Wayne Newton Net Worth: Income Sources, Early Life, Career, Biography, Private Life, Cars, Real Estate, and More!

Wayne Newton is a $50 million net worth American singer and artist. Wayne is known in Las Vegas as The Midnight Idol, Mr. Las Vegas, and Mr. Entertainment. As of 2022, Newton has an expected income of $5 million per year.

Wayne Newton’s Net Worth 2022

Wayne Newton’s Net Worth Increase

Wayne Newton’s Early Life

Carson Wayne Newton was born on April 3, 1942, in Norfolk, Virginia, to car mechanic Patrick Newton and Evelyn Marie Newton. Newton spent much of his youth in Roanoke, where he began playing the piano, guitar, and steel guitar at the age of six, while his father served in the United States Navy during WWII.

When he was a youngster, his family moved to Newark, Ohio, and he began singing in local clubs, theaters, and fairs with his elder brother, Jerry. Due to his chronic asthma, Newton’s family relocated to Phoenix in 1952, and he dropped out of North High School just before the conclusion of his junior year.

Wayne Newton’s Career

Newton and his brother established the Rascals in Rhythm, which traveled with the Grand Ole Opry roadshows and appeared on ABC-Ozark TV’s Jubilee; they also played in front of President Dwight D. Eisenhower and auditioned for Ted Mack’s Original Amateur Hour, but were turned down.

In 1958, a Las Vegas booking agent saw Newton performing on a local TV show at the end of his junior year of high school and asked him back for an audition. The brothers were only signed for two weeks, but they ended up working for five years, averaging six shows every day. In 1962, they made their television debut on The Jackie Gleason Show.

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By 1963, Newton had signed with Capitol Records, and his debut album, “Danke Schoen,” hit number 13 on the Billboard Hot 100.

Career in Entertainment

He replaced The Beach Boys and The Grass Roots during the 1983 Independence Day extravaganza on the Washington Mall. Newton was a friend and supporter of President Ronald Reagan, as well as a contributor to the Republican Party.

Newton topped the Cashbox Pop and Country charts in 1992 with “The Letter.” In the late 1980s and early 1990s, Newton was a solo performer in Las Vegas. In 1994, he performed his 25,000th solo show in Las Vegas. In 1999, he agreed to a ten-year deal with the Stardust Resort and Casino on the Las Vegas Strip. The casino was dismantled in 2005, and the contract was terminated peacefully. Soon after, he started a 30-show run at the Hilton.

In 2005, Newton debuted “The Entertainer,” a reality competition show on the E! Entertainment network. During the 2007 autumn season of “Dancing With the Stars,” he competed. Newton’s performance “Once Before I Go” premiered in 2009 at the Tropicana hotel and casino in Las Vegas. He took a five-year hiatus to spend more time with his family and to hone his voice in preparation for a future residency in Las Vegas.

Newton made a dramatic return to the stage in 2016 with “Up Close & Personal,” a lounge performance that mixed singing and playing some of his 13 self-taught instruments, at Bally’s Hotel.

He has performed live over 30,000 times in Las Vegas, the “Entertainment Capital of the World.” During the COVID-19 pandemic in 2020, Newton appeared in TV advertising in North America, encouraging Caesars Entertainment to reopen its venues.

Wayne Newton’s Biography

Favorite Things

Wayne Newton’s Private Life

In 1968, Newton married Elaine Okamura. They divorced in 1985, and Erin Newton is their only child. In 1994, Newton married Kathleen McCrone, an attorney from North Olmsted, Ohio. The couple’s only child is Lauren Ashley Newton.

Newton once stated that his two biggest interests were music and horses. When he was in sixth grade, he swapped his bicycle and his parents’ camera for a foal. He “fell in love” with the Arabian breed after owning the Champion stallion Aramus, after whom he named his horse ranch.

He won the Arabian Horse Breeders’ Association Lifetime Achievement Award in 2007, and the Arabian Professional and Amateur Horseman’s Association awarded him, Breeder of the Year, in 1996.

Charity

Wayne appeared in the 1996 musical “You Can’t Say Love Enough,” which starred Dolly Parton, Heidi Newfield, and other celebrities. This performance earned funds for diabetes research and founded the Wayne Newton Research Grant, which the American Diabetes Association awarded to various researchers.

Financial and Legal Issues

Newton was a co-owner of the Aladdin Property from 1980 to 1982, resulting in various lawsuits and a failed attempt by Newton to purchase the whole hotel in 1983.

Newton purchased a 213-acre tract of land near Zephyr Cove, Nevada, in 1985. He attempted to obtain permission to subdivide the land. The Tahoe Regional Planning Agency rejected his development plans and sued him. Newton declared Chapter 11 bankruptcy in 1992 to restructure $20 million in debts. His bankruptcy petition includes a $341,000 IRS tax assessment. By 1999, he had recovered financial stability.

The IRS sued Newton and his wife in 2005, saying that they owed more than $1.8 million in taxes and penalties. In 2009, Newton was accused of owing an airport $60,000 in overdue parking fees.

Newton was accused of owing GMAC $36,999 on a Cadillac lease. The lawsuit was ultimately dismissed. Bruton Smith sued Newton, stating that he was in default on a loan that he guaranteed. Smith foreclosed on Newton’s Las Vegas property, Casa de Shenandoah.

Wayne Newton’s property barred sheriff’s deputies and a fleet of moving vehicles from entering. The authorities attempted to serve civil documents and confiscate property as part of a $501,388 judgment against Newton. Newton’s security guards refused to take the papers. Ward, who sued in 2006, obtained a judgment for past-due wages, with the penalty increasing in value by $126.86 every day, according to sources.

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Newton was sued for $19.5 million by a developer over rejected plans to transform his house into a museum. The developer was said to have invested $50 million in the project, but Newton refused to quit and resisted efforts to persuade him to do so.

Frequently Asked Questions

What is Wayne Newton doing now?

Wayne Newton is presently on tour in one country and has 59 scheduled shows. Their next tour stop will be at Bugsy’s Cabaret at the Flamingo in Las Vegas, followed by another stop at Bugsy’s Cabaret at the Flamingo in Las Vegas.

Did Wayne Newton lose his money?

Wayne Newton had a few singles in the 1960s, but he rose to prominence as a Las Vegas lounge singer, becoming the highest-paid performer in 1983. Newton, though, was insolvent and $20 million in debt by 1992. Newton’s financial woes did not end after he paid off his debts.

Does Wayne Newton own a hotel?

Wayne Newton, the singer, has acquired the Aladdin Hotel-Casino for an estimated $55 million, preventing the Teamsters Central States Pension Fund from foreclosing on the gambling complex.

Summary

Wayne Newton’s net worth is expected to be $50 million as of 2022, with an annual income of $5 million. Newton’s income originates from his work as a performer, as well as his well-known singer songs. He filed bankruptcy in 1992 and again in 2010, although he has since recovered his financial situation.