Aretha Franklin Net Worth - Wealth Of The Queen Of Soul
Aretha Franklin died almost three years ago at age 76 from pancreatic cancer. It was thought that her net wealth was huge. But the "Queen of Soul's" children haven't seen a dime of their inheritance because of bad estate planning.
James K.Dec 26, 2022114 Shares1536 Views
The "Queen of Soul," Aretha Franklin, was an American singer, songwriter, and musician. At the time of her passing in 2018, Aretha Franklin net worthis huge. The value of her likeness, song library, and royalty stream are all included in that sum.
In 2018, the music industry lost one of its most influential and well-liked musicians with the passing of Aretha Franklin. Unfortunately, it also started a financial mess that hasn't been fixed.
Aretha Franklin is a singer who is well known. Franklin started singing at a very young age and taught herself how to play the piano. She made a big splash in the music business right away.
She has sold more than 75 million records, and that number keeps going up. She reached the top of the Billboard Hot 100 List with songs like "Respect" and "I Knew You Were Waiting For Me." This singer was even inducted into the Rock and Roll Hall of Fame in 1987.
She has earned 18 Grammy awards and two honorary Grammy awards for all of her hard work and her amazing singing voice and piano skills. Aretha Franklin has been called the "Queen of Soul" for a long time because Rolling Stone Magazine says she is the best singer.
Aretha Franklin - Ever Changing Times (Official Music Video) ft. Michael McDonald
Franklin started singing in her father's church at age twelve, and he managed her. He helped her get her first recording deal with J.V.B. Records and took her on "gospel caravan" travels where she sang in churches. Her 1956 J.V.B. Records debut, "Never Grow Old," was followed by several singles and the album "Spirituals" (1956).
She sang gospel in Chicago during the summers. At sixteen, she toured with Dr. Martin Luther King, Jr. (she would later go on to sing at his funeral in 1968). Franklin decided to pursue pop music at eighteen.
Franklin's father helped her move to New York and produce the demo that earned her a 1960 Columbia Records contract. "Today I Sing the Blues," her first Columbia single, reached the Hot Rhythm & Blues Sellers Top 10 in September 1960.
Franklin recorded her debut secular album, "Aretha: With the Ray Bryant Combo," in January 1961. The album "Won't Be Long" was her first Billboard Hot 100 hit. She released several more albums with Columbia but struggled commercially. In 1966, she joined Atlantic Records.
"I Never Loved a Man (The Way I Love You)," her debut Atlantic single, reached No. 9 on the Billboard Hot 100 and was her first top-ten pop smash. "Respect," "(You Make Me Feel Like a) Natural Woman," "Chain of Fools," "Ain't No Way," "Think," "Bridge Over Troubled Water," and "I Say a Little Prayer" are Franklin's best-known songs.
The Rock and Roll Hall of Fame inducted her first. In 1979, Franklin received a star on the Hollywood Walk of Fame, and in 1994, she received a Kennedy Center Honors medal. 18 Grammys and two Honorary Grammys are hers.
Billboard's "Top 40" has featured many of her tunes.20 of her tracks have topped Billboard's R&B singles list. She sold 75 million records worldwide, making her one of the best-selling musicians ever.
Aretha Franklin | House Tour | IN MEMORY | Her 2 Detroit Mansions
Aretha Franklin was reportedly worth $80 million when she died, which makes it hard to understand why she only left two handwritten notes about how she wanted her estate divided.
Even worse, it's possible that the documents won't be seen as "wills" by the state of Michigan. The whole thing has been brought to court. She also owed around $8 million in taxes. This means that there is a lot to figure out about her estate, like who gets what and how much they will have to pay.
This means that the biggest financial obstacle to the settlement and distribution of the performer's assets to her heirs has finally been cleared, and it only took four years since her death. This also means that Aretha Franklin's four sons have full access to all of the royalties and income streams she left behind.
Even though she went through a lot when she was young, poverty was not a big part of her childhood. Aretha was born in Memphis, Tennessee, but her family moved when she was five, and her father became the pastor of the New Bethel Baptist Church in Detroit.
She knew what she was worth and was determined to get paid, and cash was and still is the safest and quickest way to pay. Aretha would put her reading glasses on her nose and stand there while you counted out the money. The purse always made it onto the stage.
Aretha Franklin was a musician and singer from the United States. Many people thought she was great and called her the "Queen of Soul." When she died in 2018, she has a net worth of $80 million. You can also include the value of her likeness, music catalog, and royalties in that number.
People think of Aretha's hit songs like "Respect" and "I Say a Little Prayer" when they think of her. As of right now, she is one of the artists who has sold the most records. Around the world, she has sold more than 75 million albums.