Tipton lives in the village of Romsley, Worcestershire, in the West Midlands near Birmingham, England and has a state-of-the-art recording studio built next to his home. During the 1980s he also bought a property in Spain. He is or was married and has two children—Karina and Rick—born in 1981 and 1986, respectively, both of whom were featured on his solo album Baptizm of Fire. Tipton and former Judas Priest bandmate K.K. Downing are long-time tennis players and also both of them took up golf during an early 1980s American tour with Def Leppard.