Wayne Newton is a well-known singer and famous entertainer from the United States. Wayne is known as The Midnight Idol, Mr. Las Vegas, and Mr. Entertainment in Las Vegas. As per various sources, Wayne Newton’s Net worth is estimated to be around $60 million.
As of 2022, he has an approximate income of about $5 million per year. He has a long history of working in the music and entertainment industries, which has contributed to all of his wealth. He went bankrupt for the first time in 1992 and again in 2010, but his finances have gotten better since then.
|Date of Birth||Apr 3, 1942|
|Net Worth||$60 million|
|Earnings Per Year||$5 million|
Wayne Newton’s Early Life
Carson Wayne Newton was born in Norfolk, Virginia, in 1942. His father, Patrick Newton, was an auto mechanic, and his mother is Evelyn Marie Smith. Newton is of English, Irish, Scottish, German, and Welsh ancestry.
He started learning piano and guitar while living in Fredericksburg, Virginia, where he was raised while his father was serving in the US Navy during World War II.
Along with his elder brother Jarry, he started to sing in theaters, local clubs, and at fairs.
He left high school to pursue a musical career. At the age of 18, he was supposed to be in the US military, but due to his asthma, he got rejected.
Wayne Newton’s Career Beginnings
The Rascals in Rhythm were founded by Newton and his brother, who also toured with the Grand Ole Opry roadshows and appeared on ABC-Ozark TV’s Jubilee. In 1958, when Newton was finishing his junior year of high school, he got an audition after a performance in Las Vegas.
The contract was for a two-week period, during which they played for about five years. These brothers made their television debut on The Jackie Gleason Show in 1962.
“Danke Schoen” was his debut album. It reached position 13 on the Billboard Hot 100 in the year 1963.
After his debut album, “Danke Schoen,” various figures from the entertainment industry such as Lucille Ball, Danny Thomas, George Burns, and Jack Benny gave Newton support, some of which offered multiple opportunities for Newton to perform on different stages. In 1970, Newton began to focus more on the performances in Las Vegas, and thus he became the best entertainer in Las Vegas.
Millions of copies of “Daddy Don’t You Walk So Fast” were sold internationally, which was one of Newton’s records in 1972. This song became the No. 1 song in Canada and Australia and No. 4 in the United States.
In 1992, “The Letter,” a song by Newton inspired by Elvis Presley, became the No. 1 hit on the Cashbox Pop and Country Charts. Newton began performing at casinos in 1990 and performed his 25,000th solo in 1994. Later, he signed a contract with Stardust in 1999, and in 2005, he performed his last show at Stardust.
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He started a reality television show on E!, “The Entertainer” in the year 2005 January. Along with Cheryle Burke, Newton had taken part in the 2007 fall season of “Dancing with the Stars.” In 2009, he began performing in the show “Once Before I Go.”
In June 2020, during the COVID-19 pandemic, he began to appear in TV commercials in North America.
Wayne Newton’s Net Worth And Earnings by Year
As of 2022, Wayne Newton had a net worth of $60 million and was believed to have an annual income of about $5 million.
Here’s his estimated net worth year-wise since 2018,
|Net Worth in 2022||$60 Million|
|Net Worth in 2021||$48 Million|
|Net Worth in 2020||$43 Million|
|Net Worth in 2019||$38 Million|
|Net Worth in 2018||$33 Million|
In 1968, Newton married Elaine Okamura. They got divorced in 1985 and had a child, Erin Newton. Newton later married a lawyer from North Olmsted, Ohio, Kathleen McCrone, in 1994. Ashley Newton is the only child of Newton and McCrone.Newton once stated that his two biggest loves were music and horses.
Awards and Honors
These years in the entertainment field have given so much recognition to Newton. He was awarded the Star on the Walk of Fame in 1976 and was selected as the nominee for various other honors such as the TV Land Awards in 2003, the Razzie Awards in 1991, and the Saturn Award for Best Supporting Actor in 1992.
Because of his good works, Newton was given the Woodrow Wilson Award for Public Service, which is given to leaders who give back to society.
Assets He Owns
Newton owned a huge mansion on 39 acres in Paradise, Nevada, which he named “Casa de Shenandoah,” and he lived there with his family for a long time until he had a financial crisis.
He also built a zoo there, which over time grew to include flamingos, monkeys, Arabian horses, and many different kinds of birds.
He owned a private plane that cost about $2 million and was parked at the Oakland County Airport. Newton, on the other hand, sold 80% of Casa de Shenandoah in 2010 when he was reorganizing his finances before filing for bankruptcy.
A few months later, in 2013, Wayne and his wife reportedly spent $8 million to buy an estate just a few miles away from Casa de Shenandoah.
Wayne Newton’s Financial struggles
In 1992, Newton filed for Chapter 11 bankruptcy to reorganize $20 million in obligations, the majority of which was used to pay NBC for libel. By 1999, his financial situation had improved.
But in August 2005, the IRS sued Newton, alleging that he and his wife owed more than $1.8 million in taxes and fines.
Oakland County Airport officials in Waterford, Michigan, allege that in 2009, Newton owed the airport more than $60,000 in outstanding parking costs, after abandoning his $2 million private plane there for more than three years.
They claimed that he never paid the fines for the aircraft, which had a monthly parking fee of about $5000.
Taking the recent years of Newton’s life into account, he is now in a financially stable condition and is continuing to entertain people through his incredible talent.