Elton John is reportedly worth $445 million, but apparently the coronavirus postponement of his “Farewell Yellow Brick Road” tour has hit him hard financially.
According to “The Mail,” things are so bad that Elton has not only laid off his touring band until they know when the tour may resume, he’s also let go many members of the domestic staff at his Atlanta home.
The report claims Elton was counting on the money from the tour to last into his retirement. They also say he insurance probably won’t pay out any of his losses.
“The tour was forecast to make over £60 million ($74 mil) this year. That revenue has literally disappeared overnight,” a source explained. “Nobody expected this.”
Source: Daily Mail