MoneyINC Logo
Years of

How Steven Tyler Achieved a Net Worth of $130 Million

Steven Tyler is a singer, songwriter, and actor who is best known as the lead singer of Aerosmith. Tyler also played the piano, percussion, and harmonica for the rock band. He is known as the ‘Demon of Screamin’, and, and he has enjoyed an extremely successful career. As a result of this, Steven Tyler now has an estimated net worth of $130 million, and here is how he accrued this wealth.

Net Worth$130 Million
NameSteven Victor Tallarico
BornManhattan, New York
Birth DateMarch 26, 1948
Source of WealthAmerican Singer, Songwriter, Musician, Actor and Former Television Personality
CountryUnited States

Steven Tyler’s Childhood

Born in Manhattan on March 26, 1948, Tyler was called Steven Victor Tallarico at birth. He was not known as Steven Tyler until he became a performer. He is the son of secretary Susan Ray, who is of Polish and English ancestry, and Victor A. Tallarico, a musician, and pianist of Italian ancestry. At the age of three, Tyler moved to the Bronx with his parents and older sister, Lynda, and then to Yonkers when he was nine. Tyler attended Roosevelt High School but was expelled because he was using drugs. He then graduated from Quintano’s School for Young Professionals. As a teen, he was a fan of the Rolling Stones and people often said he looked like Mick Jagger.

His Career in the 1970s

In 1969, Tyler went to see a band called Jam Band play. The guitarist of this group was Joe Perry and Tom Hamilton played the bass. Perry and Hamilton would later become Tyler’s bandmates. At this time, Tyler dreamed of being in a rock band and had already begun writing music, including the future Aerosmith single ‘Dream On’. Aerosmith was formed in 1970, with Tyler as the frontman and Hamilton and Perry on bass and guitars respectively. They were joined by Joey Kramer on the drums and Ray Tabano on rhythm guitar. The band moved to Boston together to launch their music. However, there were issues with Tabano and he was replaced with Brad Whitford.

The band began by touring the Boston club circuit, and they got their break when they performed at the legendary nightclub ‘Max’s Kansas City’ in 1972. At this gig, they showcased their music to record company executives and this led to them signing a deal with Columbia Records. The following year, they released their eponymous debut album, followed by their second album ‘Get Your Wings’ a year later. Aerosmith continued to tour between recording music and opened for other bands at their gigs. In 1976, they released ‘Dream On’, the song that Tyler had written before the band formed, and it became a minor hit. By 1975, they had begun to break into the mainstream music industry when they released ‘Toys in the Attic’. Their place in the music industry was secured when this album was followed by another, ‘Rocks’, just a year later.

They had also begun to get top 40 positions when they released their singles. The first to achieve this level of success was the 1975 single ‘Sweet Emotion’. Others that were hits at this time include ‘Walk This Way’, ‘Last Child’, ‘Dream On’, ‘Home Tonight’, and ‘Back in the Saddle’. 1976 was also a good year for Tyler as an individual, as he was being recognized as a major rock star and he had become a sex symbol with thousands of fans idolizing him. His photograph appeared on both the cover of ‘Rolling Stone’ magazine and on the cover of Aerosmith’s fifth album ‘Draw the Line’. In the later years of the 1970s, the band continued to release hit singles. The five albums that they had already released had all gone on to become multiplatinum by this time. As a result of their success, they increased their live performances and released videos.

Tyler in the 1980s

By the late 1970s, things had begun to take a downward turn for Aerosmith. Spending all their time together and heavy drug use had begun to take its toll on all the members of the rock band. Perry and Tyler had even earned the nickname ‘The Toxic Twins’ because of their notoriety for heroin binges and for taking stimulants.

In 1979, Perry had a huge argument with his bandmates at the World Series of Rock and quit Aerosmith. He founded his own band while Aerosmith replaced him with Jimmy Crespo. Things got worse for Aerosmith when Tyler was badly injured in a motorcycle accident in 1980. Not only was he hospitalized for two months following the accident, but he was also unable to record for most of 1981. Then, Brad Whitford left the band and was replaced by Rick Dufay. Although the band in their new formation continued to write music and to tour, things were not the same. Furthermore, Tyler’s drug abuse had increased dramatically, and he had begun roaming the streets looking for dealers.

In 1984, Tyler and Whitford went to see Aerosmith in concert and met up with their former bandmates backstage. They agreed to reunite and relaunch Aerosmith. The band replaced their manager and signed a record deal with Geffen Records. They released the album ‘Done with Mirrors’ in 1985. Tyler was still suffering badly from his drug addiction, and the band staged an intervention to get him into a rehabilitation program in 1986. Following on from Tyler’s successful rehabilitation, his bandmates followed in his footsteps.

When Run-DMC did a cover of ‘Walk This Way’ featuring Aerosmith in 1986, it helped Aerosmith to make a comeback into mainstream music and introduced them to a new generation of music fans. In 1987, they released the multiplatinum album ‘Permanent Vacation’. From this album, there were three top 20 hits; ‘Rag Doll’, ‘Angel’, and ‘Dude (Looks Like a Lady)’. After spending some time touring with Guns N’ Roses, Aerosmith released the album ‘Pump’ in 1989, which sold more than seven million copies and produced several top 10 hit singles. Aerosmith won their first Grammy Award for ‘Janie’s Got a Gun’, which had featured on this album and was a top 10 hit.

His Music in the 1990s

The phenomenal success of Aerosmith continued into the 1990s. In 1993, they released ‘Get a Grip’, which was their most successful album internationally and it sold 15 million copies. Some of their best-known singles from this album include ‘Crazy’, ‘Cryin’, ‘Eat the Rich’, and ‘Livin’ on the Edge’. The release of this album was followed by a tour of the same name. It was their most extensive tour and covered 240 shows in 30 countries.

Towards the end of the 1990s, the band almost split for a second time when their manager, Tim Collins, began spreading rumors. These related to the band’s drug use, arguments between the group, and accusations that Tyler was unfaithful to his wife. Instead of splitting, they fired Collins. Despite sacking their manager, they managed to release the 1997 album ‘Nine Lives’. Tyler wrote the song ‘I Don’t Want to Miss a Thing’ for the 1998 film Armageddon. It was Aerosmith’s first number one hit and it remains the only song to debut at number one on the Hot 100 that is by a rock band.

Steven Tyler in Music from 2000 Onwards

2001 was a great year for Steven Tyler and the rest of Aerosmith. Not only did they play at the halftime show of the Super Bowl XXXV, but they were also inducted into the Rock and Roll Hall of Fame. In the same year, they released the album ‘Just Push Play. It was during this period of his life that Tyler began to expand his interests beyond Aerosmith. Although he has continued to tour with Aerosmith and create music, he diversified his career into television, film, and business. He also wrote and released his first country solo album ‘Somebody from Somewhere’ in 2016. This had been preceded by the lead single from the album ‘Love Is Your Name’ the previous year. Since then, Tyler has toured with Aerosmith and performed live at many events, both with his bandmates and as a solo artist.

Tyler’s Television and Film Career

In addition to his successful career in the music industry, Steven Tyler has also worked in both film and television. His feature film debut was in 1978 when he played a member of the Future Villain Band in ‘Sgt. Pepper’s Lonely Hearts Club Band’. He has played himself in many films, including ‘Wayne’s World 2’, ‘Lizzie McGuire’, and ‘Be Cool’. Tyler has also provided his voice for several animations, including ‘The Polar Express’ and ‘Epic’. On television, he has appeared in episodes of series such as ‘The Simpsons’, ‘Two and a Half Men’, ‘Saturday Night Live’, and ‘Nashville’. However, the role for which he is best-known on television is as one of the judges on ‘American Idol’. He joined the panel of judges in 2011 for the tenth season of the show, and he remained a judge for two seasons until he quit in 2012.

His Motorcycle Business

One of Steve Tyler’s biggest passions is motorcycles, and he is a long-time motorcycle riding enthusiast. He launched a brand of motorcycles that he had designed himself in September 2007. Originally, they were called Red Wing Motorcycles, but they later became Dirico Motorcycles. The motorcycles were engineered by Mark Dirico, hence the name change, and built by AC Custom Motorcycles. As a motorcycle enthusiast, Tyler has taken part in several children charity auctions that have involved motorcycles.

Tyler’s Personal Life

Steven Tyler has had a colorful personal life with several failed relationships. His first serious relationship after becoming famous was with Julia Halcomb. This relationship began in 1975 when he was 27 and she was just 16. Tyler asked her parents to sign over her guardianship so that she could move to Boston with him. Both Tyler and Halcomb took drugs throughout their three-year relationship. Halcomb became pregnant but chose to have an abortion after concerns were raised that the effects of breathing in smoke from a house fire and continued drug use could affect the unborn child.

While still in a relationship with Julia Halcomb, Tyler had a brief fling with model Bebe Buell. As a result of this relationship, he fathered actress Liv Tyler, who was born in 1977. However, he did not know he was her father when she was a child as Buell claimed that the father of her daughter was Todd Rundgren. She did this to protect Liv against her father’s drug addiction. Liv Tyler is now married to entertainment manager David Gardner and has three children. Tyler went on to have two marriages, from which he has three more children. His first wife was model Cyrinda Foxe, who he married in 1978. With Foxe, Tyler had one daughter, model Mia Tyler. The couple divorced in 1987 and Foxe died from brain cancer in 2002.

He then married clothing designer Teresa Barrick in 1988. In 1989, their daughter Chelsea was born, followed by son Taj in 1991. After 17 years of marriage, the couple announced their separation in 2005 and their divorce was finalized the following year. His most recent long-term relationship was with Erin Brady, and this began in 2006. In December 2011, they got engaged. However, they broke off their engagement in January 2013 after almost seven years together. He currently lives in a luxurious property in Maui, Hawaii.

Steven Tyler’s Net Worth

As of September 2019, Wealthy Gorilla estimated his personal net worth at $130 million. He has accrued the majority of this wealth through his work in the music industry. This includes money made from record sales, tours, live performances, and related merchandise both as a member of Aerosmith and as a solo artist. He has also made money from his business ventures and from various television and film appearances.

Allen Lee

Written by Allen Lee

Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language.

Read more posts by Allen Lee

Related Articles

Stay ahead of the curve with our most recent guides and articles on , freshly curated by our diligent editorial team for your immediate perusal.
As featured on:

Wealth Insight!
Subscribe to our Exclusive Newsletter

Dive into the world of wealth and extravagance with Money Inc! Discover stock tips, businesses, luxury items, and travel experiences curated for the affluent observer.
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram