Net Worth: $650 Million
What Is Elton John’s Net Worth?
DURAOFOTO / depositphotos.comBritish singer Elton John’s net worth has already reached an estimated $650 million in early 2024. The singer-songwriter is one of the most commercially successful musicians on the planet, having sold more than 300 million albums worldwide. The only artists to sell more albums are Michael Jackson, Madonna, Elvis, and The Beatles.
From massive album sales to sold-out concert tours that have earned more than $1 billion, Elton John has proven to be a top-earning artist for decades.
Here’s how Elton John’s net worth has passed the half-billion-dollar milestone during his incredible career.
Elton John’s Tours Have Earned Over $1 Billion
Featureflash / depositphotos.comWhile Elton John has been touring for decades, it wasn’t until the “Farewell Yellow Brick Road” tour from 2018 to 2023 that any of his tour revenues were revealed. According to Billboard, the tour grossed an incredible $939.1 million.
Nearly six million people attended Elton John’s final tour, including 330 shows. Based on those numbers, Elton John was grossing just under $3 million for each appearance.
While info on Elton John’s tour revenue is limited, we do have info on two of his very popular Las Vegas residencies.
The Red Piano Tour (2004-2009): This tour, which ran from 2004 to 2009, was based at the Colosseum at Caesars Palace in Las Vegas. The revenue from this tour is estimated to be over $169 million.
The Million Dollar Piano Residency (2011-2018): Another Las Vegas residency, this show ran from 2011 to 2018 at The Colosseum at Caesars Palace. The revenue from this residency is estimated to be over $131 million.
For his residency between 2011 to 2018, Elton John negotiated a contract that guaranteed him 88% of door revenues for every show. Based on the reported numbers, he earned around $500,000 per show.
Elton John’s Album Sales Have Added Millions To His Net Worth
vkaganovich / depositphotos.comElton John’s career achievements are unparalleled in their scope and endurance. He stands as one of the best-selling solo artists in history, boasting one diamond, 40 platinum or multi-platinum, and 23 gold albums, along with over 50 Top 40 hits and more than 300 million records sold worldwide.
His single “Candle in the Wind 1997” holds the record for the biggest-selling single of all time, with over 33 million copies sold. In November 2017, his Ultimate Greatest Hits album “Diamonds” reached the Top 5 of the UK album charts, marking his 40th UK Top 40 album and celebrating 50 years of his songwriting partnership with Bernie Taupin.
In August 2018, Elton John was named the most successful male solo artist in Billboard Hot 100 chart history, with 67 entries, including nine No. 1s and 27 Top 10s.
If we estimate an average profit of $10 per album, Elton John’s work has generated more than $3 billion in album sales. Even a modest 10% royalty would equal $300 million before taxes, management fees, and other expenses.
Elton John Is Big On Spotify
mazzzur / depositphotos.comElton John started releasing music decades before the internet went mainstream; still, his music on streaming services has showcased his ability to withstand the test of time.
According to Spotify tracking service Kworb, Elton John’s music has racked up more than 13 billion streams.
| Total | As Lead | Solo | As Feature | |
|---|---|---|---|---|
| Streams | 13,034,499,351 | 11,734,686,405 | 8,205,001,656 | 1,299,812,946 |
| Daily | 8,020,408 | 7,608,626 | 5,034,427 | 411,782 |
| Tracks | 767 | 712 | 610 | 55 |
Industry experts estimate that Spotify pays between $0.003 and $.005 per stream or around $3 million to $5 million for every one billion streams on the platform.
Based on those numbers, Elton John’s music has generated around $39 million to $56 million.
While Elton John’s net worth would only increase by a small margin from his Spotify success, it has likely added millions to his bottom line.
Throw in Apple Music, Amazon Music, Tidal, Pandora, and YouTube streams, among other platforms, and Elton John’s fortune continues to grow in 2024 and will likely continue on its current path well into the future.
Between continued album sales and his streaming success, Marca estimates that Elton John’s net worth improves by $25.5 million every year just from royalties.
Elton John Is Also A Successful Movie Producer
Sir Elton John has been working with Hollywood for decades. Teaming up with his long-time music writing partner Tim Rice, Elton John wrote the incredibly successful soundtrack for Disney’s “Lion King.” For his efforts, he won an Oscar and Golden Globe for Best Music thanks to “Can You Feel the Love Tonight.” That same year, he also received two other nominations for songs from the film.
Elton John also served as an executive producer on the film “Rocketman” and he has at least 10 other producer credits.
For Rocketman, it wasn’t a money play for the singer-songwriter, instead, he revealed that he wanted to ensure his fans were given a transparent look into his life.
Elton John Earned $46 Million In 2018
palinchak / depositphotos.comAt the start of his Farewell tour, Elton John landed again on Forbes’ top 100 celebrity earnings list after earning $46 million in 2018.
Elton John’s net worth from 2014 to 2024 has grown by approximately $200 million. In 2014, CNN Business named the singer as one of the top 10 richest musicians of all time with an estimated fortune of $450 million.
Elton John Has Endorsed Various Products Over His Career
Throughout his career, Elton John has endorsed various products that have likely earned him millions of dollars, including work with Coca-Cola and Pepsi, Yamaha Pianos, Saks Fifth Avenue, and more.
What we find most impressive is that these efforts weren’t just sought out to increase Elton John’s net worth he has donated much of his endorsement earnings to help fight HIV and Aids.
Here’s a list of some of Elton John’s biggest endorsement deals:
Diet Coke: Elton John’s 1988 Diet Coke commercial became iconic, featuring him glamorously playing the piano at a lively neighborhood party.
Pepsi: Elton John has also partnered with Pepsi, using his image and music to promote the popular soft drink. He even appeared in a popular Super Bowl commercial that we posted above.
Yamaha Pianos: Renowned pianist Elton John has endorsed Yamaha pianos, highlighting their quality and exceptional sound.
Johnnie Walker: Elton John collaborated with Johnnie Walker on their “Keep Walking” campaign, even co-designing a limited edition bottle with his signature.
Saks Fifth Avenue: In 2022, Elton John created a holiday collection with Saks Fifth Avenue, with proceeds benefiting the Elton John AIDS Foundation.
Charlotte Tilbury: Makeup brand Charlotte Tilbury is an official partner of the Elton John AIDS Foundation.
Tateossian: Jewelry brand Tateossian donates a portion of proceeds from their Elton John-inspired “Pill Collection” to the Elton John AIDS Foundation.
Elton John’s net worth in 2024 is an impressive $650 million, and what’s equally impressive is that a majority of his fortune has come from his music and not from other outside ventures, a rarity in today’s entertainment industry where celebrities attempt to build their fortune by launching products and services they can sell to their fans.
