In July 2025, just days after Liam Gallagher and Noel Gallagher walked onto a stage together for the first time in 16 years, we asked an obvious question: How much money are these two guys about to make?
Before the reunion, we estimated Noel Gallagher’s net worth at $70 million. At the same time, we estimated Liam Gallagher’s net worth at just $6 million.
We’ll explain the stark differences between their pre-reunion net worths later in this article.
At the time, Oasis had 41 stadium concerts scheduled around the world. Demand was completely insane. Tickets were disappearing instantly. And, perhaps most importantly, Liam and Noel had somehow managed to get through the opening concerts without killing each other, smashing a guitar over the other’s head, or abruptly announcing that Oasis was finished forever.
When we ran the numbers, we projected that “Oasis Live ’25” would generate somewhere between $400 million and $450 million in primary ticket sales. We ultimately used roughly $425 million as our working estimate. Factoring in tour expenses, merchandise and a theoretical future documentary deal, we figured the reunion could ultimately generate as much as $173 million for each brother.
A couple of months later, with 25 concerts in the books, it was becoming clear that this wasn’t merely a successful reunion. It was a monster. By September 2025, the blockbuster reunion had likely already generated around $100 million for each Gallagher brother, with much more still on the table.
Well, the tour is now over. We have actual box-office numbers. We have much better touring comps. We also have a new documentary about the tour’s incredible success.
“Oasis: Don’t Look Back In Anger,” a feature-length documentary chronicling the brothers’ reconciliation and the incredible success of “Oasis Live ’25,” just premiered at the Venice Film Festival. It opens in IMAX and theaters on September 9 before eventually heading to Disney+ internationally and Hulu and Disney+ in the United States. The film includes rehearsals, backstage and onstage footage, plus Liam and Noel’s first joint interview in more than 20 years.
So, with almost all of the cards finally on the table, let’s take another shot at the big question: How much did Liam and Noel Gallagher actually make from the Oasis reunion?
Bottom line spoiler:
About $125 million PER BROTHER.
- Today, we estimate Noel’s net worth at $150 million.
- We estimate Liam’s net worth at $60 million.
Here’s how we get there:
(Photo by Alessandro Levati/Getty Images)
The Tour Actually Grossed Around $443 Million
Let’s start with the number we can now calculate with a fair amount of confidence.
Pollstar’s year-end accounting credited “Oasis Live ’25” with $405.4 million in ticket sales from 36 concerts. Those shows sold 2.23 million tickets at an average price of $181.93. The $405.4 million figure was enough to make Oasis the second-highest-grossing touring act of 2025, behind only Beyoncé.
But there’s an important catch.
That Pollstar number only accounted for 36 of the tour’s 41 concerts. It did not include the five final South American dates: two nights in Buenos Aires, one in Santiago and two in São Paulo.
Those five shows generated another $37.2 million in ticket sales. Buenos Aires produced $18.3 million, Santiago generated $6.6 million, and the two São Paulo concerts added another $12.4 million.
Add everything together:
$405.4 million + $37.2 million = $442.6 million
Call it $443 million in ticket sales.
Allow me one small victory lap here.
Our July 2025 prediction was $400–450 million. We settled on $425 million as a reasonable midpoint.
The final result was around $443 million. Not bad!
In fact, one of our biggest assumptions actually turned out to be conservative. We had modeled the tour using an average ticket price of around $140. Across the 36 shows included in Pollstar’s data, the actual average ticket price was nearly $182.
So How Much Of That $443 Million Did They Actually Keep?
This is one area where I would change the methodology we used before the tour.
In our original estimate, we assumed Oasis could command something resembling an 85/15 artist-promoter split and then modeled expenses from there. That’s a real type of arrangement in the live entertainment business, particularly for superstar acts, but it’s too simplistic to take 85% of the entire box-office gross and call that the band’s money.
There are venue expenses, local labor, production, sound, lighting, security, insurance, transportation, crew, agents, managers and roughly a million other people who somehow manage to get their hands on a piece of a stadium concert before the lead singer buys another parka.
The good news is that we now have excellent comparisons for what megastars actually earn from major tours after those costs.
In 2023, Ed Sheeran grossed $240 million from 41 shows and earned an estimated $110 million before taxes. That’s roughly 46% of the gross. Notably, Sheeran’s relatively stripped-down production allowed him to keep a larger percentage than artists mounting enormous theatrical stadium productions.
In 2024, Coldplay grossed $302 million over the period analyzed by Forbes and earned an estimated $131 million, or about 43%. Bruce Springsteen grossed $250 million and earned $101 million, or roughly 40%. Meanwhile, Taylor Swift generated $1.15 billion during the same analysis period and earned an estimated $400 million after touring and representation costs.
Oasis had something important working in its favor: The production was surprisingly lean.
This wasn’t Beyoncé flying around a stadium on a chrome horse. There weren’t armies of dancers, endless costume changes or enormous moving stages. Live Nation global touring chairman Arthur Fogel, who promoted “Oasis Live ’25,” described the production as relatively minimal by modern stadium-tour standards. The attraction was Liam, Noel, the songs and 80,000 people collectively losing their minds.
That makes the Ed Sheeran comparison particularly useful.
So let’s assume that, after promoters, production, touring expenses, agents, managers and the rest of the machinery are paid, the Oasis camp ultimately retains around 45% of the $443 million box-office gross.
The math: $443 million × 45% = $199 million
Call it an even $200 million.
Assuming Liam and Noel split the main reunion economics equally, that’s roughly:
$100 million each from the actual concerts.
Then There’s The Merch
Long before the final concert, it was obvious Oasis merchandise was going to be a monster business.
There were official Oasis shops. Adidas collaborations. T-shirts. Jackets. Football-style jerseys. Bucket hats. Posters. Vinyl. Scarves. Basically, if you could physically attach an Oasis logo to something, someone was ready to stand in line and buy it.
Before the tour even began, British press reports put the value of an Oasis reunion merchandise arrangement at around £20 million. Dedicated official merchandise stores subsequently opened in cities including Manchester, Cardiff, London, Edinburgh and Dublin.
And the stuff moved.
At MetLife Stadium, Pollstar described enormous merchandise lines wrapping around the venue, with some products selling out before the opening act had even performed.
Back in July, we estimated that Oasis could ultimately clear around $25 million in merchandise profit from the reunion.
After seeing what actually happened, I see no reason to lower that estimate.
So let’s stick with $25 million. Split two ways, that’s $12.5 million per Gallagher.
Don’t Look Back In Anger
There may not have been a more obvious documentary subject in music history.
Two brothers form one of the biggest bands in the world. They become incredibly rich and famous. They also absolutely despise one another. Eventually, they have a backstage fight so nasty that one brother quits minutes before a concert. They spend the next 15 years insulting each other publicly and insisting a reunion will never happen.
Then somehow they reconcile.
A stadium tour is announced. Millions of people scramble for tickets. The brothers walk out in Cardiff together for the first time in 16 years. Grown men cry. The tour becomes one of the biggest musical events of the year.
Of course someone was filming it.
“Oasis: Don’t Look Back In Anger” was created by “Peaky Blinders” creator Steven Knight and directed by Dylan Southern and Will Lovelace. The documentary received unprecedented access to rehearsals, backstage interactions and the shows themselves, and follows not just the tour but the actual thawing of Liam and Noel’s relationship. It premiered at the Venice International Film Festival on September 5 and begins its theatrical run September 9 before eventually streaming through Disney’s platforms.
The financial terms have not been disclosed.
So once again, we need to make an educated guess.
At the extreme high end, Disney reportedly paid $75 million for the streaming rights to “Taylor Swift: The Eras Tour” after that concert film had already grossed more than $260 million theatrically.
The Oasis documentary has an entirely different production and ownership structure, involving Magna Studios and Sony Music Vision, and the Gallaghers aren’t simply selling Disney a finished movie they personally financed and own.
But between the brothers’ participation, music rights, archival material, theatrical release, worldwide streaming rights and the enormous commercial value of documenting the biggest rock reunion in years, I think assigning around $25 million of economic benefit to the Gallagher/Oasis side is reasonable.
That’s another $12.5 million each.
And now our running total reaches a very satisfying number.
Our Estimate: Liam And Noel Made Around $125 Million Each
Here is the updated napkin math:
- Actual estimated tour box office: $443 million
- Estimated Oasis touring earnings after expenses and representation: $200 million
- Estimated merchandise profit: $25 million
- Estimated documentary/film participation: $25 million
- Total estimated Gallagher/Oasis earnings: $250 million
- Liam Gallagher: $125 million
- Noel Gallagher: $125 million
There may also be money we’re not counting.
The Reunion Sent The Oasis Catalog Into Orbit
Following the opening Cardiff weekend, global Oasis streams on Spotify surged nearly 320%. When the reunion was initially announced, Spotify had seen streams explode by 750%.
That means more money from Spotify, Apple Music, YouTube, physical albums, vinyl, radio, licensing and everything else connected to the band’s catalog.
But this is where the Gallagher brothers stop splitting the economics evenly.
Noel wrote essentially all of the classic Oasis songs. And because Noel owns the songwriting and publishing interests behind those songs, he benefits disproportionately whenever the Oasis catalog catches fire again.
That enormous disparity had been years in the making. Noel’s lucrative songwriting and publishing rights combined with Liam’s expensive lifestyle and costly personal problems explain why Noel Gallagher became so much richer than his brother and Oasis bandmate.
At the peak of his career, Liam had once been worth around $50 million. But Liam himself has admitted that accumulating wealth wasn’t exactly his priority when he was on the road. In a 2013 interview, he explained:
“I don’t go on the road to come back with a big pot of money. I go on the road to have a good time, do great gigs, and enjoy being in a band. And that means staying in good hotels and flying business class.”
And then there were the divorces.
During Liam’s divorce from Nicole Appleton, court proceedings revealed that his fortune had fallen to around $15 million. After legal fees and the division of marital assets, his financial position took another enormous hit.
So imagine what this reunion represents for Liam.
You spend decades as the voice of one of the most recognizable bands on Earth. You sing “Wonderwall” and “Champagne Supernova.” Your face and voice are synonymous with Oasis. Yet your songwriter brother ends up worth more than ten times as much as you.
Then, after 16 years apart, you reconcile. You play 41 concerts. And the reunion generates something in the neighborhood of $125 million in pre-tax earnings for you.
And Putting The Money Aside For A Moment…
Think about what this experience must have felt like for Liam and Noel.
During their years apart, both brothers remained famous. Both released music. Both toured. Both could draw respectable crowds. But neither one could be Oasis by himself.
Noel could tour with Noel Gallagher’s High Flying Birds. Liam could release solo records and collaborate with John Squire. They could play theaters and arenas and festival slots.
Then they reunited and suddenly they were Oasis again.
Not 3,000 people. Not 6,000 people. 80,000 people. Night after night.
The band played five concerts in Manchester. Five nights at Wembley. Two nights at the Rose Bowl. Stadium after stadium filled with people who had spent 16 years assuming they would never get another chance to hear Liam sing Noel’s songs while Noel stood a few feet away playing guitar.
And apparently the experience did something to Liam and Noel, too.
The filmmakers behind “Don’t Look Back In Anger” captured a relationship that gradually changed over the course of the reunion. The brothers’ children unexpectedly became friends during the tour, the atmosphere between Liam and Noel softened, and Noel eventually described his famously impossible younger brother as “delightful.”
A year before “Oasis Live ’25,” these were two brothers who had spent most of the previous 16 years publicly acting like they would be perfectly happy never speaking again.
Then they got back together. They toured the world. They played for millions of fans. They generated nearly half a billion dollars at the box office. They may have earned around $125 million each.
