We look at the net worth of Elton John.
Elton John is a successful and celebrated pianist, composer, musician, and singer songwriter from the United Kingdom. He is often referred to as the “Rocket Man” after his 1972 hit single of the same name.
Elton was knighted by Queen Elizabeth II on 24 February 1998 for his charitable work. He has also been appointed as a Commander of the Order of the British Empire in 1995 and a Member of the Order of the Companions of Honour in 1975.
Elton John’s full name and title is, Sir Elton Hercules John CH CBE
What is the Net Worth of Elton John?
Elton John has an estimated net worth of $500 million.
Elton John is one of the most commercially successful musicians of all time. As of now, he has sold over 300 million albums globally.
Elton John has released 31 albums since 1969 and the number of albums he has sold makes him rank among the top 5 best-selling musicians in the modern generation. He only ranks behind Madonna, Michael Jackson, Elvis and The Beatles who have sold more albums.
He generated a cool $85 million from his multiple endeavours between June 2018 and June 2019.
Elton John Early Life
Elton John was born Reginald Kenneth Dwight on 25 March 1947, in Middlesex, UK.
He started playing the piano at the age of three. At seven, he began formal lessons and won a scholarship at age eleven to join London’s Royal Academy of Music.
His father didn’t want him to have a musical career, instead, he wanted him to have a career in banking.
In 1966, he and his friends formed a band known as Bluesology. During his time in the band, he nicknamed himself Elton John, his current stage name. In addition, he began to collaborate with one of the best songwriters ever, Bernie Taupin.
Becoming a Superstar
Elton released his first albums in 1969 and he had seven albums top the charts between 1972 and 1975.
Instead of releasing music on his own label, he opted to sign up with MCA for $8 million.
in 1992 John and Taupin signed a contract with Warner Bros for $39 million. What’s more, he released the theme song for the famous Disney animated movie, The Lion King.
How Elton Acquired His Net Worth
In 2000, John was worth $100 million. During this time however, he was known to be a spendthrift. He even admitted that in the late 90s, he could spend a whopping $2 million a month. For instance, in 1996, John said that he spent roughly $12 million on homes and $0.5 million on flowers. What’s more, he bought several luxurious vehicles.
He sold some vehicles that he had never driven. These included prestige brands such as Bentleys, Jaguars, Rolls Royces and Ferraris. By 2009, his net worth stood at $265 million.
Since he entered the music world in the 1960s, Elton John has grown to become one of the world’s most celebrated artists. He has also collaborated in the film Rocketman, where he describes his musical journey. The release of this film has played a massive role in increasing his earnings and his overall net worth.
Elton John’s Art Collection
Elton John is one of the savviest artist art collectors in the world. Indeed, his art collection may be worth more than $200 million in the current market. This collection includes several pieces by Warhol, Mapplethorpe, Haring, Damien Hirst and Basquiat.
He received $900,000 in 2004 after selling a couple of photographs from his collection. Elton boasts one of the largest photography collections in the world.
Elton John’s Real Estate Portfolio
For many years, his primary home has been a large estate known as Woodside in Old Windsor, Berkshire, UK. He acquired this property back in 1974.
John has other homes in Los Angeles, Atlanta, Venice, London and Nice. In 2015, he bought his Beverly Hills estate for $33 million. Additionally, he has a home in a nearby area that he acquired for $7.2 million in 2012.
Outside of Music
Elton John is a prominent HIV/AIDS charity fundraiser and has been involved in the fight against AIDS since the late 1980s. In 1992 Elton established the Elton John AIDS Foundation, it has since gone on to raise over $600 million to support HIV related programs in fifty-five countries.
Elton is an avid football fan and lifelong supporter of Watford Football Club. He became the chairman and director of the club in 1976. Although no longer a major shareholder, John still holds a significant financial interest in the football club and remains as it’s President.
The net worth of Elton John has been estimated to be $500 million.
This sum has been calculated from his earnings from music, film rights, art collection and real estate portfolio.
You may also enjoy our Global Rich List feature.