Mariah Carey Net Worth in 2024- More Fabulous Than Ever?

Mariah Carey has been one of the world’s most popular and best-selling musical artists for over three decades. Known for her impressive 5-octave vocal range and chart-topping hits like “Vision of Love,” “Hero,” and “All I Want For Christmas Is You,” Mariah has solidified her status as a living legend. As she continues her Las Vegas residency and works on new music in 2024, what is Mariah Carey Net Worth in 2024.

From Humble Beginnings to Music Icon

Mariah was born in 1970 in Huntington, New York to an African American/Venezuelan father and Irish mother. Her parents divorced when she was just 3 years old, and she had a difficult childhood at times, dealing with poverty and racism. However, Mariah always loved music, and started writing songs and singing as a young girl.

After graduating high school, the self-taught pianist, songwriter and vocalist worked multiple jobs in NYC while trying to launch her music career. She was rejected by several labels before finally catching her big break in 1988 through meeting the Sony Music executive Tommy Mottola at a party. He instantly signed 19-year old Mariah to Columbia Records after listening to her incredible vocal range on her demo tape.

The rest is history – her smash self-titled debut album was released in 1990 and topped the Billboard charts for 11 weeks straight. Mariah took the world by storm and would go on to become the best-selling female artist of the 1990s. She has had an unprecedented 18 US #1 hit singles to date. With over 200 million records sold globally and more achievements than can be listed here, it’s no wonder that Mariah’s estimated net worth is so gigantic!

So What is Mariah Carey Net Worth in 2024?

Celebrity net worth sites currently estimate Mariah Carey’s net worth to be around $320 million. While net worth estimates reported online aren’t always completely accurate, this number indicates that Mariah has likely retained the majority of her massive career earnings over the last 30+ years as one of the most successful singers alive.

For comparison, in 2008 it was reported that Mariah’s net worth was $150 million. If we do some quick math, that means she has earned an average of $11 million per year in the past 15 years between music sales, touring, Las Vegas residencies, business ventures and other deals. And at 53 years old, Mariah isn’t slowing down anytime soon!

Where Does Her Money Come From?

The bulk of Mariah Carey’s massive $320 million net worth can be credited to music sales. As one of the top-selling artists globally of all time, she has grossed well over $500 million from her albums, singles and compilation albums over her decades-long career. She holds the record for most total weeks spent at #1 on the US charts by any artist ever.

Outside of music sales, Mariah likely takes home eight-figure paychecks for her Las Vegas concert residencies. She signed a lucrative multi-year deal for her residency at Caesars Palace back in 2015. She also earned a reported $18 million for one season as a judge on American Idol. Between touring, Vegas shows, producing and other business ventures, Mariah’s current income per year is likely in the mid eight-figure range even three decades into her wildly successful career.

And we can’t forget one of the biggest moneymakers – Mariah’s iconic 1994 holiday smash hit “All I Want For Christmas Is You.” This single has now become a multi-million dollar annual money-printing machine thanks to its immense popularity every holiday season. Mariah earns over $600,000 in royalties every December from the perennial chart-topper, which has amassed over $70 million in total royalties so far.

How Does She Spend Her Fortune?

With vast wealth comes luxurious spending. Mariah Carey lives a fabulously extravagant lifestyle with lavish homes across the country. She primarily resides in a massive custom mansion in Beverly Hills, and also owns places in New York City, the Bahamas and Atlanta. Her real estate portfolio alone is likely worth upwards of $100 million.

The pop diva spares no expense when it comes to travel and pampering either! She flies private and stays in the most elite hotels. She also loves flaunting her wealth through glamorous outfits, custom jewelry, and over-the-top birthday parties for her 11-year old twins. Additionally, generous Mariah is known for gifting lavish presents like Rolls Royces or $100,000 checks to her closest friends and family members.

Business Ventures Beyond Music

Aside from music and performing, Mariah has earned big paydays from other business ventures that contribute to her soaring net worth.

In 2017, Mariah launched her own label called Butterfly MC Records, a partnership with Epic Records. She also has her own beauty company, Lollipop Bling, which sells candy-inspired fragrances, lip glosses, nail polishes and children’s merchandise.

Furthermore, the entrepreneurial singer has created her own line of wines called Angel Champagne and Angel Red through a partnership with the Australian winery Chameleon Collection. She also recently filed trademarks to start selling her own line of Irish Cream liqueur as well!

On top of these companies, Mariah has earned at least $10 million or more through endorsement deals and sponsorships with companies like Carters clothing line, Hostess snacks and more over the years. She has even dabbled in acting, starring in films like Glitter, Precious and The Butler.

Philanthropy & Charity Work

Mariah Carey has donated time and money to numerous charitable causes over the course of her legendary career. She founded Camp Mariah in 1994, a Fresh Air Fund camp for disadvantaged youth. She also works extensively with the Make-A-Wish Foundation granting wishes for sick children, even using her own wealth to take them on shopping sprees.

After Hurricane Katrina in 2005, Mariah donated $500,000 towards relief efforts. She also opened up her NYC home to pregnant women displaced by the storm. Mariah contributes to several other organizations supporting children’s causes including the New York Children’s Health Project and the Youth America Grand Prix.

Through all of her charitable efforts over the decades, Mariah Carey has donated several million dollars to causes she is passionate about. Even though she enjoys the lavish lifestyle her fame has afforded her, she makes sure to give back and help those in need.

2024 and Beyond

With her Vegas residency contract extended into 2024 along with a new album expected this year, Mariah Carey’s reign shows no signs of slowing down yet. She continues breaking her own records – in 2022 she became the first artist to have a #1 song in 5 separate decades!

As she prepares to release her 16th studio album later this year, Mariah is poised to bank the biggest first week album sales debut of her career thanks to a lucrative new record deal. She already has two more Christmas TV specials in the works with Apple TV+ as well.

Between all her upcoming projects, touring, business ventures and real estate holdings, experts predict Mariah’s already mammoth net worth could easily reach $400 million or more by 2025!

For a star who came from humble beginnings, Mariah Carey has shown the world what can happen when natural talent meets fearless dedication. At 55 years old, the unstoppable icon remains forever the Songbird Supreme! Her glamorous, charitable and record-smashing lifestyle will likely continue making headlines for years to come. I sincerely hope you like reading this “Mariah Carey Net Worth in 2024- More Fabulous Than Ever?” article.