Elton John Net Worth is Falling Rapidly Now-A-Days!
In addition to his many other talents, Elton John is well-known and successful across the world as a singer, composer, pianist, and lyricist. He has a net worth of around $500 million at current time. Elton John has sold more than 100 million records worldwide, making him one of the most successful artists of all time.
More than 300 million albums have been sold to date in over 100 countries. He’s the fifth-highest-earning musician in current history, after Madonna, Michael Jackson, Elvis Presley, and The Beatles. According to Forbes, he is one of the world’s highest-paid celebrities. Elton John may easily earn more than $80 million from his various pursuits in a single year of touring.
Elton John As a child
On March 25, 1947, in the English county of Middlesex, Elton John was given the name Reginald Dwight. On a piano his grandmother had given him, he began playing at the tender age of three. A scholarship at the Royal Academy of Music in London came his way at the age of eleven, and he began his official training at the age of seven.
When his father, a former military commander, tried to encourage him to go into finance, it failed. During the time he was a teenager, his parents divorced. Fred Farebrother, a local painter, became a caring and supportive stepfather to him and his siblings after his mother married him.
Even though he had four albums in the top 40 of the US album chart at the time, Elton and his family moved into an apartment with his mother and stepfather. When Reginald was 15, his stepfather helped him get a weekend piano gig at a local piano.
As part of the band Bluesology, he and a few friends formed in 1966. Elton John’s stage name was chosen during this period. An Elton Dean tribute band was formed in honour of Elton Dean and Long John Baldry, two blues legends.
Bernie Taupin was introduced to Elton about this period. After 30 albums, the duo sold more than 300 million copies throughout the world during their tenure as a duo
Ascend to Greatness
Elton John’s first two studio albums, Empty Sky and Elton John, came out in 1969 and 1970, respectively, and marked the start of his career. He had seven consecutive albums at the top of the charts from 1972 and 1975.
He started his own record label in 1973, The Rocket Record Company, which issued Neil Sedaka’s recordings. With a $8 million deal with MCA Records, he decided to forsake the opportunity to release his own music. After adjusting for inflation, this amounts to about $40 million.
Warner Bros. Records paid Elton and Taupin $39 million for a 12-year recording deal in the 1980s after their albums were commercial successes. It was the biggest monetary gain in music’s history up to that moment.
A Grammy Award for Best Song and a “diamond” distinction were bestowed to him in 1999 for selling fifteen million copies of the soundtrack to the Disney animated feature The Lion King. The long-out-of-print 1973 classic “Candle in the Wind” was reissued by John after the death of Princess Diana in 1997.
It was released in 1997 and became the most popular track in the history of recorded music, earning John his only Grammy Award for Best Male Pop Recording. He’s currently on the road, performing, writing music for the stage, and putting out hit albums.
Life at Home
He married Renata Blauel, a German recording engineer, in 1984 and had two daughters with her. It wasn’t until 1993 that he first came out of the closet and began a relationship with director David Furnish that he married him in 2005.
Elton John Net Worth:
According to Forbes, Elton John’s fortune in 2000 was “just” $100 million. His reputation as a squanderer was well-known at this period of time. During the late 1990s, he would admit to spending $2 million a month, totaling over $40 million over the decade.
In 1996, he spent more than $12 million on homes and half a million dollars on flowers in only six months. One of the world’s most impressive automotive collections is in his possession. He sold 20 cars in June 2001, all of which he had never even touched. Among the high-end vehicles he sold were a $300,000 1993 Jaguar as well as Ferraris, Bentleys, and Rolls Royces.
Elton John’s personal fortune had increased to $265 million by the time we first listed it in Celebrity Net Worth in 2009. There were more than $240 million in donations by 2011. This year, our goal is for him to be worth $300 million. According to Forbes, by 2020, his holdings had grown in value to the point where he was worth $500 million.
Property
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He has spent the most of his life at Woodside, an estate near Old Windsor, Berkshire that he has called home for many years. One of Woodside’s 37 acres is a family-owned estate that dates back to the 1750s. When Elton bought the home in 1974, he paid 400 thousand pounds, which is equivalent to almost $5 million in today’s money.
According to his mother and stepfather’s prior statements, he was still mostly living with them in their little apartment at the time of the event. In 1988, he was able to recoup $8 million in auction proceeds by selling the house’s furnishings as is. Soon after that, he proceeded to remodel and furnish the entire house.
In addition to his home in Los Angeles, Elton owns houses in Atlanta, Nice, London, and Venice.
Located in Beverly Hills, California, the property was acquired in October 2015 for $33 million. Armand Marciano, co-founder of Guess and former owner of the house, had it custom built in 2001 and it now lies on around 20 acres of secure grounds.
Before Elton bought it, it was on the market for $63 million. The primary residence is 25,000 square feet in size and has an 11-car subterranean garage, a screening room, a wine cellar, a gym, and various other facilities….
In addition to his flat, he owns a $7.2 million home in the same area. Elton bought the adjacent half-acre lot for $8.5 million in September 2021.
