Mariah Carey is one of the most legendary voices in the music world. Mariah Carey net worth has skyrocketed over the years, thanks to a combination of chart-topping albums and record-breaking tours.
What was her journey to wealth like? Learn more about the Queen of Pop!
Contents
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Mariah Carey |
| Popular Name | Mariah Carey |
| Net Worth | $350 million |
| Salary | N/A |
| Birth Date | March 27, 1969 |
| Birthplace | Huntington, New York |
| Gender | Female |
| Height | 5 feet 8 inches |
| Parents | Patricia Carey, Alfred Roy Carey |
| Siblings | Alison Carey, Morgan Carey |
| Marital Status | Divorced |
| Wife/Spouse | Nick Cannon (m. 2008-2016), Tommy Mottola (m. 1993-1998) |
| Dating | Derek Jeter (1997-1998), Bryan Tanaka ( 2016-2023), James Packer (2016-2016), Luis Miguel (1998-2001) |
| Children | Moroccan Cannon, Moroccan Scott Cannon |
| Education | Harborfields High School |
| Profession | Singer, Songwriter, Actress |
| Nationality | American |
What is Mariah Carey Net Worth in 2024?
As of 2024, Mariah Carey net worth is estimated at $350 million, making her one of the wealthiest female singers in the world. Here’s how she compares with other major figures:
- Madonna: $850 million
- Nick Cannon (ex-husband): $50 million
- Beyoncé: $600 million
- Celine Dion: $800 million
Her earnings have been fueled by her profitable albums, tours, and music royalties, especially from her Christmas classic All I Want for Christmas Is You, which continues to generate income year after year.
Additionally, you can explore more about your favorite singers and learn interesting facts about their lives and careers right here.
Mariah Carey Early Life
Mariah Carey was born on March 27, 1969, in Huntington, New York, to an African-American father and an Irish-American mother. She was the youngest of three children. Growing up, she faced racial tension and financial instability, especially after her parents divorced when she was just three years old.
Despite these challenges, she found solace in music. By high school, she was already writing songs and working on her vocal skills, inspired by her mother’s operatic background.
After graduating from Harborfields High School in 1987, she moved to New York City to pursue her dreams. There, she worked multiple jobs and recorded demo tapes until she caught the attention of Columbia Records executive Tommy Mottola, which marked the beginning of her successful career.
Mariah Carey Finance Overview
Albums and Music Ventures
Mariah Carey’s career took off with her debut album in 1990, but it was albums like Music Box and Daydream that truly solidified her as a global superstar. Music Box sold over 28 million copies worldwide, while Daydream introduced the iconic hit Fantasy.
Her collaboration with Boyz II Men on One Sweet Day made history, staying at number one on the Billboard Hot 100 for an impressive 16 consecutive weeks. Her holiday album Merry Christmas became a timeless classic, with its lead single All I Want for Christmas Is You earning about $600,000 annually in royalties, contributing significantly to her wealth.
Music Royalties
Her songwriting has been a key part of her financial success. Songs like Hero and Vision of Love continue to bring in royalties, but nothing compares to the earnings from All I Want for Christmas Is You, which has made over $60 million in gross royalties since its release.
Her ability to create timeless hits has ensured a continuous stream of income, long after her initial releases. These royalties, especially from her Christmas classic, provide a steady and significant source of income, further solidifying her place as one of the highest-earning artists in the music industry.
Contracts and Endorsements
Mariah Carey signed a historic contract with Virgin Records in 2001, valued at $100 million for five albums. While the Glitter soundtrack didn’t perform well, she still earned $28 million just to end the contract early.
Later, her contract with Island Records and her $18 million payday for judging American Idol added to her wealth. Her endorsements and sponsorships have also played a significant role in her earnings.
Investments
Beyond her music career, she has made smart investments in real estate. She has owned several luxurious homes, including properties in Beverly Hills and the Bahamas. Recently, she sold her mansion in Georgia for $4.3 million, even though she took a loss of $1.35 million from her initial purchase price.
Despite this, she continues to invest in high-end properties, boosting her net worth. In addition, her purchase of a multi-million-dollar estate in Beverly Hills further solidifies her status as a savvy real estate investor, showing that she knows how to make profitable property moves over time
Acting and Entertainment Ventures
While Mariah Carey is best known for her music, she has also dabbled in acting. She starred in critically acclaimed films like Precious and The Butler. Though acting hasn’t been her main focus, her roles in these films and other TV appearances have added to her wealth.
Her reality series, her World, gave fans an inside look at her life, boosting her brand and popularity. Additionally, her voice acting role in the movie The Lego Batman Movie further expanded her presence in the entertainment industry, contributing to her diverse sources of income.
Starting a Business
Her entrepreneurial spirit has also played a significant role in her financial success. She has launched successful products like fragrances and beauty lines, which have contributed to her wealth.
Additionally, her Las Vegas residency at Caesars Palace from 2015 to 2017 earned her over $30 million, making it one of her most profitable ventures outside of music. She has also invested in luxury brands, further expanding her business empire and ensuring a steady flow of income.
Mariah Carey Personal Life
Mariah Carey’s personal life has often been in the spotlight. She was married to Tommy Mottola from 1993 to 1998, and later married actor Nick Cannon in 2008. Together, they have twins a son and a daughter born in 2011. Their marriage ended in 2016, but they continue to co-parent their children.
She was also engaged to billionaire James Packer in 2016, though they split before tying the knot. Despite the challenges, she has managed to balance her career and personal life, maintaining a strong relationship with her children and focusing on her career milestones.
Her resilience in handling personal and professional matters has made her an enduring figure in the entertainment industry
Follow her on social media to stay updated with all the latest news and exclusive content:
- Instagram: https://www.instagram.com/mariahcarey/
- Facebook: https://www.facebook.com/mariahcarey/
- Twitter: https://x.com/mariahcarey
- Tiktok: https://www.tiktok.com/@mariahcarey
FAQs About Mariah Carey
What Are Mariah Carey’s Most Successful Albums?
Her most successful albums include Music Box and Daydream, both of which have sold millions of copies worldwide.
How Much Does Mariah Carey Earn from All I Want for Christmas Is You?
She earns about $600,000 per year in royalties from All I Want for Christmas Is You.
How Many Grammys Has Mariah Carey Won?
She has won 5 Grammy Awards over her career, solidifying her place as one of the most talented singers in history.
What Was Mariah Carey’s Biggest Contract?
She signed a $100 million contract with Virgin Records in 2001, which was a record-setting deal at the time.
Has Mariah Carey Appeared in Any Major Films?
Yes, she has appeared in films like Precious and The Butler, earning praise for her acting.
Conclusion
Mariah Carey net worth is a result of her hard work and talent. If you’re interested in learning more about her and other celebrities’ finances, make sure to explore more content or leave a comment on Famous Star World.
