At 62, Toby Keith died after a tragic battle with stomach cancer.
Let's explore Toby Keith's net worth below:
Toby Keith Celebrity Net Worth 2024
According to Celebrity Net Worth, Toby Keith's net worth before his death is estimated to be $400 million.
This is attributed to the success of his music career and music catalog. Keith has released 19 studio albums, five compilation albums, and two Christmas albums. He sold more than 40 million albums after charting 61 singles on the Hot Country Songs chart.
He also has 20 Country No. 1 hits with more than 20 Top 10 songs. He was even awarded with the National Medal of Arts by former President Donald Trump in 2021.
In the 2000s decade alone, Keith charted three No. 1 albums on the Billboard 200 chart and one in 2010.
Toby Keith Big Machine Records Investment, Restaurant Business
Unbeknownst to many, Toby Keith owned his own liquor label, Wild Shot, and lucrative endorsment deals from other brands.
Keith also owned a string of restaurants. According to Parade, his restaurant empire was funded by casino exec Don Marrandino. Forbes reported in 2013 that he pitched the singer a "Toby Keith-themed bar inside Harrah's in Las Vegas" which was called " I Love This Bar and Grill, tacking 'and Grill' to the end of one of Keith's latest hits."
At the end of 2005, Toby Keith's restaurant business opened in other locations such as Oklahoma City, Kansas City, Phoenix, Minneapolis, and Tulsa, among many other cities in the country.
Aside from his endorsements and other investments, Toby Keith also owned a part of Big Machine Records, Taylor Swift's first music label.
Apparently, Keith owned a minority stake in the label, which meant that he earned a lot of money from Taylor Swift at the time.
He paid a hefty $400,000 stake in the label, which Forbes had estimated to be 10% at the time.
Read also: Toby Keith Dead: Country Music Legend Was 62
Toby Keith Cause of Death
Toby Keith died on Feb. 5, 2024, after a long battle with stomach cancer.
On Instagram, Keith's family shared a statement about his death.
"He fought his fight with grace and courage," the statement said, revealing that he was surrounded by his family on his deathbed. "Please respect the privacy of his family at this time."
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