Marvin Gaye Net Worth
Marvin Gaye Net Worth: Marvin Gaye was an American singer-songwriter and musician who had a net worth of -$9 million at the time of his death in 1984. When Marvin Gaye died, his estate was in debt to the tune of $9 million. He left no will and most of his debt was owed to the IRS for unpaid taxes. Cash strapped before he died, he sold the majority of his music royalty rights to Motown Records but managed to keep the publishing rights. For several years after his death, the IRS received all of the royalties earned by his estate, roughly $1 million per year. He was born Marvin Pentz Gay, Jr. on April 2, 1939 in Washington, D.C.. He was instrumental in shaping the sound of R&B music and was one of the pioneers and most consistent hitmakers of Motown. Blessed with a mellifluous tenor and three-octave vocal range, Gaye's talent started to come to surface as he signed a solo contract with Motown Records. Throughout the 1960s, he saw the release of a string of hits like How Sweet It Is (To Be Loved By You) and I Heard It Through the Grapevine, and duet recordings with Mary Wells and Tammi Terrell. As the years passed, he turned from a singer into a sex symbol and social commentator, earning the titles Prince of Motown and Prince of Soul. In the 1970s, Marvin Gaye recorded his two concept albums What's Going On and Let's Get It, which made him one of the first among Motown artists to break away from the reins of their production company, and became the greatest black performer of his time. When it comes to his later recordings, they were mainly influenced by R&B subgenres like the quiet storm and neo-soul. After a tax exile period in Europe early in the 1980s, Gaye released the 1982 Grammy-winning hit Sexual Healing and Midnight Love album. A great musician as he was, Gaye has been posthumously honored by many institutions, including the Grammy Lifetime Achievement Award and Rock and Roll Hall of Fame.