Michael Hutchence Net Worth

Michael Hutchence was an Australian musician and actor known for being the lead singer, lyricist, and a founding member of the rock band INXS. Despite earning an estimated $60 million dollars during his career, Michael reportedly died with just $40,000 in his bank account. His total assets after being liquidated amounted to $700,000 after liabilities were subtracted. All of this remaining money was reportedly eaten up by lawyers and other various fees after his death.

Michael Hutchence was born in Lane Cove, Sydney, New South Wales, Australia in January 1960 and passed away in November 1997 at age 37 from an apparent suicide. INXS formed in 1977 in Sydney and has sold nearly 40 million records worldwide. Their hit singles include “The One Thing”, “Don’t Change”, “Original Sin”, “I Send a Message”, “What You Need”, “New Sensation”, and “Suicide Blonde”.

In the 1990s, Michael dated pop singer Kylie Minogue, and he also had a daughter with UK television presenter Paula Yates. Michael’s assets were being held by a complex series of trusts with a vague ownership structure. The trusts did not benefit Michael’s parents or daughter.

Michael Hutchence’s estate has been a mystery over the last 20 years. By most reasonable accounts, Michael should have had a minimum of $20 million worth of real estate, cash, and investments. Yet he somehow died basically penniless.