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Elton John World News: Can you spare a dime for Elton John?

Can you spare a dime for Elton John?-- Posted by This email address is being protected from spambots. You need JavaScript enabled to view it.

Thursday 29 January 1998 @ 1:00 - GMT

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.