Paul Anka Net Worth 2022 – How Did He Get Rich?

Paul Anka Net Worth 

Paul Anka has an estimated net worth of $80 million. One of the biggest classic pop performers, Canadian singer-songwriter Paul Anka moved from teen heartthrob to adult artist with a slew of hits. He earns the majority of his income from album sales, concerts, TV shows and music streaming. 

Born in Canada in 1941, teenage singer Paul Anka’s hit song “Diana” sold millions of copies and made him a top teen idol who was also a successful songwriter. He starred in several movies, performed in Las Vegas, hosted TV variety shows and wrote hits for Frank Sinatra and Tom Jones. He reached the top of the charts again in 1974 with the duet “You are Having My Baby”.

To calculate the net worth of Paul Anka, 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: Paul Anka
Net Worth: $80 Million
Monthly Salary: $300 Thousand
Annual Income: $5 Million
Source of Wealth: Songwriter, Singer, Actor

Early Life

Anka was born in Ottawa, Canada, on July 30, 1941. Andy and Camelia Anka, his Lebanese-Canadian parents, had three children, Anka being the eldest. Anka grew up helping out in the kitchen and mingling with customers at his father’s restaurant, the Locanda, a popular hangout for Ottawa journalists, politicians, and businesspeople.

Anka had an abundance of confidence and big dreams of a life on stage from a young age. “I was a pretty precocious, aggressive kid,” Anka admitted. “I believe my parents were aware that they had a unique child.”

Anka bought a plane ticket to Los Angeles shortly after his 15th birthday, intending to make a name for himself as a singer. By the end of the year, he had persuaded his father to let him travel to New York City in search of his big break. His father agreed on one condition: if Paul didn’t make it big in New York, he’d have to return home to Ottawa.

Anka dashed down the streets of Manhattan. Soon after his arrival, he met with Don Costa, an executive at ABC/Paramount Records, who agreed to hear a few minutes of Anka’s music. Costa summoned his colleagues after hearing the teenager play some of his songs on the piano. Anka’s father was in New York within days, signing a contract on his son’s behalf, who was still a minor and thus couldn’t sign on his own.

Rise to Fame

As the artist’s first single, the label chose “Diana,” a song Anka wrote for a girl he had a crush on back in Ottawa. Within weeks, the 16-year-old had the world’s No. 1 song. “Diana” went on to sell over 20 million copies worldwide. Paul Anka had officially become a teen idol.

He was traveling the world by the late 1950s, well before his 20th birthday, singing songs like “Lonely Boy” and “Put Your Head On My Shoulder” for adoring crowds. “My life as a teenager ended when I was 16,” Anka explained. “I entered another sphere.” Despite his international fan base, Anka’s hometown largely refused to embrace him. Local kids booed him during his 1956 show in Ottawa, and he refused to return for decades.

Anka’s musical style fell out of favor as the 1960s progressed. Teens began to prefer the rock ‘n’ roll of the Beatles and the Rolling Stones to crooners like Anka’s dreamy love songs. The major record labels pushed him aside quietly. “When they began to doubt and sensed that things were changing, I told them, ‘OK, give me back my life.’ Please return my music.’ “Anka, a naturally astute and astute businessman, said. He repurchased the rights to all of his music for $250,000 and began to shift his image from teen idol singer to Rat Pack-style songwriter.

From the casinos and supper clubs of Las Vegas and Florida, Anka launched a wildly successful songwriting career. During Johnny Carson’s reign, he wrote the theme song for The Tonight Show, which is estimated to have been played 1.4 million times. Anka earned $800,000 to $900,000 in royalties from that one song alone during Carson’s peak popularity.

Another highlight of his career was writing “She’s A Lady,” Tom Jones’ biggest hit, as well as befriending Sinatra and writing “My Way,” the singer’s farewell song. Anka released his own single, “(You’re) Having My Baby,” in 1974, which enraged feminists but went to No. 1 on the charts. “You have to figure out what they want and give it to them,” Anka once said.

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Personal Life

Anka met Anne de Zogheb, a model of Parisian and Egyptian descent, while traveling in Puerto Rico in 1962. In 1963, the couple married in Paris, and Anne left her career to raise their family. Amelia, Anthea, Alisia, Amanda, and Alexandria were the couple’s five daughters.

After 37 years together, his marriage to Anne ended in 2001. Anka later married Anna Aberg, a Swedish model and actress 30 years his junior, and they had a son. The couple married in 2008, but divorced soon after.

Anka has released over 120 albums, which have sold over 10 million copies worldwide, not including singles. He has written over 900 songs, either alone or in collaboration with others, with singles reaching the Top 50 in five different decades. Former Canadian Prime Minister Jean Chretien introduced him when he was inducted into the Canadian Songwriters Hall of Fame in 2008.

Further Reading

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How To Become Rich Like Paul Anka?

Paul Anka did not become rich by luck. To become as rich as Paul Anka, you have to work smart.

Successful people become rich because they take advantage of the opportunities that come their way. They are in the right place at the right time and take the right action.

Thanks to the Internet, the world has changed massively in recent years. Nowadays it has become much easier to make money online.

Instead of looking for a 9-5 job and staying in your comfort zone, it’s better if you become your own boss as soon as possible.

You can learn how to build a digital asset that generates cash flow for you while you sleep to grow your wealth quickly.

If you seize this golden opportunity in time, you can become as successful as Paul Anka one day.

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