Mariah Carey is a five-time Grammy award-winning singer with a career spanning nearly three decades.
The New York-born songstress has released 15 studio albums, along with several films and books.
Through all of her endeavors, she has acquired a total net worth of $520 million, according to Money Inc.
Mariah Carey is one of the best-selling singers in the world, and also the wealthiest. The singer has accumulated a reported net worth of $520 million over her nearly 30-year career, according to Money Inc.
And in 2015, she made Forbes list of top-earning women in music having raked in $27 million from her Las Vegas residency.
It’s safe to say Mariah Carey has had an incredibly lucrative and successful music career.
Her debut album was the beginning of a fruitful career
In 1991, Carey released her self-titled debut album. Signed to Columbia Records at the time, the label spent $1 million to promote the project, according to the8percent.
After a brief struggle, the piece shot to the top of the charts, and she won Grammy Awards for Best Female Pop Vocal Performance and Best Newcomer. The album was named the best-selling album of 1991 in the United States, selling over 15 million copies, according to Rolling Stone.
Her second album, “Emotions,” went eight-times Platinum. But Carey’s most iconic, and best-selling, third project “Music Box” sold 10 million units, according to RIAA.
She had a record-breaking contract in 2001
Given her excellent niche for selling albums with Columbia, in 2001 ABC reported that Virgin Records offered Carey a record over $100 million record deal, paying her $23.5 million for each of five CDs she records for Virgin. While it was a remarkable accomplishment, Carey only released one of the five required albums. “Glitter” became her worst-selling release, and Virgin ultimately paid her …read more
Source:: Business Insider