Robert Stigwood Net Worth
Robert Stigwood was an acclaimed impresario, producer, and film entrepreneur who became well known for discovering and managing bands such as Cream and the Bee Gees, as well as producing hits like Grease and Saturday Night Fever for film. A man of many talents with an exceptional work ethic who loved working with music clients while remaining very private; never marrying and passing away in 2016.
Stigwood made his mark on music through his early success with The Bee Gees and other pop acts, using his keen ear for quality pop to identify potential talent before others could. Through innovative ideas and his unique perspective on entertainment business he changed it forever.
He was an expert at marketing and knew how to put together an outstanding team. With his strong work ethic and entrepreneurial drive, he always sought new ways of making money – inventing innovative products and plans that allowed him to stay ahead of competitors while taking calculated risks on long-term success of projects.
At his death, his estimated net worth was around $300 million. Among his notable accomplishments are working with The Bee Gees and producing theatrical productions such as Hair, Evita and Jesus Christ Superstar.
Stigwood was born in Port Pirie, South Australia to an electrical engineer father and attended Sacred Heart College in Adelaide before relocating to England after graduation in 1954.
By the 1970s, Stigwood had become one of the most powerful figures in entertainment. He owned RSO Records and managed bands like Cream and the Bee Gees; was responsible for soundtracks from films like Grease and Saturday Night Fever that sold millions of copies; produced films like Bugsy Malone and Gallipoli as a director; also known as an entertainment mogul!
Stigwood’s career was not without controversy. His relationship with the Bee Gees deteriorated in 1980 when they filed suit for $200 million against him alleging that he cheated them out of royalties; two years later the case was resolved out-of-court.
Stiggy was a firm advocate of royalty, paying PS3 million to secure the Crown lease on Clavering, a seven-bedroom mansion in Ascot. However, his extravagant lifestyle and cutthroat business practices did not always win him admirers: for instance he forced schools that wanted to stage Lloyd Webber’s Jesus Christ Superstar musical to pay him before permitting any performances without an official licence and insisted payment be received from those wanting to stage it themselves.
Stigwood had enormous wealth and success, yet had few close friendships due to his reserved personality and lack of socialization. In Bermuda where he owned a 26-acre estate bordered by ocean waters – his last years were spent alone as a wealthy widower without children who preferred living a solitary existence in his last days.