David Copperfield Net Worth: Earnings & Investments
History’s most commercially successful magician, David Copperfield, flaunts a bodacious net worth of $1.2 billion as of March 2023.
This illusionist has made the Statue of Liberty disappear, walked through the Great Wall of China, and floated over the Grand Canyon.
The wealthy magician might not be popular with the younger audiences, but he’s definitely famous!
Even if his level of celebrity isn’t quite what it was in his heydays.
And in a career spanning more than four decades, Copperfield has set 11 Guinness World Records and has won 21 Emmy Awards for his television specials.
David Copperfield | Quick Facts
Here are a few details on David Copperfield before we dive deep.
|Full Name||David Seth Kotkin|
|Stage Name||David Copperfield|
|Date of Birth||September 16, 1956|
|Birth Place||Metuchen, New Jersey, United States of America|
|Age||66 Years Old|
|Net Worth||$1.2 Billion|
|Salary||$40 – $60 Million (Yearly Estimate)|
|Source of Wealth||Magic
|First Live Show||The Magic Man in Chicago|
|First TV Show||The Magic of ABC|
|Height||5’9”, 1.82m, 182cm|
|Partners||Claudia Schiffer (1994 – 1999)
Chloe Gosselin (2006 – present)
|Children||Dylan Jacob Kotkin
Audry Anna Kotkin
|Social Media||Twitter, Facebook|
|Awards and Honors||11 Guinness World Records
21 Emmy Awards
Star on the Hollywood Walk of Fame
Chevalier of Arts and Letters
|Merch||Signed Photo, Signed Index Card, Signed Esquire Magazine|
|Last Update||March 2023|
David Copperfield | Net Worth and Income
As one of the world’s most famous illusionists, David Copperfield’s net worth is a staggering $1.2 billion.
It is estimated that he earns anywhere from $40-$60 million per year, depending on the number of shows that he does each year.
David has been performing at the MGM Grand, Las Vegas, since 2003, and pre-COVID, he was performing 15 shows weekly.
Similarly, reports first came in 2006 that Copperfield had grossed more than $4 billion in ticket sales.
Likewise, David was 10th on the list of highest-paid celebrities in 2003 when Forbes reported that he earned $55 million that year.
He then identically earned $57 million in 2004 and 2005.
However, his earnings declined to just $30 million in 2009, but that was just from his entertainment career.
By then, Copperfield had already invested his Benjamin’s in other businesses, which would yield a more diversified income.
Nevertheless, his reported earnings would jump back to $63 million and $64 million in 2015 and 2016, respectively.
Since the COVID pandemic, things have not been the same, and it has somewhat affected David’s annual earnings.
But as things slowly get back to normal, we’re sure that his annual income will also continue to grow.
Similarly, the magician’s other chains of businesses and investments are also healthy contributors to his income and net worth.
David Copperfield | Net Worth in Different Currencies
Here’s a diversified look at David Copperfield’s net worth in different currencies, including the infamous crypto Bitcoin.
|Pound Sterling||£ 921,779,400|
|Australian Dollar||A$ 1,611,804,000|
|Canadian Dollar||C$ 1,508,016,000|
|Indian Rupees||₹ 91,101,000,000|
David Copperfield | Real Estate, Cars, Planes, and Art Collection
David Copperfield’s net worth is a whopping $1.2 billion as of March 2023.
Some reports indicate that David Copperfield boasts a real estate portfolio that alone is worth around $300 million.
And are we shocked to hear that?
Absolutely not. We’re pretty sure that David might just be making tens of thousands of dollars appear out of thin air.
The magician currently resides with his fiancée in this mansion in Las Vegas, Nevada.
It is reported that he lashed out at $17.55 million for the 1.58 acres of property in Sin City.
Similarly, Mr. Copperfield also owns a lavish four-storied penthouse in Manhattan, New York.
It is reported that the condo was purchased in 1997 for $7.4 million.
However, the pièce de résistance in his real estate portfolio has to be the chain of Bahamas Islands he purchased in 2006.
David Copperfield dropped an easy $50 million to purchase a private island called Musha Cay.
And in the next five years, he would go on to spend an additional $40 million remodeling and purchasing ten more neighboring islands.
He aptly named them the Islands of Copperfield Bay.
That’s right, David Copperfield owns 11 islands in the Bahamas!
The details are a bit dodgy on this one.
Mr. Copperfield has hosted tons of cars for his acts of magic but has never laid claim to any of them.
We’re pretty sure that there is a celebrity favorite Land Rover hidden somewhere in his garage however, confirmations are yet to be made.
Although the magician may appear to fly unaided across the stage, he does require business class jets to fly long distances.
Copperfield flies privately in his Bombardier BD-700 Global, which costs around $12 million.
David Copperfield is also the proud owner of one of the largest collections of magic memorabilia in the world.
The collection consists of more than 150,000 valuable items and books from Houdini, Melies, and Houdin.
Experts estimate that these items is worth north of $500 million.
As of March 2023, David Copperfield’s net worth is a staggering $1.2 billion.
David Copperfield | Lifestyle and Vacation
With a net worth of $1.2 billion, it is safe to assume that David Copperfield lives a lavish lifestyle along with his next of kin.
Copperfield was romantically engaged with German supermodel Claudia Schiffer from 1993 to 1999.
And since 2006, he has been dating Chloe Gosselin, a French fashion model who happens to be 28 years younger than Copperfield.
Together the couple has a daughter, Sky, born in 2010.
Similarly, from his previous relationships, David has two children, Dylan Kotkin and Audrey Kotkin.
The magician likes his privacy and keeps most of his personal life under wraps.
Even on his social media handle, he’s all about business and rarely posts about his friends and family.
With a career in the show business spanning four decades, Copperfield has traveled across the world.
So, we can safely assume that there’s no major city that the magician is yet to visit.
But since acquiring the chain of islands in Musha Cay, the Bahamas islands have often been the destination of choice for Copperfield to sit back and relax.
David Copperfield | Charity and Causes
The magician has been linked to a number of different charity works and causes throughout his career.
However, his most notable contribution to the community has to be his rehabilitation program “Project Magic.”
Aptly named, this project is dedicated to helping disabled people regain a certain set of skills by using magic as a form of therapy.
Highly credited by the American Occupational Therapy, this program is in use in 1100 hospitals across 30 countries worldwide.
Likewise, when hurricane Dorian hit the Bahamas in 2019, Copperfield aided the relief efforts by using his own plane to fly in supplies.
David Copperfield | Filmography, Investment, and Books
Copperfield has aired tons of television specials to date, which have earned him 21 Emmy Awards and 38 nominations.
He has collaborated with the legendary Francis Ford Coppola, David Ives, and Eiko Ishoika for his shows.
The Magic of David Copperfield and David Copperfield: 15 Years of Magic are some of the highly reviewed shows.
Mr. Copperfield has also appeared on the big screen, mostly playing a fictionalized version of himself or narrating.
Similarly, Copperfield also co-produced ‘Now You See Me 2,’ which depicts the story of four illusionists.
As of March 2023, David Copperfield’s net worth is a whopping $1.2 billion.
David is one of the more traditional investors.
A large sum of his investments is tied up in real estate and art collections rather than stocks or crypto.
Aforementioned, his real estate portfolio and art collection are alone worth $300 million and $500 million, respectively.
His chain of 11 Bahamas Islands was converted into a luxury resort rebranded as Islands of Copperfield Bay.
And for a small price of $57,000 a night, you too can rent out your own island in this magical getaway paradise.
The tons of amenities provided on the island well justify the price.
Heck! the island even has its own Olympic games dubbed the ‘Musha Olympic Games.’
Complete with torch lighting and official closing ceremonies, guests are invited to compete in probably the second most popular event ever.
Mr. Copperfield is also a celebrated author.
His first work came in 1996 with Ray Bradbury, Dean Koontz, and others for ‘David Copperfield’s Tales of Impossible.’
The second volume ‘David Copperfield’s Beyond Imagination‘ was later published in 1997.
His most recent work, ‘David Copperfield’s History of Magic,‘ takes readers through the legendary figures of illusions.
David Copperfield | Career
David Copperfield mastered the art of illusions at a young age.
At age 19, he headlined the show Magic of David Copperfield at Honolulu’s Pagoda Hotel for several months.
Soon after, in 1977, he hosted “The Magic of ABC” and ABC special.
Similarly, CBS went on to air several Copperfield specials from 1978 to 2001.
All this greatly helped David to gain a global audience.
And since 2003, Mr. Copperfield has been performing at the MGM Grand in Las Vegas while occasionally going on world tours.
David Copperfield’s net worth is an enormous $1.2 billion.
Lesser Known Facts About David Copperfield
- At age 12, David Copperfield was the youngest person ever admitted to the Society of American Magicians.
- In 2006, when Copperfield and his assistants were held at gunpoint, David used sleight of hand to hide his belongings in order to avoid getting robbed.
- During the COVID lockdown, David didn’t lay off any of his MGM Grand staffers and paid their regular wages from his own stash.
Why did David Copperfield change his name?
David Copperfield’s actual name is David Seth Kotkin.
He adopted the stage name of David Copperfield at age 18 simply because he liked the sound of it, and he was deep into Charles Dickens novels.
Who is the most commercially successful magician of all time?
Many reports, including Forbes, indicate David Copperfield to be the most commercially successful magician of all time.