Robert Stigwood - Famous Entrepreneur

Robert Stigwood Net Worth

$300,000,000

Robert Stigwood was an Australian film and music producer who had a net worth of $300 million at the time of his death in 2016. Stigwood is probably best known for discovering and managing the Bee Gees, one of the best-selling musical groups of all time.

Key facts:

  • Robert Stigwood was an Australian film and music producer.
  • He is best known for discovering and managing the Bee Gees, one of the best-selling musical groups of all time.
  • Stigwood owned the record label RSO (Robert Stigwood Organization) and earned the majority of profits from his films and film soundtracks, including 'Saturday Night Fever' and 'Grease' which sold nearly 80 million records combined.
  • He was credited with convincing Eric Clapton to stop doing drugs in the early 70s.
  • Stigwood also produced movies like 'Jesus Christ Superstar' and collaborated with Rupert Murdoch.

Basic Information About Robert Stigwood

CategoryBusiness โ€บ Producers
ProfessionsFilm Producer, Impresario, Theatrical producer, Entrepreneur, Record producer
Net worth$300,000,000
Date of birth1934-04-16
Place of birthAdelaide
Date of death2016-01-04 (aged 81)
NationalityAustralia
GenderMale
Social Mediaโ†—๏ธŽ Wikipedia

Net Worth Details

Robert Stigwood, the Australian film and music producer, accumulated considerable wealth throughout his successful career. At the time of his death in 2016, he had a net worth of $300 million. This figure includes the value of his music publishing empire, which he sold in the 199s.

Biography

What is Robert Stigwood known for?

Robert Stigwood is best known for his contribution to the music and film industries. He gained recognition as the discoverer and manager of the Bee Gees, one of the best-selling musical groups of all time. Additionally, Stigwood managed the popular rock band Cream and played a direct role in the production of iconic films such as โ€˜Greaseโ€™ and โ€˜Saturday Night Feverโ€™, along with various theatrical productions.

Early life and education

Robert Colin Stigwood was born on April 16th, 1934, in Port Pirie, South Australia. His father worked as an electrical engineer, and Stigwood attended Sacred Heart College in Adelaide for his secondary education.

Career

Seeking greater opportunities, Stigwood moved to England to pursue a career in the theatre world. Although his initial engagement with the New Theatre Royal was short-lived due to its closure, he remained determined and explored other options.

Ultimately, Stigwood formed Robert Stigwood Associated Ltd, embarking on his first venture into the music industry by partnering with musician Joe Meek. With Stigwoodโ€™s support, Meek released successful singles such as โ€˜Tell Laura I Love Herโ€™.

Continuing his success, Stigwood collaborated with artist John Leyton, helping him release the chart-topping single, โ€˜Johnny Remember Meโ€™. In addition to these accomplishments, Stigwood signed several other talented artists and later struck a lucrative business deal with EMI.

The turning point in Stigwoodโ€™s career came when he began managing the Bee Gees. Upon their return to the UK from Australia, the group announced their arrival with the smash debut single, โ€˜New York Mining Disaster 1941โ€™, followed by hits such as โ€˜Massachusettsโ€™.

Throughout the 197s, Stigwood effectively managed the Bee Gees as they continued to release numerous mainstream hits, including โ€˜You Should Be Dancing,โ€™ โ€˜Stayinโ€™ Alive,โ€™ and many others. Simultaneously, he expanded his influence by venturing into the film and television industry, producing iconic movies like โ€˜Greaseโ€™ and โ€˜Saturday Night Feverโ€™ and various musicals.

During this period, Stigwood also took on the management of Cream, playing a pivotal role in convincing Eric Clapton to stop using drugs in the early 197s. In 1973, he adapted โ€˜Jesus Christ Superstarโ€™ for the big screen. However, it was the soundtrack for โ€˜Saturday Night Feverโ€™, a film Stigwood helped produce, that catapulted the Bee Gees to even greater mainstream success.

In the following years, Stigwood produced several more films and collaborated with media mogul Rupert Murdoch. His influence also extended to creating various game shows. As his career progressed, Stigwood immersed himself in musical theatre during his final years.

Achievements

Robert Stigwoodโ€™s list of achievements is numerous and impressive. In addition to managing renowned musical acts like the Bee Gees and Cream, he played a crucial role in producing box office hits such as โ€˜Greaseโ€™ and โ€˜Saturday Night Feverโ€™.

The influence of Stigwoodโ€™s talent and expertise can be seen through the extraordinary success of these films. โ€˜Saturday Night Feverโ€™, released in 1977 on a budget of $3.5 million, became an international sensation with over $240 million in original box office revenue alone. Stigwood also owned the groundbreaking movieโ€™s soundtrack, which sold a record-breaking 40 million copies and held the title of best-selling soundtrack until 1992.

Similarly, โ€˜Greaseโ€™, produced on a budget of $6 million, generated a staggering $366 million at the box office. The filmโ€™s soundtrack sold 38 million records, further solidifying its phenomenal success.

Beyond his accomplishments in film, Stigwoodโ€™s contributions to the music industry were equally remarkable. The โ€˜Saturday Night Feverโ€™ album alone sold 22 million copies, earning Stigwood a personal fortune of $88 million.

Throughout his career, Robert Stigwoodโ€™s projects generated over $1 billion in revenue for Paramount Pictures in just three years, excluding the substantial profits from accompanying soundtrack albums. His collaborative efforts with Rupert Murdoch revolutionized television and game shows.

Legacy

Robert Stigwoodโ€™s legacy as a prolific music and film producer continues to influence the entertainment industry. His keen eye for talent and his ability to create memorable hits such as โ€˜Greaseโ€™ and โ€˜Saturday Night Feverโ€™ have left an indelible mark on popular culture. Stigwood shaped the careers of numerous artists and propelled them to unprecedented levels of success.

Despite his passing in 2016, Robert Stigwoodโ€™s contributions will be remembered and celebrated for years to come.

Robert Stigwood Famous Network

Male Business โ™‚๏ธ With Net Worth Closest To $300,000,000

Female Business โ™€๏ธ With Net Worth Closest To $300,000,000

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