Stevie Nicks' Net Worth: A Look at Her $120 Million Legacy

Stevie Nicks' Net Worth: A Look at Her $120 Million Legacy.

What is Stevie Nicks's Net Worth?

Stevie Nicks's net worth is estimated to be around $120 million. She's a renowned American singer and songwriter, famous for her role in the legendary band Fleetwood Mac, as well as her impressive solo career. Interestingly, she holds the unique distinction of being the only woman to be inducted into the Rock & Roll Hall of Fame twice—once with Fleetwood Mac and again for her solo work.

Over the years, Stevie has penned numerous songs that have become timeless hits. As the main songwriter, she has reaped significant royalties from her music. In December 2020, she made headlines by selling 80% of her copyright interests to Primary Wave for a whopping $80 million.

Early Life and Career Beginnings

Stevie Nicks, whose full name is Stephanie Lynn Nicks, was born on May 26, 1948, in Phoenix, Arizona. Her dad, Jess Nicks, was the president of Greyhound, which meant the family moved around quite a bit. The nickname "Stevie" came from her toddler days when she would say her name as "tee-dee." She started singing early on, thanks to her grandfather, who taught her to perform duets with him.

At 16, she got a Goya guitar and began writing her own songs. While attending Menlo-Atherton High School in California, she met Lindsey Buckingham, who would become both her musical partner and love interest. He invited her to join his psychedelic rock band, Fritz, which opened for big names like Jimi Hendrix and Janis Joplin in the late '60s. Although they both went to San Jose State University, Stevie eventually dropped out to focus on her music career.

Career

After Fritz broke up in 1972, Nicks kept collaborating with Buckingham on new music. They landed a record deal and dropped their album "Buckingham Nicks" in 1973. After juggling a few odd jobs, they got a call from drummer Mick Fleetwood and joined Fleetwood Mac in 1975. Their first album with the band, simply titled "Fleetwood Mac," came out in July 1975. The following album, "Rumours" (1977), became the top-selling album of the year, racking up over 40 million copies sold globally. It held the No. 1 position on the U.S. albums chart for 31 weeks and topped charts in several other countries too. It even snagged the Album of the Year award in 1978 and produced four Top 10 singles in the U.S. Nicks also contributed to other Fleetwood Mac albums like "Tusk" (1979), "Mirage" (1982), "Tango in the Night" (1987), "Behind the Mask" (1990), and "Say You Will" (2003).

Nicks kicked off her solo career in 1981 with "Bella Donna," which went platinum in under three months and eventually hit quadruple-platinum. Her solo discography includes albums like "The Wild Heart" (1983), "Rock a Little" (1985), "The Other Side of the Mirror" (1989), "Street Angel" (1994), "Trouble in Shangri-La" (2001), "In Your Dreams" (2011), and "24 Karat Gold: Songs from the Vault" (2014).

Nicks is celebrated for her unique voice, characterized by a quick vibrato, along with her enchanting visual style and meaningful lyrics. As a solo artist, she’s been nominated for eight Grammy Awards, and with Fleetwood Mac, she’s received six nominations. Notably, she’s the only woman to be inducted into the Rock and Roll Hall of Fame twice—first as part of Fleetwood Mac in 1998 and then as a solo artist in 2019.

Earnings from Live Nation

Back in October 2018, we got a peek into the financial side of Fleetwood Mac thanks to a lawsuit from Lindsey Buckingham, who’s been in and out of the band. He took legal action against his former bandmates after they kicked him off the 2018-2019 Live Nation tour. The lawsuit stated that under their agreement with Live Nation, each member was set to earn $200,000 per show for 60 shows, totaling around $12 million. If attendance hit certain targets and more dates were added, that figure could go up to $14 million.

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Three months later, they settled the lawsuit for an undisclosed amount. Buckingham shared his thoughts, saying he was content with the outcome and wasn’t looking to stir up any drama, trying to approach the situation with compassion and wisdom.

Song Catalog Sale

On December 4, 2020, it was revealed that Stevie struck a deal to sell 80% of her music catalog to Primary Wave, a music publishing company, for a whopping $100 million. This means she pocketed $80 million but still kept a 20% share. Her catalog features hits like "Edge of Seventeen," "Landslide," and "Rhiannon."

Real Estate

In 2005, Nicks scooped up a gated property on 1.2 acres in the Pacific Palisades area of Los Angeles for about $9 million. She put it on the market in December 2017 with a price tag of $14 million, but didn’t find a buyer at that price. Eventually, she sold it through an off-market deal, so we don’t know the exact date or final sale price. Back in 2004, she also bought a stunning ocean-view penthouse condo in Santa Monica for $3 million.

In 1981, Nicks constructed a custom 8,000-square-foot mansion in Paradise Valley, Arizona, close to her hometown. For many years, she lived there with her brother and his family. She ended up selling the place in 2007 for $3 million.

Personal Life

Nicks has been married just once, tying the knot with Kim Anderson back in 1983. Kim was the widower of Nicks' friend, Robin, who sadly passed away from cancer shortly after giving birth, naming Nicks as the godmother of her child. Nicks has mentioned that their marriage was a result of their grief, saying it felt like the only way to cope, but they ended up divorcing just three months later.

Throughout her life, Nicks has been linked to several notable figures, including Lindsey Buckingham, Mick Fleetwood, Don Henley, J.D. Souther, Jimmy Iovine, and Joe Walsh. Interestingly, she’s also an ordained minister with the Universal Life Church and officiated the wedding of singers John McCauley and Vanessa Carlton.

Summary

Stevie Nicks, with a net worth of $120 million, is a legendary singer-songwriter celebrated for her work with Fleetwood Mac and her successful solo career. She holds the unique distinction of being inducted into the Rock & Roll Hall of Fame twice.

Nicks's timeless hits, including "Landslide" and "Edge of Seventeen," have earned her significant royalties and a major $80 million catalog sale in 2020. Beyond music, she’s known for her iconic style, real estate ventures, and influence on generations of artists. Despite personal challenges, Nicks remains a trailblazer, cementing her legacy as a transformative figure in rock music.