Wayne Newton is worth $60 million. In the 1990s, during his best years, he was worth a lot more-hundreds of millions.
Because of some poor business choices and losses from gambling and poker, he had to declare bankruptcy twice.
However, in the last ten years, he’s managed to get back on his feet financially and has built his wealth back up to $60 million.
Unpaid Parking Fee of Newton’s Plane
Officials at the Oakland County Airport in Waterford, Michigan, said that Wayne Newton hadn’t paid over $88,000 in parking fees. He left a $3.1 million private plane there for more than four years without paying.
The monthly fee for parking the plane was $6,000. Newton still hasn’t paid the fees, and the plane has gotten so moldy that it can’t fly anymore.
Failed Businesses
Wayne Newton invested in several businesses that didn’t succeed, like a casino and a museum, which is a major reason why his net worth is relatively low today.
He also lived an extravagant lifestyle, owning a big ranch and various exotic animals, which cost a lot to maintain.
Additionally, Newton faced legal issues, including a lawsuit from the IRS for unpaid taxes and another from a developer who bought his home to turn it into a museum but ended up suing him.
House and Zoo
Wayne Newton started buying land for his estate in 1966 and kept adding to it over the years, Forbes reports.
The main house, finished in 1978, is a 14,000-square-foot mansion with 10 bedrooms, 12 bathrooms, and a bowling alley. The estate also has a guest house, a pool house, a tennis court, and stables.
Newton used the property as a ranch for various animals like peacocks and Arabian horses, and he even kept a private jet there. He spent over $40 million on building and maintaining the property, which greatly impacted his finances.
In 2010, to help pay off some of his debts, Newton suggested turning the estate into a tourist spot. But local residents opposed this because they worried about increased traffic. Newton eventually gave up on the idea but stayed on the property until 2016, when he sold it to Smoketree LLC.
In 2017, Smoketree LLC opened the estate to the public as the Casa de Shenandoah museum. The museum now hosts various special events, including wine tastings, concerts, and holiday celebrations.
Salary
| Movie/TV Show | Salary |
|---|---|
| The Beverly Hillbillies | $10,000 per episode |
| The Lucy Show | $5,000 per episode |
| The Red Skelton Show | $10,000 per episode |
| Hellcats of the Navy | $25,000 |
| The Last of the Secret Agents? | $50,000 |
| How to Save a Marriage (and Ruin Your Life) | $100,000 |
| Skidoo | $150,000 |
| The Night They Raided Minsky’s | $200,000 |
| Cancel My Reservation | $250,000 |
| The Solid Gold Cadillac | $300,000 |
| Vegas | $500,000 per episode |
Las Vegas Shows & Income
Wayne Newton, one of Las Vegas’ longest-running and most popular entertainers, is still earning a significant income from his shows in the city.
According to industry sources, he commands a salary of $250,000 per week for his performances at the Flamingo Hotel and Casino. So it’s no surprise Wayne Newton’s wealth is still so high.
Newton has been performing in Las Vegas since 1963 and has headlined at some of the city’s most prestigious venues, including the Sands, the Riviera, and the MGM Grand.
He is known for his elaborate stage shows and his signature songs, such as “Danke Schoen” and “Red Roses for a Blue Lady.”
Newton has sold over 40 million tickets to his shows in Las Vegas. At an average ticket price of $100, this means that he has generated over $4 billion in revenue from ticket sales alone.
He gets 30% of the revenue, which means Newton made over $1 billion in lifetime earnings through his shows.
Wayne Newton Net Worth 2024 (Forbes)
| Full Name | Carson Wayne Newton |
| Net Worth | $60 million |
| Annual Income | $9 Million |
| Salary per Episode | $250,000 |
| Debts | $5.7 Million |
| Earnings per Show | $100,000 |
How did he get rich?
Newton’s rise to stardom was meteoric. In 1964, he signed a contract with Capitol Records and released his debut album, Danke Schoen.
Newton’s Las Vegas shows were known for their elaborate sets, lavish costumes, and energetic performances. He often performed with a large orchestra and a troupe of dancers.