Mariah Carey

Mariah Carey’s net worth of $350 million is a matter of curiosity considering the fact her “1 million-a-month” lifestyle has landed her in a $18.6 million debt. She makes most of her money from royalties and has sold more than 200 million albums worldwide. 

She has also made a decent amount of money being a judge on one season of American Idol. Plus, her Las Vegas residency added to her wealth. Let’s know more about the lifestyle of the second-best-selling female artist in the world behind Madonna. 

What Is Mariah Carey’s Net Worth?  

Mariah Carey’s net worth is estimated to be $350 million as of 2024.

Mariah Carey has had more number-one songs than any other female artist. Her song, “All I Want for Christmas Is You,” has been her best seller, and with more than 16 million copies sold worldwide and counting, it’s also one of the most profitable songs of all time. The song streams spike drastically during the holidays on different streaming services like Spotify and Pandora. 

Mariah makes $600,000 every year in royalties from this song only, and she has raked in more than $60 million in royalties from it between 1994 and 2016. After leaving Columbia Records, she joined hands with Virgin Music in 2001 for a whopping $100 million, five-album deal. However, everything didn’t go as planned, and Virgin paid her $28 million to end the contract early, and finally, she was paid $50 million for one album she made for Virgin Music. 

Times changed for Mariah, and she signed a five-album deal with Island Records for $24 million. Also, judging one season of American Idol brought in $18 million for her in 2012. In 2015, she signed a contract for $30 million with Caesars Palace for a two-year Las Vegas residency. As a result, she became the highest-earning woman in the music industry in that year with $27 million in earnings. 

What Is Mariah Carey’s Claim To Fame? 

Mariah’s rise to fame and success has been a consequence of several events. Some of them are mentioned below: 

• Successful Debut Album: Mariah released her self-titled debut album in June 1990. Columbia spent nearly $1 million to promote it, and despite the slow initial sales, the album skyrocketed to becoming certified 9X Platinum in the U.S. alone, and more than 15 million copies were sold globally. She also received the Grammy for the Best New Artist. 
• “Music Box” Success: In 1993, she released her third album named Music Box, and it took her fame to an exponential level. The same album spent 128 weeks on Billboard and sold more than 28 million copies worldwide.
• “Merry Christmas” Success: Well, Mariah's fourth album was released in October 1994 and was an overwhelming success. It sold more than 15 million copies worldwide. The royalties from this song are still a major source of income for the legendary singer. 
• Powerful Comeback: After a few health issues and the Virgin Records fiasco, Mariah came back to the limelight with her new deal with Island Records worth $24 million. In 2005, her album “The Emancipation of Mimi” was a massive hit, selling 10 million copies worldwide. 
• Judging a Reality Show: Mariah was appointed as a judge of the American Idol Season 12. Her co-judges were Nicky Minaj, Keith Urban, and Randy Jackson. She was paid $18 million to be the judge on the show. 

What Businesses Does Mariah Carey Own? 

Well, Mariah Carey also diversified her sources of income, and her most known business ventures are as follows: 

• Butterfly MC Records: It was founded in 2017 in collaboration with Epic Records. Epic Records is a division of Sony Music Entertainment. LA Reid, the CEO of Epic Records, said, "To continue working with Mariah Carey at Epic has been another rewarding chapter of my career. Mariah's incomparable talents as a singer, with her vocal range that is nothing short of legendary, are matched by her brilliance as a songwriter, producer, and performer par excellence.” 
• Mariah Carey Official Online Store: Mariah sells her branded merchandise via this online store. It includes apparel, accessories, and music CDs. 
• Mariah Carey Cookies: In 2020, Mariah Carey and Virtual Dining Concepts collaborated and created a line of cookies with multiple favors, including Heath Bar, Lemon Cooler, Pumpkin, and Gingerbread, to name a few. 
• Mariah Carey Perfumes and Colognes: In 2007, Mariah launched her own fragrance M by Mariah Carey in collaboration with Elizabeth Arden. Most of the time, such celebrity deals range in between $3 million and $10 million. She has since given 14 different perfumes, and many of them have been on the best-seller list. Till 2020, her perfume range has earned her more than $20 million. 
• Publishing Books: Mariah ventured into writing multiple books and publishing them. She also partnered with other authors to publish her books. The genres of these books include memoir to music. Her book The Meaning of Mariah Carey received very positive reviews from readers and critics alike. Many publications even included this book in their best memoirs list for 2020. 

What Brands has Mariah Carey Endorsed? 

Besides endorsing her own business ventures, Mariah’s stardom and success brought in many more endorsement deals in her kitty. Some of them are as follows: 

• Walkers Crisps: Mariah appeared in a commercial for Walkers Crisps, a British potato chip company. The commercial was for the launch of their new Christmas-flavored chips. She was paid $11.8 million to be the face on 50 million packets of Walkers Christmas Crisps.
• Intel Centrino Computers: Yes, the business-savvy singer has endorsed tech-savvy processor commercials as well. She was featured in one of the ads with a focus on Centrino Dual Core Technology, and the same was a part of the Grammy Awards presentation on CBS. On the collaboration, Mariah said, “Intel was my first brand partner. The fact that the company deals in high-level technology, which music is a part of, appealed to me.“
• PepsiCo: Mariah had appeared in Pepsi’s Time of Your Life commercial in 2006. Also, she was a part of PepsiCo’s Christmas campaign in 2019, and she was paid $11 million for the same.
• Angel Champagne: Carey became the official ambassador of Angel Champagne in 2009. She even invested in the brand, and thus a limited edition “Angel Champagne by Mariah Carey” was launched. The champagne was limited to just 24 bottles and was priced at an eye-watering price tag of $290,000.

Of course, the “Obsessed” singer has endorsed many other brands like McDonalds, Nescafe, Hostelworld, Game of War, AT&T, Aeon, and Kose, to name a few.

How Does Mariah Carey Spend Her Millions? 

When you have a net worth of $350 million, there’s hardly anything you need to worry about. However, Mariah Carey’s lavish spending habits have hurt her personal life and finances to a greater extent. She spends close to $45,000 on dog spa treatments, $100,000 per month on exotic flowers, and a whopping $10,000 for every hair and make-up appointment. 

Carey’s ex-husband Nick Cannon also condemned her spending habits in 2022 and said, "It cost her $150,000, $200,000 just to walk out of the house.” Wow, that’s something real serious. She even refinanced her penthouse multiple times and borrowed many millions against its value. 

How Many Houses Does Mariah Carey Own? 

For a high-net-worth individual, buying houses is just another thing. Across the span of her largely successful career, Maria bought, sold, and rented several properties across the United States. Some examples of her pristine properties include: 

• Atlanta, Georgia Mansion: Mariah bought this house in 2021 by paying $5.65 million. It is a 4.2-acre property with a 16,000 square foot mansion in the Sandy Springs neighborhood of Atlanta. She listed the same property on sale in 2022 for $6.5 million. However, it was later sold in 2023 for a loss of $4.3 million. The said property was once owned by Dwyane The Rock Johnson. 
• NYC Penthouse: After her split from Mottola, Mariah bought this penthouse in NYC’s Tribeca area for $5.5 million. She also shared some images on social media of this house. The house has limestone and bronze-plated floors. Plus, there’s also a movie theater that doubles as an aquarium. 
• Bel-Air Mansion: Mariah and her new husband moved to this luxurious LA mansion in 2009. It was bought in 2009 for $6.9 million and features an 11,750-square-foot area. The 12-bedroom house was sold in 2015 after the couple separated for $9 million. 
• Beverly Hills Mansion: In 2018, Mariah rented a 10,000-square-foot property in Beverly Hills for $35,000 per month. It was previously rented by none other than Nicky Minaj and featured eight bedrooms. The same house also once belonged to Frank Sinatra. 

Besides the above-mentioned properties, Carey has owned or rented a few other properties to support her lavish lifestyle. 

How Many Cars Does Mariah Carey Own? 

Mariah Carey owns multiple cars in her collection. However, it’s not all modern and tech-driven, as there are a few classic examples as well. Sadly, she doesn’t have a valid driver’s license as she didn’t pass her driving tests but still owns multiple pristine examples of automotive history. Some of the rare and superlative cars in her collection are: 

• 1956 Porsche 356 A Speedster: Well, the legendary music artist was all smiles in her beautiful red classic Speedster. It is a legendary Porsche convertible car that does not come cheap and suits her legendary owner quite well. The car actually belonged to her late dad, but Mariah restored it completely. 
• Porsche Cayenne: Well, this one gets a custom pink shade that’s very similar to Nicky Minaj’s pink Aventador. Mariah has completely customized this Porsche SUV with pink alloys and an interior in a black-pink theme. Looks dope in our opinion. 
• Rolls-Royce Phantom: The ultimate symbol of luxury on wheels in black was gifted to Carey by her ex-husband Nick Cannon when she was pregnant. The $400,000 car came with expensive custom wheels and license plates that read "MommyMC.” 
• Mercedes-Benz SLK: Bought in 2012 by her ex-husband Nick Cannon was later gifted to Mariah. Although not as outrageous as her pink Porsche, this one still gets “M” embroidered headrests in pink. She was spotted on the passenger seat of the same car in black a few times. 

She also owns some other luxurious and superfast cars from brands like Bentley and Lamborghini. Check out Mariah Carey’s entire collection here. 

What are Mariah Carey’s charitable contributions? 

Maria Carey is not all about splurging her wealth incessantly. She has also contributed a part of it to support her philanthropic endeavors. The following are some examples of the same: 

• Fresh Air Fund Camp: Mariah has been a board member and supporter of this career awareness fund. In 1994, she raised over $700,000 to support the fund via a mind-blowing holiday concert. In the same concert, she even premiered her legendary song, “All I Want For Christmas Is You.” 
• Make-A-Wish Foundation: She has donated funds to the foundation many times. Also, she enabled several children with critical illnesses to attend music award shows in her place. She has also funded more than 20 performing arts and music wishes. 
• Covid-19 Relief: Mariah spearheaded the iHeart Living Room Concert in America to fight the pandemic. Plus, she raised $8 million from a virtual event where she performed her 1995 song, "AAlways Be My Baby." Also, she performed at a virtual telethon hosted by Tina Fey, and the event raised $115 million. 
• Hurricane Katrina Relief: To combat the aftereffects of the devastating hurricane Katrina in 2005, Mariah performed at the Shelter From the Storm concert, and the event raised $30 million. 

Besides the above-mentioned efforts, she has been in support of the LGBTQ+ community, music for underprivileged children, and even campaigned to end world hunger. 

What’s next for Mariah Carey? 

According to sources, Mimi is working on her new alt-rock genre songs and has been recording in her studio. Besides music, the American pop diva is planning to launch her own beauty company. She is in the planning phase and is researching the estates in Beverly Hills for the location of the company.

Also Read:

• Rihanna’s Net Worth in 2024
• Taylor Swift's Net Worth 
• Sabrina Carpenter's Net Worth