‘It’s not how long but how well’ is a phrase that has been used for years to represent the fact that the true value of a thing lies not in its longevity but instead in its effectiveness. For Tim Bergling, the Swedish DJ popularly known as Avicii, the phrase is particularly true as he racked up an impressive amount of success as a musician, which reflected in his net worth.
He was a remixer, a songwriter and a record producer, all of which he excelled at and become a wealthy young man in the process. With the posthumous release of his album, Tim, we examine how much the DJ is worth today and how the new album affected his net worth.
What is Avicii’s Net Worth?
According to Celebrity Net Worth, Avicii has a net worth of $50 million. He acquired the bulk of his wealth over the course of 12 years as a professional DJ and musician, with endorsement deals contributing to the rest.
He began life as a DJ at the age of 8, mixing in his bedroom. At the age of 16, he started his career as a DJ and after a year, was signed to Dejfitts Plays Label. After three years of honing his craft under the label, he got his breakthrough in 2010 when he released the song, Seek Bromance. The song was his first commercially successful track, reaching the top 20 in more than 20 countries and selling over 300,000 copies.
His second successful track was Levels, which he released in 2011. The track performed better than Seek Bromance, reaching the top ten in 25 countries, and reached #60 on the US Billboard Hot 100. It was the song that gave him mainstream popularity, selling more than 5 million copies.
With mainstream popularity came features and performances in various major music festivals across the globe. According to Celebrity Net Worth, Avicii made as much as $500,000 per set at the height of his career.
Avicii’s growing popularity, as well as his net worth, further increased after he released his first album, True. The album was released in September 2013 and debuted at Top Ten in various countries, selling more than two million copies worldwide.
The singles, Hey Brother and Wake Me Up, aided the album. Both of them performed exceedingly well in music markets across the globe and cemented his place as an international music star.
At the time of his death, Avicii had acquired more than $50 million in net worth, earned from two studio albums, three compilation albums, six EPs, over 45 singles, and several concerts and music festivals.
He also made his money through endorsement deals with brands like Volvo and Ralph Lauren.
Net Worth after Posthumous Album Release
Tim, the third album by Avicii, was released in June 2019. The album was released about a year after his death, and it featured twelve tracks. In the lead up to the release of the album, three singles were released, SOS, Tough Love and Heaven. Although the album received mixed reviews, the lukewarm critical reception was nullified with solid commercial performance.
The album debuted and peaked in the top ten in 22 countries, and was #11 on the US Billboard 200. However, sales and profit from the album will have minimal effect on Avicii’s net worth. The proceeds from the album and the singles are all going to the Tim Bergling Foundation, a foundation set up by his family after he passed to tackle mental health awareness and suicide prevention.
The foundation was created in March 2019, and aside from combating mental health awareness, it will also be supporting climate change, nature conservation, and the protection of endangered species.
The move is a continuation of Avicii’s passion for philanthropy. He was a supporter of several charity organizations, such as Feeding America and House for Hunger. For Feeding America, Avicii donated proceeds from his House for Hunger tour as well as an additional $1 million.
Who Inherited Avicii’s Estate?
Despite committing a significant fraction of his net worth to philanthropy, Avicii, whom many expected would commit his fortune to charity, surprisingly died without a will.
As a result, under the laws of Sweden, his home country, all of his wealth was inherited by his parents, Klas Bergling and Anki Liden, because the music producer did not have a wife nor children at the time of his death.
Some of the possessions inherited by his parents include his Hollywood Hills mansion, which was sold in 2019 for $17.5 million.