Does Phil Collins' current net worth make him a billionaire already?

In the past months, Genesis and Collins' fans have been worried about the drummer's deteriorating health. He himself confirmed that his health issue now keeps him away from his drum set, especially since his hands can barely hold the drum sticks.

Despite that, he does not have anything to prove anymore as he let his milestones and recognitions do the speaking.

In fact, out of all the members of Genesis, Collins remains as the only member who successfully reached the feat only Michael Jackson and Paul McCartney gained so far.

With that fact alone, his fans can surely guess how whopping his net worth has already become.

Is Phil Collins a Billionaire?

After decades of career in different industries, Collins already earned enough to make himself one of the highest-paid musicians in the world.

While he is yet to reach the billionaire mark, Phil Collins' net worth is now at $300 million, as Celebrity Net Worth estimated. His whopping earnings came from the salaries and pays as a soloist. For what it's worth, he is one of the only three artists in history - alongside Jackson and McCartney - to sell more than 100 million albums both as a solo artist and as a group.

It remains unknown how much exactly he earned from his album sales, but it is only a part of his income sources.

In the past years, he also held record-breaking concerts, earning millions from the tours he launched worldwide. Whether he can still play the drums or not, Collins can still easily make as much as $50 million per concert. Leaving Genesis also became beneficial for him as he still managed to have millions of album sales while he worked alone.

READ ALSO: Phil Collins Health: Status Shared After Revealing He Can No Longer Play Drums

Why Did Phil Collins Retire?

Despite his fruitful career, rumblings about his retirement rose when he announced in 2011 that he was taking time off due to health problems.

While his representatives clarified that the drummer had no intention of retiring, they changed their statement later the same day and said that Collins would quit to focus on his family.

Fans still tasted victory, though, as he officially came out of his retirement in 2015.

Is Phil Collins Deaf?

Collins faced several health issues in the past years, including a spinal injury that currently affects his capacity to play drums. He told BBC Breakfast in September that his vertebrae were crushing his spinal cord due to the position he follows whenever he drums in.

While it surely affected his whole career already, it was not the first time he faced a tragic health problem.

In 2000, he suffered sudden deafness in one ear due to a viral infection. He was able to stabilize his hearing again, but his self-esteem did not bloom that much again since that incident.

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