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David Foster Net Worth $150 million: Lifestyle, Spending Habits, Assets

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By Jitin Gambhir

David Foster is a Canadian artist who has earned a net worth of $150 million from his work as a record producer, composer, vocalist, songwriter, and arranger. Throughout the course of his career, he has been instrumental in identifying a number of up-and-coming musical artists, including Michael Buble, Josh Groban, Celine Dion, and others. Mariah Carey, Whitney Houston, Celine Dion, Andrea Bocelli, Chicago, and Toni Braxton are just a few of the well-known acts that Foster has produced.

Producing work for Madonna, Air Supply, and the late, great Michael Jackson are just a few of his numerous accomplishments in the music industry. Out of the 47 nominations he received for a Grammy, he ended up winning 16 of them. Over the course of his career, he has been responsible for the sale of over 500 million albums on behalf of the various musicians he has collaborated with.

Full NameDavid Foster
ProfessionRecord producer, Songwriter, Composer, Television producer, Actor, Musician, Singer, Music Arranger, Keyboard Player, Film Score Composer
Date of BirthNov 1, 1949
Place of BirthVictoria, Australia
NationalityCanadian
Net Worth$150 million (in USD)

If David hadn’t gotten separated four times, his net worth would probably be much higher. His wife is the singer and actor Katharine McPhee. David has raised and donated hundreds of millions of dollars to charity, mostly through the David Foster Foundation, which helps kids who are fighting for their lives because of a health problem.

david foster net worth $150 million: lifestyle, spending habits
david foster net worth 150 million lifestyle spending habits 1

Foster’s long, successful career has lead to an incredible net worth, and he sure knows how to spend it.

David Foster was an up-and-coming talent who worked with Tommy Banks before he became a Grammy-winning music composer and executive. Foster became a producer in his own right. He has worked with The Tubes, Chicago, Kenny Rogers, Celine Dion, Whitney Houston, and Josh Groban, just to name a few. He also wrote music for films, like “The Secret of My Success.”

Also Read: Pedro Pascal: Lifestyle, Wife, Net Worth

When it comes to Foster’s success, he owes a lot of it to his father. He has done well on his own, and the music to the controversial movie The Bodyguard, which he worked on, has sold millions of copies. Foster has a huge net worth because of how well his books have done, and he knows exactly how to spend his money. Here are some of the many ways we’ve seen him live like gold.

David Foster is getting close to the middle of his 70s, but he is still working on his job. He has been booking shows and planning trips. At the end of January, he will do several shows in Florida. He is worth about $150 million right now, which gives him the freedom to travel with his wife and live a happy life.

Facts about David Foster and Katharine McPhee

  1. They First Met On ‘American Idol’ and McPhee was the runner-up on season five of the show.
  2. They Have a 34-year Age Difference. Foster is 71-years-old, while McPhee will be turning 37 later this month.
  3. They went Official by going together at the event, confirming their relationship by showing up to the 2018 Met Gala in New York City.
  4. David Foster Proposed Katharine McPhee In Italy.
  5. Despite the 30 plus year age gap between them, Katharine McPhee and David Foster have a lot more in common than people would think as both of them are singer/songwriters.
  6. David Foster was a Special Guest At Katherine’s First Wedding in February 2008 to her ex-husband, Nick Coka.
  7. David’s Daughter, Erin Foster, seemingly confirmed their relationship after she shared a photo to her Instagram Story of McPhee (“new stepmom”)
  8. After dating for more than two years and getting engaged for less than a year, the pair got married at the Church of Saint Yeghiche in South Kensington, London.
  9. After being married for more than a year, the couple said in October 2020 that they were expecting their first child, a girl.
  10. David’s Family Loves Katherine and both of their families are very close.

David Bought a Six-Figure Engagement Ring for Katharine McPhee

In 2018, Foster, who had been rumoured to be seeing Katharine McPhee since 2017, popped the question with a five-carat diamond that is reported to have cost him anything between $100,000 and $150,000. This ring was estimated to have cost him between $100,000 and $150,000.

Katharine McPhees Engagement Ring
Katharine McPhees Engagement Ring

The two initially connected while McPhee was competing on American Idol, but it wasn’t until 2017 that they began to show signs of having chemistry with one another. Because it was the last thing that McPhee showed her father before he died away, the ring holds a particularly meaningful place in McPhee’s heart.

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David Foster Bought A New Family Home

It was rumoured in the year 2020 that Foster and his wife, the former runner-up of American Idol Katharine McPhee, whom he had married the previous year in 2019, were looking for a home in the Los Angeles area. It was reported in the year 2021 that McPhee and Foster had their sights set on a home on Brentwood Park that was constructed in the 1920s and sold for a price of $7.1 million.

The property has a great view of Los Angeles in addition to six bedrooms and five bathrooms, which technically don’t matter because the couple plans to tear the structure down and have their ideal home built in its place. However, the house does feature a perfect view of Los Angeles.

David Foster’s Famous Neighbours

Although the ideal situation for McPhee and Foster would be for Meghan Markle and Prince Harry, with whom they have a wonderful friendship, to live right next door to them in their new home, the reality is that the couple already has a number of renowned neighbours within walking distance of their recently purchased property.

In the event that McPhee ever finds herself in need of some light conversation, jewellery designer Jennifer Meyer is not too far away, so she wouldn’t have to travel very far at all. James Corden, the former host of The Late Late Show, is also located in the immediate area.

David Foster’s Double Dates With Prince Harry And Meghan Markle

Once upon a time, McPhee disclosed the fact that both she and Meghan Markle had performed in musicals when they were younger. Us Weekly claims that Meghan Markle and McPhee were familiar with one another when they were children but that they did not have a particularly close relationship.

The decision that Harry and Meghan made to forsake a royal life allowed them to become more closer to one another. Both sets of people had been seen on double dinner dates at Lucky’s Steakhouse in the past. They appeared to be having a good time.

David Foster And McPhee Enjoy Cruises

In 2019, right before Foster and McPhee tied the knot, the two of them took a trip together to Italy and Greece for their holiday. Both the Grammy Award-winning composer and the actress from The House Bunny were eager to have the time of their life on a cruise that was themed around the 1980s.

At that time, the couple that was going to get married soon couldn’t keep their hands off of each other. McPhee shared a photo on Instagram in which she planted a kiss on the cheek of her guy, who was beaming from ear to ear in the image.

David Foster‘s Love For Yamaha Pianos

It should come as no surprise that music is Foster’s first and foremost passion. When it comes to pianos, Foster is very particular about the brand that he chooses to purchase. During the last 20 years of his work, the producer has never possessed a piano made by any other brand but Yamaha.

He has a grand piano that is nine feet long, and he considers it to be the pinnacle of perfection. In addition to this, Foster still has the spinet that he purchased when he was seventeen years old, even though at the time he did not have nearly as much money as he does now.

DAVID Foster has a remarkable car collection

Before he became famous, Foster promised himself that if he had enough money, he would purchase a Mercedes-Benz 450 SL. 1978 was the year that this ambition was realised. Since then, he has acquired additional toys and has a peculiar obsession with dark-colored automobiles. In point of fact, when he originally got his dream car, it was copper-colored; therefore, the first thing Foster did was paint the car black. This was his long-held goal.

One of the “bad boys” that Mr. Foster has had in his collection is an Aston Martin, which he purchased after seeing one of the James Bond films. He has an affinity for Mercedes in the same way that he is head over heels in love with Yamaha.

David Foster Is Giving Back Through Charity

Every famous person supports charitable causes in one or more specific areas. Jennifer Lopez enjoys working with children, Beyoncé has a passion for uplifting the less fortunate in a way that allows them to become self-sufficient, and Taylor Swift frequently donates to and supports charity efforts that are tied to music.

A young girl who was on the waiting list for a liver transplant was the impetus behind the creation of the David Foster Foundation. In addition to assisting the families of sick children who are on the transplant waiting list, the foundation works to raise awareness of the importance of organ donation.

David Foster’s 5 Daughters, And What Do They Do?

Amy, Sara, and Erin have all talked about how they didn’t have a lot of time with their dad when they were growing up.

David Fosters 5 Daughters And What Do They Do
David Fosters 5 Daughters And What Do They Do

David Foster, a record producer and songwriter, and his wife, the actress and singer Katharine McPhee, had a son in 2021. The fact that David and Katharine are 35 years apart in age is one of the most interesting things about their relationship. Their son is their first child together, but David’s sixth because Foster has five grown girls from other relationships. Most people know that he was at some point the stepfather of Gigi and Bella Hadid as well as Brandon and Brody Jenner.

Allison Jones Foster, David’s first-born child, was put up for adoption, but she later found her way back to him. She works at the David Foster Foundation. Then there’s Amy Skylark Foster, his author and singer daughter from his first marriage. From his second marriage, he had Sara, an actress and designer, Erin, who is also a designer, and Jordan, a famous stylist.

David gave up his daughter Allison for adoption when he was only 20 years old. After 30 years, the two people met again and started dating. The 51-year-old woman is now the head and secretary to the board at the David Foster Foundation, where she works.

Amy Skylark Foster is his second child. He had her with his first wife, B.J. Cook. She writes songs, like her dad did, and she also writes lyrics and books. Sometimes, the kids of famous people do what their famous parents did.

With his second wife, Rebecca Dyer, David had three more children: Sara, Erin, and Jordan Foster. In the comedy series Barely Famous, Erin and Sara had main roles. Sarah also had a role on 90210, and she and Erin run the clothing and lifestyle business Favourite Daughter. The two have worked together on many projects over the years. They are not only Heads of Creatives for Bumble, but they are also advisors and leaders for the fitness company Mirror.

Jordan, David’s fifth daughter, is a stylist for famous people. She has worked with some of the biggest names in the business. She has made her own way in the business world, just like the rest of her brothers. Jordan has worked with some of Hollywood’s biggest stars, like Karolina Kurkova, Lily Aldridge, Kate Upton, and Ashley Graham.

Foster has a great mixed family, and he has been a stepfather to some famous actors and actresses in the past. He was Gigi and Bella Hadid’s stepdad at one point. David was married to Yolanda Hadid, who was on Real Housewives of Beverly Hills. They were married for four years before they split up.

Foster was also a stepparent to Brandon and Brody Jenner when their mother, Linda Thompson, was still alive. Caitlyn Jenner, an Olympian, was the father of Brandon and Brody.

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