Usher Raymond Net Worth, Salary, Earnings, Assets

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Usher_singer

David Berkowitz

Usher Terry Raymond IV

Net Worth: $150 million

Source of Wealth: music

Born: October 14, 1978 in Dallas, Texas

Children: 3

Usher became rich by being a professional singer. He began his career in 1994 with the release of his self-titled album. As of 2011, he has sold over 65 million records worldwide.

How much money does Usher make?

Salary
2011: $46 million

Up until 2005, his record company LaFace/Arista Records (now known as Sony Music) had paid him $20 million in 12 years. He was given a $10 million advance for his albums My Way (1997) and 8701 (2001).

His OMG Tour from 2010 to 2011 grossed early $75 million dollars in 73 shows.

In a 2005 interview with Forbes, Usher said he spends less than 10% of his total income. He claims to invest in blue-chip stocks and real estate.

Business ventures

In 2005, Usher invested $9 million to to become me part of owner of the Cleveland Cavaliers, an NBA basketball team.

In 2002, Usher founded his record label, US Records. The label is a subsidiary of Clive Davis’s J Records, which is distributed by Sony BMG. In 2005, US Records 2005 soundtrack album for the movie In the Mix.

In 2007, Usher debuted the top-selling men’s and women’s fragrance line, Usher HE and Usher SHE, through a partnership with Elizabeth Arden, with a second line UR For Men and UR For Women in 2008. His most recent collaboration with Elizabeth Arden is a new line of fragrances called VIP.

Usher co-founded Raymond Braun Media Group (RBMG), a record label and media company, with Scooter Braun. Usher discovered of teen sensation Justin Bieber and signed him to RBMG in 2008.

Assets

Houses: He owns a $3 million mansion in Roswell, Georgia

Usher paid $1.2 million for a house in Merriweather Woods, Alpharetta, GA December in 1998. He listed it for sale in 2007.

Cars: He has owns a $500,000 Maybach, a GMC Yukon, a Ferrari F430, and a Ducati motorcycle.

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Posted by Admin   @   3 June 2012 0 comments

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