Richard Marx Net Worth
Richard Marx has a net worth of $25 million as an American singer, songwriter, and producer. Marx has sold over 30 million albums in his career, which began with his self-titled debut album, which charted at #8 on Billboard and produced four Top 5 hits. Marx has a total of 14 No. 1 singles across all platforms as a performer and songwriter/producer, establishing himself as a true multi-talented danger who continues to challenge himself and his fans.
Richard Marx was born in Chicago, Illinois, on September 16, 1963, to Ruth Marx, a former vocalist, and Dick Marx, a jazz musician, and creator of a 1960s jingle company. North Shore Country Day School was Marx’s alma mater.
Marx worked as a backup singer for Madonna, Whitney Houston, and Luther Vandross early on in his career. Marx pursued his own record deal but was turned down by every major company in Hollywood until Bruce Lundvall, president of EMI/Manhattan Records, heard Marx’s tape and realized he had a star on his hands. He signed Marx to a recording deal and granted him complete creative freedom to write and record whatever he wanted. Marx enlisted the help of his good friend Fee Waybill, the Tubes’ frontman, and a group of extremely brilliant musicians, including Joe Walsh and Randy Meisner of the Eagles, to produce a ten-track record that launched his career.
The chart-topping singles “Hold on to the Nights” and “Don’t Mean Nothing” from his debut album earned him a Grammy award for Best Rock Vocal Performance-Male. In 1987, his album was certified triple platinum. “Repeat Offender,” his follow-up album from 1989, was even more successful, debuting at #1 and went quadruple platinum with two #1 singles, “Satisfied” and “Right Here Waiting.” Within a few months, “Repeat Offender” reached No. 1 on the Billboard Album chart and was certified triple platinum. In the United States alone, it sold nearly 5 million copies. Marx’s first number one success on the Adult Contemporary chart in the United States, as well as his first major hit outside of the country, was “Right Here Waiting.” It was a No. 1 smash in a number of European nations, and it was Marx’s first top ten hits in the United Kingdom. It’s been talked about a lot. Marx played “Help” by the Beatles at the Berlin Wall in late 1989. For “Right Here Waiting,” he won his second Grammy nomination for “Best Pop Vocal Performance – Male” the following year.
Marx had a seven-year winning streak that matched any in pop-rock music history after his platinum albums “Rush Street” (1991) and “Paid Vacation” (1994). He went on a 24-hour, five-city blitz on MGM Grand Airlines to promote the release of “Rush Street,” playing at every stop, a record that has yet to be broken. Marx and his family moved back to Chicago from Los Angeles in 1994. Marx has fourteen Top 20 hits between 1987 and 1994, including three number one singles. All of his first seven singles charted in the top five. He is still the first male artist in history to have his first seven singles chart in the Top 5 on Billboard. Marx’s final studio album, “Flesh and Bone,” was released on the Capitol label in 1997. In the same year, he released his “Greatest Hits” collection, a 16-track album that featured a variety of popular singles from his first five albums as well as “Angel’s Lullaby,” a song dedicated to the Pediatric AIDS Foundation. “Days in Avalon,” Marx’s sixth studio album, was released in 2000. The label Signal 21 Records published it. Marx released “My Own Best Enemy” in 2004 after striking a new agreement with his old company, Manhattan Records. He published “Duo,” a collaboration with Vertical Horizon’s main singer Matt Scannell, in 2008. Later the same year, he was included in “Songwriters in the Round Presents: Legends & Lyrics,” a PBS television series. He made an appearance with Kenny Loggins, Nathan Lee, and the rock band Three Doors Down in episode 102 of the first season. Marx released “Emotional Remains” and “Sundown” as digital downloads in October of 2008.
“When You Loved Me,” off his 2010 album “Stories to Tell,” became a Top 20 AC smash. It was his first totally acoustic album, and it included acoustic versions of songs from several of his prior albums. In 2011, Walmart published a three-disc edition of “Stories to Tell” in the United States, which featured a “best of” disc, an acoustic disc of tracks, and a DVD of a live concert performance at Shepherd’s Bush in London. Marx published “The Christmas EP,” a five-song Christmas collection, in 2011. “Christmas Spirit,” the album’s first single, was released for radio airplay. Marx’s eleventh studio album, “Beautiful Goodbye,” was released in July 2014. He released “Whatever We Started” as a digital single in May 2014. On the Billboard Adult Contemporary Chart, it reached No. 29. “Limitless,” Marx’s next album, was released on February 7, 2020. “Another One Down,” the album’s debut single, peaked at No. 14 on Billboard’s Adult Contemporary list.
Marx has also written or collaborated on songs with other musicians over the course of his long career, including NSYNC’s “This I Promise You” and Luther Vandross’ “Dance with My Father.”
From 1989 to 2014, Richard was married to Cynthia Rhodes, an actress, and singer well known for her role as Penny on “Dirty Dancing.” Richard’s debut music video for the song “Don’t Mean Nothing” included her. They have three sons as a couple. After 25 years of marriage, they divorced in 2014.
Richard married Daisy Fuentes, a television celebrity and entrepreneur, in 2015.
Daisy purchased a property in the Hollywood Hills for $4.5 million in 2005. Daisy and Richard sold their home in 2019 for $5.8 million to actor Michael B. Jordan in a private, off-market transaction.
They have at least two Malibu mansions thanks to Daisy. Daisy bought an oceanfront home in Malibu for $5.75 million in 2013. On Las Flores Beach, the property has nearly 50 feet of beachfront. Mahogany doors, coral stone decks, limestone fireplaces, and French oak flooring are among the other highlights. Richard and Daisy paid $5 million for a Malibu property on the street’s non-oceanfront side in 2015.
Richard and his ex-wife Cynthia Rhodes held a massive estate in Lake Bluff, a Chicago suburb, for many years. They acquired the house for $4.7 million in 1997 and sold it for $18 million shortly after their divorce. The estate is a 5-acre gated compound with a 30,000-square-foot lakeside home. Richard and Cynthia finally accepted only $4.2 million after five years and several big price reductions.