INXS Net Worth
What is INXS’s Net Worth in 2023?
As of 2023, the net worth of the iconic Australian rock band INXS is estimated to be around $45 million. The wealth is amassed from a decades-long successful career in the music industry. Starting from the late 1970s, INXS earned significant revenue from their album sales, worldwide tours, merchandise, and licensing fees. Furthermore, their net worth has been supplemented by the income from the posthumous releases and the band’s extensive back catalogue.
The band members also increased their personal wealth through individual ventures. For instance, founding member Andrew Farriss has had success as a solo artist and songwriter, contributing to his financial worth. Additionally, the band members have been involved in various businesses, investments, and real estate, further adding to their individual and collective net worth. However, the total net worth of INXS fluctuates yearly, depending on their income from royalties, licensing, and other business endeavors.
History Of INXS
Formed in 1977 in Sydney, Australia, INXS was originally known as The Farriss Brothers. The band, initially composed of Garry Gary Beers, Andrew Farriss, Jon Farriss, Tim Farriss, Kirk Pengilly, and Michael Hutchence, made their mark on the global music scene in the 1980s and 1990s. INXS is renowned for their fusion of rock, new wave, and dance music. Their name, an acronym for “In Excess”, aptly describes their extravagant musical style and lifestyle, which captivated fans worldwide.
Career of INXS
INXS started their career playing in pubs across Australia. Their breakthrough came in 1980 with their self-titled debut album. But it was their sixth album, “Kick,” released in 1987, that catapulted them to global fame. The album spawned four US top 10 hits, including the chart-topping “Need You Tonight.”
Despite the tragic death of charismatic frontman Michael Hutchence in 1997, INXS continued to make music. In 2005, they returned to the spotlight with the reality TV show “Rock Star: INXS”, searching for a new lead singer. JD Fortune won the contest, and the subsequent album “Switch” saw moderate success.
Throughout their career, INXS has sold over 70 million records worldwide, making them one of Australia’s highest selling music acts. Their music has evolved over the years, blending rock, pop, funk, and dance, while maintaining the distinctive INXS sound that fans love.
INXS’s original lineup consisted of Garry Gary Beers on bass guitar, Andrew Farriss on keyboards/guitar, Jon Farriss on drums, Tim Farriss on lead guitar, Kirk Pengilly on guitar/saxophone, and Michael Hutchence as the lead vocalist. This lineup remained unchanged until Hutchence’s death in 1997.
Following Hutchence’s death, INXS had several lead singers, including Terence Trent D’Arby and Jon Stevens. In 2005, through the reality TV show “Rock Star: INXS”, they selected JD Fortune as their new frontman. However, Fortune’s tenure was fraught with difficulties, leading to his departure in 2011.
The remaining members continued to perform, collaborating with various artists like Ciaran Gribbin. However, in 2012, they announced that they would no longer be touring, although they didn’t officially disband.
INXS’s music was marked by a fusion of rock, new wave, and dance beats. Their unique sound, combined with the charisma of lead singer Michael Hutchence, made them an influential act in the 1980s and 1990s. The band had several international hits, including “Need You Tonight,” “New Sensation,” and “Devil Inside.” They continued to evolve their sound throughout their career, always pushing boundaries and experimenting with new styles and techniques.
In 2012, INXS officially announced they were stopping all performances, effectively putting an end to their active musical journey. However, the band never officially disbanded. Since then, the band’s music continues to be celebrated through tribute performances, documentary specials, and re-releases. The band’s legacy is carried on through their extensive discography, which continues to inspire and influence new generations of musicians and music lovers.
Over their four-decade career, INXS released 12 studio albums, many of which enjoyed considerable commercial success. Their self-titled debut came out in 1980, followed by “Underneath the Colours” in 1981. Their breakout international album was “Kick” (1987), which solidified their status as rock icons.
Post Hutchence’s demise, they released “Switch” (2005) with new lead singer JD Fortune. The band’s final studio album, “Original Sin,” was a tribute to Michael Hutchence and featured guest vocalists covering INXS classics. It was released in 2010.
In addition to studio albums, INXS also released several live albums and compilation albums, contributing to an extensive and diverse discography that spans many different periods and styles in their musical evolution.
Awards and nominations
Throughout their career, INXS garnered numerous awards and nominations that highlighted their significant contribution to the music industry. They won six Australian Recording Industry Association (ARIA) awards, including being inducted into the ARIA Hall of Fame in 2001.
Internationally, INXS won several awards including the 1984 Countdown Australian Music Award for Most Outstanding Achievement and the 1991 Brit Award for Best International Group. Their most recognized song, “Need You Tonight,” won the 1988 MTV Video Music Award for Best Group Video.
Has INXS Ever Invested In Forex?
There is no public record or any confirmed information suggesting that INXS or its individual band members have ever invested in the foreign exchange market, commonly referred to as Forex. It’s essential to remember that Forex trading, while potentially profitable, also comes with a significant level of risk, and is not typically associated with musicians or bands.
That said, the band members have had individual financial pursuits outside of INXS. Some members have been known to invest in real estate, while others have established their own businesses. However, these endeavors are more conventional and in line with what we might expect from successful musicians. For example, Kirk Pengilly reportedly has an extensive collection of guitars, which could be seen as an investment of sorts given the potential increase in value over time.
Overall, while the band members of INXS have pursued various financial endeavors, there is no evidence to suggest that Forex trading is one of them.
Frequently Asked Questions
- Why did INXS stop performing?
In 2012, during a concert in Perth, INXS announced that they were ending their performances. The decision came after years of lineup changes and the challenge of moving forward without their iconic lead singer, Michael Hutchence. However, they did not officially disband, leaving the door open for potential future collaborations.
- Who replaced Michael Hutchence in INXS?
After Michael Hutchence’s death, several artists filled his position temporarily, including Terence Trent D’Arby and Jon Stevens. However, it was JD Fortune who won the 2005 reality show “Rock Star: INXS” and officially became the band’s lead singer until his departure in 2011.
- How did Michael Hutchence die?
Michael Hutchence was found dead in his hotel room in Sydney on November 22, 1997. The coroner’s report concluded that his death was a suicide while depressed and under the influence of drugs and alcohol.
- What was INXS’s most successful song?
“Need You Tonight” is arguably INXS’s most successful song. It was a number one hit on the Billboard Hot 100 chart in the US and achieved significant success in many other countries. The song is still widely recognized and regularly played today.
- Are the original INXS band members still alive?
As of 2023, all the original members of INXS are alive except for Michael Hutchence. They remain involved in music and various personal pursuits. Despite not actively performing as INXS, they occasionally appear in interviews and events related to the band’s legacy.