Toby Keith passed away at age 62 after a long fight with stomach cancer. He left behind a huge body of work and a huge net worth. Over the years, he made just as much money from his business ventures as from album sales, if not more.
However, Keith’s music may have been the main reason for all of this, as it earned him a loyal fan base and gave him enough money to invest in Big Machine Records at its start (and in Taylor Swift’s). Find out more about how Keith got rich by reading on.
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Toby Keith’s Net Worth in 2024
Toby Keith was an American country singer, songwriter, actor, and record producer. When he died, he was worth $400 million, as per reports of Celebrity Net Worth. Toby Keith passed away on February 5, 2024, after a long fight with cancer. He was 62 years old.
From the beginning of his music career, Toby Keith showed that he could connect with the people of America and tell stories that hit home with his fans. When his first song, “Should’ve Been a Cowboy,” came out in the early 1990s, it went straight to the top of the charts and became an instant country classic.
Keith became a regular in the country music scene with a string of hits that built on this early success. Songs like “How Do You Like Me Now?!” and “Beer for My Horses,” which he sang with Willie Nelson, made him even more of a hitmaker.
Toby had 60 songs that made it to the top of the country music charts, with twenty of them being #1 hits. He was made a member of the Songwriters Hall of Fame in 2015. A lot of the time, Toby Keith’s songs showed how much he loved and respected America.
After 9/11, this was especially clear in songs like “Courtesy of the Red, White, and Blue (The Angry American),” which showed how angry and determined the whole country was. Such songs, which sometimes caused trouble, showed how ready Keith was to use his music to speak out for what he believed in.
Toby Keith was famous for more than just his singing. He was also an entrepreneur. Throughout his career, Toby made a lot more money from these non-musical activities than from recording or playing music. started a record label and several restaurant chains, all of which reflected his unique brand and personality.
His “I Love This Bar & Grill” places, named after one of his hits, offer fans a mix of good food and music that is all about Toby Keith. A little-known record company called Big Machine Records cost him $400,000 for a 10% stake in it in 2004.
The label’s founder, Scott Borchetta, signed a 15-year-old girl named Taylor Swift a year ago. Keith’s charitable work, especially his work to help soldiers, also shows how much he cares about giving back. He always showed his respect for the military community through many tours, charity events, and public appearances.
How did Toby Keith make money?
Toby almost gave up on becoming a singer. He said he would look for other work if he didn’t get a record deal by the time he was 30. His first single, “Should’ve Been a Cowboy,” came out in 1993. He got a contract just in time.
Toby kept putting out hits after the first one went straight to the top of the country music charts. “Beer for My Horses,” “Courtesy of the Red White and Blue,” and “How Do You Like Me Now?” are just a few of his well-known songs.
During his long and successful career, he put out 19 studio tracks. In 2021, his last album with new songs came out. Toby made money from his songs and tours, but he also had a restaurant chain called I Love This Bar and Grill.
In 2004, the first restaurant opened in Las Vegas. Since then, many more have opened around the world. The man from Oklahoma also made a smart move when, in 2004, he paid $400,000 for a 10% stake in Big Machine Records, the label that signed Taylor Swift.
Making his Wild Shot mezcal booze in 2007 was one of Toby’s most successful business moves. His alcohol business is said to have brought him $60 million to $100 million a year.
Toby Keith Business Ventures
Toby Keith, the late American country singer and songwriter, was not only successful in the music industry but also made significant investments in various business ventures. Some of his notable business ventures and investments included:
Big Machine Records: In 2004, Keith invested $400,000 for a 10% stake in Big Machine Records, a record label that signed artists like Taylor Swift, proving to be a highly profitable investment
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Show Dog Nashville: Keith founded his independent record label, Show Dog Nashville, in 2005, which later merged with Universal South Records to form Show Dog-Universal Music, further adding to his wealth
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Restaurants and Liquor Brand: Keith owned a chain of successful restaurants called “I Love This Bar & Grill,” and he also had a lucrative liquor enterprise, with his Wild Shot mezcal brand experiencing robust growth, recording over $180 million in sales in 2023.
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Other Ventures: Keith also ventured into other industries, such as fishing, cannabis, and horse racing. In May 2023, he purchased Luck E Strike, a company that makes bait and tackle for fishing, and he also launched a mezcal brand called Wild Shot in 2011
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These ventures, along with his successful music career, contributed to Toby Keith’s impressive net worth, which was estimated to be $400 million at the time of his passing.
Toby Keith Real Estate
Toby Keith, the late American country singer and songwriter, owned several notable properties, including:
Oklahoma Residence: Keith’s primary residence was a 10,000-square-foot mansion on a 160-acre ranch in Norman, Oklahoma. The estate featured a large pool, hot tub, lake, and a guarded driveway with a guardhouse. It served as a place for him to recharge and entertain visitors, reflecting his hard work and devotion.
Other Properties: In addition to his Oklahoma residence, Keith owned several other properties, including a Maui beachfront estate in Hawaii, a condo in Nashville, Tennessee, a ranch in Texas, and a condo in Florida.
Nashville Property: Keith also had a 3,428-square-foot home on Nashville’s West End Avenue, built in 2000, which provided quick access to the city’s music venues and recording studios.
These properties, along with his successful music career and business ventures, contributed to Toby Keith’s substantial net worth, which was estimated to be $400 million at the time of his passing.
Toby Keith’s Car collection
Toby Keith, the late American country singer and songwriter, had a notable car collection that included vintage cars from popular automakers such as Ford, Chevrolet, and Lincoln.
Some of the cars in his collection included a 1934 Ford Custom 2-Door Cabriolet, a Ford GT, and a Ford Mustang Mach 1 428 Cobra Jet, which was his favorite.
He also owned a Ford Expedition Limousine for fancy nights out. In addition to his vintage cars, Keith also purchased a brand new 2015 Ford F-150 Platinum edition 4×4.
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