Key Takeways
- Usher’s net worth is $180 million, according to Celebrity Net Worth and Forbes.
- He broke the box office record with his 2024 residency, as he made $100 million with My Way: The Vegas Residency, which had more than 50 sold-out shows.
- He co-founded RBMG Records with Scooter Brown and launched Justin Bieber’s career, making him one of the biggest names in pop music.
- His first album sold over 500,000 copies and he has now sold over 80 million singles worldwide, according to GQ.
- Invested $9 million in Cleveland Cavaliers, LeBron James’ team, buying just 1% of the NBA team.
- Usher was one of the first artists to join Tidal, Jay Z’s new favorite platform for emerging talent.
Usher has had an extremely successful music career, having released several studio albums that have been commercial hits, including “Confessions“, one of the best-selling albums of the 21st century.
He has been entertaining audiences since he was just a child, appearing on Star Search at the age of 13, and the rest is history. Over the years, he has increased his net worth, establishing himself as one of the financially successful musicians.
Despite performing at the Super Bowl 2024 Halftime Show on Sunday, February 11, the R&B singer will not be paid for his performance on the NFL stage. However, this does not significantly impact his multi-million-dollar fortune.
How rich is Usher?
Usher is a singer, songwriter, producer, and actor. This means that his net worth of $180 million is formed by all of his work, both in the music and film industries, according to Celebrity Net Worth.
Usher performs at Real 92.3’s The Real Show at The Forum on November 5, 2016. (Source: Christopher Polk/Getty Images)
To date, he has managed to sell around 80 million records worldwide, making him one of the best-selling artists of all time. Additionally, he is also a co-founder of RBMG Records alongside Scooter Braun (Justin Bieber’s record label).
On the other hand, he has been involved in various sponsorship deals and commercial partnerships. Collaborations with brands and advertising agreements have generated significant income for him, in addition to that earned from his music.
Currently, the star is in a prominent position among the wealthiest artists in the entertainment industry. Like many of his peers, he has invested a significant portion of his fortune in properties and real estate.
Confessions was Usher’s greatest album
Confessions was the fourth studio album by the singer, which was released in March 2004. It has become one of the most successful and acclaimed in his career, leaving a lasting mark on the music industry.
Not only was it a commercial phenomenon, as in its first week of release, it sold over 1.1 million copies in the United States alone, becoming the album with the highest first-week sales for a male R&B artist at that time, but it also generated several successful singles.
Yeah! with Lil Jon and Ludacris was one of them and became an anthem, reaching number one on the Billboard Hot 100 chart. Other notable singles include Burn, Confessions Part II and My Boo (with Alicia Keys), all of which achieved high positions on the charts.
Usher’s earnings from his Las Vegas residency
Usher has not only had a extensive musical career worldwide, which has earned him a substantial amount of money, but he has also achieved success with his residency in Las Vegas, where he offered multiple concerts, leading him to earn $100 million, according to Billboard.
As of 2022, My Way: The Vegas Residency is one of the most successful events in all of his projects to date. Rolling Stone reported that by December 2023, it concluded with its 10th show, selling out tickets rapidly.
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His first residency earned him around $18.8 million with a total of 84 thousand tickets sold, while with My Way, he earned $95.9 million with 394 thousand tickets, totaling $114.6 million.
According to Yahoo Finance, each of the 100 shows earned around $1.198 million. A report published by the site noted that the total earnings have surpassed any of his other tours until 2024.
Usher co-founded RBMG Records
The collaboration between Scooter Braun and Usher resulted in the creation of RBMG Records, a record label that focused on developing and promoting new talents in the music industry. The label has been dedicated to seeking emerging artists and providing them with opportunities to grow in the music scene.
Braun has been recognized for his ability to discover talents and has been responsible for launching the careers of artists like Justin Bieber. The partnership with Usher at RBMG Records has been part of their joint efforts to contribute to the discovery and development of new talents in the music industry.
The R&B superstar played a significant role in the discovery and signing of Justin Bieber. The story goes that Scooter initially discovered Bieber through videos he had uploaded on YouTube.
When the producer showed Justin’s videos to Usher, who was already a established star in the music industry, he immediately recognized the potential of the young talent. The teenager’s vocal ability and charisma resonated with the singer, who saw the opportunity to guide and nurture the emerging talent.
Usher joined Tidal, the new artists’ platform
Tidal emerged from the union of many affected artists who have had issues with some record companies. The creation of this multi-platform music distribution was quite successful, as emerging artists can upload their own content without any requirements.
Usher has been one of them, joining the list along with other stars such as Beyoncé, Chris Martin of Coldplay, Madonna, Rihanna, Nicki Minaj, Win Butler and Regine Chassagne of Arcade Fire, Calvin Harris, Kanye West and many more.
The R&B singer has been a pillar of the community that often uses the platform, much like Jay Z. The service has several notable features, such as the fact that if your talent is outstanding, it will try to connect you with established artists to fund your music videos.
Usher and the Cleveland Cavaliers: The biggest deal of all
Usher has always been focused on his career, but that didn’t stop him from making significant investments. In 2005, he made one of his best deals by purchasing a 1% stake in the Cleveland Cavaliers, then valued at $375 million.
His small ownership coincided with the rise of LeBron James in Cleveland, and currently, the team is worth a fortune. Nineteen years after the player’s debut, the Cavaliers were valued at $3.2 billion, making Usher a considerable amount of money.
Additionally, in 2015, the singer collaborated with the team to create a new musical introduction for their home games. The song titled “Champion” was designed to energize the fans and was featured in the team’s introduction videos before the games.
Usher’s investments: His properties
The R&B icon paid $1.2 million in 1998 for a 10,000-square-foot mansion in Alpharetta, Georgia. However, he ended up selling it in 2018 for $1.5 million. Originally, he aimed to get $2.5 million for the property, but he couldn’t achieve that. He first set foot in that home in 1991 when he was just a teenager.
