How much was Kenny Rogers worth?
|Net Worth:||$200 Million|
|Date of Birth:||August 21, 1938 (aged 81)|
|Country:||United States of America|
|Height:||5 ft 11 in (1.82 m)|
About Kenny Rogers
During his lifetime, Kenny Rogers charted over 120 hit singles. His songs made it to number 1 on both the country and pop album charts and he sold 120 million records worldwide. Rogers was inducted into the Country Music Hall of Fame in 2013 and is one of the best-selling artists of all time, regardless of genre.
Rogers’ has said, that “success is not what drives me” but that it is “happiness that drives me”. He talked about his ambition as a music artist but also that “as long as I could make my house payment and my car payment I would have been content being a local musician”.
In pop’s history, there have been very few superstars like Kenny Rogers. A singer and musician who could make hit after hit. Over the decade of 1975 and 1985 there were very, very few like him. Rogers revealed an uncanny ability to be a multi-faceted, quintessential crossover artist while also being massively popular and critically acclaimed. Rogers was so prolific and successful in music that in the early ’80s his music played continuously on almost every radio station, on television and was a fixture of a large percentage of American households.
Houston, Texas was an eclectic country music hotbed when Rogers was growing up. He came from lower-class roots which afforded him the opportunity to spend much of his time experimenting with his music. His family lived in a federal housing project, his father was an alcoholic and an unskilled laborer and his mother was a nurse. Kenny was the first child in his family to graduate from high school. While at school he played the bass and at times served as the vocalist for The Scholars. Together they recorded a few singles that made it onto local airplay. He also worked as an office supply salesman to try and earn some extras money, however he was eventually fired for working at odd hours. He always put his music first.
As a teenager, during the late ’50s, he began to try and turn his passion for music into a career. He originally started performing along with the jazz-pop group The Bobby Doyle Trio, it is said that he earned as much as $700 to $800 a week (inflation-adjusted) from his involvement. Still very experimental, he developed his sound dabbling with styles as diverse as doo-wop to jazz eventually finding a formative style of country-rock. He joined the folk pop group New Christy Minstrels, and later, went on to form The First Edition. During the ’60s the band picked up quite some popularity off the back of singles such as “Ruby, Don’t Take Your Love to Town” and “Just Dropped In (To See What Condition My Condition Was In).”
Into the ’70s Rogers continued to record with The First Edition. His smooth voice and relaxed demeanor with his beard and appearance boded well for the group and they gained top billing. To many, Rogers carried the group for a time and it became apparent that his intentions were indeed to go solo. While it was unclear how he would perform as a solo artist, his 1977 pop hit “Lucille” made it to number 1 and set off a trend of hit singles that would take over the charts. By the ’80s Rogers was already a pop icon with top hits such as “Coward of the County” and “The Gambler”.
In the early-’80s Rogers began to become involved in successful TV movies, including starring in his own Hollywood film, 1982’s Six Pack. He made even greater strides in his music career adding to his audience from his appearances in film. He met and teamed up with pop music legend Lionel Richie. As a duet, Rogers had major hits with popular female performers from Sheena Easton (“We’ve Got Tonight”), to Kim Carnes (“Don’t Fall in Love with a Dreamer”) and Dolly Parton (“Islands in the Stream”).
Despite a massive peak in his career coming into the ’80s, by 1986 Rogers presence as a pop singer had declined. He was still a major musician on the country charts, but before long his image had changed and some of his entrepreneurial pursuits were being looked at as a source of comedy. Including Kenny Rogers Roasters restaurant chain making it into a plotline of a Seinfeld episode. Rogers’ fast-food chicken outlet filed for bankruptcy in 1998.
Through the ’90s, Rogers continued to put out music but it was only in the 2000s when he experienced a comeback in his career. His hit song “Buy Me a Rose,” made it to number 1 on the country chart. At 61 years old, it made him the oldest country music artist to have achieved that.
In Sandy Springs, Georgia, at the age of 81, Rogers died from natural causes on March 20, 2020. At the time of his death, Kenneth Rogers’ net worth was $200 million. He was one of the most successful country singers of all time.
Rogers’ Total Net Worth
“I think the most money my father ever made was $75 a week,” Kenny Rogers has said. Growing up the Rogers family was poor and Kenny has said that he feels that he would have been content being a local musician. It was not success that was the driving force behind some 120 million records sold worldwide during his lifetime, but rather the joy of the work itself. His record sales make him one of the best-selling music artists of all time, and in total, it is estimated that he earned around $385 million in career earnings.
Of that amount, $15-27 million is expected to have been paid in business related costs. The remainder, $364 million, will have been taxed at a rate of around 54% as Rogers resided in the state of Georgia but earned through some high Federal income tax rates during the ’70s and the ’80s. After tax, it is estimated that his career earnings were around $167.44 million dollars, having paid around $196.56 million in taxes.
Kenny Rogers married five times and divorced four times. He married Marianne Gordon in 1977 and the were together for sixteen years, divorcing in 1993. As part of a divorce settlement, Kenny paid Marianne $60 million dollars. He later married Wanda Miller in 1997 and they remained together until Kenny’s death in 2020. His first three marriages are considered to be of little consequence to his final net worth as they were all before his rise to prominence in the mid-’70s.
In his personal life, Kenny Rogers is estimated to have spent around $7-13 million dollars of his career earnings but also probably possessed assets valued at around $2-4 million, not including investment assets. In his investments, he may have earned investment returns of $84-105 million dollars. Therefore, it is estimated that Kenny Rogers had a net worth of around $200 million dollars.
Rogers was a majorly popular artist in country as well as charted hit singles in various other genres, most notably in pop. With 120 million records sold worldwide he was one of the best-selling music artists of all time and he also segued into Hollywood as well, with the 1982 feature film Six Pack. He co-founded the restaurant chain Kenny Rogers Roasters and although they closed in the US, they are still open in various locations in Asia. Rogers was inducted into the Country Music Hall of Fame in 2013.