During in a recent interview with This Is Money, Def Leppard frontman Joe Elliott has shared an interesting truth about the band.
He said that ‘we did not see any real money until 1988 when Hysteria shifted 12 million copies worldwide’.
Interviewer asked ‘Have you ever been paid silly money?’ and Elliott responded:
“No. Once the band became successful, there was a lot of money going through the system. It was never like winning the lottery though. It was fair and reasonable for what we, as a band, put in.
We did not see a great deal of money until the autumn of 1983 when we got a cheque for the Pyromania album and tour. By then, even though we had sold six million records, we had a seven-year debt with the record label to clear.
Of course, when we did get that cheque, it was the biggest I had ever seen. I cannot remember exactly how much it was for but it was more than £20,000 – the equivalent of £65,000 today. But because of our debts, we did not see any real money until 1988 when Hysteria shifted 12 million copies worldwide.”
On their best financial year, he said:
“Possibly 1998, maybe 1992 when we released Adrenalize but actually I expect it will be last year. We did 50 shows in the United States and blasted through Japan, Australia and New Zealand – all sell-outs. I am not going to brag about how much I earned last year, but I am not penniless.”
Click here to entire interview.