Net Worth Ranker
What Is Peter Green’s Net Worth?
At the time of his death on July 25, 2020, Peter Green, the British musician best known as the co-founder, vocalist, and guitarist of Fleetwood Mac, had a net worth of $10 million. This substantial net worth primarily reflects the value of his extensive song catalog and the future royalties it generated.
Peter Green’s Early Career and Fleetwood Mac’s Rise
Born Peter Allen Greenbaum in Bethnal Green, London, in October 1946, Green’s musical journey began when he received a guitar as a birthday gift at the age of 10. This early exposure set him on a path that would eventually lead him to international recognition. In his early 20s, Green’s talent was recognized when he was invited to temporarily replace Eric Clapton in John Mayall & the Bluesbreakers. Clapton’s permanent departure soon after led to Green becoming his official replacement, marking a significant step in his burgeoning career.
During his time with the Bluesbreakers, Green formed a crucial friendship with Mick Fleetwood. John Mayall later recruited John McVie on bass. In 1967, Green orchestrated the formation of Fleetwood Mac with Fleetwood and McVie. Initially named “Peter Green’s Fleetwood Mac,” Green later shortened it to “Fleetwood Mac,” demonstrating his generosity and foresight. According to Mick Fleetwood, Green explained his decision: “Well, you know I thought maybe I’d move on at some point and I wanted [you] and John to have a band.”
Fleetwood Mac signed with Blue Horizon, and their self-titled debut album, “Fleetwood Mac” (also known as “Peter Green’s Fleetwood Mac”), was released in 1968. The album was a tremendous success, reaching #4 on the UK charts. Later in 1968, their second studio album, “Mr. Wonderful,” was released, further cementing their place in the music scene. During this period, Green penned some of the band’s most iconic tracks, including “Black Magic Woman” and “Albatross.” “Black Magic Woman” later achieved international fame thanks to Carlos Santana’s rendition. Green also wrote other hits such as “Oh Well,” “Man of the World,” and “The Green Manalishi,” which was his last single with the group. Peter Green’s contribution to Fleetwood Mac solidified the band’s early success and influenced the direction of blues-rock music.
Peter Green’s Departure, Mental Health Challenges, and Later Career
Peter Green’s time with Fleetwood Mac was transformative, but his journey took a difficult turn. His increasing use of LSD while touring in California with the Grateful Dead raised serious concerns among his bandmates about his well-being. Green expressed worries about having too much money and proposed that the band donate all their earnings to charity. In 1970, Green left Fleetwood Mac, briefly reuniting in 1971. Following his departure, the band underwent a significant lineup change, bringing in Lindsey Buckingham, Christine McVie, and Stevie Nicks, who would later propel Fleetwood Mac to unprecedented success.
After leaving the band, Green’s life took a challenging turn. By 1977, he was admitted to a mental hospital, where he was diagnosed with schizophrenia and underwent electroconvulsive therapy. Despite these challenges, Green continued to contribute to music. He worked on tracks for Fleetwood Mac and Mick Fleetwood. In the late 1990s, he formed the Peter Green Splinter Group, which released nine albums, marking a resurgence in his musical activity. Overall, Green released seven solo albums, collaborating with numerous other artists throughout his career. His determination to continue creating music despite his personal struggles highlights his resilience and passion.
Fleetwood Mac was inducted into the Rock and Roll Hall of Fame in 1998, honoring both past and present members. Peter Green’s legacy extends beyond his time with Fleetwood Mac, with his songs being covered by notable artists such as Santana, Tom Petty, Aerosmith, and Judas Priest. Rolling Stone recognized his influence by listing him as the #38 Greatest Guitarist of All Time, solidifying his place in music history.
Peter Green’s Death and Legacy
Peter Green passed away on July 25, 2020, at the age of 73. His family confirmed his death, releasing a statement expressing their sorrow over the loss of a “loving and generous soul.” While the cause of death was not immediately disclosed, it was reported that he had been in declining health for several years. Following his death, tributes poured in from musicians and fans alike, celebrating his talent, creativity, and profound influence on the music industry. Green’s contributions to music, both with Fleetwood Mac and in his solo work, left an indelible mark, ensuring that his legacy would endure.
Peter Green’s $10 million net worth, primarily derived from his song catalog and future royalties, underscores the lasting value of his musical contributions. Despite the personal challenges he faced, his artistic output and influence on generations of musicians remain significant. His story is a testament to the power of music and the enduring impact of a gifted artist.
