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What is Mariah Carey’s Net Worth?

Mariah Carey, the iconic pop diva, has accumulated substantial wealth through her legendary music career, business ventures, and endorsements. This blog explores the details of her net worth, highlighting her journey to becoming one of the wealthiest artists in the music industry.
What is Mariah Carey's Net Worth
What is Mariah Carey’s Net Worth?
Mariah Carey was born in Huntington, New York, United States, where she spent her early years before launching her career in the entertainment industry. Read on to know more about her financial success.
In this article

Mariah Carey is a popular American businesswoman, singer, composer, record producer, and songwriter with a net worth of $350 million. Despite her skill, her path to fame was not straightforward. When she first started singing, she had little opportunity to advance in the music industry. However, Brenda K. Starr introduced her to many of the “Who’s Who” in the field. 

Often termed the “Queen of Christmas,” Mariah has sold over 200 million copies of her recordings worldwide. She (Mariah) is listed in second place among the best-selling female singers ever, coming just after Madonna. She is the first-ever female to have the most hit songs, charting at number one in the history of American country songs. She has as many as 15 Grammys, American Music Awards and Billboard Music Awards now. In this blog, let’s explore in detail on Mariah Carey’s net worth and career journey.

Category

Mariah Carey belongs to the rich celebrity category (categorized as a singer/performer)

Net Worth

Mariah Carey’s net worth is estimated to be around $350 million, making her one of the wealthiest celebrities in the profession. 

Birth Date

Mariah Carey was born on March 27, 1969. She is currently 55 years old.

Birthplace

Mariah Carey was born in Huntington, New York, United States, where she spent her early years before launching her career in the entertainment industry.

Gender

Mariah Carey is female.

Height

Mariah Carey stands at 5 feet 8 inches tall (1.75 meters). 

Profession

Mariah Carey is a multi-talented artist with a diverse range of skills. She is primarily known as a singer but is also a record producer, songwriter, musician, model, author, composer, actor, film producer, and voice actor.

Nationality

Mariah Carey holds American nationality, as she was born in the United States.

Early Life

On March 27, 1969, Mariah Carey was born in Huntington, New York. She is Irish, Afro-Venezuelan, and African American. Her father’s father changed his last name from Nunez to “Carey” after relocating to New York. Her mother was formerly a vocal coach and opera singer When Mariah was three years old, her parents divorced.

While at Harborfields High School in Greenlawn, New York, Mariah developed her interest in poetry and early music. She has always been interested in the arts, especially music. In 1987, she received her high school diploma. Mariah became friends with Gavin Christopher and Ben Margulies at Harborfields, and she quickly started writing complete songs with music and lyrics. After graduation, Gavin, Ben, and Mariah collaborated while residing in New York City to produce a full-length demo.

Early Career

Eventually, pop vocalist Brenda K. Starr received the demo. Brenda took Mariah to several industry galas and passed the demo around town. Tommy Mottola, the head of Columbia Records, received the sample cassette at one such function. While driving home, he listened to the cassette. Upon listening to the initial two tracks, he was certain Mariah Carey would become a celebrity.

Finding her took two weeks, but Tommy signed Mariah to a record deal immediately and assembled a team to plan her big break once he did. Tommy believed Mariah could be Columbia’s equivalent of Whitney Houston of Arista Records.

Read related blog: What is Mark Cuban’s Net Worth?

Business Ventures

In the years since her 1990 self-titled debut, Carey has sold over 200 million albums globally. Carey has made millions more money because of her branding, though. Even though Mariah Carey’s enormously popular song ‘All I Want for Christmas Is You‘ is now included in the annual Christmas album, she also makes money in other ways. The song “All I Want for Christmas is You” marked a turning point in her career, breaking records and ranking among the most profitable hits globally, with royalties totaling over $60 million. It is said that the song was written in just fifteen minutes.

In addition, Mariah Carey is a real estate tycoon who has homes in Beverly Hills, New York, and she just sold her Atlanta mansion for a price above $4 million. The estimated net worth of Mariah Carey is $350 million.

How Much Mariah Carey Has Donated to Charity?

Mariah Carey is well-known for her efforts to assist underprivileged children and is a recipient of the Congressional Horizon Award for her humanitarian activities. The 38-year-old singing sensation is co-founder of Camp Mariah, an organization that gives inner-city youngsters the chance to embrace the arts and discover employment prospects. She just broke the record for the most number-one hits for a solo artist in the US. After discovering her own sister was HIV positive, Carey founded the camp in collaboration with the Fresh Air Fund. This stand-alone nonprofit organization offers free summer vacations to children from the most impoverished neighborhoods of New York City.

Brand Ambassador

Billboard claims that Carey started promoting products in 2006, starting with Intel Centrino PCs and the Glamorized accessories collection for Claire’s and The Icing. She has partnered with Elizabeth Arden to create her own line of perfumes and is an ambassador for the incredibly expensive (at $290,000 per bottle) Angel Champagne.

Along with launching her own line of cookies, Mariah Carey’s Cookies from Robert Earl, and her own brand of Irish cream liqueur, Black Irish, inspired by her Black, Venezuelan, and Irish background, Carey has also supported Pepsi, Motorola, Gillette Venus, Jenny Craig, McDonald’s, Milk Bar, and HSN.

Financial Lessons You Can Learn From Mariah Carey’s Career & Investments

Carey has also earned millions through pricey brand endorsements. According to reports, the famous singer received $11 million from PepsiCo in November 2019 for appearing in a Christmas commercial. Carey and the jewelry manufacturer Chopard collaborated to introduce two exquisite jewelry collections in 2022.

Carey has numerous skills, one of which is writing. After being published in September 2020, the singer’s autobiography “The Meaning of Mariah Carey” debuted at the top of the New York Times Best Seller list a month later. In addition, Carey is the author of two children’s books, The Christmas Princess and All I Want for Christmas Is You. She also earns 65 million dollars from the track “All I Want for Christmas is You”  every Christmas. 

This is where passive income and utilizing existing funds are critical. There might be circumstances when an individual pays hefty fees and penalties on credit card payments and does not look for options like loan consolidation or short-term small loans from platforms like Beem. Personal financial management is critical, and not missing out on investment is crucial for an individual. 

Conclusion

In December 2021, “All I Want for Christmas Is You” had an unbelievable figure of one billion plays on Spotify. Consistently, it has been the number one player on Billboard’s Hot 100 Ranking. Even though Carey has been listed among the top ten richest artists globally throughout her lucrative music career, tours, and endorsement deals, she has made millions of dollars in a period. Carey’s overall maturity in her financial and investment decisions is even more interesting. 

With platforms like Beem, wise investment and personal financial management decisions are possible. You do not have to miss out on investment opportunities through small credits; you always save money while buying insurance.

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Author

Picture of Nimmy Philip

Nimmy Philip

A content specialist with over 10 years of experience, Nimmy has a knack for creating engaging and compelling content across various mediums. With expertise across journalistic features, emailers, marketing copy and creative writing, Nimmy specializes in lifestyle and entertainment content.

Editor

This page is purely informational. Beem does not provide financial, legal or accounting advice. This article has been prepared for informational purposes only. It is not intended to provide financial, legal or accounting advice and should not be relied on for the same. Please consult your own financial, legal and accounting advisors before engaging in any transactions.

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