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Tom Petty - $95 Million Net Worth, The Charlie T. Wilbury Of Rock Music

American musician, singer, and songwriter Tom Petty net worth was $95 million at the time of his demise.

His fame persisted for more than 40 years, and his shows were selling out even up to his passing.

As a solo artist and with his three bands, Tom Petty and the Heartbreakers, The Traveling Wilburys, and Mudcrutch, he produced a number of hit songs and sold over 80 million CDs.

He went suddenly on October 2, 2017, following a cardiac arrest brought on by an unintentional drug overdose.

Quick Facts About Tom Petty

NameTom Petty
Date Of BirthOct 20, 1950 - Oct 2, 2017 (66 years old)
GenderMale
Height5 ft 9 in (1.76 m)
ProfessionMusician, Actor, Record producer, Singer, Songwriter
NationalityUnited States of America
Net Worth$95 Million

Tom Petty Personal Life

Tom Petty At An Interview
Tom Petty At An Interview

From 1974 until 1996, Tom was married to Jane Benyo, and from 2001 until his passing in 2017, he was wed to Dana York.

He had two daughters with Benyo: Annakim is an artist and designer, and Adria is a video director who has collaborated with Beyoncé and Regina Spektor. Petty also served as Dylan York's stepfather.

Before the Heartbreakers' 1999 tour, Petty overcame his heroin addiction by seeking treatment at a drug rehab center in the late 1990s.

Tom Petty Death

Tom, 66, sadly passed away on October 2, 2017. Petty was discovered by his wife Dana in cardiac arrest, unresponsive, and not breathing at their Malibu home that morning.

Despite being revived, Petty passed away that evening at UCLA Medical Center in Santa Monica. On October 16, a memorial ceremony was held at the Self-Realization Fellowship Lake Shrine in Pacific Palisades.

In his system, fentanyl, oxycodone, acetylfentanyl, despropionyl fentanyl, temazepam, alprazolam, and citalopram were discovered during an autopsy, which established that the cause of death was an unintentional drug overdose.

According to his family, Tom was taking medicine for his emphysema, knee issues, and shattered hip. They think that the pain in his hip became intolerable and caused him to overdose.

Following a disagreement over Petty's inheritance and catalog, his children filed a $5 million lawsuit against his wife in May 2019. The case was resolved in December 2019, but no specifics were made public.

Tom Petty Career

Tom Pretty Singing
Tom Pretty Singing

Music Career

Petty joined Mudcrutch as their bass player but quickly rose to the position of frontman and primary composer.

In 1974, the band relocated to Los Angeles, but they disbanded the following year when their lone single saw dismal sales.

Together with Ron Blair, Stan Lynch, and bandmates Mike Campbell and Benmont Tench, Tom Petty and the Heartbreakers was formed in 1976.

The songs "Breakdown" and "American Girl" were included on the band's self-titled album, which was released in November of that year.

They went on to create 12 further studio albums as well as a number of top singles, such as "Mary Jane's Last Dance," "Don't Do Me Like That," "Refugee," and "Don't Come Around Here Anymore."

As of 2020, the band was ranked #12 on "Rolling Stone" magazine's list of the top Super Bowl halftime performances for their performance in the Super Bowl XLII halftime show in 2008.

On September 25, 2017, Tom Petty and the Heartbreakers gave their farewell performance, and "American Girl" served as their final live performance.

Acting Career

Tom made his acting debut in the 1978 movie "FM" in a cameo role. Following this performance, he had parts in the 1987 films "Made in Heaven" and "The Postman" Additionally, Petty appeared on "The Larry Sanders Show," "It's Garry Shandling's Show," and "The Simpsons" and had a recurrent part on the animated television program "King of the Hill."

Tom Petty Top 10 Albums And Sales

Over 60,000,000 albums by Tom Petty were sold globally, including 31,491,667 in the US and 760,000 in the UK.

Gretest Hits, which has sold more than 12,972,000 copies, is Tom Petty's best-selling album.

GREATEST HITS (1993)12,972,000
FULL MOON FEVER (1989)6,031,169
WILDFLOWERS (1994)3,467,500
DAMN THE TORPEDOS (1979)3,215,000
INTO THE GREAT WIDE OPEN (1991)2,675,000
HARD PROMISES (1981)1,107,500
SOUTHERN ACCENTS (1985)1,050,000
ANTHOLOGY - THROUGH THE YEARS (2000)600,000
LET ME UP (I`VE HAD ENOUGH) (1987)550,000
LONG AFTER DARK (1982)550,000

Tom Petty Top 5 Songs

Before his untimely passing in 2017 at the age of 66, Tom Petty and the Heartbreakers recorded 13 studio albums, 3 solo albums, and extra albums with the Traveling Wilbury's and Mudcrutch. The Rock & Roll Hall of Fame inducted Tom Petty and the Heartbreakers in 2002.

I Won’t Back Down

Free Fallin

Runnin’ Down A Dream

Southern Accents

The Waiting

Tom Petty Net Worth

Tom Petty is worth an estimated $95 million due to his success as a guitarist and singer. He earned an estimated $750,000 in 1976 with the record "Tom Petty and the Heartbreakers." He made $4.5 million off of his record "Damned the Torpedos" in 1978.

He made $4,160,000 from the sale of 3.2 million copies of his album "Dame the Torpedos" in 1979.

The same year, he also made $180,000 from the sale of 100,000 copies of the record "Damn the Torpedos" in Canada and $4,500,000 from the sale of 3,000,000 copies in the US.

His record "Hard Promises," which sold about 1.1 million copies in 1981, brought roughly $1.43 million for him.

The next year, the same record, "Hard Promises," sold 1 million copies in the United States, netting him a profit of $1.5 million.

His record "Hard Promises" sold about 80,000 copies in Canada, netting him a profit of $120,000.

About 550 thousand copies of Tom's record "Long After Dark" were sold in 1982, earning him $715,000, and another 500 thousand copies were sold in the United States, earning him another $750,000.

Tom's earnings from the albums "Let Me Up" and "Southern Accents" in 1985 and 1987 totaled $15 million.

Tom's record "Full Moon Fever," which sold about 5.75 million copies in 1989, brought about $7,480,000.

The next year, albums sold in Canada brought in $720,000 for him. He made $7,500,000 from the approximately 5 million copies sold in the United States.

He made $1,560,000 in October 1990 from the sales of his record "Traveling Wilburys Vol. 3" with the band Traveling Wilburys.

Tom Petty Lifestyle

Tom Pretty On Stage
Tom Pretty On Stage

Real Estate

In May 1987, an unidentified arsonist torched Petty's home in Encino, California, on fire.

Damage from the incident was estimated at $1 million. The only room left standing was Tom's recording studio.

On the same site, he erected a new house. When they split, Jane, his ex-wife, obtained this house.

In 2015, Jane lost the house due to foreclosure. It was purchased by Selena Gomez for $4.9 million in 2020 after selling for $2.6 million in 2017 and $4.5 million in 2018.

Tom also had a residence in Lake Sherwood, California, which he purchased in 2007 for $4.4 million. 2019 saw the $4 million sale of this house.

Petty purchased a 5,300 square foot Malibu mansion for $3.8 million in 1998, and he was residing there at the time of his death.

Additionally, he had a second property in Malibu, an apartment on Escondido Beach, and a $1.8 million house in the Pacific Palisades region of Los Angeles.

His stepson Dylan Epperson, his widow Dana's adult child from a previous relationship, would eventually live in the Pacific Palisades house.

Dana Petty spent $4.7 million in September 2020 for a brand-new house in LA's Brentwood district.

Legacy

In addition to being elected into the Rock and Roll Hall of Fame in 2002, Tom Petty and the Heartbreakers were given a star on the Hollywood Walk of Fame in 1999.

Petty was given the Golden Note Award and the George and Ira Gershwin Award for Lifetime Musical Achievement in 1996 by the American Society of Composers, Authors, and Publishers.

In addition to being awarded MusiCares Person of the Year in 2017, he also won the Billboard Century Award in 2005.

Gainesville's Northeast Park was renamed "Tom Petty Park" on October 20, 2018, the day before Tom Petty would have turned 68.

In 2006, Tom Petty and the Heartbreakers were given a key to the city. Petty and his siblings attended the renaming ceremony. Petty had fond memories of visiting the park as a youngster.

Car Collection

Tom Petty has owned a 1996 Jaguar XJS worth $19,999.

Top 14 Interesting Facts About Tom Petty

  • He only put out three solo studio albums.
  • Between 1976 and 2014, Tom Petty & The Heartbreakers released 13 studio albums.
  • He was the third member of the Traveling Wilburys ensemble from the 1980s to die away.
  • Additionally, Tom Petty was a member of the group Mudcrutch.
  • His life was altered by meeting Elvis Presley.
  • He quit high school to start his first band.
  • By chance, he became a Traveling Wilbury.
  • Full Moon Fever nearly wasn't made public.
  • Tom Petty stated in 2017 that this will be his final tour.
  • He was aware of his career goals.
  • He did a lot of odd jobs.
  • Tom Petty received guitar instruction from a pro.
  • He supported making marijuana legal.
  • He went by a number of aliases.

People Also Ask

What Was Tom Pettys Favorite Food?

Peanut butter and jelly is Tom Petty's preferred sandwich filling. It was "Woolly Bully" that he first learnt to sing.

What Was Tom Petty Known For?

Tom Petty, full name Thomas Earl Petty, was an American singer-songwriter whose roots-oriented guitar rock emerged from the new-wave movement of the late 1970s and produced a number of hit singles and albums.

He was born on October 20, 1950, in Gainesville, Florida, and passed away on October 2, 2017, in Santa Monica, California.

Who Inspired Tom Petty?

By the time of his passing, he had amassed sales of about 80 million records and had long been a member of the rock aristocracy, hanging around with the type of musicians who had served as his early inspirations: Petty And The Heartbreakers began supporting Bob Dylan on tour in 1986.

Conclusion

Tom Petty was a well-known actor, singer, and songwriter who dedicated his life to the performing arts.

He started working in show business in 1968 and has been doing so for more than 50 years.

When he was ten years old, he had a chance encounter with the great musician Elvis Presley, which sparked his love in music.

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