David Foster Net Worth: How Much Is The Music Legend Wealth?

David Foster Net Worth
David Foster Net Worth

David Foster is one of music’s most successful and influential producers, composers, and songwriters. He has collaborated with some of the industry’s biggest artists, including Whitney Houston, Celine Dion, Michael Buble, Madonna, and Barbra Streisand.

He has also received 16 Grammy nominations and has been nominated 47 times. But how much money is David Foster’s net worth, and how did he get it? Here’s an overview of his work, lifestyle, and net worth.

David Foster Net Worth

David Foster has a net worth of $150 million as of October 2023. He made his riches as a music producer, composer, songwriter, musician, record executive, television producer, and entrepreneur.

David Foster Net Worth

He and the musicians he has worked with have sold over 500 million CDs worldwide, and he has garnered royalties from his songs and scores. He has also purchased real estate in Los Angeles, Malibu, New York, Vancouver, and other cities.

He and his wife live a luxury lifestyle, and he enjoys traveling, golfing, and collecting vehicles. He is widely regarded as one of the wealthiest and most powerful men in the music industry.

Short Biodata

Name David Foster
Profession Canadian musician, composer, arranger, record producer and music executive
Yearly Income $10 Million +
Monthly Income $1 Million +
Net Worth (2023) $160 Million
Songwriting partners Celine Dion, Linda Thompson
Music groups Skylark (1971 – 1973), Airplay (1980–1988), Attitudes
Instrument(s) Keyboards, French horn
Genres Classical, pop, rock, gospel, R&B, jazz
Years active 1971–present

David Foster Early Life and Career

David Foster was born in Victoria, British Columbia, Canada, on November 1, 1949. Maurice, his father, was a maintenance yard superintendent, and Eleanor, his mother, was a housewife. He developed an early interest in music and learned to play the piano when he was five years old.

He enrolled in the University of Washington’s music department when he was 13 years old, and when he was 15, he applied for the band leader post at Tommy Banks’ jazz club. In the late 1960s, Foster relocated to Toronto and joined the band Ronnie Hawkins and the Hawks. He also worked as a sideman for Chuck Berry and other performers.

He relocated to Los Angeles in 1974 with his band Skylark, which had a hit song called “Wildflower.” After Skylark split up, Foster founded Airplay with Jay Graydon and began working as a songwriter, producer, and arranger for various projects.

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David Foster Breakthrough and Success

Foster had his debut in 1979, co-writing six songs for Earth, Wind & Fire’s album “I Am,” including the hit “After the Love Has Gone,” which earned him his first Grammy Award for Best R&B Song. He has collaborated with performers including Boz Scaggs, Kenny Rogers, Hall & Oates, Chicago, and Al Jarreau.

He established himself as one of the most sought-after producers in the pop music market in the 1980s. He worked on records for Michael Jackson, Lionel Richie, Whitney Houston, Celine Dion, Madonna, and a slew of other artists.

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He also wrote music for films like St. Elmo’s Fire, The Secret of My Success, Ghostbusters II, and The Bodyguard. In the 1990s and 2000s, Foster continued to collaborate with famous performers such as Mariah Carey, Andrea Bocelli, Josh Groban, Michael Buble, Rod Stewart, Seal, and Mary J. Blige.

Charice Pempengco, Jackie Evancho, and Katharine McPhee were among the newcomers he discovered. In 1995, he launched his own record company, 143 Records, and in 2012, he was named chairman of Verve Music Group.

He also dabbled in television production, producing shows including The Princes of Malibu, Popstars USA, Celebrity Duets, and The Real Housewives of Beverly Hills.

David Foster Personal Life

Foster is a five-time married man with five biological daughters and seven stepchildren. With his first wife, the singer B.J. Cook, he had a daughter named Amy. With his second wife, Rebecca Dyer, he had three children, Sara, Erin, and Jordan.

With his third wife, actress Linda Thompson, he had no children, but he became the stepfather of Brody and Brandon Jenner. With his fourth wife, model Yolanda Hadid, he had no children; however, he became the stepfather of Gigi, Bella, and Anwar Hadid.

The performer Katharine McPhee is his fifth and current wife; she is 35 years younger than he is. They were married in 2019 and had their first child in 2021.

Foster is also a philanthropist who, in 1986, established the David Foster Foundation. The foundation assists children in need of organ transplants and their families with medical expenses, travel costs, and housing fees, among other necessities.

Additionally, the foundation raises awareness about organ donation and encourages individuals to sign up as donors. Over the years, Foster has donated millions of dollars to numerous charities and received numerous awards for his humanitarian work.

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