They released hits such as “Refugee,” “Here Comes My Girl” and “Don’t Do Me Like That.” The band continued to release music together and over time, became very successful. Their second studio album, You’re Gonna Get It!, performed much better. They signed a record deal and started making music, releasing their first album in Nov. Mike Campbell, Benmont Tench, Ron Blair, Stan Lynch, and Petty made up the band. Petty moved to California and after a failed attempt at making it big with the band Mudcrutch, formed Tom Petty and the Heartbreakers. He learned to play guitar and by the age of 17 dropped out of high school to pursue his music career. 20, 1950, Petty grew up admiring Elvis Presley and the Beatles, according to Biography. The Richest calculated Petty’s net worth to be $95 million as did Celebrity Net Worth.īorn in Gainsville, Fla., on Oct. While his exact net worth is unknown, there are ballpark figures on Petty’s fortune. Petty, along with Jeff Lynne, earned a co-writing credit on Smith’s song as well as royalties which definitely increased Petty’s bottom line. In 2015, Petty won a lawsuit against singer Sam Smith because of similarities between Smith’s hit song “Stay With Me” and Petty’s hit song “I Won’t Back Down,” according to Newsweek. Tom Petty of Tom Petty and the Heartbreakers performs on the main stage on day 2 of The Isle of Wight Festival at Seaclose Park on June 22, 2012, in Newport, Isle of Wight. For instance, in 2014 he made $6.7 million in sales from the release of his first No. While his Petty’s personal net worth at the time of his death couldn’t be ascertained, according to Money, his previous earnings were available. They toured that year, which attributed to their ranking amongst the world’s highest-paid musicians. The band, Tom Petty and the Heartbreakers, were worth an estimated $38 million in 2011, according to Forbes. It was later determined that Petty showed no signs of brain activity and he was then taken off life support. Petty went into full cardiac arrest at his home in Malibu, Calif., and after being rushed to the hospital, was put on life support. Petty died at the age of 66, according to Newsweek, 18 days shy of his 67th birthday. How old was Tom Petty at the time of his death? Keep reading to learn about Petty’s career and his net worth. Known for his song-writing ability and sometimes his fashion, “Free Fallin’” and “American Girl” singer, Tom Petty left a big mark on the music industry and fans.
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