Phil Collins Net Worth 2022 (Forbes) – How Did He Get Rich?

Phil Collins Net Worth 

Phil Collins has an estimated net worth of $300 million. Phil Collins was one of the most successful musicians in the world during the 1980s, releasing thirteen U.S. Top Ten hits between 1984 and 1990. He earns most of his income from album sales, concerts and music streaming. 

Phil Collins became one of the most successful musicians in the world in the 1980s after replacing Peter Gabriel as the face of the band Genesis in 1975. Between 1984 and 1990, Collins released 13 top ten hits in the U.S., including “In the Air Tonight,” “You Can’t Hurry Love” and “I Don’t Care Anymore.”

To calculate the net worth of Phil Collins, 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: Phil Collins
Net Worth: $300 Million
Monthly Salary: $1 Million
Annual Income: $20 Million
Source of Wealth: Musician, Singer-songwriter, Actor, Record producer, Multi-instrumentalist, Author, Drummer, Photographer, Audio Engineer

Early Life

Collins was born Philip David Charles Collins on January 30, 1951, in London, England. His parents were Greville Collins, an insurance agent, and his wife June, a talent manager. One of three children, Collins grew up in a household that emphasised creativity and drive. His older brother Clive became a professional cartoonist, while his sister competed as a figure skater.

From a young age, Collins showed a fondness for the stage and music. His love for drums began at the age of 5, when he was given a toy drum set as a gift. By the age of 12, Collins owned a real drum set and played every chance he got.

When he was 13, Collins, a talented actor, received an offer to play the role of Artful Dodger in the London production of Oliver! To take the role, Collins left Chiswick Grammar School with his parents’ blessing and enrolled at the Barbara Speake Stage School.

The decision to leave his old school was not an easy one, but it proved to be a wise one. He was offered further opportunities to act, including appearances in A Hard Days Night (1964) by the Beatles and Chitty Chitty Bang Bang (1969).

Genesis and Solo Career

More importantly, Collins formed his first band, The Real Thing, with a few fellow students. Other opportunities followed, but his first big break came in 1970, when he responded to a newspaper advertisement for a drummer and backup vocalist from a Surrey band called Genesis. Collins appeared to provide a spark for the three-year-old group, which was led by lead singer Peter Gabriel. Over the next five years, the band released five studio albums as well as a live album from a US concert tour.

Collins took over as the face of Genesis after Gabriel left the band to pursue a solo career in 1975. Before turning inward and handing the baton to Collins, the band had auditioned 400 singers to replace their frontman.

The transition from Gabriel to Collins was dramatic. Collins, unlike his predecessor, did not dominate the stage with elaborate costumes. The music, too, gradually transitioned away from the heady, conceptual stuff that defined the band’s early sound and toward a more radio-friendly style.

And Then There Were Three was released in 1978 by the band, which consisted of Collins, keyboardist Tony Banks, and guitarist Mike Rutherford. The album went gold, giving the group their first American radio hit, “Follow You Follow Me.” Duke was the group’s follow-up album, which was more commercially successful (1980).

Collins, who was also a member of the jazz band Brand X, soon began experimenting with his own solo work. Face Value, his first solo album, was released in 1981. The album was a huge success, thanks to the popular single “In the Air Tonight.” Collins’ second solo album, Hello, I Must Be Going, was released a year later and featured two hit singles: “You Can’t Hurry Love” and “I Don’t Care Anymore.”

He wrote the title song for the film soundtrack to Against All Odds in 1984, which became a No. 1 single and earned Collins Golden Globe and Academy Award nominations for Best Original Song. Collins dominated the charts once more in 1985 with his third solo album, No Jacket Required.

Collins also demonstrated his golden touch with Genesis. In 1986, the band had a No. 1 single with “Invisible Touch.”

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Acting Career

Collins also demonstrated his acting abilities. Collins made a guest appearance on the NBC police drama Miami Vice (1984) after one of its episodes featured Collins’ first single “In the Air Tonight.” He made his big screen debut in the 1988 film Buster. He also wrote the song “Two Hearts” for the film, which earned him an Academy Award nomination and a Golden Globe for Best Original Song.

Personal Life, Health Struggles and Retirement

Collins has been married three times and has five children, one of whom is actress Lily Collins. Collins is now more of a family man than a musician. Collins announced his retirement from music in March 2011, after battling a series of health issues, including a spinal problem that forced him to stop playing the drums. “I really don’t belong in that world,” Collins said, opting to stay at home with his two young sons with his third wife, Orianne. Genesis was inducted into the Rock and Roll Hall of Fame the same year.

Further Reading

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How To Become Rich Like Phil Collins?

Phil Collins did not become rich by luck. To become as rich as Phil Collins, 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 Phil Collins one day.

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