Steven Tyler Net Worth: Despite Addictions That Almost Left Him Broke, Is He Still Aerosmith’s Richest Rocker with $150 Million?

Steven Tyler is one of the most recognized singers in the rock and roll scene. The 70+-year-old American celeb amassed a massive fortune, but he blew a huge amount of it on drugs.

Sadly, addiction has always been a significant issue in Tyler’s life from his teenage years until his 70s.

Are you eager to learn how much the rock star is worth now? What about his multi-decade fight with addiction?

In this post, I’ll shed light on Steven Tyler’s net worth and his story of drug abuse. We’ll also give you a snapshot of his early life.

A Quick Summary of Steven Tyler

Before diving into the details of his fortune, let’s take a look at a quick summary of Steven Tyler:

Steven Tyler’s Net Worth: The Wealthiest Member of Aerosmith

As of writing these words, Steven Tyler’s net worth is estimated to be around $150 million, making him the wealthiest member of Aerosmith.

Besides this immense fortune, Tyler owns an impressive collection of motorcycles and cars. The collection includes the following vehicles:

But how did he amass this fortune?

The primary source of Tyler’s fortune is his legendary career in the music industry, especially his well-recognized records with Aerosmith.

This band broke into the mainstream in the mid-1970s and performed on countless tours in stadiums and popular music festivals.

The band then returned in the late 1980s, producing many hit records.

In addition to his income from Aerosmith’s works, Tyler made a substantial fortune through solo records and collaborations with other artists.

His participation in multiple movies and TV series also brought him considerable income. Another source of revenue for Tyler was his role as a member of the judge board on American Idol for two seasons.

Moreover, Tyler founded the manufacturing company Dirico Motorcycles in 2007 because of his high enthusiasm for motorcycles.

This company is one of the significant sources of income for the rock star.

Now, you probably wonder how rich Steven Tyler is compared to the other members of Aerosmith.

Here’s a quick look at the other members’ fortunes:

• Brad Whitford is worth $40 million.
• Joey Kramer boasts a $100 million fortune.
• Tom Hamilton owns a fortune of $100 million.
• Joe Perry’s net worth is around $140 million.

Tyler Went Through a Long, Tough Journey with Addiction

When Tyler rose to fame in the 70s, drug abuse was the norm among rock and roll stars.

Tyler commented on that in 2019, saying that he didn’t think a band at that time knew what sober was.

The rock star was no different; he consumed drugs everywhere.”I would have been killed many times over,” Tyler told People Magazine when he described his drug misuse.

Let’s dive deep into his addiction story:

Misused Drugs from an Early Age

The story of Tyler’s drug misuse became known only a couple of decades ago. However, his addiction story started earlier in his teenage years.

Tyler stated that he began to use LSD while in high school. He added that he was looking up to many rock stars back then who were well-known for using drugs.

He said that he had thought these substances fueled their creativity, and that was the reason he started misusing drugs.

Besides LSD, Tyler consumed other various drugs, including cocaine, heroin, valium, and methamphetamine.

Began the Recovery Journey in the 1980s

After years of drug abuse, Aerosmith’s members persuaded Tyler to treat his addiction in the 1980s. As such, he decided to enter a rehab center.

Luckily, his recovery journey was a success, and the rock star remained sober for more than a decade.

This was until he relapsed at the beginning of the 2000s. The reason was misusing a painkiller a doctor prescribed to him after foot surgery.

From that point, Tyler struggled for years to achieve sobriety again. Following years of failed attempts, Tyler started another recovery journey from painkiller addiction in 2009.

Relapsed Again in 2022!

Over ten years after recovering from painkiller abuse, Tyler relapsed again in 2022. As always, Tyler’s bandmates played a vital role in helping him seek treatment.

The band canceled their Los Angeles residency relaunch to allow Tyler to enroll in a treatment program.

Later, the rock star acknowledged the role of his bandmates in encouraging him to achieve sobriety.

Squandered Over $20 Million on Drug Abuse

In 2011, Tyler revealed that he had spent over 20 million dollars on cocaine and heroin. This confession was a part of his memoir “Does the Noise in My Head Bother You?”

He also said he “snorted away” his house, plane, and Porsche. Despite this dip in the rock star’s fortune, he rebuilt it over the years.

Steven Tyler’s Early Life and Forming Aerosmith

We’ll take you back to the renowned rock star Steven Tyler’s early years.

Steven Victor Tallarico was born in Manhattan, New York, in March 1948. His mother is Susan Ray, and she worked as a secretary. On the other hand, his father, Victor Tallarico, was a pianist and a musician.

Steven was a student at Roseville High School but, unfortunately, was expelled due to drug-related issues. He then graduated from Quintano’s Professional School.

Because of his father’s history in the music industry, Steven has been passionate about music since his childhood.

But when exactly did Steven Tyler form Aerosmith?

In the 1960s, Tyler moved to Boston and met his current bandmates for the first time. A few years later, the musicians formed Aerosmith with Tyler in 1969.

This was the turning point in Tyler’s life and career.

Wrapping Up

Now you know all you need about Steven Tyler’s net worth.

The renowned rock singer Steven Tyler is worth around $150 million. This fortune would’ve been much more significant if he hadn’t blown tens of millions on drug abuse.

The American celeb has had a multi-decade fight against addiction, and luckily, he won the battle.