Net Worth of Elton John: A Musical Legend for The Ages - Growth Freaks

Net Worth of Elton John: A Musical Legend for The Ages

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Elton John is one of the most successful and prolific artists of the 21st century. His net worth and list of achievements are a direct reflection of his creativity and success as a musician. Curious about Elton John’s net worth? Find out everything you need to know here. 

Only a select few artists have had an influence that is comparable to what Elton John has achieved over his outstanding career that started in the 60s. Among his significant achievements, we can count more than fifty songs in the Top 40, a record-breaking single with more than 33 million copies sold, and his status of Commander of the Order of the British Empire.

What is Elton John’s Net Worth?

There are no exact numbers for Elton John's net worth since the ‘Crocodile Rock’ singer is a private person when it comes to his wealth. However, some sources estimate his net worth at no less than $500 million. Other sources have a more moderate estimate of $480 million.

His wealth comes from an incredible career as a top-selling musical artist. With 38 gold records and more than 300 million records sold worldwide, Elton John's artistic success has resulted in a steady stream of revenues.

Besides record sales, Elton John is one of the most successful live performers of all times. He is currently on the road for his retirement tour, titled ‘Farewell Yellow Brick Road.’ John has stated that he wants to stop traveling after this farewell tour, but it’s unclear if he will completely retire from composing and recording music.

The 60 shows of the tour sold out within hours, and these shows could generate more than $400 million. It’s possible that this farewell tour alone will significantly increase Elton John net worth.

The upcoming biopic Rocketman could also impact his net worth. The movie will premiere in May 2019 and has a budget of $40 million. John is one of the producers of the film and could see his net worth increase if Rocketman is a box office success. It’s also possible that the movie could have a positive impact on sales and streaming by introducing a new generation of fans to the classic hits that established John as one of the most influential artists of all times.

Elton John also owns a management company called Rocket Entertainment. This company manages artists and athletes and will continue bringing in revenues even if John were to retire from making music.

How Did Elton John Get into Music?

Reginald Dwight was born in England in 1947. He learned piano as a child and became a student at the Royal Academy of Music where he honed his skills as a piano player. However, Dwight never graduated from the academy and quit before the end of his final year.

He formed the band Bluesology in 1962. Dwight met Bernie Taupin in 1967 and started collaborating with him to write songs, a collaboration that would last for several decades. Dwight adopted Elton John as a stage name in the late 60s. 

John found work as a pub pianist before becoming a session musician and a songwriter for other artists. He recorded his first album, Empty Sky, in 1969 and met his first big success with the 1970 single ‘Your Song.’ His second album, Elton John, became his first top 10 hit in 1970.

Which Songs Established Elton John as a Musical Legend?

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Elton John quickly established himself as an influential artist with his unique blend of rock and pop music. The lyrics written by Taupin and John’s versatile vocal range contributed to the success of his music.

During the 1970s, John had a streak of seven consecutive albums that became number one hits in the US charts. This impressive feat helped him achieve a consistent presence on the musical scene.

The British invasion of the 1960s helped pave the way of John’s success. As a new sound took over the American airways, rock ‘n’ roll slowly diminished in popularity and pop music became more prominent. Ironically, John’s US Billboard number one hit ‘Crocodile Rock’ is about nostalgia for this bygone era and pays tribute to 50s rock.

The Goodbye Yellow Brick Road album came out in 1973 helped cement John’s style with classic tracks such as ‘Candle In The Wind,’ ‘Goodbye Yellow Brick Road,’ or ‘Bennie & The Jets.’

The 1970s also saw the rise of Elton John as a first-rate performer with packed live shows where he would don extravagant costumes. These costumes combined with John’s status as a virtuoso piano player earned him comparisons with Liberace, one of John’s influences.

In 1976, John’s duet with Kiki Dee ‘Don’t Go Breaking My Heart’ became a number one song on the US Billboard Hot 100 and topped the UK singles charts. The song also became a number one hit in Canada, Australia, France, Ireland, and New Zealand.

Elton John seemed to go through a few rough patches during the 1980s, both from a personal and professional point of view. In spite of his struggles with drugs, alcohol, and his sexuality, John recorded two hits with ‘I’m Still Standing’ and ‘That’s What Friends Are For.’ 

John coming out as bisexual in 1976 hurt his career, and the release of a disco album in 1979 made him seem irrelevant as new age bands were taking center stage. The 1980s saw Elton John introduce synthesizers in his work and compose more three-chord songs. The musician also embraced the MTV era and started creating music videos to go along with his songs.

In 1994, John worked with Tim Rice on the songs that appeared in Disney’s The Lion King. ‘Can You Feel The Love Tonight’ earned John an Academy Award.

In 1997, John performed his hit single ‘Candle In The Wind’ during Princess Diana’s funeral. This new version of the hit single became a worldwide success with more than 33 million copies sold. It broke records in the UK and US charts that still haven’t been topped.

In 2005, John wrote music for Billy Elliot The Musical and added musical theatre to the list of his accomplishments.

Awards and Achievements

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You already know that Elton John net worth could amount to as much as $400 million, but the best way to measure an artist's value and influence is to look at the awards he or she received.

John has earned an impressive number of awards in several categories. Very few artists have a comparable list of awards and achievements.

Elton John has dominated the charts for most of his career. Here are a few numbers about his best-selling albums and singles:

  • The Lion King soundtrack, Elton John’s Greatest Hits, and The Very Best of Elton John became diamond albums with more than ten million units sold.
  • Elton John has had a total of 26 gold albums. An album needs to sell more than 500,000 units to achieve gold status.
  • John has also had 38 platinum status. An album needs to sell more than one million units to achieve this status.
  • ‘Candle In The Wind 1997’ is still the highest-selling single of all times.

Elton John has performed at over 4,000 live shows in 80 different countries. He was one of the first Western artists to play in the USSR and Israel.

He made history by being the first solo artist to top the US chart. He is still the third most successful artist in the US charts behind Madonna and the Beatles.

Three of his albums are in the Grammy Hall of Fame. He has received a total of 11 Grammy nominations and earned the Grammy Legend Award in 2001.

He won an Academy Award in 1995 and has a total of three Oscar nominations. He also won a Tony Award and Billy Elliot The Musical won a total of ten Tony Awards, including the prestigious Best Musical Award.

The Songwriters Hall of Fame has inducted Elton John as well as his collaborator Bernie Taupin, and John has won a Best British Male Artist BRIT Award.

In 1998, John became Sir Elton John when the Queen knighted him as Commander of the Order of the British Empire for his success as a musical artist and work with AIDS charities. John considers this title to be his most significant achievement.

Work With Charities

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Elton John has helped several charities throughout his career. He often performs at fundraisers and works hard to raise awareness of different causes.

In 1992, John created the Elton John AIDS Foundation. Every year, the foundation hosts a prestigious ball to raise money. John created the foundation after losing close friends to HIV and AIDS. The foundation supports programs in 55 different countries. Some programs support research while others make treatments more accessible.

The ‘Goodbye Yellow Brick Road’ singer also supports several non-profit organizations for causes such as cancer research, environment protection, and scholarship funds for artists.

Elton John and Fashion

Elton John’s extravagant stage outfits have become an integral part of his style. The flashy costumes often feature feathers, colorful fabrics, rhinestones, and an elaborate pair of glasses usually completes the outfit.

John started wearing stage clothes during his first shows in the UK in 1968 and made colorful outfits an integral part of his live performances during his first performances in the US in 1970. Some of the first stage outfits that John wore were colorful denim overalls.

The Mr. Freedom boutique in London started creating some outfits for John’s performances in the early 1970s. Eventually, John would hire a professional costumer to create his outfits.

Some of the professional costumers who have worked on his stage outfits include Annie Reavey, Bob Mackie, Bill Whiten, and Tommy Nutter. Bob Mackie created some of the most emblematic costumes of John’s career, including the iconic sequined baseball uniform and the Donald Duck outfit.

In 1992, Gianni Versace designed stage sets and outfits for Elton John’s tour. Yohji Yamamoto designed most of John’s costumes between 2003 and 2010.

Gucci is currently collaborating with Elton John for his farewell tour. Gucci designed some costumes for this tour and is releasing some fashion items inspired by Elton John’s iconic style.

Fun Facts About Elton John

Are you an Elton John fan? Test your knowledge with these fun facts.

Where Does The Name Elton John Come From?

What is Elton John’s Middle Name?

How Did Elton John Meet Bernie Taupin?

Is Elton John Married?

Did Elton John Ever Meet Freddie Mercury?

Did Elton John Ever Meet John Lennon?

What Are Some of Elton John’s Most Well-Known Musical Collaborations?

Author: Jon Stahl