Michael Bolton has an estimated net worth of $80 million. The majority of his income comes from his career as a singer and songwriter.
Over the years, he has pursued other careers in acting and directing. He has also appeared in several shows notably, season 11 of Dancing with the Stars.
Despite his wealth, Bolton’s finances took a hit in 1992 when he was sued by R&B band the Isley Brothers, who claimed Bolton stole his song with his release of Love is a Wonderful Thing.
In 1994, a Los Angeles court ruled in favour of the Isley Brothers and Bolton had to pay $5 million. After appealing the verdict, in 2001, the matter was finally settled for good and instead of Bolton having to pay $5 million himself, the brothers received $4.2 million from Sony Music, $932,924 from Bolton and $220,785 from Bolton’s songwriter.