Sir Tom Jones claimed that ITV fired him as a full-time coach from The Voice UK due to "financial difficulty with insurance," contradicting reports that his departure was just part of a creative refresh. The 86-year-old Welsh musician addressed the decision in an Instagram statement on September 8, stating he did not want to leave the show and had only recently learned of ITV's decision.Jones also said that ITV offered him a drastically reduced role in the upcoming 15th series, which would mean making an appearance but not being involved from the start. He wrote:“To be clear, I did not want to leave The Voice as I love the show and really appreciate the audience. ITV made this decision — obviously a while ago, and I was told just recently. The reason given is because of a financial difficulty with insurance.”Jones continued:“They now say in the press they wanted to ‘refresh’ the show, and with a new coaching line-up there wouldn’t be a chair for me. They are offering a much-reduced role where I would make an appearance but without being actually involved from the start, and I’m not thrilled about that.”He finally concluded:“So the only thing I know right now, is that there’s never a good time to fire an 86-year-old who’s still pretty good at his job.”Tom Jones' net worthTom Jones' net worth is estimated at $300 million by Celebrity Net Worth. The amount is based on a 2020 estimate and represents the enormous amount of wealth he has acquired over his more than six-decade career.Jones rose to international stardom in the 1960s, selling over 100 million records. It's Not Unusual, What's New Pussycat?, Green, Green Grass of Home, and Delilah are among his most well-known songs.His profits have come from a variety of entertainment sources, including album sales, touring, television appearances, Las Vegas residency, and later career revivals.How did he build his fortune?Tom Jones rose to international prominence in the 1960s, when It's Not Unusual became a major success. His fame continued with songs like Delilah and Green, Green Grass of Home, as well as theme songs for What's New Pussycat? and James Bond's Thunderball.His revenues from live performances increased significantly. Jones started performing in Las Vegas in 1967 at the Flamingo Hotel, where he continued to perform annually until 2011.He also rose to prominence on television with his variety show, This Is Tom Jones, which aired from 1969 to 1971. During the show's run, he reportedly made roughly $9 million.Tom Jones pulled off another massive commercial revival in 1999 with Reload. The album, which included duets with Robbie Williams and The Cardigans, went on to become one of his best-selling records.His property dealings have also increased his wealth. Jones and his wife Linda paid $500,000 for Dean Martin's former Beverly Hills property in 1976, then sold it to Nicolas Cage for $6.47 million in 1998. They later paid $2.65 million for a home in Mulholland Estates, which Jones eventually sold along with an adjoining property for a total of $11.28 million.Why was Tom Jones removed from The Voice UK?Tom Jones has been a part of The Voice UK since it premiered on the BBC in 2012; however, he departed after three seasons before returning when the show switched to ITV.Jones recently stated that ITV informed him that his dismissal was due to a "financial difficulty with insurance." He also denied claims that the decision was only part of a creative refresh.Jones also disputed the claim that his exit was part of a creative "refresh," claiming that the new coaching lineup meant there was no longer a seat for him. He stated that ITV had instead offered him a "much-reduced role" in which he would appear but not be involved from the start of the series, an arrangement he admitted he was unhappy with.Tom Jones then appeared to poke fun at the decision, stating that "there's never a good time to fire an 86-year-old who's still pretty good at his job." ITV soon released a statement through THR saying:“We have loved working with Sir Tom Jones over the past nine years on The Voice UK. While he will no longer be a full-time coach on series 15, we continue to talk to Sir Tom and his team about his involvement in the next series.”The forthcoming season will see a revamped panel, with Cheryl reportedly replacing Jones and returning coaches Will.i.am and Kelly Rowland, with Aitch joining. Stacey Solomon and Alesha Dixon are reported to host. It has been reported that the revamped show will be shot in Manchester, starting this Friday and will air in 2027.Stay tuned to Soap Central for more information.