The award-winning singer and songwriter has an estimated net worth of $230 million. While he has a storied career with his band, the Commodores, he has also enjoyed a successful solo career. In addition to being a talented vocalist, Richie is also a record producer and actor. In fact, his latest album, “Redemption,” sold more than 20 million copies worldwide.
As a solo artist, Lionel Richie has released several studio albums. From 1981 to 1986, he had 13 top ten hits. During that time, he collaborated with pop legend Michael Jackson for the song “We Are the World,” which sold over 20 million copies worldwide. In addition to his music career, he has appeared in numerous television shows, movies, and television shows. His music has received many accolades including five Grammys and 16 American Music Awards. In 2016, he was given the Johnny Mercer Award, which he has accepted every year since 2011. Currently, he is a judge on the revival of American Idol.
Despite the fact that the COVID-19 pandemic has curtailed his concert tour, Lionel Richie’s net value is set to soar. He will receive more than $20 million in the next decade thanks to his successful album sales. He’ll also benefit from his endorsement deals with brands, his own line of home decor products, and more. As of 2017, his net worth is expected to rise to $200 million by 2022.