Ricky Martin is a Puerto Rican singer, actor, and author who has a net worth of $130 million. Martin started his acting career at the age of 9 and his singing career at the age of 12 as a member of the Puerto Rican boy band Menudo. He eventually embarked on his solo career in 1991 and is now one of the all-time top Latin music artists, with over 70 million recordings sold worldwide.
Martin is considered among the most influential artists in the world and is renowned as the King of Latin music due to his musical versatility. At the 41st Annual Grammy Awards, Martin sang his song La Copa de la Vida, which is regarded as a game-changer for Latin music all around the world, and received a thunderous standing ovation.
Along with his successful music career, Martin also had a successful acting career. He rose to fame and stardom for his part in the popular soap opera General Hospital (1994–1996), and his portrayal of Antonio D’Amico in The Assassination of Gianni Versace: American Crime Story (2018) gave him his first major acting break and earned him an Emmy nomination. Additionally, He is an author, social activist, LGBT advocate, and philanthropist.
Ricky Martin’s Net Worth
As of 2022, Ricky Martin’s net worth is estimated to be around $130 million. Martin has sold more than 70 million records. His album sales, live concerts, and appearances on television and in films comprise the majority of his fortune.
|Net Worth (2022)||$130 Million|
|Born||December 24, 1971|
|Salary (Annual)||$10 Million (estimated)|
Net Worth Over the Years
|Net Worth in 2022||$130 Million|
|Net Worth in 2021||$127 Million|
|Net Worth in 2020||$123 Million|
|Net Worth in 2019||$115 Million|
|Net Worth in 2018||$110 Million|
Martin reportedly makes an estimated $1 million per live show. Record sales and live concert royalties are his main sources of income. Additionally, he consistently makes millions from his acting gigs.
In the 1990s, Ricky Martin earned an estimated $1,400,000 from the record sales of his album Ricky Martin, $850,000 from his album Me Amarás and $3,700,000 from his album A Medio Vivir.
In the 2000s, Ricky Martin earned an estimated $3,000,00 from the record sales of his album Sound Loaded, $230,000 from his album The Best of Ricky Martin, $5,200,000 from his album La Historia, $4,300,000 from the sales of his album Almas Del Silencio, $290,000 from his album Life, $1,250,000 from his album MTV Unplugged, $45,000 from his album live: Black & White Tour, $5,800 from his album Greatest Hits, $1,100,000 from his album Música + Alma + Sexo and $735,000 from his album Greatest Hits Souvenir Edition.
Enrique Martin Morales was born in San Juan, Puerto Rico on December 24, 1971, to accountant Nereida Morales and psychologist Enrique Martin Negroni. His parents got divorced when he was barely a 2-year-old infant.
He began taking singing and acting lessons at age six and began participating in choir and school productions. By the time he was nine years old, he was appearing in toothpaste, fast food, and soft drink TV commercials.
In 1984, Martin was chosen to join the Latin boy group “Menudo.” He departed the group in 1989 at the age of 17, after completing 11 albums. Then, to pursue his acting and singing studies, he enrolled at “New York University” in New York City.
He left college and relocated to Mexico so that he could play in “Mama Ama el Rock.”
In 1991, he released Ricky Martin, his debut solo album in Spanish, through Sony Discos. His second solo album, “Me Amaras,” was released in 1993 after the record became popular and appeared on Latin music charts.
His third album, “A Medio Vivir,” which was released in 1995, marked a turning point in his career by selling more than three million copies globally. He recorded his fourth album, “Vuelve,” in 1998, and it reached the top spot on Billboard’s list of Latin albums. He also launched his first English-language album ‘Ricky Martin’ in 1999, which debuted at No. 1 on the ‘Billboard 200’ chart.
His greatest Spanish-language successes were included on the album “La Historia,” which he released in 2001. He recorded a new Spanish album two years later called “Almas del Silencio,” which had hit singles including “Tal Vez,” “Jaleo,” and “Y Todo Queda en Nada.” His return to English-language pop music was marked by his 2005 album “Life.” For his “One Night Only with Ricky Martin” tour in 2006, he toured the world.
In 2006, he taped his wildly popular “MTV Unplugged” performance, and in 2007, he started a global “Black and White Tour.” He published another compilation album called “17” in 2008, and Greatest Hits was released in 2011. He then released an album titled, Greatest Hits: Souvenir Edition in Australia in 2013.
He released the number-one album on the Billboard Top Latin Albums list, “Musica + Alma + Sexo,” in 2011. His Mexican One World Tour commenced in 2014. In 2015, he issued his “A Quien Quiera Escuchar” CD in Spanish. Together with Colombian artist Maluma, the song “Vente Pa’ Ca” achieved international success in 2016 and did well on music charts all over the world. Martin released his single “Fiebre” from his newest musical endeavor in 2018. The musician’s “Movimiento Tour” a globe tour, began in 2020.
Film and TV Career
In 1994, he performed in Les Miserables on Broadway as well as on the TV shows General Hospital, Glee, and American Dad. In Hercules and Minions, he also provided the voice for a character.
In 2013, Ricky Martin appeared in the second, third, and fourth seasons of “The Voice Australia” as a judge and coach. Additionally, he worked as an executive producer on the 2015 television program “La Banda.” ‘Amici di Maria De Filippi’ in 2019 also signed Ricky as a coach.
Ricky Martin has written two books, The New York Times Best Sellers list featured his autobiography, “Me” and a children’s book named “Santiago the Dreamer in the Land Among the Stars.”
Ricky Martin established Martin Music Lab in association with two music engineers. He also owns a restaurant in Miami and had a multi-million dollar deal with Pepsi and other brands such as Nescafe, Casa Salsa, Hanic, and Lanvin.
Awards and Achievements
Martin is regarded as the most awarded male Latin artist, having received over 200 honors throughout the course of his career. In addition to his many accomplishments, Martin has sold over 70 million albums, amassed 95 platinum records, 6 #1 Billboard albums, and 11 #1 hit songs.
2 American Music Awards, 6 Grammy Awards, 8 World Music Awards, ten Billboard Music Awards, and 8 MTV Music Video Awards, 14 Lo Nuestro Awards, a Guinness World Record, and a star on the Hollywood Walk of Fame, and performed in more than 60 different countries.
In 2008, Puerto Rico designated August 31 as “International Ricky Martin Day.” In 2011, Ricky Martin received Spanish citizenship due to his recognition of various artistic elements. In recognition of his efforts to end human trafficking in the Caribbean, he received the honor of having June 7 designated as “Ricky Martin Day” in New York City in 2018.
He had an on-again, off-again romance with Rebecca de Alba, a Mexican TV host, but it ended in 2005. He became the father of Matteo and Valentino, twin sons, through a gestational surrogate in 2008. He disclosed he was gay in 2010. In 2011, he revealed his relationship with economist Carlos Gonzalez Abella. The two, however, parted ways in 2014.
In 2016, Martin began dating Jwan Yosef, a Syrian-Swedish painter whom he met on Instagram. Martin announced in 2016 that he was engaged to Yosef and in 2018 he secretly married Yosef. They are parents of two kids, Luca and Renn.
Activism and Philanthropy
Ricky Martin founded his own charitable foundation, Fundación Ricky Martin, centered on supporting LGBT rights and against human trafficking and is actively involved in charitable activity.
Additionally, he has worked with other charitable organizations including the Sabera Foundation, participated in a number of social campaigns, and donated to organizations like the Barbara Davis Center for Childhood Diabetes, ALAS, and the Yo Amo America Campaign.
He was recognized with an award from the famous International Centre for Missing & Exploited Children for his outstanding contribution to saving a few children from the grips of human trafficking. He has been honored as a hero by the US State Department for his efforts to end modern slavery.
House and Other Assets
Ricky Martin has a variety of properties across the globe including 2 homes in Miami Beach Mediterranean-style villa in Los Angeles, a mansion in Golden Beach, an apartment in New York, and a rented mansion in Sydney all of which he eventually sold.
Martin’s current residence, which is an 11,300 sq ft mansion in Beverly Hills that he bought in 2016, includes seven bedrooms, eight bathrooms, and outdoor seating areas that are dispersed throughout its 33,000 square feet. Additionally, Martin bought a private 19.7-acre island in Brazil for $8 million in 2008 and a property in Puerto Rico.
He has a range of high-end vehicles, including an Aston Martin, a Chevrolet Suburban, a handful of antique vehicles, and a Range Rover. Duh!! Martin also owns a $35,000 Vertigo Speed boat, among other assets.
As of 2022, Ricky Martin has a net worth of $130 million. One of the most well-known and well-respected pop singers in the world, Ricky Martin is regarded as a cultural icon. He received various accolades, including Latin Grammy and Grammy Awards. Martin has a background in music as well as acting and writing.