Otis Redding Net Worth at Death – How Did He Get Rich?

Otis Redding Net Worth 

Otis Redding had an estimated net worth of $10 million at the time of his death. Known as the voice of soul music, Otis Redding died in a plane crash at 26 years old. His song “(Sittin’ on) The Dock of the Bay” hit No. 1 in 1968. He earned most of his income from album sales and concerts. 

Singer-songwriter Otis Redding was discovered after recording “These Arms of Mine.” Redding, who was known for his sincere emotions, became the voice of soul music. Just as his career was taking off, he was killed in a plane crash on December 10, 1967. The song “(Sittin’ on) The Dock of the Bay” became his first and only No. 1 hit in 1968.

To calculate the net worth of Otis Redding, 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 personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Otis Redding
Net Worth: $10 Million
Monthly Salary: $300 Thousand
Annual Income: $5 Million
Source of Wealth: Songwriter, Singer, Singer-songwriter, Composer

Early Life

Otis Ray Redding Jr. was born in Dawson, Georgia on September 9, 1941. Redding’s family moved to Macon, Georgia, when he was five years old, and he grew up listening to Sam Cooke and Little Richard. Redding joined the Upsetters, the band that had previously backed Little Richard, in the late 1950s.

Recording Hits

In 1960, Redding moved to Los Angeles, California, where he began releasing singles. A year later, he returned to Georgia and recorded “Shout Bamalama.” He befriended guitarist Johnny Jenkins and joined his band, the Pinetoppers. During one of Jenkins’ recording sessions at Stax Studios in Memphis, Redding recorded a ballad he had written, “These Arms of Mine. The song quickly became popular and rose to number 20 on the R&B charts in 1963.

Redding began a career with Stax, playing guitar and arranging his own songs. He was known for his energy in the studio and recorded the album Otis Blue in 1965: Otis Redding Sings Soul in a Day. That same year he released “I have Been Loving You Too Long (to Stop Now)” and a year later “Fa-Fa-Fa-Fa-Fa (Sad Song).”

In 1967, Redding released a successful duet album with Carla Thomas. That same year, he produced Arthur Conley’s “Sweet Soul Music,” which reached #2 on the R&B charts. Other artists of the time were influenced by Redding and Aretha Franklin’s rendition of his song “Respect. Hoping to be more involved behind the scenes, Redding started his own label, Jotis.

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Performance Style

Aside from sales, Redding’s magnetic stage presence and genuine performances propelled him to stardom. On June 17, 1967, Redding performed at the Monterey International Pop Festival, where he received a standing ovation. His powerful singing and emotional style became synonymous with soul music.

Death

Redding released “(Sittin’ on) The Dock of the Bay” on December 6, 1967. The song topped the pop and R&B charts the following year, but Redding didn’t live to see it. On December 10, 1967, four days after the recording session, Redding and four members of his band, the Bar-Keys, were killed when their chartered plane crashed into a Wisconsin lake.

Legacy

“(Sittin’ on) The Dock of the Bay” is said to have influenced the soul movement by combining traditional rhythm and blues with folk. Three albums of Redding’s recordings were released posthumously.

In 1989, Redding was inducted into the Rock and Roll Hall of Fame. In 1999, he was awarded the Lifetime Achievement Award at the Grammy Awards.

In 2011, Kanye West and Jay-Z released the song “Otis,” which sampled “Try a Little Tenderness.” For the song, the two won a Grammy for Best Rap Performance in 2012.

Further Reading

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How To Become Rich Like Otis Redding?

Otis Redding did not become rich by luck. To become as rich as Otis Redding, 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.

Instead of looking for a 9-5 job and staying in your comfort zone, it’s better if you become your own boss as soon as possible.

You can learn how to build a digital asset that generates cash flow for you while you sleep to grow your wealth quickly.

If you seize this golden opportunity in time, you can become as successful as Otis Redding one day.

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