Mariah Carey Net Worth: How Much Worth Does She Gather in Her Bank Account?

Mariah Carey is an American singer, actress, songwriter, and record producer. Mariah Carey is one of the 15 most famous musicians of all time. She has sold more than 200 million albums around the world.

Mariah Carey has sold more records than any other female artist except Madonna. She has written and produced more #1 songs than any other woman in US chart history. As of this writing, she has won 15 Billboard Music Awards, 10 American Music Awards, and five Grammys.

Mariah Carey Early Years

Mariah Carey was born in Huntington, New York, on March 27, 1970. She is from the United States, Africa, and Ireland. When her dad’s father moved to New York, he changed his last name from Nunez to Carey. Her mother used to sing opera and teach singing. When Mariah was three years old, her parents split up.

Mariah has always been interested in the arts, especially music. She started writing poems and her first songs in high school in Greenlawn, New York. In 1987, she got out of high school. At Harborfields, Mariah made friends with Gavin Christopher and Ben Margulies, with whom she soon started writing full songs with lyrics and music. After they graduated, Mariah, Gavin, and Ben moved to New York City, where they kept working together to make a full-length demo.

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The demo was sent to pop singer Brenda K. Starr in the end. Brenda kept showing the demo to people around town and taking Mariah to other industry galas. The demo tape was given to Tommy Mottola, the head of Columbia Records, at one of these parties.

Mariah Carey Net Worth

On the way home, he played the tape in the car. He was sure Mariah Carey would become famous after hearing her first two songs. It took Tommy two weeks to find her, but as soon as he did, he gave Mariah a record deal and put together a team to plan her big break. Tommy thought that Mariah would be Columbia’s answer to Whitney Houston on Arista Records.

Mariah Carey Success

Mariah’s first album, “Mariah,” came out on June 12, 1990. The album went to number one on the Billboard charts and won her a Grammy for Best New Artist and Best Female Pop Vocal Performance. At first, sales were slow, but the album would sell more than 15 million copies worldwide and be certified 9 times platinum in the US alone. It is said that Columbia spent $1 million to promote the record.

Mariah’s next album, “Emotions,” from 1991, was also a huge hit, but her third album, “Music Box,” from 1993, took her career to new heights. Music Box was on the Billboard chart for 128 weeks and sold an impressive 28 million copies worldwide. It is one of the albums that has sold the most copies.

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Her success did not last only a short time. “Merry Christmas,” her next album, was also a huge hit, selling more than 15 million copies worldwide. In that order, the world would buy 20 million, 10 million, and 8 million copies of her following three albums.

Mariah Carey’s “Christmas Is All I Want” Royalties

Mariah’s Christmas album is probably best known for the song “All I Want for Christmas Is You,” which is now one of the best-selling and most-profitable singles of all time, having sold 16 million copies worldwide and counting.

Mariah Carey Net Worth

The song is in many Christmas movies and is very popular on streaming services like Spotify and Pandora during the holiday season. The song is said to have only taken 15 minutes to write, and Mariah and producer Walter Afanasieff get about $600,000 a year in royalties from it. Gross royalties from the song have reached more than $60 million.

Mariah Carey Contract with Virgin

In April 2001, Mariah left Columbia Records and signed a $100 million, five-album deal with Virgin Music. This was a record at the time. When prices are considered, that’s the same as $150 million. At the time, it was the biggest deal in the history of music.

“Glitter” was Mariah’s first album with Virgin. It came out on August 18, 2001. The album was the soundtrack to a movie with the same name. The film was partly based on Mariah’s life, but it was mostly made up. The album and the movie, which came out on September 21, 2001, just 10 days after the 9/11 attacks, were panned by critics and audiences alike. The film is one of the biggest flops of all time.

Even before the movie came out, Mariah had to go to the hospital because she was so tired. She reportedly broke down both physically and emotionally.

 

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Over time, 3 million copies were sold. It was too bad because Mariah and Virgin had just signed a $100 million contract. Any other artist would have been able to get away with that.

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Virgin wanted to get away from Mariah so severely that they paid her $28 million to get out of the contract early. After everything was said and done, Mariah was born almost $50 million by Virgin to make one album.

Mariah Carey Get Back to Doing Well

Mariah signed a $24 million, five-album deal with Island Records after being dumped by Virgin. Her Island albums did okay, but “The Emancipation of Mimi,” which came out in 2005 and sold 10 million copies worldwide, was her biggest hit.

Mariah Carey Net Worth

Mariah only made one album for Def Jam. In 2015, she signed with Epic Records, which she is still with today.

In 2012, she made $18 million to be on American Idol for one season.

In 2015, she agreed to do a two-year residency at Caesars Palace in Las Vegas for $30 million. This helped her earn $27 million, making her one of the highest-paid women in music for the year.

Mariah Carey’s Personal Life

In 1993 She tied the knot with Tommy Motalla. In 1998, they split up. From 2008 to 2016, she was married to actor Nick Cannon. The twin boys they had in April 2011 are their only children. In 2016, she was engaged to Australian billionaire James Packer for a short time. From 1998 to 2001, she was with singer Luis Miguel.

Mariah Carey’s Net Worth

Mariah Carey is net worth $520 million, despite what many sites, including Wikipedia, say. In fact, during the divorce proceedings in 2015, Mariah’s legal documents showed that she was worth $150 million when she married in 2008.

In 2008, Nick had less than $500,000 to his name. Also, the documents showed that Mariah made a total of $6.3 million in 2014, while Nick made $2.7 million. As part of their final, undisclosed settlement, Nick got the keys to a 2012 Ferrari and had to pay $5,000 monthly to a trust for their twins.

If Mariah were worth $150 million in 2008, she would need to have earned more than $1 billion in the years since then to be worth $520 million today.

Conclusion

Mariah Carey is worth 520 million dollars. She is the second best-selling female artist and one of the 15 best-selling artists ever. She has made much money from record contracts and royalties throughout her career. She has made millions of dollars more from private performances, Las Vegas homes, and appearances in the media.

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