth $200 million if the market conditions were favorable.
His collection include works by Mapplethorpe, Warhol, Basquiat, Haring, Damien Hirst, among others. Elton sold seventy images from his collection for $900,000 in 2004. His collection of photographs is one of the largest in the world.
Real Estate Owned By Elton John
For many years, Elton’s primary residence has been a big mansion named Woodside in Old Windsor, Berkshire, England. The 37-acre Woodside estate dates back to the 1750s.
In 1974, Elton paid 400 thousand pounds for the property, which is equivalent to approximately $5 million USD today after adjusting for inflation and currency fluctuations.
As previously indicated, he was still mostly living with his mother and stepfather in their little apartment at the time. In 1988, he auctioned off the entire contents of the home for $8 million.
He then began renovating and redecorating the entire property. Additionally, Elton owns residences in Atlanta, Los Angeles, Nice, London, and Venice.
In October 2015, he purchased his Beverly Hills mansion for $33 million. The residence was custom-built in 2001 on a nearly 20-acre gated property for the previous owner, Guess co-founder Armand Marciano.
At one point (before to Elton), it was listed at $63 million. The main residence is 25,000 square feet and has a basement garage for 11 cars, a screening room, wine cellar, fitness centre, and much more.
In 2012, he purchased a property in the vicinity for $7.2 million. In September 2021, Elton paid $8,500,000 for the adjacent half-acre property. His Atlanta residence is a duplex penthouse measuring 12,000 square feet.
What is the net worth of Elton John?
Elton John is an incredibly well-known and successful British singer, pianist, composer, and songwriter. At the time of writing, Elton John is worth $500 million.
Elton John is among the most commercially successful musicians in history. He has sold over 300 million albums worldwide to date.
This makes him the sixth best-selling musical artist in the modern era, after Madonna, Michael Jackson, Elvis, and The Beatles. He routinely ranks among the world’s highest-paid celebrities.
Elton can easily generate over $80 million in a touring year with his multiple ventures.