What Is Music Icon Toby Keith's Net Worth?

In 1993, Keith was rewarded with $20,000 for his first record contract.

PUBLISHED NOV 28, 2023

Cover Image Source: Toby Keith performs onstage for the BMI Icon Award. | Getty Images | Photo by Jason Kempin

Name	Toby Keith
Net Worth	$400 Million
Sources of Income	Album Sales, Live Performances, Record Production, Acting
Date of Birth	July 8, 1961
Age	62 Years
Gender	Male
Nationality	United States of America
Profession	Singer-songwriter, Record Producer, Actor, Guitarist, Lyricist

Toby Keith's net worth

The American singer-songwriter, record producer, and actor, Toby Keith, has earned himself an enormous net worth of $400 million. Keith was majorly influenced and inspired by Merle Haggard and debuted in the industry with his single release "Should've Been a Cowboy" in the 90s. Most of his songs were based on the Oklahoma culture, the place where he was born and raised. Twenty of his hits enjoyed the #1 position on the Billboard Charts, including his singles and guest singles. The singer became a celebrated brand in the industry between 1993 and 2000, when he released a new album each year, sold more than 500,000 copies, and enjoyed the topmost positions on the US charts.

CEDAR PARK, TEXAS - SEPTEMBER 06: Toby Keith performs in concert celebrating the tenth anniversary of the HEB Center on September 6, 2019 in Cedar Park, Texas.|Getty Images|Photo by Gary Miller — Toby Keith performs in a concert celebrating the tenth anniversary of the HEB Center. Getty Images | Photo by Gary Miller

What are Toby Keith’s sources of income?

Toby started his career with writing songs and went on to release albums which gained him a lot of popularity. He then signed with DreamWorks Records in 1998 and released his single "How Do You Like Me Now?!" which was a breakthrough moment in his music career. The singer has released more than 19 studio albums, five compilation albums, and two Christmas albums. The primary sources of the singer's income were his album sales, performances, concerts, and tours.

LAS VEGAS, NV - APRIL 15: Toby Keith (L) and Blake Shelton perform onstage during the 53rd Academy of Country Music Awards at MGM Grand Garden Arena on April 15, 2018 in Las Vegas, Nevada.|Getty Images|Photo by Ethan Miller — Toby Keith (L) and Blake Shelton perform onstage during the 53rd Academy of Country Music Awards. Getty Images | Photo by Ethan Miller

Toby Keith’s salary

Keith was rewarded with $20,000 for his first record contract when he started his music career in 1993. He performed in 150 concerts and made $5,000-$10,000 on per performance basis. When his albums got traction on radio, music charts, and billboards, the venues where he performed raised the entry fee to $20,000 for every show. Keith earns an annual income of $29,566,918 per year. He opened the restaurant "I Love This Bar and Grill" which was themed on the singer's life.

LAS VEGAS, NV - APRIL 06: Singers Toby Keith (L) and Mica Roberts perform onstage during the 49th Annual Academy of Country Music Awards at the MGM Grand Garden Arena on April 6, 2014 in Las Vegas, Nevada.|Getty Images|Photo by Kevin Winter/ACMA2014/ — Singers Toby Keith (L) and Mica Roberts perform onstage. Getty Images | Photo by Kevin Winter

Toby Keith’s personal life

Keith got married to Tricia Lucus in 1984. After three years of dating, the couple met at a bar when Keith had just stepped into the music industry. Tricia says that it was his confidence that attracted her. The couple has three children. Later in 2001, Keith had the biggest shock of his life, his father died in an unfortunate car accident.