Elvis Costello Net Worth 2022 – How Did He Get Rich?

Elvis Costello Net Worth 

Elvis Costello has an estimated net worth of $70 million. British singer/songwriter Elvis Costello extended the lyrical range of punk and new wave music with songs like “Alison,” “Everyday I Write the Book” and “Veronica.” He earns most of his income from album sales, concerts and music streaming.

Singer/songwriter Elvis Costello was first signed to a record label in the late 1970s. His music took the energy and cynicism of punk and combined it with the more sophisticated lyrics and structures of new wave music, resulting in hits like “(The Angels Wanna Wear My) Red Shoes,” “Alison,” “Everyday I Write the Book,” and “Veronica.” 

To calculate the net worth of Elvis Costello, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Elvis Costello
Net Worth: $70 Million
Monthly Salary: $1 Million
Annual Income: $15 Million
Source of Wealth: Musician, Singer-songwriter, Record producer, Actor, Film Score Composer

Early Life

Elvis Costello began as one of Britain’s new wave artists in the late 1970s and early 1980s, writing and recording a string of albums that challenged not only the musical style of the time, but the myriad styles of popular music.

Declan Patrick McManus was born on August 25, 1954, in London, England, to father Ross McManus, a British big-band singer, and mother Lilian Alda, a record store manager. Costello threw off the shackles of his workaday office job as a computer programmer and played his first gig in 1970, performing his own compositions in a London folk club, inspired by the musical freedom left in the wake of the Sex Pistols. When he was first signed to a record label in the late 1970s, he adopted the stage name Elvis Costello.

Debut Album: ‘My Aim Is True’

In 1977, Costello released My Aim Is True on the small British label Stiff, which included hits like “Alison” and “(The Angels Wanna Wear My) Red Shoes.” His music combined punk’s energy and cynicism with the more sophisticated lyrics and structure of new wave music. Costello was introduced to America for the first time on Saturday Night Live in 1977.

Costello, who was far more conscious of pop songcraft than other bands of the time, went on to record a series of meticulously composed yet edgy albums that ranged in style from straightforward power-pop to soul and country.

On his second album, This Year’s Model (released in 1978 and featuring the hit “Pump It Up”), Costello was joined by the Attractions, a three-piece group, and he would continue to work with the trio on most of his albums for the next eight years.

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Icon of New Wave

“Everyday I Write the Book,” from the album Punch the Clock (1983), became Costello’s first US Top 40 single in 1983. The album also included the popular single “Shipbuilding,” a collaboration between Costello and Clive Langer. Later hits include “Veronica,” from his 1989 album Spike (named after the eccentric 1940s bandleader Spike Jones), and “The Other Side of Summer,” from 1991’s Mighty Like a Rose.

Costello is known for his inventive collaborations with musicians such as Paul McCartney and Burt Bacharach, with whom he won a Grammy Award in 1999 for “I Still Have That Other Girl” (best pop collaboration with vocals). Costello has also worked as a producer for several bands, including the Pogues, Squeeze, and the Specials.

Costello continued to release albums that demonstrated his willingness to explore a wide range of themes as the millennium progressed, including the orchestral Il Signo (2002) and The River in Reverse (2006), his collaboration with pianist/songwriter Allen Toussaint. Later, for 2013’s Wise Up Ghost, Costello collaborated with hip-hop group/Jimmy Fallon band The Roots.

Unfaithful Music & Disappearing Ink, Costello’s lengthy autobiography, was released in 2015.

Personal Life

Costello has had three marriages. In 1974, he married Mary Burgoyne; the couple divorced in 1984. He married Cait O’Riordan of the Pogues two years later. They split up in 2002, and Costello married Canadian jazz singer/pianist Diana Krall the following year. They collaborated on her 2004 album The Girl in the Other Room.

Further Reading

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How To Become Rich Like Elvis Costello?

Elvis Costello did not become rich by luck. To become as rich as Elvis Costello, you have to work smart.

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