It has been announced that Jimmy Buffett is dead at the age of 76.
The cause of Jimmy Buffett's death was not revealed, although he had been in hospital in recent months.
According to a statement on his website per the BBC, "Jimmy passed away peacefully on the night of September 1 surrounded by his family, friends, music, and dogs."
"He lived his life like a song till the very last breath and will be missed beyond measure by so many."
Jimmy Buffett Net Worth 2023
When he died, the net worth of Jimmy Buffett was an unbelievable $1 billion, according to Parade.
His tremendous fortune wasn't only earned from music - although it played a big part.
Jimmy had reportedly made $570 million touring and recording, $50 million from his extensive song catalog, and a further $140 million through investments in possessions such as aircraft, real estate, and stocks like Berkshire Hathaway.
The late musician and business mogul accumulated the billion-dollar fortune throughout his career and this success enabled him to provide for his family when he passed away, per his last will's instructions.
His wife, children, and siblings will all benefit from the assets he left behind.
As for Jimmy's annual salary, he reportedly makes $70 million.
Few can deny the success of Jimmy Buffett's musical career, yet his financial achievements are impressive as well.
His familiar and appealing lyrics helped to bring in a whopping $570 million.
Instead of simply relying on these successes, however, he furthered his brand by developing the Margaritaville restaurant chain.
Jimmy Buffett's Margaritaville restaurants reflect his business savvy. Taking inspiration from one of his famous songs, these eateries offer delicious meals and an insight into Jimmy's unique style. It's an example of how a talented artist can build something lucrative out of their image and brand.
An iconic figure in the world of business, Jimmy Buffett has left a lasting legacy with his entrepreneurial endeavors.
From its multiple international sites, Margaritaville illustrates his genius approach to business development.
Jimmy Buffett's Musical Journey
In 1977, Jimmy Buffet achieved success when his album "Changes in Latitudes, Changes in Attitudes" was released.
Jimmy then dramatically impacted the music industry. He was nominated for two Grammy awards, and his musical career is outstanding - with more than 20 albums released throughout it.
The "Margaritaville" lifestyle embodied by Jimmy Buffett has attracted legions of fans who adore the singer's music. In 2018, this admiration was further represented on Broadway as "Escape to Margaritaville" premiered.
READ MORE: Jimmy Buffett Cause of Death: 'Margaritaville' Hit-Maker Dies at 76
