The ‘Powderfinger’ singer still earns millions a year

KEY POINTS

  • Neil Young rose to fame in the 1960s
  • “Old Man”, “Harvest Moon” and “Heart of Gold” are among his hit songs
  • He sold 50% of the rights to his 1,180 songs for $150 million

Neil Young, who recently asked to have his music removed from Spotify due to alleged misinformation about vaccines on the platform, still earns millions from his songs every year.

The 76-year-old Canadian-American singer-songwriter, best known for recording ‘Old Man’, ‘Harvest Moon’ and ‘Heart of Gold’, rose to prominence in the 1960s. Over the years, he became one of the most successful and famous musicians of all time, and the clear proof of this is his immense wealth.

Currently, Young has an estimated net worth of $200 million, according to Celebrity Net Worth.

As a solo artist, he released his self-titled debut album in 1969. Later, he formed the group Crazy Horse and collaborated with them on his second solo album, “Everybody Knows This is Nowhere”.

His next album “After the Gold Rush”, which included “Tell Me Why” and “Southern Man”, became his first solo album to break into the top 10 in the United States. Young outdid himself the following year with his album “Harvest”, which contains the songs “The Needle and the Damage Done”, “Old Man” and “Heart of Gold”, as it reached no. 1 and became the best-selling album in the United States in 1972.

Besides Crazy Horse, Young has been part of other bands such as Buffalo Springfield, Stills and Nash & Young throughout his career as an artist.

To date, Young has released nearly 50 studio albums and over 20 live albums, 18 of which have been certified gold, seven are platinum, and three are multi-platinum.

Last year, Young sold 50% of the rights to his 1,180 songs to investment firm Hipgnosis Songs Fund for $150 million, the BBC reported.

Besides being a singer-songwriter, Young is also an entrepreneur. He was co-owner of Lionel, a company specializing in model trains and related accessories. In 2008, Young lost all of his shares in the company when it went bankrupt.

Young also helped create Pono, an online music download and streaming service. In 2017, Pono was forced to close after its operating company, Omnifone, was acquired by Apple.

In 1970, Young purchased Broken Arrow Ranch, a 1,000-acre property in La Honda, California, for $350,000. He then expanded the property by purchasing thousands more acres.

He listed his longtime Hawaii home for $24.5 million in 2015 and eventually sold the property in 2018 for $20 million.

In 2016, Young bought a house in Malibu, Calif., from his girlfriend Darryl Hannah for $3.6 million, but it was destroyed two years later in the Woolsey fire.

In a now-deleted post on his website On Monday, Young, a vocal advocate for COVID-19 safety and prevention, asked his managers and record label to remove his music from Spotify because he said the platform was “spreading false information about vaccines – potentially causing the death of those who believe this misinformation.” propagated by them”, according to rolling stone.

“I want you to let Spotify know immediately TODAY that I want all my music off their platform. They can have Rogan or Young. Not both,” Young said in Monday’s post, referring to Joe Rogan. , who made frequent false and inaccurate statements. around vaccines and COVID-19 on his podcast.

Neil Young has announced a series of online concerts he will perform from home during the coronavirus pandemic Photo: GETTY IMAGES NORTH AMERICA/KEVIN WINTER

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