British Musician and Actor Mick Fleetwood Net Worth, Early Life, Career & Other Less Known Facts!

Mick Fleetwood Net Worth

Mick Fleetwood Net Worth

With a fortune of $30 million, British musician Mick Fleetwood is one of the wealthiest musicians in the world. Fleetwood Mac, the band he co-founded, has sold more than 120 million records worldwide with Mick Fleetwood as a lead singer.

The band’s most prominent members eventually left, but Mick remained the only original member left and was in charge of the band’s ever-changing roster.

Mick Fleetwood has had a successful solo career in addition to his work with Fleetwood Mac. Entrepreneurial pursuits include winemaking, running restaurants, and starting his own company.

Mick’s net worth would have been much higher had he not spent tens of millions of dollars on what turned out to be bad business ventures for decades.

Mick Fleetwood - IMDb

When he was forced to declare bankruptcy in the late 1980s, the music industry came to a grinding halt.

Stevie Nicks is worth $120 million and Lindsey Buckingham has a net worth of $100 million, so he’s not exactly in the same league as the other members of Fleetwood Mac.

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Early Life

Michael John Kells Fleetwood was born in Cornwall, England, on June 24th, 1947. A pilot in the Royal Air Force, his father’s job took the family all over the globe.

In Norway, Mick learned the language after spending time in Egypt as a child.

The family eventually returned to England, settling in Gloucestershire, where Mick had difficulty in school and was expelled.

Mick Fleetwood on the early days of Fleetwood Mac and why he's a terrible drummer - BBC News

However, he was a talented fencer and enjoyed acting in school plays as a child.

When his parents realized he wasn’t doing well in school, they decided to help him focus on music instead, and they bought him a drum set when he was just 13.

Mick was hooked on drumming by the time he was 15 years old and had dropped out of school to pursue a career in music with the full support of his parents.

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Career:

Fleetwood relocated to London after dropping out of school in order to pursue a career in music.

Peter Bardens, a keyboardist who was looking for a drummer, lived just a few doors down from him.

As soon as Bardens saw that Fleetwood was working on his drumming, he approached him and invited him to join the Cheynes, his band.

Mick was a member of a wide variety of bands during the 1960s, some of which were large and others of which were small.

Mick was eventually expelled from the Bluesbreakers because of his excessive drinking.

Peter Green and John McVie also left the band at this point.

John McVie and Mick Fleetwood, Fleetwood Mac | Mick fleetwood, Stevie nicks fleetwood mac, Fleetwood mac

With Fleetwood and McVie (which he dubbed “Fleetwood Mac”) on board, Green formed his own band. Fleetwood Mac was formed at this time.

 

In 1968, Fleetwood Mac released their first album, titled “Peter Green’s Fleetwood Mac,” which was a success.

“Mr. Wonderful” and “Man of the World” followed after a tour of the United States to promote their first album.

By this time, the band had grown to include several new members, and Peter Green had begun to obsess over LSD. Green eventually walked away from the band.

Mick Fleetwood and Jenny Boyd, a model, had been dating for several years when they married in 1970.

Future Games” and “Bare Trees” were released during the band’s subsequent tour of the United States.

There were several instances during this period where Mick had to either fire or persuade members of the band to cooperate.

Mick Fleetwood Discusses 'Dreams' Going Viral Again

After a string of commercial failures and the discovery that his wife was having an extramarital affair with another member of the band, Mick Fleetwood filed for divorce.

After the addition of Lindsey Buckingham and Stevie Nicks in 1975, the band achieved commercial success.

When they released “Fleetwood Mac” that year, they sold 5 million copies and climbed to the top of the charts.

Internal strife arose again in the years that followed. When they released “Rumors” in 1977, they still managed to have a big hit on their hands.

Meanwhile, Fleetwood had been trying to mend his marriage to Jenny Boyd and raise their two children while having an extramarital affair with Stevie Nicks.

With the release of “Tusk,” the band’s performance quality began to deteriorate. Fleetwood Mac’s heyday had come to an end, and Mick had moved on to various solo endeavors and collaborations with other artists.

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Earnings from Live Nation

New 'Live at the Belly Up' albums feature Rock Hall of Famers Mick Fleetwood, Ann Wilson and Mike Love - The San Diego Union-Tribune

Lindsey Buckingham filed a lawsuit against Fleetwood Mac

in October 2018 that revealed some of the band’s financial details.

Former bandmates sued Buckingham after he was abruptly dropped from the group’s 2018-2019 Live Nation tour in January 2018.

Each member of the band would receive $200,000 per show over 60 shows, totaling $12 million, according to the terms of their contract with Live Nation, according to the lawsuit.

Depending on the number of people who show up and future dates added, the total could rise to $14 million.

The lawsuit was settled for an undisclosed sum three months later. According to a statement released by Buckingham,

“We’ve all agreed to a certain plan. It’s good enough for me. Trying to twist the knife is not my goal.

With some degree of compassion and wisdom, I’m trying to approach this situation.”

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Financial Crisis

A Boat Against the Current: This Day in Rock History (Mick Fleetwood Files for Bankruptcy)

Fleetwood had financial problems, so in 1984 they filed for Chapter 7 bankruptcy protection. At this point, he had assets of about $2.5 million and liabilities of about $3.7 million.

A court-appointed trustee was entrusted with selling all of Mick’s possessions to pay off his creditors after a hearing.

During this time, the court sold Mick’s Malibu home for $2.2 million and began receiving Mick’s BMI royalties.

Over $1 million in unpaid debts remained after it was discovered that many of Fleetwood’s assets were worth less than initially thought.

He later admitted that he had overspent on real estate and that he was unable to pay off his debts because of a lack of income.

Aside from buying a $1.2 million Australian mansion and a $400,000 Hawaiian home at exorbitantly high rates of interest, he made several other foolish decisions.

If you’re looking for a luxury vacation rental, you can book Mick’s property in Hawaii for $1,400 per night.

Mick made these investments under the assumption that his earnings would remain stable.

In contrast to his bandmates, Mick Fleetwood had a difficult time finding success as a solo artist.

Fleetwood Mac's Mick Fleetwood admits he's “lost count” how many times he's been bankrupt - Mirror Online

In 1982 and 1983, he earned $350,000 and $255,000 per year, respectively. Also, he invested $629,000 in a failed oil and gas venture and lost it all.

To top things off, he was owed hundreds of thousands of dollars by small businesses like guitar shops and animal clinics.

Immediately after hearing about Mick’s bankruptcy, some fans started donating money to him, while others claimed that his bankruptcy was a calculated move to maximize profits from his upcoming album releases.

In contrast to most celebrities, Mick was not in financial trouble because he was heeding bad advice from financial advisors.

His financial advisors had been urging him to slow down on the property purchases, but he wouldn’t budge. Micks’s current net worth, on the other hand, indicates that he has clearly overcome this minor setback.

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Mary

I'm a researcher and behavioural therapist with a PhD in Social Media. I also love to travel and drink coffee. Follow my adventures around the world, or just know that I really need to be back at the library.