Mariah Carey Net Worth in 2020 and How She Spends Her Money These Days

Music is a therapeutic form of art and those who can connect with millions of people through their songs have earned an extremely large sum of money through the skill. Mariah Carey falls in this category with her net worth built basically through her extraordinary ability to connect with the millions of music fans across the globe.

Since the inception of her career, Mariah Carey has active in the American entertainment industry for over three decades and in that period, she has set several records; starting from her debut year, when her album hit number one on the Billboard 200 to when her first five singles reached number one on the US Billboard Hot 100.

It was a sign of an extremely successful career to come for the American singer and she has gained a lot of wealth through it. Read on to learn more about Mariah Carey’s net worth below.

What The Singer Earns From Her Musi Career

According to a 2020 estimate, Mariah Carey has a net worth of $520 million but Celebrity Net Worth puts her net worth lower at $300 million. Wherever the truth might lie, it does without saying that the Long Island, New York-born singer has a buttload of money and it all began in 1989.

She released her debut album in 1989, a year after she was signed to Columbia Records. Her first album, Mariah Carey, was not straight of the gate commercial success they hoped for but after a Grammy performance that introduced her to the world, the album piqued national and international interest and went on to stay at the top of the Billboard 200 chart for eleven consecutive weeks.

The album eventually became the best-selling album in the United States in 1991, selling over 15 million copies. Thus began the streak of commercial success that gave Mariah Carey humongous net worth.

She followed up her debut album with the sophomore album, Emotions, which sold over eight million copies globally and she has released thirteen more albums since then, selling over 200 million records worldwide over the course of her career. Also, one of her songs All I Want for Christmas is You has earned her $60 million since it was released in 1994. This without any doubt makes her one of the best-selling music stars of all time winning tons of awards including five Grammys.

Whilst being one of the best-selling musicians of all time is certainly going to put a significant amount of money in your bank account, Mariah Carey’s net worth hasn’t come from her album sales alone.

In her long-running career, she has made a large amount of money from her live shows, which include over 12 tour events with Carey headlining. She has also had lucrative residencies at Las Vegas, with four residencies starting from 2009. Her residency earned her $27 million alone in 2015.

Other major earning sources and contributors to Mariah’s net worth include a failed partnership with Virgin Records that fetched her $50 million. She originally signed to produce five albums for the record company but she was unable to, delivering only one and Virgin eventually buying out her contract.

She has also made money through her role as a judge on American Idol, film and TV appearances, which include her reality TV show, Mariah’s World.

Mariah Carey has also made money through her relationships, particularly a failed engagement with Australian billionaire, James Packer. She got a 35-carat diamond engagement ring allegedly worth between $5 to $10 million as a settlement for the breakup in 2017. There were reports that the songstress later disposed of the ring at 2.1 million in a bid to move on without carrying old baggage.

See Also: Beyonce vs Jay Z Net Worth: Who is Richer, How Do They Make Their Money?

Here’s What Takes Much of Her Money

Mariah Carey net worth
Mariah Carey with her ex-husband, Nick Cannon

Her Crib 

When you have Mariah Carey’s net worth, which appears to grow each year, there is a flurry of options when it comes to things you can spend money on and the lifestyle you can live. And as a self-proclaimed diva, Mariah’s expenses have shown time and time again that she is truly a diva and one of the wealthiest entertainers in the world. One of the rare insights into her spending habits came in 2002 when the Grammy-winning singer showed the world her house in an episode of MTV Cribs. Viewers got to see her three-bedroom townhouse that had a shower she had only used once because it had too many knobs, walls that looked like candy, a bathroom with a chandelier, a chaise lounge in the kitchen, and an in-home salon.

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In 2009, while still married to Nick Cannon, the couple bought a 10,000-square-foot Bel Air mansion for under 7 million but in 2016 following rumors of their split, the house was finally sold for 9 million dollars.

Carey has for a long time maintained a lavish triplex penthouse of nearly 13,000 square feet tucked in Tribeca, New York. The pop diva also owned a huge beachfront compound on the highly expensive Windermere Island, Bahamas. The private property could only be accessed with a helicopter or a private boat. However, she sold it some years back for $ 5.5 million.

Recently, the five-time Grammy-winning international superstar prefers to rent different apartments whether on vacation or relocation including a $100,000-per-month mansion built in the Coldwater Canyon area of Beverly Hills. She later took a leap back, moving to a closeby mansion owned by Saudi royal since 2011, which was previously rented by Nicki Minaj. The house last scooped a rate of $ 35, 000 per month and takes someone with prestige to live in.

In 2016, during a trip to Aspen Colorado, she paid 10,000 dollars every night in a mansion worth $22 million. More recently, she ushered in 2020 in an opulent mansion in Cap Cana Dominican where she paid $18,000 per night during her visit to the city.

She Flies On First Class

Not only does Carey live extravagantly but when she travels, she does in style. The singer routinely travels in private jets and when she is not flying privately, she flies first-class. One instance was when she famously booked an entire first-class cabin in 2014. She paid £70,000 for the flight.

She Spends On Her Kids

For someone who spends such amount on herself, it won’t come as a surprise to know that the mother of twins (twins with Nick Cannon, Moroccan, and Monroe which she had on April 30, 2011) also goes all out for her kids, spoiling them with expensive gifts and incredible experience through regular travel.

 

When she is on tour, she stays in luxurious hotels where she shells out $15,000 per night and when she has to be in Los Angeles, she spends between $35,000 and $100,000 to rent a mansion.

She Is A Philanthropist

The songbird supreme, as called by Guinness Book of Records, is known to be generous and is active in charitable causes. She has been involved in countless charitable causes and is the co-founder of a camp named Camp Mariah, which introduces youth to different career opportunities. It is common knowledge that she donated royalties from her songs One Sweet Day and Hero to charities. She was honored in 2006 by Make A Wish Foundation, which helps children with life-threatening ailments fulfill their wishes for her role in bringing smiles to the faces of many children. In addition, the singer has donated some amount of her sales including sales of MTV unplugged to different charities.

Personal Needs

Other eccentricities of Mariah Carey afforded by her net worth include spending $100,000 for flowers in her home and $45,000 on spa treatments for her dogs and other personal expenditures that may never be open for us to know.

Adeola Seun
Adeola Seun
Seun is a CCNA certified graduate of FUTA. He has been writing on various subjects that include finance, economics, celebrity net worth, lifestyle, biographies and politics for over 7 years, Other than writing, he enjoys movies, video games, and sports

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