Since Bruno Mars announced himself to the world in 2010 when he released his first single, Just the Way You Are, it has been a steady climb to the top for the musician who has quickly risen to become one of the best-selling music artists of all time within a decade. As more people bought his singles and albums, Bruno Mars’ net worth increased.
Today, he is one of the richest pop singers in the world, with just a couple albums to his name. A combination of his music sales, repeatedly sold-out shows, and his business investments have ensured that the Hawaii-born musician’s days of poverty is a distant memory. Take a look at Bruno Mars’ wealth as well as how he made his fortune below.
Bruno Mars’ Net Worth
According to various sources, Bruno Mars has a net worth of $175 million, all of which he amassed in just over a decade as a professional musician after becoming one in 2004 and releasing his first album less than a decade thereafter.
Mars’ net worth is a far cry from a childhood that saw him live in the back of a car, in an abandoned bird zoo, and on rooftops. He had fallen into poverty after his parents who made money through their band, The Love Notes, got divorced, causing him to live with his father with a lack of a steady source of income.
This remained the case for a long time in Bruno Mars’ life until he relocated to Los Angeles from Hawaii to begin his music career. Despite some interests in his talent and music, Bruno was unable to secure a contract that produced steady income, with his inconsistent income coming via his band, Sex Panther, which played cover songs around Los Angeles.
Bruno was about to give up and return to his home state when a call from Brandon Creed, who later became his manager, offered him a chance to buy one of his songs for $20,000. It was the first major money Bruno Mars earned as a musician and it allowed him to remain in Los Angeles in pursuit of a career thereof.
His extended stay in Los Angeles helped to grow his career as a songwriter and as well as his net worth as he wrote songs for prominent musicians like Alexandra Burke, Brandy, Adam Levine, and a few others.
The more he wrote songs which went on to chart on Billboard, the more money he made and eventually, he was signed to Atlantic Records. This saw his release his first project, an EP titled It’s Better If You Don’t Understand which peaked at number 99 on Billboard 200. It became the first commercial achievement of Bruno Mars as a solo artist.
In October 2010, he released his debut album, Doo-Wops & Hooligans, and the rest has been history. The album performed critically and commercially well, reaching number three on Billboard 200. It sold 55,000 copies in its first week and went on to sell over five million copies worldwide, transforming Bruno Mars into an international star and also serving as a significant boost to his net worth.
The musician has since sold over 200 million singles and 26 million albums worldwide to become one of the best-selling artists of all time.
How Much Money Does Bruno Mars Have Now?
We’ve already answered this above, Bruno Mars’ net worth is $175 million. Three years after he released his debut album, his yearly income was estimated at $18.8 million, which increased to $60 million in 2014. He made $39 million between June 2016 and June 2017 and was the highest-paid musician of 2017 with earnings estimated at $100 million, buoyed by the release of his third album, 24K Magic, and the subsequent global tour. Also, between June 2018 and June 2019, he reportedly made $51.5 million in earnings, all of which has contributed to the huge net worth of the musician.
Aside from his music earnings, which include tour revenues that pulled over $237 million in 2018 alone, Mars has made investments in the electronic cigarette company, NJOY. He also has an investment in Chromatik, a digital sheet music company and another investment in the liquor company, Selvarey Rum.
His musical endeavors combined with his business ventures, one can expect Bruno Mars’ net worth to exceed what he already has in the nearest future.
And, if you do wonder what the musician does with his money, he is a big philanthropist who has donated millions of dollars to the Hawai’i Community Foundation, GRAMMY Foundation, and victims of Typhoon Haiyan, Typhoon Yolanda, and the Flint water crisis. He has a mansion in Hollywood Hills that cost him $3.2 million, a private jet, and a collection of luxury cars.