Country singer, songwriter, actor, and record producer Toby Keith has a net worth of $365 million. He is an American As a country music star, Toby is among the most successful in recent years. He’s also a successful entrepreneur, which makes him even more impressive.
|Net Worth:||$365 Million|
|Date of Birth:||Jul 8, 1961 (60 years old)|
|Height:||6 ft 2 in (1.905 m)|
|Profession:||Singer, Singer-songwriter, Musician, Actor, Record producer, Lyricist, Composer, Artist, Songwriter, Guitarist|
|Nationality:||United States of America|
On July 8th, 1961, Toby Keith Covel was born in Clinton, Oklahoma. Inspired by the musicians at his grandmother’s dinner club, Keith began playing music at an early age.
After working in the oil sector for a period and playing football in the USFL, he chose to pursue a career in music.
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In the early 1990s, Toby traveled to Nashville and performed on the city’s famed Music Row. Many of the city’s record labels received copies of his demo tape. He returned to Oklahoma since there was little interest in his demo.
He had made a vow to himself that he would have a record deal in place by the time he was 30 or give up on his dreams of being a musician. Mercury Records executive heard about the Easy Money Band through an air hostess who had a copy of their demo cassette in her carry-on luggage. They signed him to a record deal because they were impressed with his voice.
On the country charts, “Should’ve Been a Cowboy,” Toby’s debut single from that year, peaked at number one. In addition, the song climbed to No. 100 on the Billboard Hot 100.
“Should’ve Been a Cowboy” racked up more than three million radio airplay by the end of the 1990s. Even Billy Ray Cyrus’ “Achy Breaky Heart” couldn’t match the popularity of this song in the 1990s.
The first four albums were all issued by Mercury Records before Keith left Mercury Records in 1998; “Toby Keith,” 1994’s Boomtown, 1996 Blue Moon, and 1997’s Dream Walkin’ are all examples.
The songs from each of these albums reached the top 10 of the charts. “How Do You Like Me Now?” was Keith’s breakout hit, released in late 1999, after he joined DreamWorks Records Nashville in 1998.
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This song, the lead single from his 1999 album of the same name, peaked at number one on the country charts in 2000 and was one of several hits he had while working for DreamWorks Nashville during his time there. Following “Pull My Chain,” he went on to have three more number one albums, with “Unleashed” and “Shock’n Y’all” going four times platinum.
From 1993 through 2000, Toby had a new record out every year. Most releases went on to sell a lot more than 500,000 copies. Toby acquired the right to purchase back his 1999 album “How Do You Like Me Now” from the label for $93,000 when his label rejected a number of tracks from it.
When DreamWorks offered him $200,000, he sold the rights. With 3.1 million copies sold, “How Do You Like Me Now” became a global hit.
With 19 studio albums, two-holiday albums, and five compilations under his belt, Keith has sold more than 40 million CDs globally to date. Beer for My Horses, a successful duet with Willie Nelson from his 2002 album “Unleashed,” sold over 3 million copies.
Toward the end of 2004, Toby paid $400,000 for a 10% ownership in Big Machine. At the time, the investment may have seemed risky, but it ended up paying off handsomely. Tim McGraw, Rascal Flatts, and Taylor Swift were all signed by Big Machine Records. Toby Keith still gets paid whenever any of Big Machine’s artists do.
Toby was approached by Don Marrandino, the proprietor of a Las Vegas casino, shortly after he started his record company. The “I Love This Bar and Grill” was supposed to be named after Marrandino’s favorite Toby Keith song. It was one of the 50 highest-grossing restaurants in the United States at the end of 2004.
This would enough for the vast majority of individuals. However, not Toby Keith. Toby chose to get into the liquor industry after hearing that his friend Sammy Hagar sold his Cabo Wabo tequila brand for $80 million in 2007. To launch a whiskey or vodka company, he had contemplated.
Large-scale production of bourbon proved to be challenging, while the market for vodka appeared to be oversaturated. In the end, he chose Mezcal. As soon as Toby was able to track down a distributor, he began visiting the numerous family-run mezcal producers in search of new tastes.
In March 2011, the “Wild Shot” mezcal brand was introduced. Wild Shot was the top-selling premium mezcal in the United States by year’s end. Toby’s empire’s booze division was the final piece to come together. An estimated $60 – $100 million in annual profits.
Keith married Tricia Lucus on March 24, 1984. Shelley (born in 1980, adopted by Keith in 1984), Krystal (born in 1985), and Stelen (born in 1986) are the three children of the marriage (born in 1997). Through his daughter Shelley, he has three great-grandchildren.
Keith’s father died in an automobile accident on March 24, 2001. As a result of this incident and the terrorist attacks of September 11, 2001, Keith eventually wrote the divisive song “Courtesy of the Red, White, and Blue (The Angry American),” which was extremely well-received by military personnel in particular, but caused a rift between Keith and Dixie Chick singer Natalie Maines.
Keith also made a humanitarian contribution by filming a PSA for Little Kids Rock, a national foundation dedicated to reviving music instruction in underserved public schools across the United States. Oklahoma-based non-profit Ally’s House provides care and support for children battling cancer.
In 1993, Keith signed his first record deal and released his self-titled first album. Between March and December of 1993, he played 150 gigs. He earned anything from $5,000 to $10,000 per night, depending on the venue. Venues increased his price to $20,000 per concert when the album’s second hit started garnering airplay throughout the tour.
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