Syd Barrett Net Worth at Death – How Did He Get Rich?

Syd Barrett Net Worth

Syd Barrett had an estimated net worth of $5 million at the time of his death. Guitarist Syd Barrett helped found the psychedelic rock band Pink Floyd. After a mental break forced his departure, he spent 30 years as a painter and recluse. He earned most of his income from album sales and concerts. 

Syd Barrett began playing guitar at a young age. He joined the band that would become Pink Floyd as the guitarist while attending college in London and wrote many of their early songs. He became erratic quickly and was forced to leave the band. He quit music after a brief solo career and moved in with his mother, where he painted and rarely spoke to others.

To calculate the net worth of Syd Barrett, 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: Syd Barrett
Net Worth: $5 Million
Monthly Salary: $70 Thousand
Annual Income: $1 Million
Source of Wealth: Singer, Musician, Singer-songwriter, Guitarist, Songwriter

Early Life

Roger Keith Barrett, better known as Syd Barrett, was born on January 6, 1946 in Cambridge, England. Barrett was the fourth of five children born to Max and Winifred Barrett, who supported his musical interests. As a child, he learned to play the piano, ukulele, banjo, and guitar. He also enjoyed writing and drawing, and in high school, he received awards for his poetry.

There are several stories about how Barrett got the nickname “Syd.” According to some sources, he was given the nickname around the age of 14 and it refers to a local bass player named Sid Barrett. Others claim he got the nickname as a child at scout camp.

Barrett formed Geoff Mott and the Mottoes as a teenager. Barrett began performing Beatles covers at parties and picnics after the band disbanded in 1962. He began writing his own songs the following year. He moved to London in 1964 to study painting at Camberwell College of Arts.

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Pink Floyd

Barrett knew Roger Waters from his Cambridge school days and reconnected with him when he moved to London. Waters had formed The Sigma 6, later The Tea Set, with Richard Wright and Nick Mason, and when one of the members left, Barrett joined.

The band went through several member and name changes before settling on Pink Floyd in the summer of 1965 as a tribute to two American blues musicians, Pink Anderson and Floyd Council. Later that year, the band went into the studio for the first time and recorded Beatles covers as well as three of Barrett’s songs: “Double O Bo,” “Butterfly,” and “Lucy Leave.” Barrett also experienced his first acid trip.

Pink Floyd found a management team in 1966 and became a full-time band in 1967, when they recorded and released their debut album, The Piper at the Gates of Dawn. However, by the middle of that year, Barrett’s behavior had become more unusual, and many attributed it to an LSD-induced psychotic break.

In one performance, he slowly detuned his guitar on stage; in others, he strummed one chord for the duration of the show or didn’t play at all. He gave one-word answers to interviewers’ questions on television or simply stared blankly and remained mute.

When Barrett didn’t show up or couldn’t perform during their 1967 tour with Jimi Hendrix, the band had to bring in a substitute guitarist, and by the end of the year, they had hired David Gilmour as a second guitarist to cover for Barrett. Pink Floyd announced Barrett’s departure from the band on April 6, 1968.

Later Career

Barrett released two albums after leaving Pink Floyd, The Madcap Laughs and Barrett, both in 1970, but he only played one concert between 1968 and 1972. In 1972, he formed The Last Minute Put Together Boogie Band with Twink and Jack Monck to support a few visiting musicians in concert. The trio went on to form the brief-lived band Stars. EMI Records released the album Opel in 1988, which included previously unreleased music by Barrett from 1968 to 1970.

Barrett was inducted as a founding member of Pink Floyd into the Rock and Roll Hall of Fame in 1996, but he did not attend the ceremony. A number of box sets, compilations, and re-issues have also been released over the years.

Personal Life and Death

Barrett returned to painting after moving in with his mother in Cambridge in 1978. He also started gardening. He avoided the spotlight, became irritated when paparazzi took pictures of him, and kept to himself, mostly interacting with his sister, Rosemary. He was briefly hospitalized, but he was never officially diagnosed with a mental illness or medicated.

Barrett died of pancreatic cancer on July 7, 2006, in Cambridge, England, at the age of 60.

Further Reading

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How To Become Rich Like Syd Barrett?

Syd Barrett did not become rich by luck. To become as rich as Syd Barrett, you have to work smart.

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

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

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