Aretha Franklin’s Net Worth: Find Out How Much the Late “Queen of Soul” Singer Made Over Her Career?

In this article, we are going to discuss some fascinating information about the life of late singer Aretha Franklin, including her age, career journey, relationship status, family, and net worth. So, read on till the conclusion for more information.

Who Is Aretha Franklin?

Aretha Franklin was an American singer, songwriter, and musician who was dubbed the “Queen of Soul.” Many of her tracks have made it to the Billboard Hot 40. There have been 20 of her tracks that have reached the top spot on Billboard’s R&B chart. She has also sold 75 million records worldwide, making her one of the best-selling musicians of all time.

Name Aretha Louise Franklin
Birth March 25, 1942, in Memphis, Tennessee
Profession Singer, songwriter, and musician
Nationality American
Death August 16, 2018
Age 76 years old

Early Life of Aretha Franklin 

Aretha Louise Franklin was born in Memphis, Tennessee, on March 25, 1942. Her mother, Barbara (née Siggers), was a vocalist and piano player, and her father, Clarence LaVaughn “C. L.” Franklin, was a Baptist minister and circuit preacher.

Aretha Franklin Net Worth

She was born at the family home at 406 Lucy Avenue, Memphis, Tennessee. Franklin had many siblings; her parents had four children together, in addition to children they had from both of their prior relationships.

Franklin’s parents had a rocky marriage, mostly due to her father’s many infidelities, and they eventually separated in 1948. Her mother took Aretha’s half-brother, Vaughn, and moved back to Buffalo, but still frequently visited her other children back in Detroit. However, she passed away after suffering a heart attack in 1952.

As such, Franklin and her siblings were raised by several women in the community, including their grandmother. Franklin attended Northern High School in Detroit but dropped out during her sophomore year.

Aretha Franklin’s Career

In Franklin’s father’s church, she began singing at the age of six, and he began managing her when she was twelve. With him, she performed in numerous churches around the country as part of his “gospel caravan” tours and also got her first record deal with JVB Records thanks to his assistance in that endeavour as well.

As a J.V.B. Records recording artist, she issued her debut song, “Never Grow Old,” in 1956. This was quickly followed by numerous other singles and an album, “Spirituals” (1956). She continued to sing and perform gospel music, and spent the summers in Chicago on the gospel circuit there.

 

A young Dr. Martin Luther King Jr. fan, she went on a tour with him when she was sixteen (she would later go on to sing at his funeral in 1968). Franklin, on the other hand, made a conscious decision at the age of eighteen to pursue a career in pop music.

Aretha Franklin Net Worth

He assisted Franklin in moving to New York and also helped her produce the demo that led to her signing with Columbia Records. The single “Today I Sing the Blues” was published by Columbia in September 1960 and reached the top ten of the Hot Rhythm & Blues Sellers chart by the following year.

It was in January 1961 that Franklin issued her first secular album, “Aretha: With The Ray Bryant Combo.” On the album, “Won’t Be Long” was her first Billboard Hot 100 charting hit. While with Columbia, she released a number of more albums, none of which were very well-received.

In November 1966, she left her contract with them and joined Atlantic Records. When “I Never Loved a Man” debuted at No. 9 on the Billboard Hot 100, it became her first number-one pop success with Atlantic Records.

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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 is among Franklin’s most popular songs today. There has never been a female recipient of this honour. Her star on the Hollywood Walk of Fame was awarded to Franklin in 1979 and a Kennedy Center Honors medal was awarded to Franklin in 1994.

Who Is Aretha Franklin’s Net Worth?

According to celebritynetworth.com at the time of her death in 2018, Aretha Franklin possessed an estimated net worth of $80 million USD. It includes the value of her likeness, song catalogue, and royalty stream in the calculation of this figure.

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She is still one of the best-selling performers of all time, having sold more than 75 million albums globally to date, according to Billboard.

Properties Owned by Aretha Franklin

Franklin owed the IRS between $5 and $8 million, it was discovered after her death on August 16, 2018. She had a sizable portfolio of real estate, equities, and other assets, which her attorneys began moving to sell in May 2019.

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Although her song and image archives are significantly less liquid assets, they are nevertheless incredibly valuable. She allegedly passed away without a will. Her four adult sons would each receive a portion of her estate’s value in accordance with Michigan law.

Who Is Aretha Franklin Dating?

Franklin had two marriages in her lifetime. Her first spouse Ted White married her in 1961. They divorced in 1969 after they had been separated for a year and a half.

Aretha Franklin Net Worth

Afterwards, she married actor Glynn Turman. It was 1978 when they wed and divorced in 1984 after a short separation in 1982. The couple had been engaged twice before, the last time in 2008 and the most recent time in 2012, however, she later called off the engagement.

Frequently Asked Questions

Who Received the Aretha Franklin Estate?

The Renowned Aretha Franklin’s Estate Has Resolved Its Dispute With the Internal Revenue Service (IRS). The Remaining $7.8 Million Debt Has Reportedly Been Paid in Full, According to USA Today. For Franklin’s Four Sons, Who Received Her Estate Upon Her Demise in 2018, This is a Big Victory.

What Was Aretha Franklin’s Tax Debt to the IRS?

According to a Recent Court Document From Her Estate, Aretha Franklin’s Long-standing $7.8 Million Obligation to the Internal Revenue Service Has Been Fully Settled.

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