Richard Carpenter net worth: Richard Carpenter is an American musician who has a net worth of $10 million dollars. Richard Carpenter was born in New Haven, Connecticut, and began playing the piano when he was in elementary school. He knew that he wanted to pursue a career in music early on, and the entire family moved to California when he was in his late teens so that he could focus on building a name for himself in the music industry. He graduated from California State University – Long Beach, and then went on to form the band, the Richard Carpenter Trio, which also featured his sister, Karen. In the mid-60s, he formed the band, Spectrum, which included his sister and four other musicians. The group was only moderately successful, but the Carpenters caught the attention of A&M Records. They signed with A&M in 1969, and went on to record a number of hits for the label, becoming popular throughout the 70s with songs like, "(They Long to Be) Close to You", "Goodbye to Love", and "Only Yesterday". Karen Carpenter passed away in 1983, and he went on to release two solo albums. He has continued to record and also produces documentaries.