The Surprising Net Worth of Tom Petty: Prepare to Be Amazed!

This article will discuss Tom Petty’s age, relationship status, family, and wealth. Continue reading the conclusion for additional information.

Who is Tom Petty?

Thomas Earl Petty was a musician from America. Tom Petty and the Heartbreakers, a rock band founded in 1976, featured him as lead vocalist and guitarist. He formerly led the band Mudcrutch, was a member of the supergroup the Traveling Wilburys in the late 1980s, and enjoyed solo success.

NameTom Petty
BirthOctober 20, 1950
ProfessionFormer Musician
Net Worth$95 million
DeathOctober 2, 2017

What was Tom Petty’s Net Worth?

As per Celebritynetworth, Tom Petty was an American musician, singer, and songwriter who, at the time of his demise, was worth $95 million. Tom Petty’s concerts continued to sell out weeks before his passing, demonstrating that his popularity spanned over four decades.

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Tom has sold over 80 million albums as a solo artist and with his three bands, Tom Petty and the Heartbreakers, The Traveling Wilburys, and Mudcrutch. He has also released numerous hit tracks. On October 2, 2017, he passed away after an accidental substance overdose-induced cardiac arrest.

In the 1990s, Tom Become Addicted to Heroin

Petty initially discussed his heroin addiction in an unofficial biography written by Warren Zanes. When Zanes spoke with the Washington Post in 2015, the revelation that Petty had taken to heroin at the age of 50 was the first thing that came up.

That’s what happens when the pain becomes too much,” Zanes explained. He went on to say that Petty had grown overwhelmed and didn’t know what else to do, and that he’d kept his addiction a secret because he didn’t want anyone to see it as a viable option for them simply because he’d done it.

Zanes comforted him that he was a cautionary tale, disclosing that Petty’s heroin addiction occurred during a period in his life when he was struggling with divorce, living alone, and the knowledge that he couldn’t do anything to ensure his children got the life he desired for them. “The classic situation of midlife pinning a person down to the mat,” Zanes described it as.

Real Estate Belongs to Tom Petty

In May 1987, an unknown arsonist set fire to Petty’s home in Encino, California. The fire cost around $1 million to put out. The only room that was not destroyed was Tom’s recording studio. He rebuilt his house on the same site. When he and his ex-wife Jane divorced, she received this house.

Jane’s home was foreclosed on in 2015. It sold for $2.6 million in 2017, $4.5 million in 2018, and $4.9 million in 2020 before being purchased by Selena Gomez. Tom also owned a property in Lake Sherwood, California, which he purchased in 2007 for $4.4 million. In 2019, this residence sold for $4 million.

Petty’s principal residence at the time of his death was a 5,300-square-foot Malibu villa he purchased for $3.8 million in 1998. He also possessed a second Malibu mansion, this one on Escondido Beach, which he purchased in 2010 for $6.8 million. Tom’s estate listed the Escondido Beach home for $9.85 million in December 2022.

He also possessed a $1.8 million mansion in Los Angeles’ Pacific Palisades district, which was later occupied by his stepson Dylan Epperson, Dana’s adult kid from a previous relationship. Dana Petty paid $4.7 million for a new home in LA’s Brentwood district in September 2020.

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