As one of the most talked-about figures, Michael Hutchence has built a significant fortune. Our team analyzed the latest data to provide a clear picture of their income.

What was Michael Hutchence's Net Worth?

Michael Hutchence was an Australian musician and actor who had a net worth of $1 million at the time of his death.

In 1992, INXS went in a different musical direction with the album "Welcome to Wherever You Are," which features sitars and a 60-piece orchestra. Notably, it was the first album by an Australian musical act to debut at number one in the UK since AC/DC's "Back in Black" in 1980. However, the album performed less well in other countries, and marked the beginning of INXS's commercial decline. Next came "Full Moon, Dirty Hearts," which was released in 1993. After a period of inactivity, INXS returned in 1997 with the album "Elegantly Wasted," the final one to include Hutchence before his death later in the year.

Michael Hutchence was born on January 22, 1960 in Crows Nest, New South Wales, Australia to makeup artist Patricia Glassop and businessman Kelland Hutchence. He has a half-sister named Tina and a younger brother named Rhett. Due to the business interests of Hutchence's father, the family moved to Brisbane and later to Hong Kong. In the latter city, Hutchence went to Glenealy Junior School, Beacon Hill School, and King George V School. After returning to Sydney in 1972, he attended Davidson High School, where he met and befriendedAndrew Farriss. The boys spent much of their time playing music together, with Hutchence eventually joining his friend's band Doctor Dolphin. When Hutchence was 15, his parents separated, and he subsequently lived with his mother and half-sister in California for a short time before returning to Sydney.

In 2005, it was revealed thatMichael's assets were being held by a complex series of trusts with a vague ownership structure. The trusts do not benefit Michael's parents or daughter.

What's shocking is that by most reasonable accounts, Michael should have had a minimum of $20 million worth of real estate, cash and investments. Yet he somehow died almost penniless.

Michael Hutchence's wealth and estate has been a mystery in the decades after his death. Despite earning an estimated $60 million during his career (before taxes), Michael died with just $40,000 in his bank account. His total assets after being liquidated amounted to $700,000 after liabilities were subtracted. All of this remaining money was eaten up by lawyers and other various fees after his death.

Michael was also a member of the short-lived band Max Q, and recorded some work as a solo artist. In late 1997, Hutchence was found dead in his Sydney hotel room from suicide.

Michael Hutchence was best known as the co-founder and lead singer and lyricist of the Australian rock band INXS. INXS' singles include "The One Thing", "Don't Change", "Original Sin", "I Send a Message", "What You Need", "New Sensation", and "Suicide Blonde". INXS was inducted into the ARIA Hall of Fame in 2001. The band won six Australian Recording Industry Association award and has sold nearly 40 million record worldwide to date.

In 1977, Hutchence joined a new band called the Farriss Brothers, consisting of Andrew, Tim, andJon Farriss, Garry Beers, andKirk Pengilly. The group regularly supported the rock band Midnight Oil on the pub rock circuit. In 1979, the Farriss Brothers were renamed INXS. The following year, INXS released its self-titled debut album. Following that were 1981's "Underneath the Colours" and 1982's "Shabooh Shoobah." With its fourth studio album, 1984's "The Swing," INXS achieved its first number-one charting album in Australia. Three more consecutive number-ones followed: 1985's "Listen Like Thieves," 1987's "Kick," and 1990's "X." Particularly successful internationally was "Kick," which peaked at number three in the US and number nine in the UK; it also spawned the hit singles "New Sensation," "Never Tear Us Apart," "Devil Inside," and "Need You Tonight."

In summary, the total wealth of Michael Hutchence reflects strategic moves.

Disclaimer: All net worth figures are estimates based on public data.