1. Biography

David Walter Foster was born in Victoria, British Columbia, Canada on November 1, 1949 and is currently wed to his fourth wife, Yolanda Hadid. The couple married on November 11, 2011, with Hadid already having three children entering the marriage. His five biological daughters are Allison, from a previous relationship; Amy, from his marriage to B.J. Cook; and Sara, Erin and Jordan from his marriage to Rebecca Dyer.

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2. Income & Salary

During his career in the music business, he has produced, composed, arranged and written many hit songs. He has been nominated 47 times for a Grammy Award, winning on 16 occasions. Some of his songwriting credits include hits by Chicago, Boz Scaggs, The Tubes and Earth, Wind and Fire, accomplishments which resulted in him being inducted into the Songwriters Hall of Fame in 2010. Meanwhile, he has produced records for artists such as Madonna, Michael Jackson, Mariah Carey and Whitney Houston. In addition, he has helped discover singers such as Michael Buble and Josh Groban. In 2014, he and his wife put their Beverly Hills home up for sale, asking $27.5 million

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3. Estimated Net Worth

Foster continues to make royalties from his songwriting, and is earnings over the past two years is estimated at over $7 million, while sponsorship and endorsement income is considered to be just under $800,000 per year. His overall net worth is estimated to be $30 million, and has steadily grown over the past five years, when it was considered to be half that amount.

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