Carole King Net Worth 2022 (Forbes) – How Did She Get Rich?

Carole King Net Worth

Carole King has an estimated net worth of $100 million. American singer and songwriter Carole King has written or co-written over 400 songs that have been recorded by more than 1,000 artists. She earns most of her income from album sales, concerts, movies, and music streaming. 

Singer-songwriter Carole King has written or co-written more than 400 songs that have been recorded by more than 1,000 artists. Many of her most popular works – including “Will You Love Me Tomorrow” for The Shirelles, “Take Good Care of My Baby” for Bobby Vee and “You Make Me Feel (Like a Natural Woman)” for Aretha Franklin – were written in collaboration with her first husband, Gerry Goffin.

To calculate the net worth of Carole King, subtract all her liabilities from her total assets. Investments, savings, cash deposits, and any equity she has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of her net worth:

Name: Carole King
Net Worth: $100 Million
Monthly Salary: $200 Thousand
Annual Income: $5 Million
Source of Wealth: Singer, Pianist, Songwriter, Actor, Musician

Early Songwriting Career

Carole King was born Carol Klein on February 9, 1942, in Manhattan, New York, and raised in Brooklyn. Her incredible musical talent was evident from the time she was a toddler. King, who was already an accomplished pianist by the age of ten, began writing songs in her early teens. She chose the stage name “King” for herself at James Madison High School and formed her first quartet, the Co-Sines.

She went to Queens College in New York, where she met Neil Sedaka, Paul Simon, and Gerry Goffin, all of whom would go on to become famous songwriters like herself. She dated Sedaka, who had a hit song called “Oh! Carol!” Her response (“Oh! Neil!”) did not fare as well.

Despite that minor setback, she continued with her career and began a romantic relationship and songwriting collaboration with Goffin. She became pregnant at the age of 17 and the couple married quickly in 1960, continuing to write impressive songs.

The duo so impressed music publisher Don Kirshner that he signed them to his Aldon Music empire, where they quickly established themselves by penning hit singles such as “Will You Love Me Tomorrow” for The Shirelles, “Take Good Care of My Baby” for Bobby Vee, and “Up on the Roof” for the Drifters.

The Goffin/King collaboration flourished throughout the 1960s, and the couple wrote dozens of hit singles, including “You Make Me Feel (Like a Natural Woman)” for Franklin, “Goin’ Back” for Dusty Springfield (and later The Byrds), and “Pleasant Valley Sunday” for the Monkees.

Though she never felt out of place as a woman in the testosterone-heavy world of music, King recognized she was different from her housewife peers: “I was surrounded by the wives of doctors, accountants, and lawyers while living with Gerry in New Jersey suburbia. I was an outlier: a working woman, holding a pen in one hand and a baby in the other.”

As the 1960s progressed, the Goffin/King partnership became increasingly strained. Even as their songwriting matured, their relationship deteriorated due to Goffin’s numerous infidelities.

According to Sheila Weller’s biography, King even assisted in the purchase of a home for one of his mistresses and their daughter. Tomorrow, a small record label founded by King and Goffin, quickly disintegrated, as did their marriage. In her 1967 solo song “The Road to Nowhere,” King famously documented the breakdown of her relationship. The following year, King and Goffin divorced, and she launched her solo career.

She moved to Laurel Canyon in Los Angeles with her two daughters in 1968 to join fellow musicians James Taylor and Joni Mitchell, among others, in a creative songwriting community. She met Toni Stern, a female lyricist, with whom she collaborated on the single “It’s Too Late,” which became one of her biggest hits as a singer. She later recalled, “Of that era, “Toni was a huge help in transitioning from writing with Gerry to writing songs on my own… I didn’t have the courage at first. James was a huge inspiration to me. James Taylor has had a strong influence on my writing.”

Around the same time, King signed to Lou Adler’s Ode label and briefly formed The City with Danny Kortchmar and Charles Larkey; she married Larkey in 1970. Now That Everything’s Been Said was the City’s sole release. Because of King’s stage fright, the group did not tour; as a result, the album was never fully promoted, and The City fell apart. By the end of 1970, King had decided to focus solely on singing her own songs.

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Going Solo as a Singer: ‘Tapestry’

Although her first solo album, Writer, was a flop, her second album, Tapestry, released in 1971, went on to stay at No. 1 on the Billboard charts for a record-breaking 15 weeks; it remained on the charts in some form for a staggering six years. Tapestry held the top spot for the longest time before being surpassed by Michael Jackson’s Thriller in 1982.

Cynthia Weil, a fellow songwriter, stated: “Carole spoke from the heart, and she happened to be tuned in to the collective psyche. People were looking for a message, and she came to them with the message they were looking for.” Some of Tapestry’s biggest hits, such as “It’s Too Late” and “Will You Love Me Tomorrow?” were earlier King compositions reclaimed in her own voice. She also released a few new singles, including “So Far Away,” “I Feel the Earth Move,” and “You’ve Got a Friend” (later a No. 1 hit for her friend James Taylor).

Music (1971), her follow-up album, produced a No. 1 hit in “Sweet Seasons” and went gold, but it failed to match the soaring status and sales of its predecessor. All of King’s subsequent albums, Rhymes and Reasons, Wrap Around Joy, Fantasy, and Thoroughbred, were certified gold. She reunited with ex-husband Goffin on Thoroughbred and collaborated with Taylor, David Crosby, and Graham Nash.

Her marriage to Larkey lasted until 1976, when they divorced. In 1977, she married for the third time, to songwriter Rick Evers. They moved to Idaho and lived in a small mountain town that fostered King’s love of nature and inspired her environmental activism over the next several decades.

Despite the fact that they collaborated on the album Simple Things, which was one of King’s last to be certified gold, the relationship deteriorated as Evers became increasingly abusive. When he died of a drug overdose in 1978, the union came to an end.

Welcome Home and Touch the Sky, King’s next two releases, were not as well received as his previous works. Pearls, which included performances of earlier songs co-written with Goffin, became a commercial success for her in 1980. Later, King primarily wrote singles for film, television, and other artists, effectively ending her singing career for several years.

Recent Work

Her prolific songwriting, but not her active lifestyle, slowed in the 1980s and 1990s. Since 1990, King has worked with the Alliance for the Wild Rockies, advocating for the passage of the Northern Rockies Ecosystem Protection Act (NREPA); she has testified twice before Congress in support of the legislation. She also got involved in electoral politics, later supporting Democratic candidates John Kerry and Hillary Clinton in 2004 and 2008, respectively.

By the late 1990s, King was poised to make a comeback in the music industry. In 1997, she wrote the hit “The Reason” for Celine Dion and later performed it with the Canadian singer at VH1’s Divas Live concert. On her Living Room Tour in 2004, King recorded a well-received live album. In 2007, she bridged generational and genre divides by touring Japan with R&B star Mary J. Blige and Fergie of the Black Eyed Peas.

She reunited with longtime friend Taylor for the Troubadour Reunion Tour in 2010. The resulting Live at the Troubadour album peaked at No. 4 on the Billboard 200, confirming King’s enduring power in the music industry. When a reporter asked what she would tell her younger self if she could, King simply said, “You’re going to have a very rich and wonderful life.”

King is happily single and independent in her mountain home after divorcing her fourth husband, Idaho rancher Rick Sorenson. She says of her surroundings in the wilderness, “Every morning when I wake up, I smile and say, ‘Thank you.’ Because I can see the mountains from my window, I can go hiking with my dog and share her boundless joy in the world.”

In 2013, King became the first woman to be awarded the Gershwin Prize for Popular Song. President Barack Obama bestowed this honor on her during a special ceremony at the White House. Around the time she received this honor, the legendary singer-songwriter told the Associated Press that she intends to keep making music and performing. “I still think it would be wonderful to retire, but that time does not appear to be here,” she said.

Rock & Roll Hall of Fame

King was inducted into the Rock & Roll Hall of Fame in October 2021, along with Jay-Z, the Go-Go’s, Tina Turner, Todd Rundgren and the Foo Fighters.

Further Reading

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How To Become Rich Like Carole King?

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