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David Foster is a legendary Canadian musician, songwriter, and TV personality who has carved a niche in the music industry worldwide.
At 5, he already knew how to play the piano which paved the way for him when he joined a musical band. He was featured in many works of music alongside famous artists.
What Is David Foster’s Net Worth
As of January 2023, David Foster has a net worth of $150 million. His primary source of wealth is music, songwriting, song production, and TV shows.
For over three decades, David Foster has enjoyed a fantastic career that makes him a huge figure in the world of entertainment. You will learn many things about David Foster in this piece, including his early life, personal life, career, earnings, lifestyle, and important lessons from his career years.
David Foster’s net worth stands at $150 million as of January 2023. The millionaire Canadian singer acquired most of his wealth as a songwriter, producer, and TV show. He wrote several songs over the years and was featured in many songs for other musicians.
David Foster also made some money as a TV personality for different shows, including the popular American show “American Idol,” The Oprah Winfrey Show,” and “The View,” among others.
Some big names such as Toni Braxton, Brandy, Diane Warren, and Celine Dion have also worked with the 73-year-old. He continues to grow his wealth from diverse sources.
Born on the 1st of November, 1949, David Walter Foster’s life started with his parents in Victoria, British Columbia, Canada. His father’s name is Maurice (Maury) Foster, and he worked as a maintenance yard superintendent. Her mother’s name is Eleanor May.
The British Columbia-born David Foster developed an interest in musical instruments at a very young age.
The musician with a $150 million net worth was a piano player at the very young age of five. At 13 in 1963, David became a piano expert, leading him to join a music program held at Washington University.
Two years later, David auditioned to be the band leader at the Edmonton nightclub, a band belonging to the famous jazz artiste Tommy Banks, who kept David Foster under his watch.
Banks nurtured David in the music business for some time. Foster played alongside Ronnie Hawkins as a backup member for Chuck Berry in Canada’s Toronto.
David felt it was time to move on in 1974, having established his band Skylark. He moved to the United States, Los Angeles.
|Net Worth||$150 million|
|Full Name||David Walter Foster|
|Net Worth||$150 million|
|Date of Birth||November 1, 1949|
|Profession||musician, songwriter, and TV personality|
|Country of Origin||Canada|
|Place of Birth||Victoria, British Columbia, Canada|
|Currently Lives In||Los Angeles|
|Ethnicity||English, Scottish and Irish Descent|
The Canadian music star had been in marriages with five women. David Foster’s first wedding was in 1972 with singer and writer B.J. Cook. The union came to an end in 1981. The couple had a daughter named Amy.
In 1982, David found love again and wedded Rebecca Dyer. However, the union, which produced three daughters, Sara, Erin, and Jordan, hit the rock four years after.
David Foster broke up the relationship in 1991 when he met actress Linda Thompson, a union that ended in 2005, which was his longest.
In 2011, The Canadian resident met a Netherlands model, Yolanda Hadid, who was the fourth woman to tie the knot with him. Hadid came to the limelight on The Real Housewives of Beverly Hills, a show that featured David Foster many times.
Hadid already had three children before meeting David Foster. However, the TV personality became their stepfather. After four years of marriage, Foster filed for a divorce in 2015. Hadid and David separated two years later after filing for divorce.
In June 2018, Foster entered another relationship with 35-year-old Katharine McPhee, a professional singer and actress. David Foster tied the knot with her love in 2019 in the same month they met.
David was not concerned about the age difference between him and his new bride. He ignored any subject of controversy regarding his decision. In February 2021, the couple had a son named Rennie.
David Foster has been a pianist at the age of 5. He started his music career with the pop band Skylark as a keyboard player after Eirik Wangberg discovered him. In 1973, they released a song titled “Wildflower.” The song made it to the top ten hits that year.
The band members later went their ways, but David Foster stayed back in LA. While in LA, David and Jay Graydon formed another band Airplay. David Foster was more curious about his music career, so he started writing songs and, at the same time, working as a producer. He was also an arranger for several projects.
One of his arrangements was seen in Earth, Wind and Fire’s album “I Am,” released in 1979. During this period, David also worked as a studio player and co-wrote six songs in the 1979 album.
Foster wrote an R&B track, “After the Love Has Gone,” alongside Graydon and Bill Champlin. The song went on to win the Grammy Award in 1980. Through the 80s, David did not stop working as a songwriter. He wrote many songs during this period, such as Forever” (1985) and “Heart to Heart” (1982), among others.
He also worked on Kenny Rogers’ 1984 album “What About Me.” He continued composing songs and wrote many for films, as seen in the 1987 movie, “The Secret of My Success.” David also composed the song for the Winter Olympics in Calgary, Alberta, which took place in 1988, titled “Winter Games.”
David Foster secured a deal with the famous film producer “Warner Bros” in 1995, allowing him to set up his boutique label and 143 Records partnering with the film producer. 143 Records signed the Irish folk-rock band The Corr as one of their first signings.
David Foster continued with the band until 1997, when Warner Bros repurchased the label from him, which made Warner the Senior Vice President. David Foster produced “The Power of the Dream,” among other notable records in the 90s.
He collaborated with some notable names in the music scene, such as Celine Dion, where he joined the female music star to compose the famous track “Because you loved me.” He also composed alongside Toni Braxton, Brandy, Diane Warren, and Kenneth “Babyface” Edmonds.
David Foster has also produced several Christmas songs over the years. He hosted a one-night concert in Las Vegas in 2008, featuring his over three decades of songs in the music industry. David Foster produced the best-selling Christmas album in 1998, 2007, 2008, 2009, 2011, and 2012.
Beyond David Foster’s incredible music career, the legendary Canadian musician also made many TV appearances, although they are music-related programs.
The popular show “American Idol” featured David Foster as a guest in April 2006. He was also a guest judge on “Nashville Star.”
David Foster further appeared on shows such as “The Oprah Winfrey Show” and “The View,” among other shows. In 2015, 2017, and 2019, David Foster was featured as a judge in the famous show “Asia’s Got Talent.”
Awards and Achievements
David Foster is one of the musicians with the highest achievements. The commitment of the Canadian musician has paid off over the years, which saw him win many of the most coveted awards.
Overall, He has been nominated for the Grammy 47 times. Surprisingly, David Foster won it 16 times. He has also won other major awards, such as the Academy Awards and Globe Soccer Awards. This makes him one of the richest songwriters in the world, next to the likes of David Cook, David Foster, Toni Braxton and more.
3 Key Factors to Success of David Foster
At a very tender age, David had already been dreaming of the bigger picture in the future. He had always worked hard to achieve these successes. Beyond his wealth, he has massive awards and nominations to his name in Canada and worldwide.
Here are some of the vital life lessons from David Foster:
1. Don’t be Afraid to Take a Step
One of the attributes that fuelled David Foster’s success was that he was bold enough to take a step. When the first band he joined was disbanded, he didn’t give up but believed he had what it takes to unleash the genius in him.
2. Anything Worth Doing at all Is Worth Doing Well
David Foster puts his best in whatever he does, which is evident in his musical career. His best won him 16 Grammy awards out of 47 nominations. Even if it is not paying off immediately, it will pay off one day.
3. Start Early
Becoming a pianist at age 5 means no one is too young to start. Indeed, age shouldn’t be a factor when making important life decisions. Anyone could make it if he could achieve it by starting at a very tender age. There is no time limit to success.
David Foster loves a private lifestyle; therefore, much about the 73-year-old Canadian musician isn’t known. The musician and his wife acquired a home in 2021 worth $7.1 million in LA’s Brentwood neighborhood.
His David Foster Foundation gives hundreds of millions of dollars to charity, especially to the less privileged struggling to live due to medical conditions.
David Foster is one of the many musicians who achieved almost everything possible in the music industry. However, he may have had a higher net worth if he had enjoyed a stable marriage, although he is still with his last wife, singer/actress Katharine McPhee.
As of 2023, he is estimated to worth about $150 million and he remains respectable in the music industry.