Mariah Carey is a legendary singer, songwriter, and actress who has had an incredibly successful career in the entertainment industry. With numerous awards and accolades to her name, including five Grammy Awards, she has cemented her place as one of the most influential figures in the music industry. As of 2023, Mariah Carey’s net worth is estimated to be around $520 million. In this article, we will take a closer look at how Mariah Carey has amassed her wealth and what she has done with it.

Early Career and Rise to Fame

Mariah Carey began her career in 1988 when she signed a recording contract with Columbia Records. Her debut album, “Mariah Carey,” was released in 1990, and it quickly became a massive success, selling over 15 million copies worldwide. This album also marked the beginning of Mariah Carey’s rise to fame, as she became one of the most sought-after artists in the music industry.

Music Sales and Royalties

Mariah Carey’s music sales have been a significant source of income throughout her career. She has sold over 200 million records worldwide, making her one of the best-selling music artists of all time. She has released 15 studio albums, and many of her singles have topped the charts in various countries. Her most popular songs include “All I Want for Christmas Is You,” “Hero,” and “We Belong Together.”

In addition to music sales, Mariah Carey also earns a considerable amount of money from royalties. She has written or co-written many of her songs, and she also has writing credits on songs for other artists. Her most successful songwriting credits include “Fantasy” by herself, “One Sweet Day” by herself and Boyz II Men, and “I Know What You Want” by Busta Rhymes and Mariah Carey.

Endorsements and Business Ventures

Aside from her music career, Mariah Carey has also been involved in various business ventures. She has been the face of several major brands, including Pepsi, Nike, and Elizabeth Arden. She has also launched her own fragrances, which have been very successful. Her fragrance line, Lollipop Bling, has sold over $150 million in retail sales.

Real Estate Investments

Mariah Carey has also invested in real estate over the years. She owns several properties, including a $10 million mansion in Beverly Hills, California, and a $30 million penthouse in New York City. In 2019, she sold her former mansion in Bel Air, California, for $13 million. She has also rented various properties over the years, including a $100,000-a-month mansion in the Hamptons.

Charitable Work

Mariah Carey has used her wealth to support various charitable causes over the years. She is a supporter of several organizations, including the Fresh Air Fund, the Make-A-Wish Foundation, and the Elton John AIDS Foundation. In 2016, she launched the Mariah Carey Foundation, which supports causes related to education, health, and poverty.

Conclusion

Mariah Carey’s net worth of $520 million in 2023 is a testament to her successful career in the entertainment industry. From music sales and royalties to endorsements and business ventures, she has diversified her sources of income over the years. She has also invested in real estate and used her wealth to support various charitable causes. As she continues to release new music and pursue new ventures, it is clear that Mariah Carey’s fortune will continue to grow in the coming years.