“Money for Nothing” is one of the most iconic songs in rock history, known for its unforgettable guitar riff and biting lyrics. But nothing tops the electrifying version played by Mark Knopfler, Sting, Phil Collins, and Eric Clapton—all on the same stage.
This incredible performance happened at the Music For Montserrat concert in 1997 at the Royal Albert Hall. Organized by legendary Beatles producer George Martin, the event raised money for the Caribbean island of Montserrat, which had been devastated by volcanic eruptions. With rock legends coming together for a good cause, the atmosphere was electric.
Since Dire Straits had been on hiatus since 1995, Knopfler led “Money for Nothing” as a solo artist. He kicked things off with a funky wah-wah improv before launching into the legendary riff that’s echoed in countless guitar stores worldwide. Phil Collins took command on drums, delivering his signature groove and energetic fills, even playfully syncing with the lyrics when Knopfler sang about “banging on the drums.”
Though Collins is famous for his solo singing career, his drumming chops are unmatched, and this performance was a reminder of his incredible skill behind the kit. But even with Knopfler’s guitar wizardry and Collins’ powerhouse drumming, they weren’t the biggest stars of the night. Later in the show, they shared the stage with Paul McCartney, Elton John, Sting, and Eric Clapton for an unforgettable rendition of “Hey Jude.”
Throughout the night, Knopfler played three songs, while Collins, Sting, Elton John, and Clapton each performed their own hits. McCartney wrapped up the show with four songs, including three Beatles classics.
“Money for Nothing” became a Dire Straits anthem after its release in 1985 as the second single from their album Brothers in Arms. Despite coming out later in the band’s career, it became one of their most-performed songs. Today, it remains a fan favorite and is the third most-streamed Dire Straits song on Spotify, behind “Walk of Life” and “Sultans of Swing.”
The song was co-written by Knopfler and Sting, who also contributed the famous line, “I want my MTV.” Fittingly, “Money for Nothing” was originally recorded at George Martin’s studio in Montserrat during the Brothers in Arms sessions in 1984 and 1985. The band attempted to re-record it at the Power Station in New York City, but they couldn’t recapture the magic of Knopfler’s signature guitar tone. In the end, they used the original Montserrat tracks for the final release.
This star-studded version of “Money for Nothing” at Music For Montserrat wasn’t just an unforgettable musical moment—it was also a powerful act of charity, bringing rock legends together to help a community in need.
