In 1970, the couple hosted the first Worthy Farm event dubbed Pilton Pop Folk & Blues Festival, which would later morph into the Glastonbury Festival. Other Connecticut residents on Forbes 2019 billionaires list include: Amazon CEO Jeff Bezos continues to top the list of billionaires with a net worth of $131 billion, followed by Microsoft founder Bill Gates ($96.5 billion) and Berkshire Hathaway CEO and global investor Warren Buffett ($82.5 billion). Forgot your Among the costs to the business, which is owned by Michael Eavis, on whose family farm in Somerset the event takes place, were a string of payments to companies linked to him and his relatives totalling just over 2.6m. ', Family: Michael Eavis, pictured here with his grandsons George, 3, (second right) and Noah, 1, (left), and his daughter Emily (right), said: 'I am not going to buy a flashy car - I bought a Mini for my wife 14 years ago'. This salary figure comes from Glastonbury Festival's reported 32m turnover. "I could not believe it, and I gave the money to Bruce Kent [from CND]. Hes been married three times and has four children Juliet, Rebecca, and Jane, who he had with his first with Ruth, and Emily, who he had with his second wife, Jean. 'There are only 30 headliners in the world - people who can pull more than 60,000 people,' he added. Glastonbury Festival Events Ltd reported revenues of 44 million over the year to 31 March 2018, a figure made up of ticket sales for the 2017 festival. With headliners like Sir Paul McCartney, Diana Ross, and Kendrick Lamar, the organizers expected a sell-out crowd and the British public proved them right. Glastonbury organiser Michael Eavis reveals he pays himself just 60,000 out of the festival's 32m turnover and gives the rest of his profits away to charity instead He doesn't go on holidays. Michael Eavis is a Libra and was born in The Year of the Pig. How much they purchased the team for: $280 million. I could take that at the time but she found it hard., After Jean passed away in 1999, Michael decided to keep the festival alive. "We have to sell out to break even, because the event costs so much to put on - about 40m. [1][28], In 2009, Eavis was nominated by Time magazine as one of the top 100 most influential people in the world. Michael's father died when he was 19, forcing him to take over the Worthy Farm's 150 acres of land and 60 cows. In 2019, she pushed for the ban of single-use plastics at Glastonbury. STEVE BALLMER Michael Eavis net worth and salary: Michael Eavis is a Entrepreneur who has a net worth of $18 Million. Video, The secret mine that hid the Nazis' stolen treasure, UK chip giant Arm files for blockbuster share sale, Adidas sued by investors over Kanye West deal, Pope urges Hungarians to 'open doors' to migrants, FBI hunt 'armed and dangerous' shooting suspect, US bank makes last ditch bid to find rescuer. The states top billionaire is still Greenwich resident Ray Dalio, the founder of the worlds largest hedge fund, Bridgewater Associates, which manages $160 billion in assets. 2023 Cost of Living Calculator: compare Glastonbury, Connecticut to Worthy Farm hosts Glastonbury (Picture: Matt Cardy/Getty Images) Michael has owned Worthy Farm in Somerset since 1954, when he inherited it from his father following his death. There are issues that we disagree on from time to time not music, its more functional stuff.. How much money is Michael Eavis worth at the age of 87 and whats his real net worth now? [23], In 2009, Eavis starred in a short film to promote Somerset, commissioned by Inward Investment Agency Into Somerset. "Contingency is really important to us. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. Eavis doesnt holiday abroad, preferring to unwind at his holiday cottage in Cornwall. Glastonbury Festival organiser Michael Eavis has revealed he takes a salary of just 60,000 a year, despite the event turning over more than 32million.
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