Film producer and music businessman Robert Stigwood was of Australian and British descent. Stigwood is most known for leading the Bee Gees and Cream. Additionally, he is well recognised for overseeing shows like “Hair” and “Jesus Christ Superstar.” Stigwood is the director of movies like “Grease” and “Saturday Night Fever.“
Robert Stigwood’ S Early Life
Film producer and music businessman Robert Stigwood was of Australian and British descent.On April 16, 1934, Robert Stigwood was born in South Australia. The father of Stigwood attended Sacred Heart College in Adelaide and worked as an electrical engineer. He began his career as a copywriter for a nearby advertising firm.
Simon Napier-Bell recalled the incidental travels of Stigwood. He descended a rope ladder fifty feet into a tanker’s hold to give a season who had fallen through a hole morphine. Growing up in Turkey, he resided with a young friend’s family for several months.
Net Worth of Robert Stigwood
As per celebrity net worth, At the time of his passing in 2016, Australian film and music producer Robert Stigwood had a $300 million fortune. This includes the price he received for his vast music publishing business, which he later sold. The Bee Gees, one of the most popular musical groups of all time, were discovered and managed by Stigwood, who is perhaps best remembered for this accomplishment. Along with managing the band Cream, he was directly involved in the making of numerous theatrical performances as well as movies including “Grease” and “Saturday Night Fever.
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Earnings
Every “Saturday Night Fever” copy sold brought Robert $4 in personal profit. There were 22 million albums sold. Robert thus individually profited $88 million with the “Saturday Night Fever Album” alone. In today’s dollars, after accounting for inflation, that is equivalent to earning about $430 million.
Robert Stigwood ‘s movie projects in the 1970s brought in more than $1 billion in income for Paramount Pictures over a three-year span. The revenue from the soundtrack record is not included in this figure because the studio did not own a copy of it. After accounting for inflation, earning $1 billion at the time is equivalent to almost $5 billion now. About $300 million of that was Robert’s share. That is equivalent to $1.5 billion in today’s money after inflation is taken into account.
Yacht
In his later years, Robert partly withdrew from public life, preferring to spend time at his Bermuda estate where he kept a 275-foot boat. His yacht was among the biggest in the world for a long time. In 1992, he sold the yacht to business magnate John Paul Getty.
Real Estate
Robert reportedly planned to sell his 500-acre manor in East Cowes, Isle of Wight, in 2004. He originally bought the house back in the early 1990s for 1.5 million pounds, and he put it on the market with a price tag of 9 million pounds. Stigwood spent a decade renovating the estate after making the acquisition. In these repairs, the panelled chambers were replaced, and the Prince Albert-designed gardens were brought back to their former splendour. The house has a vineyard on the property that used to supply the British royal family.
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Frequently Asked Questions
How much did Robert Stigwood have when he passed away?
At the time of his passing in 2016, Australian film and music producer Robert Stigwood had a $300 million fortune.
Stigwood was he married?
Stigwood informed them that he was withholding their royalties. The dispute was resolved outside of court, and the parties made their peace in the open. He never got married and has recently led a rather quiet life. He sold his enormous estate on the Isle of Wight, where he had lived for a long period, in 2005.
Who is the Bee Gees’ legal owner?
“We’re thrilled to welcome the Bee Gees’ exceptional music to the Universal Music Group family and we look forward to building upon their tremendous legacy,” said Universal Music Group. Barry, Robin, and Maurice Gibb, collectively known as The Bee Gees, have sold more than 220 million records worldwide.
Who was Robert in the Bee Gees?
Robert Stigwood, the producer of “Grease” and “Saturday Night Fever” and manager of the Bee Gees, has passed away. He was 81. His office announced his passing on Monday.