Even though many of the band’s more prominent members eventually departed, Mick remained the sole original member and oversaw a constantly shifting lineup.
Mick has had a successful solo career, both before and after Fleetwood Mac. He is also a businessman who has tried his hand at winemaking, restaurants, and other ventures in his time.
Mick Fleetwood Early Life
On June 24th, 1947, Michael John Kells Fleetwood was born in Cornwall, England. As a result of his father’s job as a Royal Air Force pilot, the family was on the road quite a bit.
Mick grew up in Norway and became fluent in Norweigan after living in Egypt as a child. Mick struggled in school after the family returned to the UK and settled in Gloucestershire.
Despite this, the young man had a passion for acting and had trained himself to be a proficient fencer.
At the age of 13, his parents decided to help him focus on music instead of school because he wasn’t doing well in academics.
Mick was hooked on drumming by the time he was 15 years old and had dropped out of school to pursue a career in music with the full support of his parents.
Mick Fleetwood Career
Fleetwood moved to London in search of better musical opportunities after dropping out of school. For some reason,
he happened to live right next door to a keyboardist named Peter Bardens who was looking for someone to play the drums in one of his bands.
He went over to Fleetwood’s drumming and invited him to join his band, the Cheynes when he heard him practicing.
Mick was a member of a wide variety of bands during the 1960s, some of which were large and others of which were small.
A band called the Bluesbreakers eventually kicked Mick out for drinking too much. Peter Green and John McVie also left the band at this time.
Fleetwood and McVie were invited to join Green’s new band, which he referred to as “Fleetwood Mac.” Fleetwood Mac’s first album was released in this incarnation.
In 1968, Fleetwood Mac released their first album, titled “Peter Green’s, Fleetwood Mac.” “Mr. Wonderful” and “Man of the World” followed after a tour of the United States to promote their first album.
Several new members had joined the band by this point, and Peter Green was increasingly preoccupied with LSD. Green eventually quit the band.
Mick Fleetwood and Jenny Boyd, a model, were married in 1970 after a long courtship. Future Games” and “Bare Trees” were released during the band’s subsequent tour of the United States.
As a result, Mick had to deal with several band members who either left or became disruptive during this time.
After Fleetwood discovered that his wife had been having an affair with another band member, he divorced her.
In 1975, Lindsey Buckingham but also Stevie Nicks joined the band, and it was then that they became commercially successful. Fleetwood Mac’s album “Fleetwood Mac” debuted at the top of the charts and sold more than 5 million copies that year.
It wasn’t until the following decade that internal tensions resurfaced. However, in 1977, when they released “Rumours,” they had a huge hit on their hands.
He began an affair with Stevie Nicks around this time while he was trying to reconcile with Jenny Boyd and raise the two children they had together.
With the release of “Tusk,” the band’s performance quality began to deteriorate. Mick subsequently experimented with several solo projects and collaborations with the other artists after Fleetwood Mac’s peak ended.
Mick Fleetwood Net Worth 2022
It’s estimated that Mick Fleetwood’s net worth is $40 million. Fleetwood Mac, the band he co-founded, has sold over 120 million records worldwide with Mick Fleetwood as a lead singer.
The net worth of Mick Fleetwood would be significantly higher if it weren’t for his decades of extravagant living and the tens of millions of dollars he lost on dubious business ventures.
When he was forced to declare bankruptcy in the late 1980s, the music industry came to a grinding halt. In comparison to other members of the Fleetwood Mac band, like Stevie Nicks ($120 million) and Lindsey Buckingham ($100 million), he is a relative pauper.
Live Nation Revenue
Due to a lawsuit filed by on-again, off-again member Lindsey Buckingham in October 2018, we gained insight into some of Fleetwood Mac’s current business operations. Buckingham filed a lawsuit against his former bandmates after he was removed from the 2018-2019 Live Nation tour.
The lawsuit alleged that per the terms of their contract to Live Nation, per band member would get $200,000 each performance for a total of 60 performances, or a total of $12 million.
The payment might reach up to $14 million based on attendance milestones and more dates added in the future. The lawsuit was resolved for an unspecified sum three months later. Buckingham issued a statement in which he said:
“We’ve all signed off on something. I’m happy enough with it. I’m not out there trying to twist the knife at all. I’m trying to look at this with some level of compassion, some level of wisdom.“
Concerns About Money
Fleetwood filed for bankruptcy in 1984. He had about $2.5 million in assets and $3.7 million in debt at this point.
An appointed trustee was appointed by a court to liquidate Mick’s assets to raise money for Mick’s creditors following a court hearing. During this time, the court sold Mick’s Malibu property for $2.2 million and began receiving Mick’s BMI earnings.
Fleetwood’s assets turned out to be worth less than expected, resulting in almost $1 million in unpaid debts.
He then admitted that he had overspent on real estate and that he was unable to pay off his obligations because of a lack of income.
He bought a $1.2 million house in Australia, a $400,000 property in Hawaii, and took mortgages at extraordinarily high-interest rates, all of which were ill-advised.
(Mick still owns the property in Hawaii, but it’s now a luxury rental property that costs around $1,400 per night.)
Mick thought that his income would remain the same while he was making these investments. In contrast to his bandmates, Mick Fleetwood had a difficult time finding success as a solo artist. In 1982 and 1983, he earned $350,000 and $255,000 per year, respectively.
He also lost all of his $629,000 invested in an oil and gas venture that went under. To top things off, he was owed hundreds of thousands of dollars by tiny businesses like guitar stores and animal clinics.
Some of Mick’s ardent admirers donated money after learning of his bankruptcy, while cynics theorized that he filed for bankruptcy to maximize the amount of money he would make from his next albums.
A common cause of celebrity financial problems is following faulty advice from financial advisors, but Mick Jagger’s predicament was the exact reverse.
When his financial advisors told him to cease buying up so many homes, he ignored them. However, as evidenced by Micks’s current wealth, it appears that he has recovered from this minor setback. Visit TheActiveNews.Com. if you’d want to see more posts like this.