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No fan of the progressive metal band Dream Theater will fail to recognize its former drummer, Mike Portnoy. Born Michael Stephen Portnoy, he is an American musician who was a founding member of the band. He announced his departure from Dream Theater in September 2010 after 25 years.
After leaving the band, the 55-year-old has remained active with a variety of bands and projects. Portnoy must enjoy a comfortable life as a successful musician. For this article, we will be learning about Mike Portnoy’s net worth, including his income and earnings.
Mike Portnoy Net Worth And Earnings
The musician performed with his bandmates in Dream Theater for many years. Aside from that, he has also been part of several other bands. Combining all that, he must make notable earnings.
As per Celebrity Net Worth, Mike Portnoy’s net worth amounts to $8 million. So now, let’s break down his various sources of income in his long career in the music industry.
Earnings From Dream Theater
As mentioned above, the 55-year-old was one of the founding members of Dream Theater. He co-founded the band alongside his collegemates, John Petrucci and John Myung, while they attended Berklee College of Music in 1985.
The progressive metal band has released 15 studio albums, 9 live albums, one compilation album, one extended play, and 10 singles. They have sold over two million records and DVDs in the U.S. and over 12 million records and DVDs all over the world. The following table shows the cost prices of the numerous Dream Theater albums.
|Images and Words||$12.49|
|A Change of Seasons||$13.96|
|Falling Into Infinity||$9.49|
Table Source: Amazon
Making $12 to $17 with each sale of their album, Dream Theater must have earned an enormous amount from selling over two million albums. Likewise, as per Social Blade, the band makes about $966 to $15.5K per month and around $11.6K to $185.5K yearly from their YouTube channel.
In addition, while Portnoy was still a member of the band, he must have made considerable earnings from the merchandise. Similarly, from the formation of the band to his retirement, the drummer must have performed in different concerts and tours, which could have helped him earn significantly.
Being a prominent member of Dream Theater, the drummer must have received his fair share from the album, merch, tour, and concert ticket sales. Hence, Mike Portnoy’s net worth of $8 million is not much of a wonder.
Also Read: About John Taylor’s Net Worth
Income From Other Projects
After departing from DT, the drummer went on to found an instrumental progressive metal supergroup called Liquid Tension Experiment and a multinational progressive rock supergroup called Transatlantic. He has also been a part of several other bands such as Adrenaline Mob, Yellow Matter Custard, Flying Colors, the Neal Morse Band, Sons of Apollo, the Winery Dogs, and many others.
The following table shows the prices of the Liquid Tension Experiment’s albums.
|Liquid Tension Experiment||$30.38|
|Liquid Tension Experiment 2||$30.38|
|Liquid Tension Experiment 3||$51.99|
Table Source: Amazon
The supergroup earns from $30.30 to $51.99 with every sale of their album. So, surely, Portnoy must have earned a significant sum as his fair share from the subgroup. Likewise, he must also have made a fortune from being a part of numerous bands.
Hence looking at the income source of the drummer, Mike Portnoy’s fortune of $8 million appears to be considerable.
Lifestyle And Assets
Aside from being a successful musician, Mike enjoys a blissful marital with his wife, Marlene Portnoy. The couple resides in the Lehigh Valley region of Pennsylvania with their children, daughter Melody Portnoy and son Max Portnoy. The family of four must enjoy a comfortable life thanks to Mike Portnoy’s net worth and earnings.
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With the drummer’s fortune likely to increase in the future, we do not doubt that he is able to provide the best for his wife and children. The Portnoy family must be living a comfortable life in their luxurious home. Nonetheless, we wish the musician and his family lead happy and prosperous lives ahead.
Trivia And Facts
- Mike Portnoy was born in 1967 and celebrates his birthday on April 20.
- He claims to have learned the drums by himself.
- His wife and children are also musicians.