Celine Dion's Net Worth Up Close and Personal
Celine Dion has amassed a massive net worth of about $800 million. That’s close to Madonna’s net worth but more than Bono’s net worth. But it is definitely far from the average net worth. The Canadian from Quebec, Canada, is one of the wealthiest singers in the world. Her wealth certainly matches her great fame in the entertainment scene. And she will probably achieve far much more, as she stated,
“I definitely would never go back to my 20s. The best is yet to come.”
Here's the story of her financial success.
Celine Dion didn’t start off with massive wealth. She was building wealth gradually throughout her career.
Celine Dion's Net Worth: Music
Music was the first stepping stone to Celine Dion's net worth. She achieved great fame using her singing talent and made good money out of it.
Starting Out in Music
Perhaps Celine’s singing ability came from her musically inclined family. Her parents ran a piano bar called Le Vieux Baril. Besides, she had a natural talent that she exploited from an early age. Her first public appearance was in 1973. She was five years old and sang at her brother’s wedding.
At 12 years of age, she wrote her first song with her brother and mother. Her mother helped her take the first step into the limelight by sending the cassette tape to a manager. The manager, René Angélil, was managing the singer Ginette Reno, a Québec native.
From there, her fame grew. She soon appeared on TV in 1981 and participated in various singing competitions. She even sang in front of Pope John Paul II in Montréal in 1984. At that time, she was releasing songs in French.
First Award
As her career progressed, Celine won several awards. She competed in the Yamaha World Popular Song Festival in Tokyo, Japan in 1982. Here, she won the gold medal for “Best Song” and an award for “Top Performer.” Those awards extended her fame to other parts of the world.
Growing Popularity
Celine’s popularity grew as she participated in multiple competitions all over the world. The competitions were in different regions, including Europe, Asia, and Australia. All this time, she sang in French. Eventually, she learned English. Then, in 1990 she released her debut English-language album, ‘Unison’ in North America.
She brought out the album, ‘Let’s Talk About Love’ in 1997. That album featured the romantic ballad, ‘My Heart Will Go On’, the love theme for ‘Titanic.’ It became her signature song.
After that, Dion took a break to focus on her family. When she came back, after five years, she released the album, ‘A New Day Has Come’ in 2002. Critics gave the album mostly positive reviews.
Awards And Achievements
Dion’s fame rose in the U.S. when she sang the theme song for Beauty and the Beast, an animated film by Disney. That song became a worldwide hit. It gave her a Grammy as well as an Oscar.
Various other achievements include:
singing for President Bill Clinton in 1993
singing at the 1996 Summer Olympics (solidified her global fame)
the first woman to sing two songs at the Oscars in 1997 (sang “Because You Loved Me”)
Apart from all that, her song “Because You Loved Me,” featured in two movies:
“Up Close and Personal”
“I Finally Found Someone”
Her current fame may not match her past, but she’s still an extremely popular and successful recording artist. She’s releasing more music with numerous Las Vegas residencies.
Success in English and French
Even as Dion gained fame in the English-speaking world, she didn’t lose her French-speaking fans. She released the French song, “Dion Chante Plamondon” in 1992. It became the best-selling French album in Canada. Even the English song, “The Power of Love” went to number one in Canada. What’s even better is her Canadian fans were proud of her rising fame in the United States. Interestingly, the popularity of Dion’s English music sparked a broader interest in her French albums.
Celine Dion's Net Worth: Investments
Singing helped Dion pull in massive endorsement deals from such brands as:
Air Canada
Kraftworks NYC
Chrysler
Coty
Dion got a $15 million paycheck from investments in Golf Le Mirage. The music star also owns various business ventures, including:
Les Productions Feeling Inc.
Celine Dion Parfums
Pure Night Club
Nickels Restaurant food nature
Schwartz’s Restaurant
One notable investment is her perfume line, Celine Dion Parfume. It grossed well over $850 million in retail sales.
Put Your Finances In Order.
Celine Dion's Net Worth: How She Spends Her Money
With great income often comes great spending. Fortunately, due to Celine Dion's net worth, her massive spending didn’t wreck her debt-to-income ratio. Her liquid net worth far exceeds her expenditure.
Raising Her Kids
Raising kids involves a lot of money; starting with food, clothing, and medical bills to education costs. Dion certainly has her hands full with her three children: René-Charles, and twins Eddy and Nelson.
However, due to Celine Dion's net worth, the financial aspect isn’t too much of a burden. Her wealth exceeds the average net worth of most Canadians and Americans. The bigger challenge is being a mom and dad since her husband passed on.
Medical Bills and Funeral Costs
Dion’s family has gone through several highly publicized health challenges. Her husband, René Angélil, had throat cancer, diagnosed in 1999. René battled vicious cancer for three years. Not only did it involve financial costs for treatment, but it also took a toll on his body. He finally died on January 14, 2016, of a heart attack.
The medical costs now turned to funeral costs. The cost of René Angélil‘s funeral was roughly $700,000. That's ten times the usual amount for regular funerals. The Quebec government contributed $49,770 to the funeral in Montreal. The government also offered to foot the bill for such expenses as flowers, photography, and the registry of condolences.
This wasn’t the first time that the Quebec government contributed to such a funeral. It had contributed $60,000 for Jean Beliveau (a hockey great), $56,000 for the legend Maurice Richard, and $71,000 for Claude Ryan (former politician and journalist).
Dion also had medical issues of her own. In March 2018, her management team revealed the hearing irregularities she experienced for 12-18 months. Patulous Eustachian Tube caused this. It necessitated a minimally invasive surgical procedure.
Celine Dion with her husband
Image source: https://abcnews.go.com
Vacation Trips
Because of Celine Dion's net worth, she had enough money to take trips to the most exotic locations on earth. She and her family take annual ski vacation in Montana.
Charity
With her extensive wealth, Dion was able to donate to many charitable causes. She even launched her own charitable foundation. It raised an $11 million fund for multiple charities in 1998. In 2004 she donated $1 million to victims of Hurricane Katrina. In 2004, she helped the 2004 Asian tsunami casualties by crowdfunding over $1 million. She also donated $100,000 to sufferers of the 2008 Sichuan earthquake. She gave the amount to the China Children & Teenagers’ Fund. Jack Ma contributed around $808,000 to the same fund.
Houses, Cars, and Private Jets
Through her smart money management, Dion bought lucrative real estate properties.
Some of her properties include:
Jupitar Island Mansion in Palm Beach County, Florida worth $71 million – It has 6 bedrooms, 8 bathrooms, an equipped gym, and a tennis court.
Laval Estate in Quebec, Canada which sold for $25.5 million – It’s a 2-story building with 10 bedrooms, 6 bathrooms, a solarium, and kitchen.
Montreal Mansion with a list price of $29 million – The 24,000 square feet house sits on a private island with 6 bedrooms, 9 bathrooms, and a helipad.
Villa Montmorency in Paris bought at $55 million with a present market value of $64 million.
The famous singer also owns an enviable car collection, including:
a customized Mercedes Maybach 62 valued at about $500,000
a classic Rolls Royce Corniche priced at $70,000 and designed by Bill Allen
Being one of the highest-earning musicians, Dion can afford to spend on such pricey toys as private jets too. She owns a Bombardier BD-7000 express. She bought it for $42 million, and its current market price is $72.8 million.
Conclusion
Celine Dion not only knows how to make money but also how to save money and maintain her net worth meaning, even if she spends lavishly, she invests much of it in items that bring back good returns. Besides that, she gives generously to worthy causes. As she continues in her incredibly successful career, Celine Dion's net worth might increase further.