With income from his songs and albums, Lionel Richie has amassed a net worth of $200 million as of 2022. His honeyed tones have festooned the radio frequencies of millions of soul and R&B music stations around the globe.
His famous songs, ‘Hello’, ‘Truly’, ‘Three Times A Lady’ and ‘Say You, Say Me’ have been conferred with the ‘evergreen’ status and have promoted him to celebrity status. He initially forged a successful career with the ‘Commodores’ and then went on to have a successful solo career.
A Grammy Award recipient, Richie is considered one of the most successful singer-songwriters of the 20th century, with most of his songs peaking on important music charts. After a long and successful spell with the ‘Commodores’, he began writing and producing country hits and ended up becoming one of the most popular artists of his time.
This singer-songwriter, record producer, and actor has sold nearly 100 million records worldwide and is single-handedly known for his solo-career success, not banking on the earlier success he had with the ‘Commodores’.
In his music career, he has collaborated with a number of musicians and singers including Diana Ross, Enrique Iglesias, Rascal Flatts, and Kenny Chesney. Apart from his career in the music industry, he has also appeared in films such as ‘Pariah’ and the documentary series, ‘Who Do You Think You Are?’.
Today we’re going to discuss how much money Lionel Richie has and how he builds his net worth.
At the end of this article, we will also tell you how to get rich like Lionel Richie. So be sure to read to the end.
Lionel Richie Net Worth 2022
Lionel Richie has an estimated net worth of $200 million in 2022. He is an award-winning American singer-songwriter known for creating numerous hits, both with the Commodores and as a solo artist. Based on all his sources of income, including album sales and royalties generated by the licensing of his copyrighted songs and recordings, Lionel Richie earns more than $10 million a year.
Lionel Richie was a founding member of the Commodores, a top R&B act in the 1970s, before breaking out on his own with the No. 1 single “Truly” from his self-titled debut album. More chart-topping singles followed, including “Hello” and “Dancing on the Ceiling.”
‘Commodores,’ his self-titled album released in 1977 with his group, spent a total of eight weeks on popular music charts and is also listed as one of the band’s Top 5 albums. The album includes the popular sex anthem ‘Brick House,’ which peaked at no. 5 on the US R&B chart and helped launch the band into the R&B spotlight.
His solo venture, ‘Dancing on the Ceiling,’ released in 1986, is regarded as one of his most successful solo ventures to date. It peaked at number one on the Billboard Hot 200 and sold nearly 4 million copies.
In addition to music, Lionel Richie also earns a lot of money from TV shows. He was named a judge on the 2018 reboot of American Idol. During his first season as a judge on “American Idol” in 2019, Lionel Richie reportedly earned $10 million.
In 2013, the IRS issued a tax lien against him for unpaid taxes, which Lionel Richie promised would be “processed immediately.” In other words, his net worth could be overestimated if his unpaid taxes are not taken into account.
To calculate the net worth of Lionel Richie, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as student loans and credit card debt, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$200 Million|
|Annual Income:||$10 Million|
|Source of Wealth:||Record producer, Actor, Musician, Singer-songwriter, Multi-instrumentalist|
Lionel Richie Net Worth Last 5 Years
|Net Worth 2022:||$200 Million|
|Net Worth 2021:||$180 Million|
|Net Worth 2020:||$170 Million|
|Net Worth 2019:||$160 Million|
|Net Worth 2018:||$150 Million|
How Much Money Did Lionel Richie Make From His Music Career?
Lionel Richie has earned more than $150 million from his songs, albums, and tours since the beginning of his career. He joined the ‘Commodores’ in 1968 as a singer and saxophonist. The following year, he signed a record contract with Atlantic Records for one record before moving on to Motown Records.
The band ‘Commodores’ released their debut studio album, ‘Machine Gun,’ in 1974, which was a funk album. Three years later, they released their self-titled album, ‘Commodores,’ which became extremely popular and is still regarded as one of their top five albums to this day.
In 1981, he and Diana Ross performed the theme song for the film ‘Endless Love.’ The song went on to become a worldwide smash hit in the United Kingdom, Brazil, Australia, New Zealand, and Japan. It is also regarded as one of Motown Records’ most successful singles.
His solo career began in 1982 with a self-titled album. One of the album’s singles, ‘Truly,’ debuted at number one on the US music charts. In 1983, he released his next solo effort, ‘Can’t Slow Down,’ on the Motown Records label. The album sold twice as many copies as his first and went on to win two Grammy Awards.
Lionel Richie was seen performing ‘All Night Long,’ one of his greatest singles, at the closing ceremony of the Olympics Games in Los Angeles the following year.
‘Stuck on You,’ ‘Running with the Night,’ ‘Penny Lover,’ and ‘Hello’ were among his hit singles from 1982 to 1984. The following year, he wrote and performed “Say You, Say Me” for the film “White Nights,” for which he won an Academy Award.
He collaborated with superstar Michael Jackson on the charity single hit “We Are the World” in 1985. The following year, he released ‘Dancing on the Ceiling,’ one of his most successful albums to date, which produced a number of hits including ‘Ballerina Girl,’ ‘Se La,’ and ‘Dancing on the Ceiling.’
He took a few years off before returning in 1992 with his greatest-hits collection, ‘Back to Front.’ Four years later, he released his fourth studio album, ‘Louder Than Words,’ which received mixed reviews.
‘Time,’ his fifth studio album, released in 1998, also failed to chart and sold poorly in comparison to his previous efforts.
Richie’s song ‘Running with the Night’ was featured in the video game ‘Grand Theft Auto: Vice City’ from 2002 to 2005. During this time, he was also seen in the British series ‘Top Gear’ and on an episode of ‘CMT Crossroads.’
He appeared at the New Orleans Jazz & Heritage Festival in 2006 and released his studio album, ‘Coming Home.’ The album went on to become one of the decade’s biggest hits. He hosted and performed in the series ‘An Audience with Lionel Richie’ the same year.
From 2007 to 2009, he appeared on ‘Australian Idol,’ performed at Times Square for the New Year’s Eve celebration, and released the album ‘Just Go.’ He was seen performing at Michael Jackson’s memorial service in 2009.
He performed at the National Memorial Day Concert in Washington DC in 2010, as well as the AFL Grand Final Replay. Two years later, he released ‘Tuskegee,’ his tenth studio album, which included hit singles by other recording artists.
On NBC’s ‘The Today Show’ in 2013, he announced the launch of his ‘All the Nights All Night Long’ tour.
Lionel Richie’s Best-Selling Songs and Albums
Lionel Richie released his self-titled solo album in 1982, having already proven his songwriting abilities with the Commodores and by penning the hit ballads “Lady” (for Kenny Rogers) and “Endless Love” (sung with Diana Ross). He hit the jackpot with the lead single, “Truly,” which reached No. 1 late in the year, and “You Are” and “My Love” also charted in the top five.
‘Can’t Slow Down’
Richie’s next album, Can’t Slow Down, was released in 1983 and featured the energetic pop hit “All Night Long” as well as the dreamy ballad “Hello,” which featured one of the enduring music videos of the time. It has sold over 20 million copies, and is Richie’s best-selling album of all time.
Richie’s success with this project, which earned him a Grammy for Album of the Year, helped solidify his place as one of music’s biggest stars. He sang “All Night Long” at the closing ceremony of the 1984 Summer Olympics in Los Angeles, California.
‘Dancing on the Ceiling’
Dancing on the Ceiling (1986), Richie’s third solo album, opened with his Academy Award-winning song “Say You, Say Me,” from the 1985 film White Nights. The title track gave Richie another No. 1 hit and spawned another popular video, while the follow-up singles “Love Will Conquer All” and “Ballerina Girl” also charted in the Top 10.
In the US, the album sold 4 million copies and became the first album to be certified silver, gold, platinum, and double platinum by the Recording Industry Association of America since the institution established double platinum in 1984.
‘We Are the World’
Richie also collaborated with Michael Jackson on the charity single “We Are the World” between his second and third albums. With industry heavyweights like Ray Charles, Bruce Springsteen, Stevie Wonder, and Tina Turner on board, “We Are the World” became one of the biggest hits in history, selling over 20 million copies.
Later Albums and Return to the Charts with ‘Tuskegee’
Richie’s fourth album, Louder Than Words, was released in 1996 after a lengthy hiatus from the studio. Following that, he released Time (1998), Renaissance (2000), Just for You (2004), Coming Home (2006), and Just Go (2009) to mixed reviews and sales.
Tuskegee (2012), on the other hand, marked the artist’s triumphant return to prominence. Richie collaborated primarily with country music stars such as Blake Shelton, Shania Twain, and Willie Nelson on new versions of his greatest hits, propelling the album to the top of the Billboard 200.
Lionel Richie’s Tours and Las Vegas Residency
Richie showed no signs of slowing down as he entered his 60s, launching the two-year All the Hits, All Night Long Tour on June 7, 2013. The tour began in Hollywood, Florida, on September 18 and end in Los Angeles on October 18, visiting stadiums and arenas throughout the U.S., Canada, and Mexico. It grossed $17,498,049 across the globe.
In 2016, he continued his Lionel Richie – All The Hits residency in Las Vegas, filling in between stints at other venues with artists such as Mariah Carey. According to some reports, he was paid millions of dollars for the Las Vegas residency.
How Much Did Lionel Richie Earn As ‘American Idol’ Judge?
According to reports, Lionel Richie earned $10 million during his first season as a judge on “American Idol” in 2019. He was announced as a judge on the 2018 reboot of the singing competition show American Idol, alongside pop princess Katy Perry and country hunk Luke Bryan, in 2017.
The industry veteran seemed ready to throw himself into his role: “For two days a week, Professor Richie is going to talk about the reality of what it takes to be an artist,” he told The New York Times. “Instead of sitting here moaning about how the world has changed since I started, I’m going to tell them what it takes. You think it’s just singing? No, it’s not. What kind of style do you have? What kind of stamina do you have? How many times can you take ‘No’? How many times can you come back? That’s an artist.”
The Richie-Bryan-Perry triumvirate was a winning combination for season 16 of the show, and all three returned as judges for seasons 17 and 18.
What Awards Did Lionel Richie Receive?
He won a Grammy Award for ‘Can’t Slow Down’ in the category of ‘Album of the Year’ in 1985. He also received a Grammy Award for ‘Song of the Year.’
In 1994, he was inducted into the ‘Songwriters Hall of Fame.’
In 2008, he received the George and Ira Gershwin Lifetime Achievement Award.
He was recognized with a star on the Hollywood Walk of Fame.
How Much Does Lionel Richie Make A Year?
According to some reports, Lionel Richie’s annual income is over $10 million.
How Much Are Lionel Richie’s Cars Worth?
Since Lionel Richie is rich, he owns some luxurious cars. Let’s take a look at his car collection.
|Lionel Richie Car Collection||Price (USD)|
|BMW 3-Series Convertible||$59,800|
1. BMW 3-Series Convertible ($59,800)
The 3 Series has a new, improved design with the brand’s latest technology and more refined luxury. It features a 255-horsepower turbocharged four-cylinder and a 385-horsepower turbocharged six-cylinder, as well as a new plug-in hybrid model with rear-wheel or all-wheel drive and an eight-speed automatic transmission.
2. Audi A7 ($88,900)
The Audi A7 is between the Audi A6, which is a great luxury car with a sporty feel, and the Audi A8, which is the most luxurious Audi you can buy. The Audi A7 looks and drives well, and its hatchback design makes it much more practical.
3. Range Rover ($135,670)
This SVA is a full-fledged Range Rover, and it is also the most expensive Range Rover produced. Range is mostly used by famous personalities, businessmen and other wealthy people. Autobiography is all about being well off and living in a very nice place. The SVA is powered by a 4999 cc supercharge eight-cylinder engine that makes 557 HP. The Range Rover also features a long wheelbase that makes the rear seats even more comfortable and gives passengers more legroom.
What Houses Does Lionel Richie Own?
Since the late 1990s, Richie has lived in a Beverly Hills mega-mansion. There are 28 rooms in his home, which is 17,000 square feet. The estate was built in 1929 and has gone through numerous renovations and updates including those Richie made when he moved in.
Richie spent millions to customize the interior of the property exactly how he wanted. Additionally, he made sure there were plenty of amenities outside the manor. Among them are a zen rose garden, several spacious terraces, and a large swimming pool with a spa. The mansion is valued at $11.4 million.
Lionel Richie’s Childhood and Education
Lionel Brockman Richie, Jr. was born in Tuskegee, Alabama to Alberta R. (Foster) and Lionel Brockman Richie.
He attended Joliet Township High School and was an excellent tennis player. He was then given a tennis scholarship to Tuskegee Institute, which he accepted. He studied Economics and graduated from university.
In the 1960s, as a university student, he became interested in a number of upcoming R&B groups. He briefly attended Auburn University after completing his graduate degree.
Lionel Richie’s Personal Life and Wife
On October 18, 1975, he married Brenda Harvey. He began an affair with Diane Alexander while he was still married to her. He separated from Harvey after she discovered his deeds, and she then brutally attacked him and Alexander.
While still married to Harvey, he adopted Nicole Richie when she was nine years old.
On December 21, 1995, he married Diane Alexander. Miles Brockman is the couple’s son, and Sofia is their daughter. In 2004, the couple divorced.
He is a passionate breast cancer activist who has raised nearly $3.1 million for the ‘Breast Cancer Research Foundation.’
Lionel Richie Height and Weight
Lionel Richie is 180 cm tall and his weight is around 77 kg.
Lionel Richie Age and Birthday
Lionel Richie was born on Jun 20, 1949. He is 72 years old as of June 2022.
Favorite Lionel Richie Quotes
Greatness comes from fear. Fear can either shut us down and we go home, or we fight through it.
Country music has always been about as close to R&B as you can possibly get. We’re storytellers.
Just when I think it couldn’t get any bigger, ‘Tuskegee’ reaches a new level of success.
I want to let everybody know that I’m from there, and country is Tuskegee. Or should I say rather, my country is Tuskegee. I was born and raised there, it’s not just someplace I passed through one day.
I’m a songwriter, and people will tell you the greatest stories about their lives, whether you want to hear it or not.
So much of my career has been about saying things the way people say them, using melodies not that I can sing but that the people can sing.
View our larger collection of the best Lionel Richie quotes.
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How To Become Rich Like Lionel Richie?
Lionel Richie did not become rich by luck. To become as rich as Lionel Richie, you have to work smart.
Successful people become rich because they take advantage of the opportunities that come their way. They are in the right place at the right time and take the right action.
Thanks to the Internet, the world has changed massively in recent years. Nowadays it has become much easier to make money online.
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If you seize this golden opportunity in time, you can become as successful as Lionel Richie one day.