Dave Matthews Net Worth - Income And Earnings As A Musician
Dave Matthews Net Worth$300 million
|Birth Name||David John Matthews|
|Birth place||Johannesburg, South Africa|
Dave Matthews is an American singer-songwriter and record label owner, mostly known as the frontman of the rock band Dave Matthews Band. He has released nine albums with the band, all of which have garnered similar success.
Along with the band, the American musician has also found similar success as a solo artist. From his highly successful career in the music industry, he has amassed a massive fortune. According to Celebrity Net Worth, Dave Matthews' net worth is estimated to be $300 million.
Dave Matthews Net Worth
As stated above, Dave Matthews has an estimated net worth of $300 million. He has amassed this massive fortune as the founding member of the popular band Dave Matthews Band and a solo artist. His earnings include income from album and merchandise sales and the revenue generated through their tour and live shows.
Income From Album Sales
Dave Matthews was interested in music from an early age but only became a part of the musical community when he moved to Charlottesville, Virginia, in 1986. He started performing publicly, which then led to the formation of his band.
In 1991, Matthews found his band Dave Matthews Band with Carter Beauford, Stefan Lessard, LeRoi Moore, Peter Griesar, and Boyd Tinsley. Under the Table and Dreaming was their debut album, which was released in 1994 and has been certified 6× platinum by the RIAA. Since then, they have released eight other studio albums, most of which have debuted at No.1 in the US.
Along with studio albums, the Dave Matthews Band has also earned a significant amount from their live albums. Dave has also worked on his solo music, which has garnered similar reception. Many of these records have sold millions of copies, and the following are some of their estimated earnings, as stated in The Richest:
|Under the Table and Dreaming||$6.05M|
|Remember Two Things (Live Album)||$1M|
|Before These Crowded Streets||$3.1M|
|Live at Red Rocks (Live Album)||$2M|
|Some Devil (Solo Album)||$1M|
|Away from the World||$500K|
Looking at the earnings from the album sales, it is clear that the records have been successful on their own rights, and for anyone interested, all of these albums can be found on Amazon. Income from these album sales undoubtedly helped increase Dave Matthews' net worth significantly.
Income From Merchandise Sales And Tour
Like many other musical artists and bands, Dave Matthews Band has also released their own merchandise line. The merch line includes items like t-shirts, hoodies, scarves, and several accessories. Some of the merchandise items and their respective prices are given below:
- DMB Firedancer T-shirt - $25.00
- Radiate DMB Pullover Hoodie - $60.00
- DMB Record Tee - $30.00
- Dancing Nancies Lyric Scarf - $30.00
- Ladies Crown Sweatshirt - $60.00
- Ladies Snake Tank - $35.00
- Firedancer Face Mask - $8.00
- Reusable Straws - $10.00
- DMB Ranger Hat - $25.00
- Lyric Cuff Bracelet - $60.00
- Flag Tote - $20.00
- SMB Firedancer Silicone Pint - $15.00
All of the products mentioned above can be bought from the American rock band's online store.
Along with the earnings from merchandise sales, the band has also earned a considerable sum from their tour and live shows. Dave's band Dave Matthews Band sold most tickets and made more money than any other act in North America from 2000 to 2010. According to Forbes, the band earned roughly $1 million per show during their 84 shows tour in 2018. As the band's founder, Matthews' net worth has benefitted from its tour income.
Lifestyle And Assets
With a net worth of $300 million, Dave Matthews and his family live a lavish lifestyle. The Matthews family resides in Seattle, Washington, where Dave bought a beautiful house in 2001. He reportedly paid $360K at the time, and currently, it is worth $1,046,200.
In addition to the home in Seattle, Matthews reportedly owns over a thousand acres of farmland in Virginia. The land purchases also included a farm called Blenheim, which was later turned into a winery. Dave is the owner of the Blenheim Vineyards and even a recording studio that he calls Haunted Hollow.
The number of properties he owns and their estimated cost price shows the lavish life that Dave Matthews and his family enjoy.
Trivia and Facts
- David John Matthews was born in Johannesburg on January 9, 1967.
- Dave's father, John Matthews, was a physicist and worked for IBM. After his father died in 1977, Matthews and his three siblings were raised by their mother, Val Matthews.
- In 1986, he left South Africa and moved to New York to avoid joining the South African military.
- He married his longtime girlfriend, Jennifer Ashley Harper, on August 10, 2000.
- He has three children with his wife, twin girls, Stella Busina Matthews and Grace Anne Matthews, and a son, August Oliver Matthews.
- He has guest appearances in a few movies and television series.