If you ask anyone who is the number 1 hit-making machine from the 1980s then the iconic name ‘Phil Collins’ has to pop up on because there isn’t any other artist with more hits than Phil back in the 1980s. Well, he also comes pretty high on the list when the topic’s about an artist with a high net worth!

Phil Collins is renowned for his work as a drummer and singer, and his career began in early 1963 when he started playing drums at the age of five. His early start helped him in long races, which is quite astonishing.

He is known for his work with the band Genesis and began his solo career in 1981, releasing some of the most unforgettable and incredible works. During the years between 1980 to 1990, Phil dominated the music industry, having more hits than any other singer during that period.

With all the success he has earned in his career, it’s no surprise that he must have a hefty net worth!

Phil Collins Music Career

As a child, Phil Collins showed an interest in acting and landed roles in theatrical productions through his mother’s connections. However, he later realized that acting was not his true calling. In the mid-70s, he auditioned for the rock band ‘Genesis’ as a drummer and got the job.

He toured with the band from August 1970 and played on their albums for five years. In 1981, Phil Collins released his first solo album called ‘Face Value.’ It was a hit, featuring funk and faster beats, and topped the charts in seven countries.

In 2006, he reunited with two former bandmates for a tour called ‘Turn It On Again: The Tour,’ which was a huge success. Collins was inducted into the ‘Rock and Roll Hall of Fame’ in March 2010, and in 2011, he briefly retired from music.

But the show doesn’t stop there!

Collins surprised everyone and made a comeback in 2016 with his “Not Dead Yet” tour” and as you can think, the fans went wild with this tour! He started to continue his performances in different countries during the years 2017 and 2018, but the next year, a tragedy fell upon Phil Collins.

He suffered from various health issues, including his nerve damage and severe back problems. Due to such health issues, he was unable to play the drums. Thus, he announced his retirement from touring but he didn’t end his music career there.

He kept on writing and inventing new recordings for his fans. He truly has been an iconic figure in the world of rock but outside the music world, he is also widely known for having a kind heart because of his charitable work, like his “Little Dreams Foundation.”

Collins and his ex-wife created this foundation to help the kids who were desperately in need of help, for the children who were unable to pursue their dream. They helped underprivileged children with the foundation and ignited their fallen dreams.

Phil Collin’s Career In Solo Recording

In 1996, Phil Collins left his band ‘Genesis’ to focus on his solo career, even though he had already released solo material while still in the band. He has an impressive solo discography including albums like “Face Value,” “Hello, I Must Be Going!,” “No Jacket Required,” “…But Seriously,” and “Both Sides.”

He also founded the Phil Collins Big Band and toured with them, playing various genres. In 1999, Collins wrote and performed songs for Disney’s “Tarzan,” which were successful, including the hit single “You’ll Be in My Heart.” Collins won both an Academy Award and a Golden Globe Award for Best Original Song for the same song. Collins released his eighth solo album, “Testify,” in 2002, which received negative reviews.

However, he bounced back in 2003 with his appearance on the soundtrack of Disney’s “Brother Bear.” He released another solo album, “Going Back,” in 2010. With all the success, you can probably guess that he has won outstanding sets of awards.

Phil Collins made a deal with Warner Music in 2015 to have his solo recordings remastered. He wrote an autobiography called “Not Dead Yet” in 2016. Collins continues to perform as a solo artist and as a member of Genesis, which has reunited a few times over the years.

The band went on the “Turn It On Again: The Tour” in 2006. Collins has won many awards, including seven Grammys, six Brit Awards, three American Music Awards, an Academy Award, two Golden Globe Awards, and a Disney Legend Award.

Phil Collins Net Worth

Phil Collins has earned an estimated total of $550 million throughout his career. He has sold 150 million records worldwide and reportedly earns $35-45 million during his tours. His Not Dead Yet Tour from 2017 to 2019 grossed $87.6 million, with the 2019 leg generating all that amount.

With that being said, all the artists had to deal with their taxes and Collins had to face the same challenge. He paid almost half of his income in taxes and his total earning is estimated to be around $275 million.

Phil Collins has been married three times, but unfortunately, none of his marriages were able to withstand the test of time. His initial matrimony with Andrea Bertorelli was five years long, but it ended in 1980.

He then entered into a second marriage with Jill Tavelman, which endured for several years but ultimately culminated in divorce in 1996. Phil paid a considerable sum of £17 million pounds or roughly $20 million dollars to Jill as a component of their settlement.

Subsequently, he embarked on a third marriage with Orianne Cevey, which lasted for approximately nine years before reaching its conclusion in 2008. Orianne received a substantial settlement of $46 million dollars from Phil, and she subsequently tried to sue him for another $20-29 million dollars, although the case was dismissed.

Phil has also spent a hefty amount of cash on his personal expenses. It is estimated that he has spent between  $10-15 million dollars but has earned almost $70-80 million dollars from his investments and other activities.

Phil Collins has invested in different properties in the US and the UK, one of which was an 11,000 sq. ft. mansion by the water in Miami. He sold this mansion for $39 million in 2020.

With all this being said, his net worth is estimated to be about $255 million, even after accounting for his business expenses, which is a considerable amount for a single person to have amassed during their lifetime.