Tom Petty collects acoustic and classic guitars, but it is his role as the lead singer for Tom Petty and the Heartbreakers that he is best known for. It is this, more than anything, that made and contributes to his net worth of $75 million. Concerts, royalties from songs like “Refugee,” “Listen to Her Heart,” and “Don’t Do Me Like That” still being played and hosting Buried Treasure on XM Sirius Radio all add to it. Tom Petty had a home in Encino, CA that burned to the ground in 1987. Now he has a $3.75 million home in Malibu. Tom Petty and the Heartbreakers have a star on the Hollywood Walk of Fame and in 2002, were added into the Rock and Roll Hall of Fame. Tom Petty has 1 Grammy and 1 MTV Video Music Award. He was in the 1997 movie The Postman and voiced a recurring role on “King of the Hill.”