How much is Backstreet Boys worth?
| Net Worth: | $200 Million |
|---|---|
| Formed: | Vocal group |
| Formed: | 1993 |
| Country: | United States of America |
About Backstreet Boys
In 1995, the Backstreet Boys released their first single, titled “We’ve Got It Goin’ On” which reached its highest position on the Billboard Hot 100 at number sixty-nine. Despite this, the track debuted in the top ten of the charts in a number of European nations. Backstreet Boys was the name of the band’s self-titled debut studio album, which was issued worldwide in 1996 and quickly achieved the status of diamond in Canada and three times platinum in Europe.
In 1998, Littrell filed a lawsuit against Lou Pearlman and Trans Continental, asserting that Pearlman had lied to him about the amount of money earned by the group. The complaint was based on this allegation.
Pearlman and his company collected in approximately $10 million in revenue from 1993 to 1997, but the band received only $300,000 of that total. The following year, McLean, Richardson, and Dorough became parties to the legal action, which ultimately led to a number of settlements being reached.
In 1999, the Backstreet Boys released their third studio album, Millennium, which turned out to be their most successful album to that point. It debuted at number one on the Billboard 200 chart with first-week sales of 1,133,000 copies.
By the end of the year, it had surpassed 24 million sales around the world, making it the album with the most total revenue. The Backstreet Boys were having fresh issues by October 1999, so they declared their existing contract with JIVE to be null and void. Shortly after that, they signed one of the richest record deals ever made with JIVE, which was valued at $60 million.
In 2002, the band made it clear that they wanted to terminate their contract with The Firm, which served as their management business.Despite this, Carter made the decision to stay with The Firm so that they could manage his solo career. Soon after that, the remaining members of the band started working on their upcoming album without him present.
The Backstreet Boys took JIVE Records to court, alleging that the parent company of JIVE Records, Zomba Music Group, breached a contract and demanded between $75 and $100 million in damages. This caused the relationship with JIVE Records to deteriorate. They asserted that the record label gave more attention to Carter’s solo album “Now or Never” rather than the group’s own work.
In May of 2011, the band shared the news that they were no longer recording with their previous record label, JIVE Records. That very same month, they joined up with New Kids on the Block to launch a co-headlining tour under the moniker NKOTBSB.
A compilation album of their greatest hits, also titled NKOTBSB, was issued by them prior to the tour. In addition to a mash-up and two new songs, the CD also has their greatest hits. As 2011 came to a close, the tour finished the year ranked number 17 on Billboard’s annual list of the “Top 25 Tours” having earned more than $40 million with 51 shows.
The tour continued until June 2012 and included a total of 80 performances across the globe, including North America, Europe, Australia, and Asia. Richardson appeared on stage with the band once more in July 2011, when they were performing at the Staples Center in Los Angeles. In 2012, Richardson became a full-time member of the band once again.
They commemorated their 20th year in business the following year, the same year that they issued their debut self-produced album titled “In a World Like This.” After more than two decades since the band’s inception and nearly two decades after their previous number one album, which was released in 2000, their follow-up album DNA (2019) arrived at number one. In addition to this, they achieved the distinction of becoming the first boy band to top the album charts in the United States in three successive decades.
In May of 2013, the band started what would become their 20th anniversary tour, which was formally known as the In a World Like This Tour. Over the course of more than two years, the tour included over 170 performances throughout six continents (North America, South America, Europe, Asia, and Australia, as well as the Middle East). This tour had a total gross of $32.8 million in 2014, making it the 44th highest-grossing worldwide tour of that year. Ticket sales for the tour totaled 607,407, and this number does not include its 2013 or 2015 performances.
On April 22, 2013, the group was honored with the receipt of a star on the Hollywood Walk of Fame. In January of 2015, they presented the world with their very first documentary film, which bore the title Backstreet Boys: Show ‘Em What You are Made Of. Backstreet Boys: Larger Than Life was the name of the residency that the band began performing in Las Vegas in March of 2017, and it lasted for a total of two years. In 2022, they made their debut with the release of their Christmas album titled A Very Backstreet Christmas.
Summing-Up
On April 22, 2013, the group was honored with the receipt of a star on the Hollywood Walk of Fame. They are the only boy band in history to accomplish this feat, and they are the first group since Led Zeppelin to have all ten of their studio albums debut in the top ten on the Billboard 200 chart. They are one of the rare bands to have multiple diamond albums thanks to the success of their albums Backstreet Boys and Millennium, both of which were awarded the diamond certification by the Recording Industry Association of America (RIAA). The Backstreet Boys have sold over 100 million records around the world, which places them as the best-selling boy band of all time and among the most successful music artists in the history of the music industry.
