Sir Elton Hercules John is an English singer, pianist, songwriter, and composer. He is best known as one of the most commercially successful artists of all time.
Elton John is an English musical artist who has an estimated net worth of $500 million as of 2021. All credit goes to his musical career for making this fortune.
|Net Worth||$500 Million|
|Source of Wealth||Musical Career|
|Full Name||Sir Elton Hercules John|
|Occupation||Singer, Songwriter, Composer|
|Education||Royal Academy of Music|
|Date of Birth||March 25, 1947|
|Marital Status||Married (David Furnish, 2014)|
|Children||Elijah Joseph Daniel Furnish-John, Zachary Jackson Levon Furnish-John|
How Did Elton John Acquire His Wealth?
Everyone knows Sir Elton acquired his wealth from music, but not everyone knows how. He got his very first paying job by playing the piano at a pub. He was able to use this to get more gigs at hotels and started his first band.
After collaborating with the lyricist Bernie Taupin in 1969 for his first album Empty Sky, he started seeing massive success. Soon after, his albums between 1972 and ‘75 topped all charts consecutively.
While the exact amount of wealth he earned at this time isn’t disclosed, it can be considered massive since it helped him make his record label called The Rocket Record Company and release albums by Neil Sedaka. He even signed an $8 million deal with MCA at the time.
Sir Elton John had immensely successful albums throughout the 1980s and soon signed a $39 million contract with Warner Bros Records for 12 years of music with his lyricist Bernie Taupin. This was considered the most prominent cash contract in music history at the time.
In 1994, he also signed a contract with Disney to compose the music for the Lion King and won several awards for the role, including an Oscar. In 1997, Sir Elton re-released his Candle in the Wind in response to the death of Princess Diana of Wales.
He also performed at her funeral and was knighted by Queen Elizabeth II the following year. Even today, Elton is one of the highest-paid celebrities on the planet. Between June of 2017 and June of 2018 alone, he made $45 million
To realize the massive scale at which his net worth has grown, searching for Elton John Net Worth on Google 20 years ago would give a total of $100 million. It is very impressive if you consider that at this time, he was a very extravagant spender. Today his net worth has reached $500 million
How Did Elton John Get So Rich?
Sir Elton John has earned his massive net worth thanks to his immensely successful albums throughout his musical career.
How Does Elton John Spend His Money?
Sir Elton has been known as a profligate spender during his early years of being a millionaire. He would spend about $2 million every month during the 1990s and spend approximately $40 million in the late ‘90s alone.
While not all of his purchases were investments, such as spending $500k on flowers alone, he spent $12 million purchasing homes during six months.
Sir Elton also was once the proud owner of an unbelievable collection of cars. In 2001, he sold 20 of those cars which he had never even driven once. The sale included a special edition $300k Jaguar and several Ferraris, Bentleys, and a couple of Rolls Royces.
He is also the proud owner of one of the most prominent celebrity Art Collections, easily worth over $200 million. His pieces include Haring, Basquiat, Warhol, Mapplethorpe, Damien Hirst, and several others. In 2004, he sold 70 photographs from his photography collection for over $900k.
Coming back to real estate, his primary home is in Woodside in Old Windsor, Berkshire, England. It is 37 acres in size and was sold to Elton at an estimated 400 pounds or $5 million if you account for inflation.
He also owns a home in Beverly Hills, which cost him $33 million in 2015. Sir Elton John also has another home near to it, which he bought for $7.2 million.
Sir Elton has also made several contributions towards charity. He supports 64 charities in total. However, some of the most notable ones include his own Elton John AIDS Foundation, AIDS LIFE, American Foundation for AIDS Research, American Foundation for Equal Rights, Food Bank for New York City, and several others.
Elton John’s Early Life
Sir Elton Hercules John was born Reginald Dwight in Middlesex, England, on March 25, 1947. Being a prodigy in music, he started playing the piano from the age of three, but it wasn’t until he turned seven that he began receiving formal lessons.
Thanks to his talent on the piano, he quickly got a scholarship for the Royal Academy of Music at the age of eleven. Despite this, his father often tried to steer Reginald towards a more traditional career path in banking.
When he was 14, his parents divorced, and his mother married Fred Farebrother, who was very caring and supportive of young Reginald. His stepfather helped Reginald get a gig at a local piano when he was 15, which formed his musical career.
Soon after, Reginald got together with some of his friends to form the band Bluesology, and he changed his name to Elton John. However, he kept it to pay respect to musical legends Elton Dean and Long John Baldry. Elton also started collaborating with Bernie Taupin at this time.
Elton John’s Career Highlights
- MTV Movie + TV Awards, Best Movie Song (1995) – nominated
- Grammy Awards, Best Male Pop Vocal Performance (1995) – winner
- Grammy Awards, Best Pop Collaboration with Vocals (2005, 2011) – nominated
- Oscars, Best Original Song (1995) – winner
- Knighted Sir Elton John by Queen Elizabeth II (1998) – services to music and charitable services
How Many Awards has Sir Elton Won?
Sir Elton John has won 27 awards in total and has been nominated for another 71 awards.
Elton John is a famous singer and pianist who has achieved unmatched success in music. He has made a name for himself and also helped several other musicians via his record label. After accounting for all his income and assets over the years, Elton John’s net worth is estimated at $500 million as of 2021.