American Rapper and Singer
#71 in Rappers today
As of 2024, Michael Bivins has a net worth of $45 million. He transferred a lot of his money to the trust fund of his daughters and therefore Bivins wealth has shrunk lately. Yet he is still one of the richest rappers, according to Forbes.
Daughters Trust Fund
Michael Bivins has four daughters: Savannah, Shilah, Starlah, and Sanaah Bivins. In the past few years, he has transferred $20 million to his daughters trust fund. Bivins said that he wanted to make sure that his daughters were financially secure for the rest of their lives.
His daughters have each gotten an equal portion of $5 million. This is made up of $4 million in land and real estate holdings and $1 million in cash. Michael Bivins’ net worth was severely damaged by this decision, but he doesn’t care.
Income from Music
Song/Album | Earnings |
---|---|
Poison | $6.6 million |
B.B.D. | $5.2 million |
Can You Stand the Rain | $4.9 million |
Hot Streak | $3.6 million |
Fire It Up | $2.5 million |
New Edition | $2.2 million |
Home Again | $2 million |
Street Dreams | $1.8 million |
Heart Break | $1.5 million |
Cool It Now | $1 million |
Real Estate Assets
- $5 million waterfront villa in Sarasota, Florida, bought in 2018 and sold in 2023 for $6 million, generating annual rental income of $150,000.
- $4 million penthouse in Chicago, purchased in 2020, currently rented out with an annual income of $120,000.
- $3 million mansion in New Orleans, acquired in 2019.
- $2 million countryside estate in Lexington, Kentucky, bought in 2021.
Stock Market Investments
Michael Bivins’ wealth includes an $8 million stock portfolio. This portfolio has investments of $1.5 million each in Chevron and Pfizer Inc., $1.2 million in Coca-Cola Company, and $1 million in Johnson & Johnson.
Bivins also owns $800,000 worth of stock in Bristol-Myers Squibb. His investments make about $250,000 a year in dividends, mainly from Chevron and Pfizer.
Michael Bivins Net Worth 2024
Full Name | Michael Lamont Bivins |
Net Worth | $45 million |
Annual Income | $8 Million |
Music Royalties | $3.6 Million |
Earnings per Concert | $250,000 |
Business Profits | $1.5 Million |
Quick Facts
- Michael Bivins is a founding member of the R&B group New Edition.
- He also co-founded the group Bell Biv DeVoe.
- Bivins was born on August 10, 1968, in Boston, Massachusetts.
- He began his music career in the early 1980s.
- New Edition’s debut album, Candy Girl, was released in 1983.
- Bell Biv DeVoe’s debut album, Poison, came out in 1990.
- Bivins has also worked as a producer and manager.
- He played a role in launching the career of artist Bobby Brown.
- Bivins is known for his distinctive voice and charismatic stage presence.
- He has been involved in various philanthropic activities and business ventures.