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Mariah Carey’s Net Worth

Mariah Carey Net Worth

She had 19 songs reaching first place in the Billboard chart, she was named the best pop artist of the millennium, she has dozens of awards and a lot of records. We are talking about Mariah Carey. She is known worldwide for the famous song ‘All I Want For Christmas Is You’, released on November 1, 1994

What is Mariah Carey’s Net Worth?

The American singer, record producer, songwriter, actress, and entrepreneur, Mariah Carey has a net worth of $340 million at the time this article is written. She is one of the 15 best-selling music artists of all time. Also, she is the second best-selling female artist in history, after Madonna. She has sold more than 200 million albums all over the world now.

Key facts

  • Mariah Carey is the second-best-selling female artist in history
  • She earned $60 to $100 million from “All I want for Christmas”
  • She makes $600.000 per year from “All I want for Christmas” royalties
  • She has sold more than 200 million albums all over the world
  • Mariah Carey has more #1 songs than any other female artist
  • She was paid $18 million to appear on one season of American Idol
  • She earned $50 million for producing one album for Virginia Records

Childhood and teenage years

Born in a small town in the state of New York, on March 27, 1969, Mariah Carey was the youngest of the family’s 3 children. Her mother was a former opera singer and singing coach, and her father, an aeronautical engineer. Although they already had 3 children together, things were not going too well between them.

Mariah’s parents divorced when she was only 3 years old. Her older sister, Alison, left with her father, while Mariah and her brother, Morgan, stayed with their mother. In order to be able to raise her children, the woman had to take 3 jobs at once, which meant that the 2 brothers were alone most of the time.

You might also like our articles about the net worth of Jennifer Lopez, Beyonce, or Shakira.

Mariah took refuge in music from a very young age and began to sing what she heard at home, opera. The mother heard her perform Rigoletto, without mistake and realized that her daughter could make a career in the field. She didn’t press her into it but began to prepare her vocally. That is until she began to feel her own daughter as a threat and began to tell her that she would not have a chance in life.

Throughout her school years, however, Mariah Carey excelled at 2 things: music and literature, and from grade school, she started composing poems and lyrics for songs.

Mariah realized that music is her future, so she started working harder and harder to achieve success. She moved to New York, and in order to survive she lived in a small, one-bedroom apartment with 4 other young women and worked in several places, as a beautician, waitress, maid, or in the wardrobe field.

Career beginnings

Mariah Carey did not give up her passion for music and eventually got a job as a vocalist for the singer Brenda K Starr. With her, she arrived at a gala where she met the head of Columbia Records, Tommy Mottola, to whom she offered a cassette with her own recordings.

Listening to the tape on the way home, Mottola realized he had discovered a treasure, so he asked the driver to turn the car around immediately. Carey was already gone, and Mottola spent 2 weeks trying to track her down. When he found her, he put her contract on the table and already knew that she would be the star of his company, like Whitney Houston at Arista and Madonna at Sire Records.

Success

On June 5, 1990, Mariah Carey made her public debut, and the public quickly understood that they had a new star in front of them. Her first album bore her name and brought good luck. It received 2 Grammy Awards and all singles from it reached the top of the Billboard Hot 100. It became the best-selling album of 1991 in the US and sold more than 15 million copies worldwide.

On the second album, the singer had even more to say, so she composed songs on it, but she left her mark in the production area as well. The single “Emotions” quickly reached number one on the same famous Billboard Hot 100, making Mariah Carey the first artist whose first 5 singles reached the top of this chart. The album, on the other hand, did not get the same success as the first one, so the pressure for the next one increased.

“Music Box” became her best-selling album and one of the best-selling albums in history, with over 28 million copies sold. Then followed the best-selling Christmas album in history, with over 15 million copies. The single “All I Want For Christmas Is You” reached number one on the Billboard Hot 100 in 2019, and continues to climb to number one every year during the winter holidays.

Virginia Records deal

In 2001, she signed an unprecedented contract with Virgin Records, worth $100 million for 5 albums, and was preparing to make her acting debut. Mentally, however, she was extremely affected and this began to be visible to everyone, while her actions and messages seemed to be out of control. She was admitted to a clinic for 2 weeks and stayed away from the public eye for a while. When she returned, she admitted that the deal with Virgin Records was not what she needed and signed with another record company, Island Records.

The comeback

And when few seemed to expect a comeback, Mariah Carey released her 10th studio album and topped the charts again with “The Emancipation of Mimi”. In the fall of 2005, the singer set a new record by becoming the first woman to occupy the first 2 places in the Hot 100, with “We Belong Together” and “Shake It Off”. This album brought her 10 Grammy Award nominations, and she was declared the winner of 3 of them.

To date, she has 5 Grammy Awards, 19 World Music Awards, 10 American Music Awards, and 15 Billboard Music Awards, a star on the famous Hollywood Walk of Fame, and was also included in the Songwriters Hall of Fame.

“All I Want for Christmas” earnings

Mariah Carey in ConcertSinger Mariah Carey is famous for the song “All I Want for Christmas Is You”, released in 1994, which brought her substantial income over the years. The song hits number one on the charts every year, and Mariah receives money from royalties and airplay. In 2019, the song was number one on the Billboard 100 most played songs, at which time Mariah Carey released a new music video for the song.

Since 1994, Mariah Carey has collected more than $60 million from the song co-written with Walter Afanasief. Every year, the artist earns about $600.000.

American Idol earnings

In 2012, Mariah Carey earned $18 million as a judge on “American Idol”.

Personal life

Mariah Carey was married to music producer Tommy Mottola from 1993 to 1997 and to Nick Cannon from 2008 to 2014, with whom she has twins, Moroccan and Monroe, born in April 2011.

The star then had a relationship with billionaire James Packer, with whom she was engaged in 2016 and was preparing to marry. The two canceled their wedding plans. As an irony, the press then wrote that Mariah had exasperated the businessman with her exacerbated spending.

According to the Australian magazine Woman’s Daily, the Aussie mogul allowed her to keep the $10 million diamond engagement ring he gave her at a private party in New York in January after 12 months of dating.

In 2018, she started a relationship with dancer Bryan Tanaka, 14 years younger, and although no one gave them a chance, and the breakup rumors were there from the beginning, they are still together.

Real estate

In 2021 Mariah Carey bought a 4.2-acre property with a 16,000-square-foot colonial mansion in the Sandy Springs suburb of Atlanta, Georgia for $5.65 million. Though, she listed this property for sale in 2022 for $6.5 million.

Also, she owns a house in the Bahamas.

Alec Pow
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