Tom Waits Net Worth (Updated 2026).

Tom Waits, born Thomas Alan Waits in 1949, embarked on his musical journey in the early 1970s, playing in local clubs and bars around his native California. His gravelly voice and storytelling lyrics, heavily influenced by blues, jazz, and classic American music, began to draw attention. His first break came when he was discovered by singer Bette Midler, who hired him as her opening act. This exposure led to his first record deal with Asylum Records in 1973, releasing his debut album “Closing Time” the following year.

Tom Waits’ Current Net Worth (2025)

As of 2025, Tom Waits’ current net worth is estimated to be around $20 million. This figure is a culmination of his successful music career spanning over four decades, along with his work as an actor and songwriter.

Career

Tom Waits began his music career in the 1970s, releasing his first album, “Closing Time,” in 1973. He gained prominence in the late 1970s and 1980s with albums like “Rain Dogs” and “Mule Variations,” winning two Grammy Awards. He has also made significant contributions as a songwriter, with his songs recorded by various artists, including The Eagles and Rod Stewart.

Other Ventures

In addition to his music career, Waits has ventured into acting, appearing in films like “The Outsiders,” “Down by Law,” and “Seven Psychopaths.” He has also lent his distinctive voice to various projects, including video games and documentaries. Furthermore, Waits has directed music videos and produced albums for other artists.

Assets

Waits’ assets include his record label, Anti-, which he co-owns with his wife Kathleen Brennan. He also owns the rights to his extensive catalog of music, which generates royalties. Waits resides in Sonoma County, California, where he owns a home valued at around $2 million. He also owns a collection of vintage instruments and equipment, which he uses in his recordings.

Annual Income

Tom Waits’ annual income is largely derived from his music career, including album sales, touring, and royalties. As of 2025, his estimated annual income is around $1.5 million. His acting roles and other ventures also contribute to his annual earnings. However, the exact figures can fluctuate year to year depending on his workload and the success of his projects.

Frequently Asked Questions about  Tom Waits

**Frequently Asked Questions: Tom Waits Net Worth**

1. What is Tom Waits’ net worth?

Tom Waits’ net worth is estimated to be around $20 million.

2. How did Tom Waits make his money?

Tom Waits made his fortune through his successful music career, acting roles, and songwriting. He has released numerous critically acclaimed albums and has appeared in several films.

3. What is Tom Waits’ most successful album?

Tom Waits’ most successful album is “Mule Variations,” which won a Grammy Award for Best Contemporary Folk Album in 2000. It also reached number 16 on the Billboard 200 chart.

4. What are some of Tom Waits’ acting roles?

Tom Waits has appeared in several films, including “The Outsiders,” “Down by Law,” “The Cotton Club,” “Bram Stoker’s Dracula,” and “The Book of Eli.” He has also had recurring roles on television shows like “The Wire” and “Bones.”

5. How tall is Tom Waits?

Tom Waits is 5 feet 9 inches (175 cm) tall.

6. What is Tom Waits’ birthdate?

Tom Waits was born on December 7, 1949.

7. Where was Tom Waits born?

Tom Waits was born in Pomona, California, USA.

8. Is Tom Waits married?

Yes, Tom Waits has been married to Kathleen Brennan since 1980. They have three children together.

9. What awards has Tom Waits won?

Tom Waits has won two Grammy Awards, for Best Contemporary Folk Album (“Mule Variations” in 2000) and Best Traditional Blues Album (“The Lost Highway” in 2005). He has also been nominated for several other Grammy Awards throughout his career.

10. What is Tom Waits’ latest album?

Tom Waits’ latest album is “Bad as Me,” which was released in 2011.