How much is Maxwell worth?
|Net Worth:||$9 Million|
|Date of Birth:||May 23, 1973 (age 49)|
|Country:||United States of America|
|Height:||5 ft 7 in (1.71 m)|
Born and raised in Brooklyn, New York, Maxwell’s father died in a plane crash when he was just three years old. Maxwell’s lineage is a mixture of Puerto Rican and black Caribbean, his father was Puerto Rican and his mother, Haitian. His mother grew up as a devout Baptist and Maxwell also turned to religion. It was at the Baptist church that he first began singing publicly and, when he was 17, he became serious about music. It was the ’90s when he began writing his own songs and practicing notes on his Casio keyboard. His interests began to include non-spiritual musical influences, including early-’80s R&B singers Patrice Rushen, SOS Band and Rose Royce.
A performer by night and a waiter by day, Maxwell began performing his music in clubs in New York City. He had adopted his middle name as his stage moniker, keeping his real identity a closely guarded secret as he was concerned for his family’s privacy. He was also facing ridicule from classmates who joked about how he was so shy and awkward. Nevertheless, Maxwell was dedicated to his music and left his old life behind embracing new people and expanding his musical tastes and materials.
In 1994, after having recorded a demo tape and sending it to Columbia Records, he was signed by the label and began working on his first album. The concept album, Maxwell’s Urban Hang Suite, followed an adult romance from first encounter to its last, and was released in 1996. While the album had low sales at first, in fact it was fortunate that Maxwell could release it at all, as it had originally been ready for release in 1995 but shelved by Colombia. However it picked up, and amazingly, went on to sell over two million copies.
A rare occurrence for a debut album to become so successful, Maxwell capitalized on his trending success releasing the follow-up to Urban Hang Suite, the live, seven-song EP MTV Unplugged, in 1997. The album sold over 500,000 copies and was certified Platinum by the RIAA, it was also well received by critics and Maxwell continued to earn from his live appearances. He released Now three years later in 2001, which was also certified Platinum. Soon after, he decided to take a break from the music business and it would be eight long years until he would release BLACKsummers’night, in 2009.
His first solo single in six years was released in 2016, “Lake by the Ocean”. It was met with critical acclaim and made it to number 3 on Billboard 200. He subsequently released “Shame”, in 2019, and that same year he became the recipient of the “Lifetime Achievement Award” for “his innovative contributions to the music industry as a singer, songwriter, and producer” by the Congressional Black Caucus Foundation.
Maxwell’s Total Net Worth
Through his music sales and touring Maxwell has earned a small fortune in the music business. He has earned somewhere in the region of $16 million from his 6 million album sales, and more importantly, from his headlining tours from as far back as 1997.
Of his total career income, $1-3 million is expected to have been paid in business related costs. The remainder, $14 million, will have been taxed at a rate of around 46% as Maxwell has been residing in the state of New York. After tax, it is estimated that his career earnings are at around $7.56 million dollars, having paid $6.44 million dollars in taxes.
Maxwell has never married and has no children. In his personal life, Maxwell is estimated to have spent around $1 million dollars of his career earnings but also probably possesses assets valued at around $500,000, not including investment assets. In his investments, he may have earned investment returns of around $2 million dollars. Therefore, it is estimated that Maxwell has a net worth of around $9 million dollars.
After becoming famous from his his debut studio album Maxwell’s Urban Hang Suite (1996), Maxwell earned a reputation for helping form the “neo soul” movement in the late ’90s. Since then, he has won multiple awards including three Grammy Awards, six Soul Train Music Awards and two NAACP Image Awards and a Lifetime Achievement Award by the Congressional Black Caucus Foundation.