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How Much Was The Net Worth Of Legendary Singer Tom Petty?

"The Life of the dead is placed in the memory of the living". Though the legendary singer Tom Petty is no longer with us, his music will always give us the glimpses of his life.

Tom Petty died after a five-decades-long career as the lead singer of rock ‘n’ roll band Tom Petty and the Heartbreakers. The legendary musician died at the age of 66 on 2 October 2017.

The Grammy winner Tom Petty gifted the world with the hits such as Free Fallin, American Girl and built a big empire. So want to know about him, his Net Worth, Salary, Income Sources, Lifestyle, Assets, Expenses, House, Car, Nationality, Wife, Children, Death, Personal Details.

Tom Petty Net Worth Details, Salary, Income Sources

Tom Petty was estimated to have a net worth of around $95 million at the time of his death according to Celebrity Net Worth. Tom Petty was a successful American singer, musician, and a songwriter as well as a record producer.

The musician and rock music idol was popular for his guitar riffs and nasal vocal was one of the bestselling artists of all the time. Forbes in 2011 named The Tom Petty and the Heartbreakers a band with an infinite shelf-life because they were one of the highest paid musicians at the time.

Tom Petty Net Worth Details, Salary, Income Sources

With the Heartbreakers band, they released three albums among which song ‘American Girl’ became one of their signature songs. But their album ‘Damn the Torpedoes’ was one of the band’s most successful albums which earned $4.5 million selling 3 million copies.

Eventually, he made his solo debut in 1989 through album ‘Full Moon Fever’ which peaked 3rd position on the US Billboard 200. Although he earned huge success from his solo career, he did not leave his band.

Here is the list of his albums and earnings from the successful albums.

YearAlbumSales (US)Earnings

Tom Petty and the Heartbreakers

You’re Gonna Get It!

500,000 copies

500 thousand copies




Damned the Torpedos (US sales)

Damned the Torpedos (Canada sales)

Damned the Torpedos

3 million copies

120 thousand copies

3.2 million copies

$4.5 million


$4.1 million


Hard Promises

Hard Promises (US sales)

Hard Promises (Canada sales)

1.1 million copies

1 million copies

80 thousand copies

$1.4 million

$1.5 million


1982Long after Dark1,600,000 copies$1.46 million
1985Southern Accents (US sales)1 million copies$1.5 million
1987Let Me Up (I’ve Had Enough) (US sales)1 million copies$1.5 million
1988Travelling Wilburys Vol.14.2 million copies$5.5 million

Full Moon Fever (US sales)

Full Moon Fever (Canada sales)

Full Moon Fever

5 million copies

480 thousand

5.75 million

$7.5 million


$7.48 million

1990Travelling Wilburys Vol.31.2 million copies$1.56 million
1991Into the Great Wide Open2.16 million$3.7 million
1994Wildflowers (US and Canada sales)6 million copies$7.85 million
2006Highway Companion500,000 copies$750,000
2010Mojo with Tom Petty and the Heartbreakers125 thousand$162 thousand

At the time of his death, he had completed 46 road performances and tours from which he earned $38 million.

Tom Petty Acting & Radio Career

Tom Petty also tried his luck in the movie industry. He started with small roles in movies FM and Made in Heaven. He also appeared in TV show It’s Garry Shandling’s Show, The Larry Sanders Show and The Postman.

Did You Know: The movie Postman was a disaster and critics opined that it as one of the worst films of the year which grossed less than $20 million on a budget of $80 million.

Moreover, he lent his voice to an American animated sitcom The Simpsons and King of the Hill. He also made a five-second cameo appearance along with comedian Andy Samberg in a music video.

Most importantly, he hosted a popular radio show, Tom Petty Radio on SiriusXM and Tom Talks to Cool People.

Tom Petty Lifestyle, Assets, Expenses, House, Car, Charity

Tom Petty lived a very lavish lifestyle with his family until his death. He lived near Encino Dam, Los Angeles at a lavish home worth $3 million. Petty’s house was once caught into the fire which did the damage of around $1 million.

After the accident, he again built the house with some fireproof materials and the mansion featured a yoga room, sauna, three-car garage, and a stone-adorned pool. In late 2012, he sold the house for $3.5 million.

Recently in 2017, the house was once again listed on the market for $2.83 million by JPMorgan Chase Bank.

Tom Petty Lifestyle, Assets, Expenses, House, Car

Talking about his car collection, he owned the best luxury cars of all time including

Jaguar XJS$76,000 to $3 million
Lamborghini$4 million to $4.5 million
Ferrari$15 million to $28 million
1993 Cadillac Allante$77,000 to $5 million
V-8 Allante$55,000 to $1 million

Regarding his insurance and taxes, it was said that he had insurance of his luxury cars and used to pay his tax timely.

Tom Petty Personal Details, Nationality, Wife, Children, Death

Tom Petty was born on 20 October 1950 to his father Earl Petty and mother Kathrine Petty in Gainesville, Florida, the United States. He belonged to American Nationality and white ethnicity.

Regarding his personal life, he was married to Jane Benyo (1974 to 1996). The couple was blessed with two children; daughters Adria and AnnaKim.

Do You Know? The reason for their divorce was his heroin addiction.

Later on 3 June 2001, he exchanged his vows with Dana. The duo was together until his death on 2 October 2017.

Tom Petty Personal Details, Nationality, Wife, Children, Death

How Did Tom Petty Die?

Tom Petty died due to a cardiac arrest because of an accidental overdose of prescribed drugs. His body is cremated at the Westwood Village Memorial Park Cemetery on 16th October 2017.

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Updated On Wed Aug 14 2019 Published On Wed Apr 10 2019 By