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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.

Author:Alex Mercer
Reviewer:Nathanial Blackwood
Dec 26, 2022
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1.5K 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.

Quick Facts About Aretha Franklin

NameAretha Franklin
BirthdayMarch 25, 1942
DeathAugust 16, 2018
ProfessionSinger, Songwriter
Net worth$80 million

Who Is Aretha Franklin?

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 Career

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 Net Worth

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.

People Also Ask

Who Gets Aretha Franklin's Royalties?

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.

Was Aretha Franklin's Family Wealthy?

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.

Did Aretha Always Get Paid In Cash?

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.

Conclusion

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.
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Alex Mercer

Alex Mercer

Author
Alex Mercer is a seasoned author and analyst specializing in wealth research, with a keen focus on evaluating the net worth of individuals across various industries. With over a decade of experience in financial analysis and wealth assessment, Alex has developed a nuanced understanding of the factors that contribute to an individual's financial status, from investments and assets to market trends and economic policies. His work involves in-depth reviews and analyses, providing insightful observations on wealth accumulation, management strategies, and the socio-economic implications of wealth distribution. Throughout his career, Alex has become known for his ability to distill complex financial data into understandable and engaging narratives, making the subject of wealth and net worth accessible to a broad audience. His expertise is not just in numbers but in telling the stories behind them, highlighting the journeys, strategies, and decisions that lead to financial success or challenges. Alex's contributions to the field of wealth research are valuable resources for anyone looking to understand the dynamics of wealth in today's world, offering a unique perspective that bridges the gap between financial analysis and human interest.
Nathanial Blackwood

Nathanial Blackwood

Reviewer
Nathanial (Nate) Blackwood is a distinguished financial journalist with a decade of experience in net worth analysis. He holds an Economics degree from the University of Finance and a Data Analysis certification, enabling him to blend thorough insights with engaging storytelling. Nate is known for making complex financial information accessible to a wide audience, earning acclaim for his precise and reader-friendly analyses. Beyond his writing, Nate is dedicated to financial literacy, actively participating in educational forums and workshops. He is the founder of PureNetWealth, a platform that demystifies the financial achievements of public figures by exploring the strategies and decisions behind their fortunes. Nate's work bridges the gap between intricate economic concepts and the general public, inspiring a deeper understanding of wealth dynamics. Follow Nathanial Blackwood for essential insights into the financial narratives shaping our world.
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