Elton John Net Worth (Money & Salary)
Elton John Net Worth (Money & Salary)
January 8, 2025
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Elton John’s Net Worth: $650 Million
Elton John, the highly popular and successful British singer, composer, pianist, and songwriter, boasts a net worth of $650 million. He is recognized as one of the most commercially successful artists globally, with over 300 million albums sold worldwide. Elton John holds the fifth position in the list of best-selling musical artists, following Madonna, Michael Jackson, Elvis, and The Beatles. He consistently ranks among the highest-paid celebrities worldwide.
During touring seasons, Elton can easily earn over $80 million annually from his various projects. His “Farewell Yellow Brick Road” tour currently holds the distinction of being the second highest-grossing concert tour ever, generating $940 million between 2018 and 2023 across 330 shows. Although Taylor Swift’s “The Eras Tour” later surpassed this record, it’s worth noting that Taylor’s average gross per concert of $14 million significantly exceeds Elton’s $2.85 million average.
Sir Elton John is the recipient of numerous prestigious music awards. His song “Candle in the Wind” stands as the best-selling single in the histories of both UK and US singles charts. He has achieved 50 songs in the Top 40, with nine reaching the No. 1 spot, and has secured seven consecutive #1 albums. On January 15, 2024, Elton attained “EGOT” status by winning an Emmy for Outstanding Variety Special, adding to his collection of five Grammys, an Oscar, two Golden Globes, and a Tony Award. His EGOT status places him as the 19th individual ever to reach this achievement. Elton John is the most successful solo artist on the US Billboard charts and the first solo artist with UK Top 10 singles spanning six decades.
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Early Life
Born Reginald Dwight on March 25, 1947, in Middlesex, England, Elton John exhibited his musical talent early on by playing the piano at age three on his grandmother’s piano. He commenced formal lessons at seven and earned a scholarship to London’s Royal Academy of Music at eleven. Despite his father’s push towards a traditional banking career, Elton’s parents’ divorce at 14 changed his path. His subsequent stepfather, Fred Farebrother, a supportive figure, influenced his journey. Elton, along with his mother and stepfather, resided in an apartment he continued to call home even when achieving success in the US charts with four Top 40 albums. Aged 15, his stepfather secured a weekend gig for him playing piano at a local venue.
In 1966, Elton joined forces with friends to establish the band Bluesology, adopting the name Elton John around the same period as a tribute to blues icons Elton Dean and Long John Baldry.
During this time frame, he connected with songwriter Bernie Taupin, initiating a partnership that produced over 30 albums, selling more than 300 million copies.
Rise to Success
Elton John’s musical journey commenced with the release of his inaugural albums, “Empty Sky” in 1969 and “Elton John” in 1970. He achieved a remarkable streak with seven consecutive chart-topping albums between 1972 and 1975. The establishment of his record label, The Rocket Record Company, in 1973 led to the release of Neil Sedaka’s albums. Curiously, Elton opted not to release his own music on his label, instead securing an $8 million deal with MCA, equivalent to about $40 million adjusted for inflation.
Throughout the 1980s, Elton maintained a string of successful album releases. In 1992, he and Taupin signed a groundbreaking twelve-year, $39 million contract with Warner Bros. Records, marking the biggest cash advance in music history at that time. His music composition for the Disney film “The Lion King” in 1994 garnered a Grammy for Best Song and reached “diamond” certification in 1999 for selling fifteen million copies. In response to Princess Diana’s passing in 1997, Elton re-released his 1973 hit “Candle in the Wind,” which became the best-selling single in history and earned him a Grammy for Best Male Pop Recording. As of 2023, Elton continues to tour, compose for the stage, and release chart-topping albums.
Personal Life
Following his marriage to German recording engineer Renata Blauel from 1984 to 1988, Elton later publicly acknowledged his sexual orientation and has been in a relationship with filmmaker David Furnish since 1993. The couple formalized their bond in a civil partnership in 2005, marrying in December 2014 after the United Kingdom legalized same-sex marriage. They are proud parents of two sons, Zachary Jackson Levon Furnish-John and Elijah Joseph Daniel Furnish-John, born through the same surrogate. In addition, Elton John serves as the godfather to ten individuals.
Highest-Paid Celebrities
Elton consistently dominates the list of highest-earning entertainers globally. Between June 2017 and June 2018, he amassed $45 million in earnings. From 2011 to 2018, Elton’s Las Vegas residency, The Million Dollar Piano, proved lucrative, with a deal granting him 88% of door revenues per show, translating to roughly $500,000 per performance.
His latest tour, Farewell Yellow Brick Road, shattered records as the highest-grossing tour of all time, generating $853 million across 293 shows.
Elton John’s Net Worth Milestones
Elton John’s net worth was “only” $100 million in 2000. During this period, he was known for his extravagant spending habits. He later revealed spending $2 million a month in the late 90s, totaling around $40 million over the period. For instance, in just six months in 1996, he spent over $12 million on homes and half a million dollars on flowers. He amassed a collection of cars that was of museum quality. In June 2001, he sold 20 cars, some of which he had never driven, including a $300,000 1993 Jaguar, Ferraris, Bentleys, and Rolls Royces.
When Elton John was first added to Celebrity Net Worth in 2009, his personal fortune was at $265 million. By 2011, it had surpassed $240 million. His net worth was increased to $300 million in 2013 and by 2020, his assets had grown to a value where he was worth a full half-billion dollars.
Art Collection
Elton John is renowned for being one of the most astute celebrity art collectors globally. His art collection alone could easily be valued at $200 million in the right market. His collection includes works by Mapplethorpe, Warhol, Basquiat, Haring, Damien Hirst, and many others. In 2004, Elton sold 70 photographs from his collection for $900,000. His photography collection is one of the most extensive collections globally.
Real Estate
Since 1974, Elton John has resided in a large estate called Woodside in Old Windsor, Berkshire, England. Woodside is a 37-acre estate dating back to the 1750s. Elton purchased the property in 1974 for 400 thousand pounds, roughly equivalent to around $5 million USD today after inflation and currency adjustments. In 1988, he auctioned off the entire contents of the house for $8 million and proceeded to renovate and refurnish the entire property.
Elton also owns residences in Atlanta, Los Angeles, Nice, London, and Venice.
In October 2015, he acquired his Beverly Hills estate for $33 million. The property spans nearly 20 acres and was custom-built in 2001 for the previous owner, Guess co-founder Armand Marciano. It was previously listed for $63 million before Elton’s purchase. The main house covers 25,000 square feet and features an 11-car underground garage, screening room, wine cellar, gym, and more.
Elton paid $8.5 million for a half-acre property next to his adjacent home in September 2021.
In 1992, Elton bought a 2,500-square-foot penthouse in Atlanta, Georgia. Over the next two decades, he acquired five more units in the building, eventually combining them to create a 13,000-square-foot penthouse. Elton listed the unit for sale at just under $5 million in September 2023. Within a month, he sold it for nearly $14 million.
In 2022, Elton included a Toronto penthouse in his real estate holdings.
Ferrari Testarossa
In 1987, MCA Records gifted the hardworking musician a unique birthday present for his 40th birthday – a red 1987 Ferrari Testarossa. Famous from the original run of “Miami Vice” in 1987, the Ferrari Testarossa was the epitome of cool. Capable of reaching speeds of 180 miles per hour and accelerating from 0-60 in 5.2 seconds, the Ferrari Testarossa was arguably the most iconic car of the 1980s. Elton sold his birthday gift at an auction in 2001, which had only accumulated 12,427 miles by that time.
Data is from 2023 and 2024 and forecast data is for 2025 and 2026. Expanding the forecast data to include 2027 and 2028.
* This information was taken from various sources around the world, including these countries:
Australia, Canada, USA, UK, UAE, India, Pakistan, Philippines, Indonesia, Nigeria, Tanzania, Kenya, US, United Kingdom, United States of America, Malaysia, U.S., South Africa, New Zealand, Turkey, United Arab Emirates.
Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan.
Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi.
Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling Islands), Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote D’Ivoire (Ivory Coast), Croatia (Hrvatska), Cuba, Cyprus, Czech Republic.
Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, Metropolitan, French Guiana, French Polynesia, French Southern Territories.
Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy.
Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, North Korea, South Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg.
Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Myanmar.
Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand (NZ), Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway.
Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe.
Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and South Sandwich Islands, Spain, Sri Lanka, St. Helena, St. Pierre and Miquelon, Sudan, Suriname, Svalbard and Jan Mayen Islands, Swaziland, Sweden, Switzerland, Syria.
Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates (UAE), UK (United Kingdom), USA (United States of America, U.S.), US Minor Outlying Islands.
Uruguay, Uzbekistan, Vanuatu, Vatican City State (Holy See), Venezuela, Vietnam, Virgin Islands (British), Virgin Islands (US), Wallis and Futuna Islands, Western Sahara, Yemen, Yugoslavia, Zaire, Zambia, Zimbabwe.
Elton John Net Worth (Money & Salary)