Prince Rogers Nelson was born on 7 June 1958, in Minneapolis, Minnesota USA, of African-American descent, more recently from Louisiana. Known simply as Prince, he was a musician, singer, actor, dancer, songwriter, as well as a record producer, probably best remembered for releasing one of the most successful studio albums of all time called “Purple Rain”, which was the soundtrack album to the movie of the same name. Prince passed away on 21 April 2016 in Chanhassen, Minnesota, initially described as from complications of a respiratory nature.
So just how rich was Prince? In 2006 alone Prince earned $87.4 million for his 96 show tour, while in 2008 Prince was rewarded with $5 million for taking part in the Coachella Festival. In regards to his wealth, sources estimate that Prince’s net worth was over $300 million at the time of his passing, the majority of which came from his career in the music industry.
Prince Net Worth $300 Million
Prince had a grounding in music very early in life, as his father – stage name Prince Rogers – was a songwriter and pianist and his mother a jazz singer. Prince is reputed to have written his first song at seven, but his up-bringing was awkward as his parent separated when he was 10, and he spent time with both. He was educated at Central High School in Minneapolis, where he formed a band with his cousin Charles Smith called Grand Central, in which he played guitar and piano while performing at local venues. Prince subsequently performed with and wrote for several bands, often including relatives, during the late ’70s, until signed by Warner Bros in 1978 with a contract to produce three albums – this was a significant boost to Prince’s net worth.
Prince then moved to California, producing virtually single-handedly and releasing his first album “For You” in late 1978 which, together with a couple of singles, entered the Billboard charts. His next, self-titled album reached #4 on the Billboard R ‘n’ B chart, and 22 on the Billboard Hot 200 – clearly Prince had ‘arrived’, and his net worth grew appropriately from this point.
Known for his flamboyant style, Prince enchanted the public, particularly through the 1980s when he performed with his rock band called “The Revolution”. In 1984, the band released their greatest album “Purple Rain”, which reached the top of several lists of best-selling albums around the world, and to this day is considered to be one of the greatest soundtrack albums of all time, for the film of the same name. The album sold more than 20 million copies worldwide and was certified Platinum 13 times, while two of the album’s singles, namely “When Doves Cry” and “Let’s Go Crazy” also topped music charts around the world.
After the band’s break up, the lead singer of “The Revolution” continued with his successful singing career, and soon became one of the best known and respected singers and performers in the industry. Prince’s real solo career started with “Sign o’ the Times”, his critically acclaimed first solo work. The album enjoyed fame with fans worldwide, and was followed by many more works from Prince.
Even before “The Revolution” disbanded, Prince had been working on his solo album “Camille”, which was never really released, however, he soon presented his stage act with another band, this time called “New Power Generation”, and which became his backing band. Together they released “Diamonds and Pearls”, a critically acclaimed album that topped the charts and produced several memorable singles including “Get Off”, “Cream” and “Insatiable”.
Prince also became noted for his stage performances, completing over 30 tours during his whole career – the last in 2014-15 – although somewhat inconsistently and at a variety of venues, sometimes for as few as 40 people, apparently preferring to appear in concert when and where he felt like it, for example at Super Bowl XLI in 2007, meantime working on his music and song production. Subsequently, Prince recorded more than 30 studio albums, plus three live and four compilation albums, and wrote hundreds of songs, many of which enjoyed top 40 spots on various music lists, often in many countries around the world. He is one of a very few artists to sell over 100 million albums worldwide, which obviously contributed enormously to his net worth.
Prince’s singing career was truly a remarkable one, as he remained one of the highest-selling artists, with two of his albums receiving a Grammy Hall of Fame Award. Prince himself was nominated 33 times for Grammy Awards and won seven of them, while he also won an MTV Video Music Award and one Academy Award. His talent as a multi-instrumentalist, and wide range of vocal ability certainly helped perpetuate his career over 40 years, even until his passing at the age of 57.
In his personal life, Prince is rumoured to have dated many well-known singers and musicians, and was married twice, firstly to singer/dancer Mayte Garcia (m. 1996–2000) – their son died soon after birth – and then to Manuela Testolini (m. 2001–2006). He was a vegetarian, and became a Jehovah’s Witness in 2001.
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