Toby Keith Net Worth & More.
Toby Keith Net Worth:
The amount of Toby Keith's net worth is $365 million. Toby Keith is an American country singer and songwriter, as well as an actor and record producer, who has an estimated net worth of $365 million.
Toby Keith Covel was born on July 8, 1961, in Clinton, Oklahoma, and grew up there. Carolyn and Hubert Covel have three children, one of whom is a girl and the other two are males. During the summers, he would even go visit his grandmother.
The Supper Club she operated in Fort Smith, Arkansas, was named for her grandfather. It was the musicians who performed at the supper club that Toby was most interested in. He first picked up a guitar when he was eight years old, worked various jobs around his grandmother's club, and ultimately made his way up on stage to perform with the club's resident band.
Originally from Moore, Oklahoma, Toby, and his siblings grew up in both Fort Smith, Arkansas, and Moore again. The Moore High School football team used him as a defensive end, which he excelled at. In the oil fields, after graduating from high school, he worked as a derrick. He rose through the ranks to become operations manager after some time.
The Easy Mony Band was created by Toby and a group of his pals when he was 20 years old. As a result, the band performed at local clubs while Toby continued to work in the oil fields. During the oil industry's tough patch in 1982, he was laid off. Toby subsequently went on to play defensive end with the Oklahoma City Drillers, a semi-pro football team. Easy Money gained some regional recognition a few years later and began performing in honky-tonks in Texas and Oklahoma.
Toby moved to Nashville in the early 1990s and busked on the city's notorious Music Row. This was the beginning of his professional singing career. To promote his music, he distributed demo tapes to the numerous record labels in the city. He returned to Oklahoma because there was little interest in his demo.
When he became thirty years old, he vowed that he would either obtain a recording contract or change his career goals. When a fan of the Easy Money Band who happened to be a flight attendant happened to give his demo tape to a Mercury Records executive while on a flight she was working, it was a stroke of luck for the band. Because of Toby's sound, the executive decided decision sign him to a recording deal.
His debut single, “Should've Been a Cowboy,” peaked at the top of the country music charts in 1993 and remained there for the next five years. It also reached number 100 on Billboard's pop music charts. By the end of the 1990s, the song “Should've Been a Cowboy” had received more than three million airairplayon radio stations all over the country. Even more popular than Billy Ray Cyrus' “Achy Breaky Heart,” it was the most-played country song of the 1990s.
After departing Mercury Records in 1998, Keith released his first four studio albums for various divisions of the company: 1993's “Toby Keith,” 1994's “Boomtown,” 1996's “Blue Moon,” and 1997's “Dream Walkin'.” The singles from each of these albums reached the top ten. “How Do You Like Me Now?!” was released as Keith's breakout single in late 1999, following his signing to DreamWorks Records Nashville the previous year.
This song, which is the title track to his 1999 album of the same name, was the number one country song of 2000, and it was one of numerous chart-topping singles that he recorded while working for DreamWorks Nashville during his employment. Each of his last three studio albums, “Pull My Chain,” “Unleashed,” and “Shock'n Y'all,” yielded three additional number-one singles, and all of the albums were certified four times Platinum.
Throughout the period 1993 to 2000, Toby published a new album every year. At the very least, each release sold 500,000 copies, with the majority selling many times that number.
Having had a handful of songs from his 1999 album “How Do You Like Me Now” rejected by his record label, Toby secured the right to purchase the album from the company for $93,000. In exchange for $200,000, he sold the rights to DreamWorks. It went on to sell 3.1 million copies of “How Do You Like Me Now?”
With 19 studio albums, two Christmas albums, and five compilation albums under his belt, Keith has amassed worldwide sales of over 40 million albums. He had a smash duet with Willie Nelson called Beer for My Horses on his 2002 album, “Unleashed,” which sold 3 million copies worldwide.
Toby invested $400,000 in Big Machine in 2004, acquiring a ten-percent share. It was a risky investment at the time, but it paid out handsomely in the long run. Later, Big Machine signed Tim McGraw, Rascal Flatts, and Taylor Swift to their roster. Every time one of Big Machine's artists is compensated, Toby Keith receives a portion of the proceeds as well.
Toby was approached by Don Marrandino, the proprietor of a Las Vegas casino, with a proposition shortly after establishing his record labels. I Love This Bar and Grill” was the name Marrandino had in mind for a Toby Keith-themed restaurant he intended to open within his casino. In 2004, it was one of the top 50 most grossing restaurants in the United States, according to Forbes magazine.
Typically, this would be sufficient for the vast majority of individuals. Toby Keith, on the other hand, is different. As soon as Toby learned that his friend Sammy Hagar had sold his Cabo Wabo tequila company for $80 million in 2007, he decided it was time to get into the liquor business himself. A Bourbon or vodka brand was on his mind, and he pondered launching one himself. Large-scale A large-scale production of bourbon proved challenging, and the vodka market appeared to be oversupplied.
In the end, he chose Mezcal as his drink of choice. Toby was able to locate a distributor and began sampling mezcal from the numerous family-run distilleries in the region. It was debuted in March 2011 as “Wild Shot” mezcal. Wild Shot had risen to the top of the premium mezcal rankings in the United States by the conclusion of the calendar year. As the final piece of Toby's expanding empire, the booze division was the last to be built. a business empire that generates between $60 and 100 million dollars in revenue annually
Life Outside of Work:
Keith married Tricia Lucus on March 24, 1984, in New York City. There are three children in the family: Shelley (born in 1980 and adopted by Keith in 1984), Krystal (born in 1985), and son Steven (born in 1989). (born in 1997). By way of his daughter Shelley, he has two grandchildren and one grandson.
Keith's father was killed in an automobile accident on March 24, 2001, in which Keith was a passenger. Combined with the events of September 11, 2001, Keith was moved to write the controversial “Courtesy of The Red, White, and Blue (The Angry American),” which became immensely popular, particularly among military personnel, but caused a rift between Keith and singer Natalie Maines of The Dixie Chicks, who had collaborated with Keith on the song.
The singer-songwriter also made a public service announcement for Little Kids Rock, a national nonprofit organization dedicated to revitalizing music instruction in low-income public schools across the United States. nonprofit with beliefs in the mission of Ally's House, an Oklahoma-based non-profit organization dedicated to assisting children who are suffering from tumors.
Highlights of Keith's earnings include a $20,000 advance on his first record contract, which was signed in 1993, and the publication of his self-titled debut album in 1994. Between March and December of 1993, he played 150 gigs. Each night, he earned $5,000 to $10,000. During the tour, when the second hit from the album began receiving radio play, venues increased his pay to $20,000 per show.