Jimmy Buffett is officially a billionaire. Here's how he makes and spends his fortune.

Gabbi ShawApr 15, 2023, 19:59 IST

Jimmy Buffett.Erika Goldring/Getty Images

According to Forbes, Jimmy Buffett is now a billionaire.
Buffett has had a decades-long music career and is the face of a chain of restaurants and hotels.

Jimmy Buffett is one of the best-known musicians of the last five decades. In 2023, Forbes named him a billionaire.

Jimmy Buffett.Getty

He's best known for songs like "Margaritaville," "It's Five O'clock Somewhere," "Knee Deep," and more.

Jimmy Buffett in 2018.Noam Galai/Getty Images for Escape To Margaritaville

Buffett is also a huge concert draw with a devoted fan base called "parrotheads."

Parrotheads at a Jimmy Buffett concert in 2003.MediaNews Group/Boston Herald/Getty Images

But Buffett has also turned his laidback lifestyle into a brand. Most famously, he co-owns the Margaritaville restaurant chain.

A Jimmy Buffet's Margaritaville restaurant and bar.Robert Alexander/Getty Images

The brand branched out into hotels, including the most recent addition, Margaritaville Resort Times Square in New York City.

Margaritaville Resort Times Square.Brittany Chang/Insider

There are also Margaritaville casinos ...

Recording artist Jimmy Buffett gestures to the crowd during the grand opening celebration for the Margaritaville Casino at Flamingo Las Vegas on October 14, 2011.Ethan Miller/Getty Images for Flamingo Las Vegas

... and even Margaritaville retirement communities and RV parks.

A Camp Margaritaville.Margaritaville

Buffett's company also operates Margaritaville locations in airports, which are called Air Margaritaville.

Air Margaritaville in the San Juan airport.Nicole E./Yelp

Margaritaville also has retail stores.

The Margaritaville Cafe and Store in Key West, Florida.Chuck Wagner/Shutterstock

If you like to cruise, don't worry — there's Margaritaville at Sea, too.

The Margaritaville Paradise.The McBride Company

But that's not the only chain Buffett is involved with. He also owns Landshark Bar & Grill, which has locations across the country.

The Landshark Bar and Grill.Brittany Chang/Insider

If the name sounds familiar, it's because Landshark is also a beer. Of course, Buffett is involved with that, too.

A Landshark beer.Louis Abate/Getty Images

Buffett has released 31 albums and has been on 45 tours, including 2023's Second Wind Tour.

Jimmy Buffett performs during 2022 New Orleans Jazz & Heritage Festival in 2022.Erika Goldring/Getty Images

He also has his own record label, Mailboat Records.

Jimmy Buffett performs with The Coral Reefer Band on September 4, 1976.Tom Hill/WireImage/Getty Images

Buffett wrote the music and lyrics for his own musical, "Escape to Margaritaville," which made its Broadway debut in 2018.

Jimmy Buffett arrives at the opening night of the Jimmy Buffett Musical "Escape To Margaritaville" on March 15, 2018.Bruce Glikas/Bruce Glikas/FilmMagic/Getty Images

Buffett is also a New York Times best-selling author. He was the sixth author in the list's history to top the fiction and non-fiction lists.

"Tales From Margaritaville."Harcourt

He's also dabbled in the movie industry. He scored and produced the 2006 children's film "Hoot."

Jimmy Buffett.Raul R. Rubiera/WireImage/Getty Images

One of his more recent business ventures is the cannabis brand Coral Reefer, named after his band.

Musician Jimmy Buffet with Ilo and the Coral Reefer Allstars performs on stage during Bonnaroo 2009 on June 13, 2009 in Manchester, Tennessee.C. Taylor Crothers/FilmMagic/Getty Images

He also invested in the eyeglasses brand Warby Parker.

Warby Parker.Interim Archives/Getty Images

Buffett has also been heavily involved with charity efforts. In 1981, he cofounded the Save the Manatee Club.

Jimmy Buffett at a Florida Audubon Society fundraiser for the Endangered Species Fund on March 20, 1983.Pete Wright/AP

As you can imagine, Buffett is here for a good time. Buffett has homes in Sag Harbor, New York; Palm Beach, Florida; Beverly Hills, California; and the Caribbean island St. Barts.

Jimmy Buffett and his wife, Jane Slagsvol, in 2023.Amy Sussman/Getty Images

As you can imagine, Buffett is here for a good time. Buffett has homes in Sag Harbor, New York; Palm Beach, Florida; Beverly Hills, California; and the Caribbean island St. Barts.

He's had multiple homes in Palm Beach. He sold one in December 2020 for $6.9 million.

Jimmy Buffett in West Palm Beach in 2018.Joe Raedle/Getty Images

The two he's held onto are across the street from each other. He purchased the first in 2002 for $802,000 and the second in 2013 for $1.3 million.

Jimmy Buffet performs in Palm Beach, Florida, in 2011.Lucien Capehart/Getty Images

Buffett also spends part of the summer traveling the East Coast on his motorized sailboat.

A general view atmosphere at Jimmy Buffett & Friends: Live from the Gulf Coast, a concert presented by CMT on the beach on July 11, 2010 in Gulf Shores, Alabama.Rick Diamond/Getty Images for CMT

The "License to Chill" singer is also an avid pilot and owns multiple planes.

Jimmy Buffett and gubernatorial Democratic candidate for Florida Bill McBride walk together on October 23, 2002 in Miami, Florida.Joe Raedle/Getty Images

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Jimmy Buffett is officially a billionaire. Here's how he makes and spends his fortune.

Jimmy Buffett is one of the best-known musicians of the last five decades. In 2023, Forbes named him a billionaire.

He's best known for songs like "Margaritaville," "It's Five O'clock Somewhere," "Knee Deep," and more.

Buffett is also a huge concert draw with a devoted fan base called "parrotheads."

But Buffett has also turned his laidback lifestyle into a brand. Most famously, he co-owns the Margaritaville restaurant chain.

The brand branched out into hotels, including the most recent addition, Margaritaville Resort Times Square in New York City.

There are also Margaritaville casinos ...

... and even Margaritaville retirement communities and RV parks.

Buffett's company also operates Margaritaville locations in airports, which are called Air Margaritaville.

Margaritaville also has retail stores.

If you like to cruise, don't worry — there's Margaritaville at Sea, too.

But that's not the only chain Buffett is involved with. He also owns Landshark Bar & Grill, which has locations across the country.

If the name sounds familiar, it's because Landshark is also a beer. Of course, Buffett is involved with that, too.

Buffett has released 31 albums and has been on 45 tours, including 2023's Second Wind Tour.

He also has his own record label, Mailboat Records.

Buffett wrote the music and lyrics for his own musical, "Escape to Margaritaville," which made its Broadway debut in 2018.

Buffett is also a New York Times best-selling author. He was the sixth author in the list's history to top the fiction and non-fiction lists.

He's also dabbled in the movie industry. He scored and produced the 2006 children's film "Hoot."

One of his more recent business ventures is the cannabis brand Coral Reefer, named after his band.

He also invested in the eyeglasses brand Warby Parker.

Buffett has also been heavily involved with charity efforts. In 1981, he cofounded the Save the Manatee Club.

As you can imagine, Buffett is here for a good time. Buffett has homes in Sag Harbor, New York; Palm Beach, Florida; Beverly Hills, California; and the Caribbean island St. Barts.

He's had multiple homes in Palm Beach. He sold one in December 2020 for $6.9 million.

The two he's held onto are across the street from each other. He purchased the first in 2002 for $802,000 and the second in 2013 for $1.3 million.

Buffett also spends part of the summer traveling the East Coast on his motorized sailboat.

The "License to Chill" singer is also an avid pilot and owns multiple planes.