The Detroit News
How much did you pay for your last car--$10,000, $20,000, $30,000?
Well, the word from Britain is that Elton John--Sir Elton to you, sir -- spends $8,500 a week just to maintain his $3.3 million-fleet of expensive cars. Oh, now Sir Elton just uses one of his four Bentley Azures when he wants to run down to the corner for a spool of thread, but he likes to have the others around as backup.
We're privy to this information because accountants are warning Elton he may have a cash- flow crisis because of his $462,000 weekly budget.
The scoop on Elton, whose Candle In The Wind has raised $49.5 million for the Princess Diana memorial fund, was revealed in a letter from accountants Price Waterhouse to his management company, John Reid Enterprises.
It warns: "Cash flow projections show available headroom running out by substantial sums by April." Example of Sir Elton's spending? Bill for his 50th birthday party: $200,000, including $5,775 for his wig alone.