rod stewart net worth

Rod Stewart Net Worth 2023: Income Sources, Family, and Properties

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Roderick David Stewart, in short, Rod Stewart, is a world-renowned British singer-songwriter who’s been influencing the music industry for over six decades. Known for his soulful, distinctive raspy voice, Rob has earned himself the reputation of one of the most successful artists of all time.

Rod Stewart is an international musician with a 60-year singing career and a $300 million net worth. He has sold over 250 million records globally. Stewart is married to Penny Lancaster and has eight kids from five women. His success has allowed him to purchase several multi-million-dollar houses.

Although nearly 80, the Maggie May singer wears his age exceptionally well and shows no signs of slowing down. Read on to learn more about Rod the Mod’s rich biography, including his net worth, income sources, family, and properties.

Rod Stewart Net Worth

Rod Stewart currently has an estimated net worth of around $300 million per Celebrity Net Worth. Born in a working class, Stewart’s fortune comes from an impressive 60-year singing career, selling over 250 million records (albums and singles) worldwide.

Rod Stewart Bio

Full NameRoderick David Stewart
NicknameRod the Mod
Net Worth$300 million (2023)
Date of BirthJanuary 10, 1945
Age78 in 2023
Nationality United Kingdom
Height1.78 m (5 ft 10 in)
Source of WealthProfessional Singer and Songwriter 
MarriedCurrently married to Penny Lancaster (divorced to Alana Hamilton in 1984 and Rachel Hunter in 2006)
Children8 children (Sarah, Kimberley, Sean, Ruby, Renee, Liam, Alastair Wallace, Aiden Patrick)
Siblings2 brothers, 2 sisters

As a young fellow, Rod Stewart only took an interest in music in the early 1960s. And although best known as a solo performer, Stewart’s start to fame was garnered by partnering with several short-lived R&B and blues-rock bands before becoming an international star with his famous album Every Picture Tells a Story in 1971.

Stewart took an early interest in folk and rhythm and blues music. After busking around and traveling with folk singer Wizz Jones and playing the harmonica for a year, he joined The Dimensions in 1963. He joined several more bands, including Hoochie Coochie Men in 1964, Soul Agents from late 1965 to early 1966, and The Steampacket which split up in late 1966.

During this time, he got his popular nickname Rod the Mod, due to his alternative punk-rock style and spiky rooster trademark hairstyle.

In 1667, Stewart moved to the Jeff Beck Group, where he tasted his first bit of success, releasing two albums that hit #15 on the US charts.

His collaboration with Beck ended after Ron Wood (ex-group member of the Jeff Beck Group) persuaded him to join the Faces in 1969. At the same time, Rob Stewart started a lucrative solo career, releasing his first debut album, An Old Raincoat Won’t Ever Let You Down (released in the United States as The Rod Stewart Album).

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However, in 1971 was when Stewart’s career truly peaked. His third solo album, Every Picture Tells A Story, hit number one in Britain and the United States.

The album incorporated a blend of folk, blues, and hard rock genres. It also includes Rod’s best-known song Maggie May, still played relentlessly by classic rock lovers. In the same year, the Faces released their best album, “A Nod Is as Good as a Wink … To a Blind Horse.”

For the following two decades, Stewart continued to produce hits like “Do Ya Think I’m Sexy” and his cover of the Tom Waits song “Downtown Train.” However, most of his outputs were dismissed as inconsistent and uninspired.

During the early 2000s, Stewart dropped songwriting and focused on producing covers of others’ work – it paid off! In 2004, “Stardust…The Great American Songbook Volume III” earned him his first Grammy Award.

Today, Rob Stewart has 10 number-one albums behind his name, including 31 top-ten singles in the UK, 16 top-ten singles in the US, a Brit award, and a Grammy. His hard work and perseverance throughout his 60-year career have earned him a vast fortune and the title of one of the best-selling musicians in history.

Where Does Rod Stewart’s Wealth Come From?

Rod Stewart came from humble beginnings. His stellar wealth comes from hard work, persistence, and a successful 60 year long singing and songwriting career.

The British singer-songwriter has achieved global fame in rock and pop music genres. He is particularly famous in the United States and the United Kingdom, where he released multiple number-one hits.

Stewart’s distinctive raspy voice and hits like “Maggie May,” “Tonight’s The Night,” the classic Rod “You Wear it Well,” the rock-disco “Da Ya Think I’m Sexy,” “Blondes Have More Fun,” and “You’re in My Heart” made him a household name.

“Maggie May” remained number one on the Hit Chart List for five weeks straight, and “Da Ya Think I’m Sexy” remained number one for four weeks.

“Gasoline Alley,” Every Picture Tells a Story,” “Out of Order,” “Never a Dull Moment,” and “Tonight I’m Yours” were amongst Rod Stewart’s best-selling albums.

Rod Stewart’s Family Background

Roderick David Stewart was born at home on January 10, 1945, at Highgate, North London, England, during World War II. He was the youngest of five kids, born eight years after his closest sibling. Rod had two sisters (Peggy and Mary) and two brothers (Don and Robert).

His father, Robert Joseph Stewart, was Scottish and a master builder in Leith, Edinburgh. His mother, Elsie Rebecca Gilbart, was English and grew up in Upper Holloway in North London.

Rod Stewart’s family was neither poor nor affluent. Still, he was spoiled as the youngest child, calling his childhood “fantastically happy.” His childhood was filled with hobbies like football and model railroad construction.

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He left school by 16 and started working in Kentish Town as a silk screen printer. Like his father, Rod has a great passion for music and got his first guitar in 1959. However, before pursuing a music career, in 1960, he went for football trials at Brentford FC, hoping to fulfill his ambition of becoming a professional footballer.

Rod stated in his autobiography that he was never called back after the trials.

Rod Stewart is also well-known for his large, blended family. The singer shares eight children (four daughters and four sons) with five partners, including ex-girlfriends Susannah Boffey and Kelly Emberg, ex-wives Alana Stewart and Rachel Hunter, and current wife, Penny Lancaster.

At the young age of 18, Stewart welcomed his firstborn, Sarah Streeter, in 1963 with Susannah Boffey, who was just 17. Unfortunately, the pair gave their daughter up for adoption due to financial uncertainties.

Sarah discovered her father’s identity at 18 but only reconciled in 2013. The pair have formed a strong bond since then but do not refer to each other as “father” or “daughter.”

Rod and his first wife, Alana Stewart, actor and former model, welcomed daughter Kimberly in 1979 and son Sean in 1980 before they split.

Rod Stewart welcomed his fourth child, daughter Ruby with ex-girlfriend Kelly Emberg in 1987. Ruby got her father’s singing talent and is a member of the band Revoltaire.

In his second marriage to model and actor Rachel Hunter, he fathered two children – daughter Renee, born in 1992, and son Liam in 1994.

Alastair Wallace, born in 2005, is Stewart’s first son with his current wife, Penny Lancaster, a former fashion model and photographer. Their second son, Aiden Patrick, was born in 2011.

Rod Stewart was diagnosed with a thyroid cancer diagnosis in 2000. After undergoing successful surgery, the singer completely lost his voice. He had to effectively relearn singing – the throat muscles are torn apart during surgery and need to relearn their “memory” of singing.

His voice only returned to its former glory after nine months post-op. But, grateful, he adds that he experiences a new warmth to his voice, which is an upside to his raspy voice.

Well-Known Accomplishments

During his six-decade-long career, Rod Stewart has released 32 studio albums, completed 32 tours across the globe, and earned multiple awards and achievements. Here are some of his best-known accomplishments:

  • 1991: Received Golden Europa Best International Singer Award
  • 1993: Won the Brit Awards for Outstanding Contribution to Music
  • 1993: Best Music International, Golden Camera, Germany
  • 1993: Legends Award from Word Music Awards
  • 1994: Inducted into the US Rock and Roll Hall of Fame as a solo artist
  • 1994: Made his way into the Guinness Book of World Records for the most-attended free concert ever. Around 4.2 million people attended the performance on Copacabana Beach in Brazil.
  • 1999: Received the Lifetime Achievement Award Ivor Novello Awards
  • 2001: Received the first-ever World Music Awards Diamond Award for over 100 million records sold globally
  • 2005: Wins his first Grammy Award for Best Traditional Pop Vocal Album category “Stardust… The Great American Songbook Volume III” after 13 nominations
  • 2005: Received a star on the Hollywood Walk of Fame for his contribution to music
  • 2006: Inducted into the UK Music Hall of Fame
  • 2007: Performs at Wembley Stadium following the death of Princess Diana
  • 2007: Awarded CBE by Prince Charles in the New Year Honors for his service to music
  • 2011: Received the ASCAP Founders Award
  • 2012: Inducted into the US Rock and Roll Hall of Fame for the second time as a member of Faces
  • 2016: Appointed Knight Bachelor in the Birthday Honors
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Rod Stewart’s Properties

Rod Stewart’s vast income has allowed him to purchase some of the most expensive luxury estates in the world. The singer has owned many multi-million-dollar houses.

Here are a few of his grandeur purchases:

  • 1986: Rod Stewart bought a Country Estate in England for $1 million and sold it in 2019 for a whopping $6.15 million.
  • 1991: Stewart spent $12.1 million on Beverly Park house. The 20,000-square-foot house is currently valued at around $60 million.
  • 1996: He owned a gorgeous Seaside Property in Palm Beach, Florida, for 7.2 million. The beachfront property is worth approximately $20 million today.
  • 2013: Rod purchased the eighteenth-century Darrington House castle for $6.2 million. The house features ten beautiful bedrooms, five bathrooms, floor-to-ceiling windows, and three fireplaces.
    The castle also boasts four cottages, a greenhouse, a carriage house, a rose garden, an orchard, a wine cellar, a tennis court, a croquet lawn, and spectacular outdoor dining areas.

Lesson to Learn From Rod Stewart’s Life

During an interview, Rod Stewart shared some valuable life lessons he learned along the way.

Stewart recalls childhood memories where his mother insisted that he eats his entire plate of food. The star addresses his mother’s struggles to provide during the war and firmly believes you should acknowledge and be grateful for what you have.

At the same time, Stewart reflects on the importance of being shrewd with your finances. Despite his vast net worth, he still believes in looking after his finances. His old friend Ronnie Wood loved calling him “tight as two coats of paint.”

The singer shares that creative blocks and inspiration can strike when you least expect it. He talked about waking up in the middle of the night to pen down new lyrics and ideas.

A lesson we can extract from his six-decade-long career is to never give up and fear taking on new opportunities. Rod Stewart joined multiple bands and explored several music genres before tasting success. His resilience, perseverance, and love for music earned him numerous awards. It made him one of the most successful musicians of all time.

Regardless of your challenges and fears, you should always believe in your dreams, keep pushing forward, and never stop reaching for the stars.

Wrap-Up

Rod Stewart is a worldwide phenomenon. His raspy voice and dynamic music shaped the music industry for good. Now 78, Rod Stewart is a multimillionaire and can live out the rest of his days in comfort.

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