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David Foster Net Worth: Crafting Hits and Crashing Checks

David Foster Net Worth: Crafting Hits and Crashing Checks
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David Walter Foster OC OBC (born November 1, 1949) is a renowned Canadian record producer, film composer, and music executive. He has won 16 Grammy Awards out of 47 nominations. Foster began his career as a keyboardist for the pop group Skylark in the early 1970s before shifting his focus to composing and production.

Frequently collaborating with songwriter Diane Warren, Foster has created material for many prominent artists across various genres, producing over 40 pop hits on the Billboard Hot 100. He also chaired Verve Records from 2012 to 2016.

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David Foster Net Worth

David Foster has a net worth of $150 million. In 2014, he and his fourth wife, Yolanda, sold their Victoria penthouse for $5 million. They also sold their Malibu estate for $19 million in 2015, having initially listed it for $27.5 million.

In 2020, Foster listed his Wilshire Corridor condominium for $3.995 million. In 2021, he and Katharine McPhee purchased a mansion in LA’s Brentwood neighborhood for $7.1 million.

Early life 

Foster was born in Victoria, British Columbia, to office worker Maurice “Maury” Foster and homemaker Eleanor May Foster (née Vantreight). At 13, he enrolled in the University of Washington’s music program.

In 1965, he auditioned to lead a band in an Edmonton nightclub owned by jazz musician Tommy Banks, who mentored him in jazz and music production. After a year, Foster moved to Toronto to play with Ronnie Hawkins, then joined Chuck Berry’s backup band in 1966. In 1974, he moved to Los Angeles with his band Skylark.

Career

Foster, a former keyboardist for Skylark, saw the band’s hit “Wildflower” reach the top ten in 1973. After the band disbanded, he formed Airplay with Jay Graydon and expanded his career as a songwriter, producer, and arranger. Notable contributions include Earth, Wind & Fire’s “I Am” (1979) and the Grammy-winning “After the Love Has Gone” (1980).

Throughout the 1980s, he worked with Chicago, Kenny Loggins, and composed for films like “St. Elmo’s Fire” (1985). In 1995, he founded 143 Records, signing The Corrs, but sold it in 1997, later producing hits like “Un-Break My Heart” for Toni Braxton.

Personal life

Foster has been married five times and has five daughters, one son, and seven grandchildren. His first child, Allison Jones Foster, born in 1970, was placed for adoption but they reunited when she was 30. His first marriage was to singer B.J. Cook, with whom he had a daughter, Amy. He married Rebecca Dyer in 1982, having three daughters before their 1986 divorce.

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Foster’s third wife was Linda Thompson, and they collaborated on songs. His fourth wife was Yolanda Hadid, from whom he divorced in 2017. In 2019, he married Katharine McPhee, and they have a son, Rennie David.

What’s the age difference between David Foster and his wife?

Katharine McPhee is aware of the 35-year age gap between herself and her husband, David Foster. Recently, the American Idol Season 5 runner-up playfully defended their marriage on social media.

Conclusion

David Foster’s life and career have been marked by exceptional talent, dedication, and unparalleled success in the music industry. His remarkable journey from a young musician to a multi-Grammy-winning producer and songwriter showcases his enduring influence in the world of music. With a net worth of $150 million, David Foster’s wealth is a testament to his exceptional contributions to the world of entertainment.

FAQs about David Foster
  1. How Many Grammy Awards Has David Foster Won?
    • David Foster has won 16 Grammy Awards from 47 nominations throughout his illustrious career.
  2. What Made David Foster Famous?
    • David Foster became famous for his exceptional work as a musician, songwriter, and record producer. His collaborations with renowned artists and chart-topping hits solidified his status in the music industry.
  3. Is David Foster a Millionaire?
    • Yes, David Foster is a multi-millionaire with a net worth of $150 million.
  4. What Does David Foster Do for Money?
    • David Foster primarily earns money through his career in music, which includes producing, composing, arranging, and collaborating with various artists. He has also ventured into business ownership.
  5. How Much Money Did Yolanda Get from David?
    • In her divorce from David Foster, Yolanda Hadid received nearly $4 million in a lump sum, a house worth $6 million, various assets, and $30,000 per month in spousal support.

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