Rick James was an American singer, songwriter, musician, and best producer. At the time of his decease, Rick James had a net worth of $250,000. Had Rick accomplished to live another area or two, he would have skilled an incredible financial windfall with the rise of streaming services and finally music catalog sales, which we detail in a moment.
Giving to court documents released soon after his death, Rick’s estate was worth just $250,000 when he expired. Rick famously spent lavishly during his lifetime. Thru much of the 1990s, Rick well spent $7,000 per week on cocaine, which he would later define as “a hell of a drug.” He also expended millions of legal troubles including a multi-million-dollar settlement to a woman who suspects him of assault. At the time of his death, Rick James was living in a modest room in Burbank, California.
Rick James rose to renown in the 1970s as an artist on the famed Motown Records.
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His entrance single album “Come Get It!” was released in 1978. His 1980 album “Street Songs” spent 78 workweeks on the US R&B Chart, with 20 weeks at #1. This book would become James’ biggest hit thanks to signature songs “Mary Jane” and “Super Freak”. He never hit the same heights as he would throughout this period, but he remained a respected instrumentalist and solo artist until a stroke in 1998 left him a near-recluse.
“Super Freak” was tasted heavily in MC Hammer’s massive 1990 hit “U Can’t Touch This”. The song made them a Grammy Award for Best R&B Song, but only after James got the recognition for it via a lawsuit. It was James’s only Grammy win. After relishing a brief resurgence in popularity thanks to his appearance in a prevalent Chappelle’s Show sketch, Rick James deceased on August 6, 2004!
Catalog Sale
Rick’s heirs may have been disenchanted by their father’s estate value at the time of his death, but he did consent them with one extremely valuable asset: The civil rights to his songs. Decades afterward his death, Rick’s music continues to be streamed millions of times per year and sampled by popular artists.
The most prevalent sampling occurred in the MC Hammer song “U Can’t Touch This”. Hammer’s song was not free as a single at first, so fans had to buy the full album to hear “U Can’t Touch This.” As a consequence, Hammer’s album went on to sell additional than 18 million copies worldwide.
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