68 Years American Singer Lionel Richie Has a Huge Net Worth Earning Well From His Career

May 9, 2018
First published on:May 9, 2018
by roshan

The American singer, songwriter, actor, and record producer, Lionel Richie, who has been probably dating the young model Lisa after getting divorced for two times, has added a lot to his total net worth through his career in the musical industry. 

 

With the start of his career in 1968 with his own band, Commoders, he rose to fame rapidly. Within 12 years' of his band formation, he was able to launch his own solo album and write famed songs for Michael Jackson. He looks to have a successful professional life, doesn't he? Well, today, we will talk about the earnings of the successful musician, so without further ado, let's jump right in!

Lionel Richie's Net Worth

The 68 years' old singer cum songwriter, Lionel Richie, has an estimated total net worth of around $200 million. His fortune was reported to be the same $200 million back in  2012, so it's really a confusing thing as he has been able to neither increase or decrease his total reported net worth. 

CAPTION: Lionel Richie SOURCE: Instagram

Most of his earnings are from the sales of his music but, he also earns a great deal of cash from his lyrics and other ads and deals. The singer has in his lifetime sold more than 90 million records worldwide and he has a total of 13 top ten hit singles within 5 years. Lionel is mostly known for his songs such as the All Night Long, Dancing on the Ceiling, Endless Love, and Running with the Night

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YouTube: Lionel Richie's Running with the Night

During 2013, Lionel also appeared in the Tap King commercial. The beer commercial earned him a total of $1.5 million. In the new season of the American Idol, he is cast as a judge of the show alongside, Katy Perry, Luke Bryan, and Ryan Seacrest. He is reportedly earning a total of $7 million through the current season of the American Idol with the most earnings gone to Katy Perry as she has signed for the position for about $25 million. 

According to sources, he and Bryan were first given only $2.5 each but, after the singers both demanded a rise, they were signed off for $7 million each. 

Lionel Richie's Lifestyle and Expenses

As we have already stated that Lionel Richie has a total of $200 million in his bank account, so it should not be a big question as to how he spends his life. Below we will look at his houses and car collections. Also, we will look at his extra spendings and his philanthropy works.

Houses

Lionel has a dreamy house where he dives deep into his imaginary world to write hit songs like My Destiny, and I Call It Love. He has an Italian mansion in the Beverly Hills with a total of 28 rooms built in 1929. The value of his house now is currently at $15 million but, when he bought the house it was around $6 million. 

CAPTION: Lionel Richie's house SOURCE: Curb

His house is said to have a total of four parking garages. His house is made on a whopping 17,000 square feet of land with a huge garden to complement its outdoors.

With a business idea, he has also got his money invested in the housing business as his company Lionel Richie Home deals with a collection of home decor and luxury lifestyle products. If we look at the prices then, there are as much as $26,000 decor pieces. 

CAPTION: Lionel Richie Home Decors SOURCE: Lionel Richie Home

Cars

Apart from his house, Lionel Richie is also an enthusiast for his cars. He bought his then-dream car Datsun 280Z for a price of $10,000 back in the 1970s. As he wasn't that famous during his old days, he walked past the showroom several times a day. So, the dealer took pity on him and sold the car for a discounted price of about $8,000.

CAPTION: Lionel Richie's Car SOURCE: YouTube

Later, when he was idolized, he had a lot of cash to spare. So, he bought his second car, Marcedes 450 SEL. The car is currently at the price of $74,263 in the US Market. He also has another Mercedes of the S550 brand costing around $95 thousand. Apart from that, he also has a set of other cars such as a Range Rover and a Porsche. His Range Rover L322 was bought off at a price of around $87,000. And, his Porsche 930 was priced at more than $100 thousand. But, unfortunately, he was stolen. 

Apart from the above-mentioned cars, he also has another car. It's not just a car, it's a supercar as he owns a Ferrari Scaglietti. Lionel bought the car for around $313,000 after the modifications he had done to the car. 

CAPTION: Lionel Richie's Ferrari SOURCE: Daily Mail

Extra Earnings and Philanthropy

We all know, Lionel Richie was previously married to his wife, Diane Richie but had gone through a divorce back in 2004. During the divorce, the singer had to pay a whopping $20 million to finalize the separation. It was reported that his ex-wife demanded a total of $65 thousand for a month while claiming extra $20,000 a year.

The cash claim was that she needed $15 thousand for a monthly clothing allowance, $50,000 for a manicure and other personal services. Whereas she also claimed $20 thousand for her plastic surgery budget. 

CAPTION: Lionel Richie with his ex-wife SOURCE: I Love Old School Music

Besides all this, Lionel is also known as a philanthropist as he has been working as a breast cancer activist since a very long time. He has helped the Breast Cancer Research Foundation raise over $3.1 million for charity. He also starred as the featured performer at the foundation's Soiree Bouquet at the annual spring gala in 2003. 

Well, all of these details really show how lavish the life of Lionel Richie is, doesn't it? 

Top 10 Facts of Lionel Richie

1. Lionel Richie was born on 20th June 1949 in Tuskegee, Alabama. 
2. He started his musical career in 1968 after joining the musical band, Commodores.
3. Richie has an estimated total net worth of around $7 million.
4. He has his own Honorary Doctorate of Music. 
5. The singer is already a grandparent of his daughter's children. 
6. Lionel almost became a priest but, later decided that he was not a 'priest-material'.
7. He is also a member of the Alpha Phi Alpha Fraternity and Kappa Kappa Psi organizations.
8. Richie is currently a huge phenomenon in the Arab States. 
9. Lionel was a tennis star back in his high school, Joliet Township High School. 
10. His grandmother suffered from breast cancer but overcame it to live up to 103 years. 

 






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