Steve Perry Net Worth
Steve Perry has an estimated net worth of $100 million. Steve Perry was the lead singer of pop rock band Journey from 1977 to 1987. He is known for having a wide vocal range, which can be heard on such popular hits as “Don’t Stop Believin'” and “Oh Sherrie.” He earns most of his income from album sales, concerts and music streaming.
Steve Perry played in several bands before joining Journey in 1977. The band achieved enormous pop-rock success with its 1981 album Escape, which included the now-classic song “Do not Stop Believin’. As the group’s lead singer, Perry became one of the most famous singers of the era. He also had several hits of his own, including “Oh Sherrie.” Perry left Journey in 1987, and apart from a brief reunion, he remains a solo artist to this day.
To calculate the net worth of Steve Perry, 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:
|Net Worth:||$70 Million|
|Monthly Salary:||$1 Million|
|Annual Income:||$10 Million|
|Source of Wealth:||Record producer, Singer-songwriter|
Steve Perry grew up in California as the son of Portuguese parents. He was around ten years old when he discovered his career path while driving with his mother; after hearing Sam Cooke on the radio, the young Perry decided he wanted to be a singer.
Perry was a member of the marching band in high school in Lemoore, California. He tried college for a while, singing in the choir, but eventually dropped out to pursue his musical dreams. In order to break into the industry, he relocated to Los Angeles for a period of time.
He worked a variety of jobs there, including singing commercials and working as an engineer in a recording studio. Perry was a vocalist and drummer in a variety of bands during this time. He appeared to be on the verge of a breakthrough with the band Alien Project when it abruptly disbanded — tragically, one of its members was killed in a car accident.
Journey: “Oh Sherrie” and “Don’t Stop Believin'”
Perry got his big break in 1977, when he was hired as the vocalist for Journey, a jazz rock band that began performing in San Francisco in the early 1970s. With Perry on board, the band shifted more toward mainstream rock, and their first album with Perry, 1978’s Infinity, achieved chart success. “Lights,” the band’s ode to San Francisco, was a minor hit, as were “Wheel in the Sky” and “Anytime.”
Journey’s next album, Evolution, reached the Top 20 with “Lovin’, Touchin’, Squeezin'” (1979). Escape (1981), fueled by hits like “Open Arms,” “Who’s Crying Now,” and “Don’t Stop Believin’,” became the band’s first No. 1 album, selling more than 7 million copies. While the band was hugely popular among music fans, many critics were harsh.
Journey had emerged as one of rock’s top acts by the early 1980s. Perry demonstrated that, despite his diminutive stature, he possessed one of the era’s biggest and most versatile voices. He could sing ballads like “Open Arms” as well as rock anthems like “Any Way You Want It.” Behind the scenes, Perry contributed to the writing of these and many of the band’s other hits. With guitarist Neal Schon and keyboardist Jonathan Cain, he co-wrote their most famous song, “Don’t Stop Believin’.”
With 1983’s Frontiers, Journey remained one of the era’s best-selling acts. Songs on the album included “Separate Ways (Worlds Apart)” and “Faithfully.” To promote the album, the band embarked on a world tour. Journey was also the first band to license their music and likenesses for a video game around this time.
Journey experienced another period of success with 1986’s Raised on Radio. Perry, on the other hand, was ready to part ways with his bandmates. Perry left the band after the album tour in 1987. Perry explained in a statement to People magazine: “After ten years with Journey, I experienced job burnout. I had to put my feet back on the ground and rediscover my love of singing.” Perry was also dealing with some personal issues at the time; his mother had become very ill, and he had spent a lot of time caring for her before she died.
Perry reunited with Journey for the reunion album Trial By Fire in 1996, which peaked at No. 3 on the album charts. But health issues quickly sidelined the famous singer—a hip condition that necessitated hip replacement surgery—and his bandmates decided to carry on without him.
Perry released his first solo album, Street Talk, while still with Journey (1984). The album sold over 2 million copies, aided by the hit single “Oh Sherrie.” Perry took a break from his next project after becoming exhausted after his divorce from Journey.
Perry re-emerged on the pop-rock scene nearly a decade later with 1994’s For the Love of Strange Medicine. While the album was well received—one ballad, “You Better Wait,” was a Top 10 hit—Perry was unable to replicate his previous success. In 1998, he contributed two songs to the soundtrack of the animated film Quest for Camelot. That same year, Perry released Greatest Hits + Five Unreleased.
While Perry has largely avoided the spotlight, his voice can still be heard in films and on television. His songs are frequently used as soundtracks, and Journey’s “Don’t Stop Believin'” was even heard at the end of the hit crime drama series The Sopranos in 2007. In 2009, a cover version of the song was created for the hit high school musical show Glee, introducing Perry’s work to a new generation.
Several reports claim that Perry began working on new material around 2010. He even built a studio in his home outside of San Diego, California. “I’m finishing up that room, and I’ve written a whole bunch of ideas and directions, all over the place, in the last two, three years,” Perry told Billboard in 2012.
Perry ended his self-imposed exile from the concert stage in 2014. He performed with the Eels on several occasions. Perry told The Hollywood Reporter that “I’ve done the 20-year hermit thing, and it’s overrated.” His return to performing “has a lot to do with a lot of changes in my life, including losing my girlfriend a year ago and her wish to hear me sing again” — a reference to his romance with Kellie Nash, who died of cancer in late 2012.
Although Perry and his former bandmates had long since parted ways, the group did reunite in April 2017 for their induction into the Rock and Roll Hall of Fame.
In the meantime, the singer resumed recording. On August 15, 2018, he released “No Erasin,” his first new song in 20 years. The song was released ahead of his new album, Traces, his first full-length studio recording since 1994’s For the Love of Strange Medicine.
Whatever the future holds for Perry, he has already cemented his place in rock history. Rolling Stone magazine named him one of the top 100 singers in the world. Perry’s voice is one-of-a-kind, according to Randy Jackson, an American Idol judge and former Journey bassist. “Aside from Robert Plant, no singer in rock has come close to Steve Perry,” Jackson said. “He developed his own style in terms of power, range, and tone. He combined elements of Motown, the Everly Brothers, and Led Zeppelin.”
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