The late Stephen Gately, best known as a member of “Boyzone,” was a talented musician, songwriter, and actor.
Despite his untimely death, his net worth remains substantial, thanks to his successful career in the music industry.
With numerous hit singles and albums, Gately was a beloved member of the band and a household name.
He had the “Midas touch,” as everything he touched turned to gold.
Even in death, his legacy lives on, and his contribution to the music industry is undeniable.
Who is Stephen Gately?
Stephen Gately was a well-known Irish pop singer, actor, and songwriter who gained fame as a member of the popular boy band, Boyzone.
His untimely death in 2009 shocked the world and left his fans and family grieving.
Over the years, Stephen Gately amassed a considerable amount of wealth through his music career and other business ventures.
In this article, we will explore Stephen Gately’s net worth in 2023, his sources of income, and his financial legacy.
Early Life and Career
Stephen Gately was born on March 17, 1976, in Dublin, Ireland.
Later, He began his music career in the early 1990s when he auditioned for the Irish boy band, Boyzone.
The group was formed by Louis Walsh, a well-known music manager, and went on to become one of the most successful boy bands of the 1990s.
Boyzone released their debut album, Said and Done, in 1995, which became an instant hit and sold millions of copies worldwide.
Thus, Stephen Gately was an integral part of Boyzone and contributed immensely to the band’s success.
However, He co-wrote many of the band’s songs and was known for his distinctive voice and charismatic stage presence.
In addition to his music career, Stephen also ventured into acting and appeared in several movies and TV shows, including the Irish drama, “The Clinic.”
Stephen Gately Major Sources of Income
His primary source of income was his music career.
Boyzone was a highly successful band that sold millions of records worldwide.
In addition, the members of the group were among the highest-paid musicians of their time.
The band’s success led to numerous tours, concerts, and merchandise sales, all of which contributed to Stephen’s net worth.
Similarly, to his music career, Stephen also had several business ventures.
He owned a bar in Dublin called “D2,” which was a popular hangout spot for celebrities and locals alike.
Stephen was also a talented writer and wrote several children’s books, including “The Tree of Seasons” and “The Boy in the Song.”
Stephen Gately’s Net Worth in 2023
It’s difficult to estimate Stephen Gately’s net worth in 2023 as he passed away in 2009.
However, at the time of his death, Stephen’s net worth was estimated to be around $10 million.
This figure includes his earnings from his music career, business ventures, and other sources of income.
Stephen Gately Financial Legacy
Stephen Gately’s untimely death at the age of 33 was a shock to the world, and his fans and family continue to mourn his loss.
However, Stephen left behind a significant financial legacy, which includes his estate, music royalties, and other assets.
In his will, Stephen left his estate to his husband, Andrew Cowles, and his family.
The estate was estimated to be worth around $6.6 million, and it included properties in Spain, the UK, and Ireland.
Stephen’s music royalties continue to generate income for his estate, and his music continues to be popular among his fans worldwide.
Stephen Gately Real Estate and Property
Stephen Gately was known to have invested in several properties during his career, and his real estate holdings were an important part of his net worth.
In 2000, Gately purchased a penthouse apartment in London’s Canary Wharf for £1.3 million.
The apartment was located on the 39th floor of a luxury development and had panoramic views of the city.
He later sold the property in 2007 for £3.25 million, making a profit of over £2 million.
Gately also owned a property in Majorca, Spain, which he purchased with his partner, Andrew Cowles, in 2006.
The property was a villa located in the exclusive area of Andratx, and it had a market value of around €1.6 million at the time of purchase.
The villa was sold after Gately’s passing, and it is unknown if it was sold at a profit.
In addition to his properties, Gately was also involved in property development.
In 2007, he and Cowles launched a property development company called Gately Cowles & Company.
The company focused on developing luxury properties in the UK and Ireland.
However, it was reported to have several high-profile clients, including celebrities and business executives.
Other Business Ventures
Aside from his real estate investments, Stephen Gately was involved in several other business ventures during his career.
In 1999, he launched a clothing line called “GA,” which was sold through the UK department store Debenhams.
The line featured casual wear for men and women and was reportedly successful.
Gately was also involved in several charity ventures during his career.
He was a supporter of several LGBT charities and organizations, including the Terrence Higgins Trust and the Elton John AIDS Foundation.
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Why Stephen Gately was wealthy?
In conclusion, Stephen Gately was wealthy due to his success as a member of the popular boyband Boyzone.
However, as well as his investments in real estate and property development.
He also had a clothing line and was involved in various charity ventures.
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Bottom Line
Stephen Gately was a successful musician, actor, and businessman with a net worth of around $10 million at the time of his passing in 2009.
He built his wealth through his music career, real estate investments, property development, and other business ventures, as well as his involvement in various charity organizations.
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