Randy Jackson Net Worth
Randy Jackson has an estimated net worth of $50 million. Singer and musician Randy Jackson came to fame as a member of the Jacksons, a hit R&B and pop group of the 1970s and ’80s. He earns most of his income from album sales, concerts and music streaming.
Randy Jackson was born on October 29, 1961 and sometimes performed with his brothers in the group The Jackson 5. He became an official member in the mid-1970s, when the group became known as the Jacksons. Jackson and his brothers had several hits, including Victory in 1984, and he released a solo album in 1989. Nowadays, Jackson is more known for his disputes over the estate of his late brother Michael Jackson and other disputes with some of his family members than for his music career.
To calculate the net worth of Randy Jackson, 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:
|Net Worth:||$50 Million|
|Monthly Salary:||$600 Thousand|
|Annual Income:||$10 Million|
|Source of Wealth:||Record producer, Singer, Musician, TV Personality, Bassist, Music Manager, A&R executive, Actor, Television producer|
Early Life & Siblings
Steven Randall Jackson, better known as Randy Jackson, was born on October 29, 1961, in Gary, Indiana, the second-youngest child born into a musical dynasty. Jackson was raised in the shadow of his two older brothers: The Jackson 5 had become one of the top acts of the 1970s, with members Jackie, Tito, Jermaine, Marlon, and Michael. While Jackson had performed with his brothers on several occasions over the years, he did not become an official member of the group until the mid-1970s.
After switching from the Motown to the Epic record labels, the Jackson 5 renamed themselves the Jacksons. In the split, Motown retained the rights to the “Jackson 5” name, and brother Jermaine chose to stay with Motown. Jermaine Dupri was replaced by Randy Jackson.
Randy Jackson’s first album with his brothers, The Jacksons, was released in 1976 and included the Top 10 pop and R&B hit “Enjoy Yourself.” Goin’ Places was released the following year, but it failed to produce any major hits. The Jackson brothers wanted more creative control over their work, so they wrote the songs for their next album, Destiny (1978).
Destiny was another hit for the musical supergroup, propelled by singles such as “Blame It on the Boogie” and “Shake Your Body (Down to the Ground).” Triumph, which was released in 1980, was certified platinum. Randy Jackson was involved in a car accident around this time. In the incident, he broke both of his legs, and it took him nearly a year to recover.
Jermaine rejoined the group, and the six Jackson brothers released another number-one album, Victory, in 1984. However, the group appeared to disband soon after the album’s release: Michael Jackson, the group’s frontman, had become the “King of Pop” with his internationally successful album Thriller, and Marlon decided to leave the group after the Victory tour.
The Jacksons, now reduced to Randy, Jackie, Jermaine, and Tito, persisted, releasing their commercially disappointing album, 2300 Jackson Street, named after their childhood home address, in 1989. Randy Jackson went out on his own for the first time that same year. Randy & The Gypsies was released, but his solo career did not take off.
While tensions had been high in the Jackson family before Michael’s death in 2009, Randy found himself even more at odds with his relatives after Michael’s death. He, along with sister Janet and brother Jermaine, objected to a tribute concert for his late brother, held in Wales in 2011, stating that the family should have focused their attention instead on Dr. Conrad Murray’s trial for his role in Michael’s death.
In 2012, another family feud erupted. Randy demanded that the executors of his brother Michael’s estate resign, and he questioned Michael’s will. He was also accused of conspiring with his mother, Katherine Jackson, to keep Michael’s three children, Michael Joseph Jackson Jr., Paris Michael Katherine Jackson, and Prince Michael “Blanket” Jackson II, away from her. Some claimed Katherine was being held against her will in Arizona, at the home of her daughter Rebbie Jackson, but she later denied this. Randy stated on Twitter, “Rebbie, Janet, Jermaine, and I would never harm our mother, and we are doing everything we can to protect her.”
Randy Jackson is the father of three children: Genevieve Katherine and Randy Jr., from his relationship with Alejandra Genevieve Oaziaza (who later married his brother Jermaine for a time), and Stevanna, from his brief marriage to Eliza Shaffe.
Related Lists of Celebrities’ Net Worth
- Businessmen Net Worth
- Actors Net Worth
- Authors Net Worth
- Athletes Net Worth
- Singers Net Worth
- Rappers Net Worth
- Politicians Net Worth
Who Are The 30 Richest People In The World?
The list of the world’s richest people can change from year to year, depending on their current net worth and financial performance. Here is the current list of the 30 richest people in the world, based on the latest Forbes list, and some interesting facts about each of them.