What is Mick Fleetwood’s Net Worth?
Mick Fleetwood, co-founder of Fleetwood Mac, has a net worth of $40 million. The band has sold over 120 million records worldwide. Fleetwood is the only remaining original member of the band and has overseen a continuously changing lineup of new musicians. He has also had a successful solo career and has dabbled in winemaking, restaurants, and other businesses.
Despite his wealth, Fleetwood has lived a lavish lifestyle for decades and blew tens of millions on bad business ventures. He was forced to declare bankruptcy in the late 1980s. Although he has recovered since then, he is still considered somewhat poor compared to bandmates Stevie Nicks and Lindsey Buckingham, who are worth $120 million and $100 million, respectively.
Mick Fleetwood’s Early Life
Mick Fleetwood was born on June 24th, 1947 in Cornwall, England. His father was a pilot for the Royal Air Force, and the family traveled frequently around the world. They eventually settled in Gloucestershire, where Mick struggled in school but enjoyed acting in school plays and became a skilled fencer during his youth. At the age of 13, his parents purchased a drum set for him, and by the age of 15, he had dropped out of school to pursue a full-time career in music with their full support.
Mick Fleetwood’s Musical Journey and the Rise of Fleetwood Mac
Mick Fleetwood moved to London in search of better musical opportunities after dropping out of school. He joined a band called the Cheynes and later became a member of the Bluesbreakers with Peter Green and John McVie. Green left the band and started a new one, inviting Fleetwood and McVie to join, which marked the beginning of Fleetwood Mac.
The band released their first album in 1968, followed by several others over the next few years. Mick Fleetwood married model Jenny Boyd in 1970, but their marriage ended after she had an affair with another band member. The band’s success peaked in 1975 with the release of their album “Fleetwood Mac,” which sold 5 million copies and reached number one on the charts.
Internal conflicts continued to plague the band, and Mick Fleetwood had an affair with Stevie Nicks while trying to reconcile with his wife. The band’s performance level started to decline, and Mick experimented with solo projects and collaborations with other artists.
Fleetwood Mac’s Financial Inner-Workings Revealed Through Lawsuit
In October 2018, former Fleetwood Mac member Lindsey Buckingham filed a lawsuit against his on-again-off-again bandmates after being abruptly removed from the group’s 2018-2019 Live Nation tour. The lawsuit revealed that each band member was set to receive $200,000 per show over 60 shows, totaling $12 million, with the potential to reach $14 million based on attendance milestones and additional dates added.
Three months later, the lawsuit was settled for an undisclosed amount. Buckingham released a statement expressing his satisfaction with the settlement and his desire to approach the situation with compassion and wisdom.
Mick Fleetwood’s Bankruptcy and Financial Troubles
In 1984, Mick Fleetwood filed for Chapter 7 bankruptcy with $2.5 million worth of assets and $3.7 million worth of debt. However, many of his assets were worth less than expected, leaving over $1 million in unpaid debts. Fleetwood bought heavily into real estate and assumed his income would remain steady, but his investments did not pan out. He invested almost $629,000 in an oil and gas venture which failed, and he lost his entire investment. He owed millions to banks and hundreds to small businesses. Fans donated money to him, but some viewed his bankruptcy as a strategic move to earn more money from album releases. His financial advisers warned him against buying more properties, but he did not listen. Despite the setback, Fleetwood overcame his financial troubles and has a successful net worth today.
You May Also Like
ncG1vNJzZmiopaG9ta3SraCcZpOkunC5yJyiZp6cmrK1w86om2amlal6uLvRrZ9o