Phil Collins’s net worth is a staggering $300 million, as of May 2024.
As per the sources, Collins’s salary is close to $24 million per year.
The musician made the majority of his fortune through his successful music career with Genesis.
The record-setter musician Collins could earn at least $50 million in revenue in a touring year alone.
To demonstrate, the band reportedly generated no less than $90 millionNot Dead Yet tour. Similarly, Collins earned a whopping $45 million based on the distribution.
Collins, with his band members, takes home millions of dollars from ticket sales and merchandise as well.
Moreover, he has subsidiary sources of income through sponsorships and brand endorsements.
Precisely speaking, famous artists like Collins are paid millions of dollars over their lifetime for their songs’ royalties.
Divorce Settlement
Collins has paid a huge sum of money for the divorce settlement.
For example, his second divorce from Jill Tavelman in 1996 caused him to pay a whopping $25 million in a settlement.
Also, his third divorce with Orianne Cevey in 2008 caused him to pay $45 million as part of their divorce settlement.
In many ways, this has certainly decreased Collin’s net worth.
Generous Collins is known for his kind gesture to needy people.
Phil and his ex-wife Orianne founded the Little Dreams Foundation in 2000. Collin’s foundation helps to fulfill the dreams of young talents with no financial means whatsoever.
Likewise, the foundation advises and gives training from professionals to children with talent in sports, music, and arts.
Moreover, Collins supports a South African charity organization named The Topsy Foundation.Â
He has donated most of his royalties earned to the welfare of the South African people.
Additionally, Phil donates and supports other philanthropic organizations, including Love Our Children USA, Kidney Research UK, National Literacy Trust, MusiCares, Cats Protection, Topsy Foundation, The Dog You Need,World Smile Foundation, and several more.
Phil Collins | Music and Band
Without question, Collins became famous for being a prominent member of Genesis.
Historically, he started his professional music career as a drummer of a band in 1970.
Likewise, Collins served as a backing vocalist for Peter Gabriel, frontman at the time.
They together officially released two lead songs, 1971’s For Absent Friends and 1973’s More Fool Me.
After the departure of Gabriel, Collins became the band’s lead vocalist.
The band’s most successful albums include A Trick of the Tail, And Then There Were Three, Duke, Abacab, Genesis, We Can’t Dance, and Invisible Touch.
Moreover, Collin had a very successful solo recording career. He left Genesis in March 1996 to focus on his own solo music.
He released his sixth solo studio album, Dance into the Light, in October 1996, which reached #4 in the UK and #23 on the US charts.
Furthermore, Collins wrote and composed songs for Disney.
His track You’ll Be in My Heart hit the #1 spot on Billboard Adult Contemporary chart for 19 weeks, the longest time a single track had spent in that spot.
Collins won the prestigious Academy Award and Golden Globe Award for Best Original Song.
Phil Collins | Career
Collins started his music career by taking drumming sessions as a child. This can be considered his first step toward music.
A few of his solo albums include Face Value, Hello, I Must Be Going!, No Jacket Required, Both Sides, and more.
Additionally, Phil became a member of a few bands, including the Phil Collins Big Band. This band toured around performing Collin’s own jazzy tunes.
Phil Collins Gave his Farewell Speech (Image Source: Pinterest)
Additionally, he signed a deal to rerelease all of his solo albums with Warner Music Group. Â
Also, Collins released his autobiography titled Not Dead Yet in 2016.
Yet, he remained busy touring for his solo act and also with Genesis (reunion tours). Collins even received Disney Legend Award for his musical collaboration with Disney.
As mentioned earlier, Phil Collins’s net worth is $300 million as of this writing.
Three Facts About Phil Collins
Phil Collins never learned conventional musical notations as an artist. In fact, he came up with a system and used it as an artist to produce music.
He is an avid soccer fan and supports Tottenham Hotspur.
Phil worked on Eric Clapton’s Album Behind The Sun and produced a few songs.
FAQs
Is Phil Collins a deaf musician?
Yes, Collins experienced sudden hearing loss while he was recording in the States.
Who was Phil Collins’s early influencer?
His early influencers were The Beatles, including their drummer Ringo Starr.
Why did Phil Collins quit music?
Collins quit the music industry mainly due to health issues and growing age.
Is Phil Collins the richest member of Genesis?
Yes, he is the richest member of Genesis and one of the best-selling artist of all time. Phil Collins’s net worth sits at $300 million as of this writing.
