Introduction   

Michael Flatley is an American-Irish professional dancer and musician with an estimated net worth of $350 Million. 

Flatley is best known for Riverdance, Lord of the Dance, Feet of Flames, and Celtic Tiger Live. In a career spanning nearly five decades, Flatley’s shows have been seen by more than 60 million people in 60 countries and have grossed more than $1 billion.

This profile outlines our research into Michael Flatley’s net worth, earnings history, income sources, and real estate investments.

Quick Facts

• Earned a peak annual income of $54 million in 1997
• Lord of the Dance grossed more than $1 billion in revenue
• Guinness World Record for highest-paid dancer ($1.6 million/week)
• Secured a $40 million insurance policy on his legs
• Filed a $128 million lawsuit against the Riverdance producers (1995)
• Assets include a £60 million estate in Ireland

Earnings History

In the late 1990s and early 2000s, Michael Flatley was among the world’s highest-paid entertainers. He was also featured on the Forbes Top 40 and Celebrity 100 lists several times. Between September 1996 and September 1997, Flatley earned an estimated $54 million. Fast forward to 2004, and he reappeared on the Forbes Celebrity 100 with an estimated annual income of $28 million.

To the best of our knowledge, these are the only times he’s appeared on any such list. Therefore, Flatley earned an estimated $82 million from just two years of his career.

Riverdance Disputes

In the mid 1990s, a couple of years before creating Lord of the Dance, Michael Flatley helped choreograph the original, and now famous, Riverdance act, authored by Bill Whelan. He initially starred in the debut performance at the Eurovision Song Contest in 1994. In February of the following year, the full-length production of Riverdance made its debut.

However, once the show became successful, Flatley found himself in legal disputes with the creators. That same year (1995), he filed a lawsuit against the producers, in which Flatley claimed that his contract entitled him to 20% of the show’s gross revenues. Some reports falsely list the number at 2%, which is incorrect.

Michael alleged he was entitled to 20%, and the show had reportedly generated £400 million ($640 million) in revenue. In other words, he was seeking £80 million ($128 million) from the lawsuit.

The case was settled outside of court four years later in 1999, but the outcome was kept confidential. Thus, we have no idea as to Flatley’s exact financial gain from the lawsuit.

Lord of the Dance Earnings

In 1996, a year after he began and left the Riverdance production, Michael Flatley created his own dance production, Lord of the Dance. The production debuted at the Point Theatre in Dublin, Ireland, on the 2nd of July, 1996. 

According to his own website, Lord of the Dance has achieved the following milestones:

• 1998 – Performed 21 consecutive sell-out shows at the Wembley Arena
• 1999 – Secured a five-year residency in Las Vegas
• 1999 – Signed a contract with Disney to perform at Epcot

More importantly, reports suggest that the production has grossed $1+ billion in lifetime revenues, and reached a lifetime live attendance of 60 million people.

In 2000, Flatley was officially inducted into the Guinness Book of World Records as the world’s highest-paid dancer. At the time, he earned £1 million ($1.6 million per week). Not per month, or per year… per week. Lord of the Dance was also responsible for Flatley’s entries on the Forbes list, and FYI, $1.6 million per week equates to $83.2 million per year. Though only if the show runs every single week of the year.

Leg Insurance Policy

Technically, Michael Flatley also holds, or held, another one or two Guinness World Records. In 1999, by his own claim, he secured a $40 million insurance policy on his legs, arranged through Lloyd’s of London. Yes… $40 million.

This policy came a year after he broke the Guinness World Record for fastest tap dancer, at 35 taps per second. Though the record was quickly broken by James Devine, with 38 taps per second. Nonetheless, Flatley’s record made his legs valuable, and his insurance policy became the most valuable of its kind.

Real Estate

In 2001, Flatley purchased Castlehyde, an old Irish estate house originally owned by the first president of Ireland, Douglas Hyde. The house was in a derelict condition when he purchased it for £3 million, and Flatley spent over £45 million renovating and furnishing it with antiques and artwork. 

Introduction

Eric Clapton is an English professional singer and musician with an estimated net worth of $450 Million.

Clapton is one of the biggest names in the music industry and a true Rock and Roll legend. Through his solo works and band collaborations, Eric has earned himself a reputation as one of the all-time greatest virtuosos. Bands that have benefited from his incredible skills are The Yardbirds, Cream, Blind Faith, and Derek and the Dominos. Eric is a self-made artist whose arrangements and performances have mesmerized audiences worldwide.

In this profile, we’ll outline our research into Eric Clapton’s net worth, income sources, earnings history, and how he spends his fortune.

Quick facts

• Earned an estimated $62 million between 1992 and 1994
• Sold three Gerhard Richter paintings for $74.8 million (2012-2016)
• The artwork cost him just $3.4 million in 2001
• Assets include a $14 million property in Antigua

Earnings History

Between 1992 and 1994, Forbes consistently featured Eric Clapton in its annual lists of the Forbes Top 40. This list was ultimately superseded by the Forbes Celebrity 100 in 1999.

To the best of our knowledge, Clapton debuted on the list in 1992, when he earned an estimated $33 million. Bear in mind that this was among his most active years on tour, performing at 83 concerts. The following year, his earnings declined to an estimated $19 million. They also dropped again to approximately $10 million in 1994, at which point he fell off the list.

Art Collection

Perhaps one of the best investments that Clapton has ever made has been his art collection. Now it’s not exactly clear how many pieces are in his collection, but based on his history, it could be in the hundreds. 

We also don’t know exactly how much he paid for his collection, nor its current value. However, here’s what we do know:

In 1997, Clapton listed 32 pieces up for sale with Christie’s auction house in London, England. The collection included works from Degas, Matisse, and Sandro Chia. Reports suggest that all 32 pieces sold for a total of £419,665 ($680,000), with the most expensive (“Meditation” by Sandro Chia) selling for £87,300.

Several years later, in 2001, Clapton acquired three Gerhard Richter Paintings for a total of $3.4 million, which were as follows:

• Abstraktes Bild (809-4)
• Abstraktes Bild (809-1)
• Abstraktes Bild (809-2)

Roughly a decade later, in 2012, he auctioned off the first painting (809-4) at Sotheby’s. It sold for an astonishing $34.2 million, which at the time was the highest price a Richter piece had ever been sold for.

In November 2013, Clapton returned to Christie’s to auction off the second painting (809-1). It sold for an impressive $18.5 million at the hammer, with a sale price of $20.89 million including the buyer’s premium. Exactly three years later, Eric sold the final painting (809-2) for $22.1 million at the Christie’s auction house.

In summary, Eric Clapton bought three pieces of artwork for $3.4 million in 2001, and within the span of fifteen years, sold them for $74.8 million. Of course, this is before taking the auction’s commission off the top line, but that’s a $71.4 million gross profit.

Introduction 

Peter Frampton is an English professional rock musician, singer, songwriter, and producer with an estimated net worth of $20 Million.

In a seven-decade-long career, Peter Frampton has released 18 solo studio albums, 7 compilation albums, and 4 live albums, as well as numerous albums with his bands The Herd and Humble Pie. The Brit has sold more than 20 million records worldwide, earning millions of dollars in the process.

This profile outlines our research into Peter Frampton’s net worth, income sources, and real estate investments.

Quick Facts

• Sold his music catalog to BMG for a speculated $30-$40 million in 2022
• Sold his 1,607-square-foot Sherman Oaks home for $817,500 (2010)

Income Sources

Given the nature of his career, Peter Frampton has built his income and wealth through a variety of means, including:

• Music sales
• Publishing royalties
• Streaming royalties
• Tour revenues
• Catalog sale

Despite this, there hasn’t been much information released on how much money he’s earned from each individual income stream. 

Music Catalog Sale

In December 2022, Peter Frampton sold the rights to his entire music catalog to BMG; however, the value of the acquisition has never been publicly reported. The sale included music dating back to the 1960s, covering his publishing interests and revenue streams from songwriting and recording. 

Rough estimates place the value of the deal at between $30 million and $40 million, a similar figure to BMG’s 2021 acquisition of Mick Fleetwood’s catalog. However, this is currently just speculation. We also know that in 2022, BMG paid $150 million for Mötley Crüe’s catalog.

A&M Records Lawsuit

In 2011, Peter Frampton filed a lawsuit against A&M Records, the label owned by Universal Music Group (UMG). The suit was related to a dispute over royalties, claiming that the label breached its contract with the singer.

Frampton alleged that when the label sent him a check for $212,000 earlier that year, they paid him just a fraction of the royalties he was owed. The suit reads that the payment was “wholly insufficient to cover the actual monies owed to Frampton, which is potentially hundreds of thousands of dollars more than the insufficient partial payment made by UMG.”

Following the filing, Peter put out a statement on Facebook, which said, “I been suing so much today my throat is sore. It’s very tiring doin’ all this suing you know? Don’t I need a pig though?”

Frampton sought to recoup $500,000 in unpaid royalties from the lawsuit. Many cases also filed against the label were eventually merged into one, and most of the claims were settled outside of court. However, we don’t know how much Frampton settled for, if anything.

Real Estate

In December 2007, Peter Frampton paid $915,000 for a 1,607-square-foot, three-bedroom, two-bathroom home in Sherman Oaks, California. Exactly two years later, immediately following the 2008 financial crisis, he relisted the property for sale at just $799,000. It sold in February 2010 for $817,500. Frampton then reportedly moved to another property in Sherman Oaks, paying $940,000.