David Foster Net Worth: A Glimpse into His Wealth and Legacy!

Canadian musician, songwriter, arranger, record producer, and music executive David Walter Foster OC OBC (born November 1, 1949) led Verve Records from 2012 to 2016.

He has been nominated for 47 Grammys and won 16. His extensive, five-decade-long career in music began in the early ’70s when he was a keyboardist for the pop band Skylark. Since then, he has primarily focused on composing and producing.

David Foster Net Worth

Musician, record producer, composer, performer, songwriter, and arranger David Foster of Canada is worth an estimated $150 million. He has been instrumental in the early careers of such well-known musicians as Michael Buble, Josh Groban, and Celine Dion.

Foster has also been responsible for the production of such superstars as Mariah Carey, Whitney Houston, Celine Dion, Andrea Bocelli, Chicago, and Toni Braxton. He has also worked as a producer for such artists as Madonna, Air Supply, and the late great Michael Jackson.

From a total of 47 nominations, he has won 16 Grammy Awards. Over the course of his career, he has helped musicians sell over 500 million albums. If David hadn’t gotten divorced four times, he’d probably have a considerably larger nett worth right now.

His wife at the moment is the actress and singer Katharine McPhee. David has raised and donated hundreds of millions of dollars to charity, mostly through the David Foster Foundation, which aids children who are in a life-or-death struggle due to a medical condition.

David Foster Television Appearances

Foster’s popularity as a seasoned music producer has led to numerous TV guest spots, usually in music-related series. Both “American Idol” and “Nashville Star” featured him as a guest judge or mentor in April of 2006.

Besides “Asia’s Got Talent,” he has appeared on “Celebrity Duets,” “Star Tomorrow,” “The View,” “The Oprah Winfrey Show,” and “The Real Housewives of Beverly Hills” as a guest judge in 2015, 2017, and 2019. Foster and McPhee performed as “Banana Split” on season six of “The Masked Singer” in 2021, but they were ousted in the Group B Finale after being paired against Jewel.

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David Foster Career

Foster was the band’s keyboardist in the musical group Skylark. Their 1973 single “Wildflower” was a top ten hit thanks to the efforts of record producer Eirik Wangberg. Foster stayed in Los Angeles when the band broke up and collaborated with Jay Graydon to form the band Airplay. He began contributing to other people’s albums as a writer, producer, and arranger in addition to performing his own songs.

For instance, he was a studio player, arranger, and co-writer for Earth, Wind & Fire’s album “I Am” (1979). Foster co-wrote the 1980 Best R&B Song Grammy winner “After the Love Has Gone” alongside Graydon and Bill Champlin. It wasn’t until the 1980s that he stopped producing and writing songs.

Numerous albums by Chicago, as well as “Forever” (1985) and “Heart to Heart” (1982) by Kenny Loggins, and “What About Me?” (1984) and “The Heart of the Matter” (1985) by Kenny Rogers are examples of his work during this time. He penned songs for the movies “The Secret of My Success” (1987) and “Stealing Home” (1988) and scored the score for “St. Elmo’s Fire” (1985).

As an added bonus, he also wrote the song “Winter Games,” which was used as the official anthem of the 1988 Winter Olympics in Calgary. Foster established his own boutique label, 143 Records, in 1995 as a cooperative venture with Warner Brothers. The Corrs, an Irish folk-rock band, were one of the first performers signed by 143 Records.

The label was sold back to Warner in 1997, and Foster took a position as senior vice president at Warner. Foster’s productions in the 1990s included “The Power of the Dream,” written with Kenneth “Babyface” Edmonds for the 1996 Summer Olympics, as well as the Toni Braxton and Celine Dion versions of “Un-Break My Heart” and Brandy’s “Have You Ever?”, both by Diane Warren.

David Foster Personal Life and Philanthropy

Foster is a multi-married grandpa with seven grandchildren and five daughters from five different marriages. His first wife, B.J. Cook, was a musician and author. His second wife, Rebecca Dyer, and he were married from 1982 to 1986. He was married for the third time to actress Linda Thompson from 1991 to 2005.

They collaborated as songwriters on multiple songs, including Whitney Houston’s “I Have Nothing” from the 1992 film The Bodyguard. Thompson’s sons from her relationship with Caitlyn Jenner (then Bruce Jenner) are named Brody and Brandon Jenner, and throughout their time together, he served as their stepfather.

Thompson, Foster, and both Jenner sisters appeared on “The Princess of Malibu” in 2005 for a limited time. Yolanda Hadid, a Dutch model, was Foster’s fourth wife, and they were together from 2011 to 2017. Foster got engaged to singer and actress Katharine McPhee in June of 2018; she is 34 years younger than he. In June of 2019, they tied the knot. In February of 2021, Rennie David, the couple’s son, was born.

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David Foster Real Estate

In 2014, David and his fourth wife, Yolanda, made $5 million off the sale of their Victoria penthouse. After first offering their Malibu mansion for $27.5 million, the couple eventually sold it for $19 million in 2015.

David Foster has put his Wilshire Corridor apartment up for sale for $3.995 million. The sale is set to take place in 2020. David and Katherine bought a mansion in Brentwood, Los Angeles, for $7.1 million in 2021.