LIONEL RICHIE | $200 Million

From soulful funk to an iconic balladeer, that was the journey of Lionel Richie’s career. Before that, the young Lionel studied for a degree in Economics. However, Lionel fell in love with music and decided to pursue it in the 1960s. After gaining inspiration from several R&B groups, he’d start his career and join the funk band Commodores in 1968. The band would help shape the funk era and garner fame and success with hits such as Just to Be Close to You and Lady (You Bring Me Up). Later on, he would start his solo act and become the soul singer people now know him for.

Lionel then furthered his musical success in the 1980s when he released hits after hits. His singles, such as Truly, You Are, All Night Long, and Hello, are still being sung by countless artists worldwide. No wonder the singer has accumulated an impressive amount of investments and a net worth valued at $200 million.