Sir Elton John's Net Worth Really Does Make Him a "Rocketman"

Jamie Lerner - Author

Jan. 30 2024, Published 10:36 p.m. ET

 Sir Elton John performs during Fashion Cares: A Night Of Glitter & Light Featuring Elton John at Sony Centre For Performing Arts on Sept. 9, 2012
Source: Getty Images

At 76 years old, Sir Elton John is as famous and talented as ever. One of the world’s most well-known musicians, Elton rose to fame thanks to his adept skill on the piano coupled with his eccentric stage persona. In 2019, Taron Egerton starred as Elton in the much-talked-about biopic, Rocketman, heightening Elton’s reputation even more.

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But it’s not just his reputation that’s high up — Elton’s net worth is one of the largest in the industry. His final tour, Farewell Yellow Brick Road, was the highest-grossing concert tour of all time. Now, it has been reported that he’ll appear in a duet with late singer Glen Campbell in a posthumous album called Glen Campbell Duets — Ghost on the Canvas Sessions. With all of this under his belt, what is Elton John’s net worth?

Sir Elton John performing on Dec. 1, 1973
Source: Getty Images
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Sir Elton John has an estimated net worth of $650 million.

While he may not have reached Taylor Swift’s billionaire status, Elton still has more than enough money. He has amassed his wealth through a variety of channels from selling albums, winning awards, touring, producing music and theater, and more. Elton has sold over 300 million albums, which makes him the fifth best-selling musical artist of all time behind Madonna, Michael Jackson, Elvis Presley, and the Beatles. That’s a pretty solid list of famous folks!

His farewell tour grossed $940 million, the most of any tour with over 330 shows, although analysts expect Taylor Swift’s Eras Tour to surpass this. He has also won five Grammys, an Oscar, two Golden Globes, a Tony Award, and in January 2024, he won an Emmy for Outstanding Variety Special for Elton John Live: Farewell from Dodger Stadium.

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Elton John

Singer, pianist, and composer

Net worth: $650 Million

Sir Elton John is a singer and musician known for his hit singles such as "Your Song" and "Candle in the Wind," in addition to his abundant touring and composing career.

Birth Name: Reginald Kenneth Dwight

Birth Place: Pinner, Middlesex, England

Birth Date: March 25, 1947

Mother: Sheila Eileen (née Harris)

Father: Stanley Dwight

Spouse: Renate Blauel (m. 1984–1988), David Furnish (m. 2005, 2014)

Children: Zachary Jackson Furnish-John (b. 2010), Elijah Joseph Daniel Furnish-John (b. 2013)

Education: Royal Academy of Music

Elton started his career after meeting and collaborating with songwriter Bernie Taupin. His first album, Empty Sky, was released in 1969, and by 1975, seven consecutive albums had topped the charts. He then signed an $8 million deal with MCA Records even though he started his own record label, The Rocket Record Company, in 1973, which released Neil Sedaka’s albums.

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In 1992, Elton and Bernie signed a $39 million deal 12-year contract with Warner Bros. Records, the largest cash advance in history at the time. In 1997, he wrote the music for Disney’s The Lion King, and by the 2000s, he focused on touring.

Sir Elton John and Tim Rice at the 67th Annual Academy Awards on March 27, 1995
Source: Getty Images
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Much of Elton’s net worth is also wrapped up in his art collection, which includes originals from Mapplethorpe, Warhol, Basquiat, and more. According to various sources, he has one of the largest private collections of photography in the world. Elton also has quite a bit of real estate to support his international lifestyle.

In 1974, Elton bought a 37-acre estate in Old Windsor, Berkshire, England, in addition to his homes in Atlanta, Los Angeles, Nice, London, and Venice. In 2015, he bought a Beverly Hills home for $33 million. While he eventually sold his Atlanta penthouse for $14 million in 2023, he bought a Toronto penthouse in 2022 to replace it. Plus, every year since 2004, Elton has opened “Elton’s Shop,” where he sells his secondhand clothes.

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Sir Elton John performing at the Poplar Creek Music Theater in Hoffman Estates, Ill., July 10, 1982.
Source: Getty Images

While Elton was known for his lavish lifestyle, he admitted that at the highest points of his earnings, he was spending over $2 million per month. How someone can spend that we have no idea, but at least he also dedicates his time and resources to philanthropy. He has been outspoken in the fight against AIDS (and the stigma against it) since the late 1980s. Because of his contributions to charity, Queen Elizabeth II gave him a knighthood in 1998.

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