"Therefore tonight I will be pledging $1 million."
The announcement received a standing ovation and roar of approval from the crowd.
"To see what is happening here breaks my heart … and I love Australia so much … and to those who have lost their homes I want to say God bless, I hope your lives will be repaired soon," he said.
Elton John performs at HBF Park in Perth in November. Photo / AP.
It wasn't the only reference to Australia's current crisis – prior to the show, fans were also greeted by volunteers collecting donations out the front.
Meanwhile, the Rocket Man star's announcement comes as celebrity pledges pour in from all over the world.
On Tuesday, Aussie star Chris Hemsworth revealed he was donating $1 million to bushfire relief funds, while singer Pink, Nicole Kidman and Keith Urban, and Kylie and Dannii Minogue have all previously announced $500,000 donations to the cause.
The Australian bushfires also dominated the conversation during the Golden Globe Awards in Los Angeles on Monday, with many award winners using their time on stage to draw attention to the ongoing crisis.