Kenny G Net Worth 2023
American adult contemporary and smooth jazz saxophonist Kenny G has a $100 million fortune. The most successful instrumentalist of all time is Kenny G, whose records have sold 75 million copies worldwide as of this writing. He now ranks in the top 100 artists in terms of overall sales.
Kenny is a very successful financial and real estate investor outside of the music industry. Despite our best efforts, we have not been able to locate any evidence to support the assertion that Kenny G has made more money from a pre-IPO Starbucks investment than he has from his music career. Kenny made a pre-IPO investment in Starbucks, which is uncontested. Due to its early acquisition, the actual value of the investment is currently unknown. For your knowledge, $1,000 invested in Starbucks on the day it went public would be worth $300,000 right now. There will be more information on this later in the post.
Early Life
On June 5, 1956, Kenneth Bruce Gorelick was born in Seattle, Washington. He actually failed his first audition for the jazz band in high school. The next year, he finally had to wait to try out before being accepted and receiving his first chair. Robert Damper, who continues to perform in his band now, was one of his fellow musicians and classmates when they were in high school (piano and keyboards).
At the age of 17, Kenny got his first job as a sideman with Barry White’s Love Unlimited Orchestra. Before being listed as a member of The Jeff Lorber Fusion, Kenny G recorded music with the Seattle funk group Cold, Bold, and Together and performed with White.
Where Did Kenny G Get His Fortune?
Kenny has a great financial background in addition to his singing career, having invested early in Starbucks and other successful companies.
His debut solo album, “Kenny G,” was a big financial hit when it was released in 1982. It achieved platinum status and made Kenny G a well-known name in contemporary jazz.
Since then, he has put out a number of other popular albums and received more Grammy Awards. Kenny G is a musician, but he has also worked in a number of businesses, including one that makes exquisite jewelry.
What Kenny G Is Known For
Music
Kenneth Bruce Gorelick, sometimes known as K. B. At age 10, Kenny G picked up the saxophone after watching a performance on The Ed Sullivan Show.
He initially played for Jeff Lorber’s Fusion before switching to Barry White’s Love Unlimited Orchestra, according to the LA Times. In 1982, he got a contract with Arista Records after seeing the potential he had as a solo performer.
He immediately became a jazz fan after releasing his self-titled first album, followed by the albums “G Force” and “Gravity,” and the last two albums went platinum.
When he released his fourth album, “Duotone,” it became one of the all-time best-selling instrumental albums after selling over 75 million copies worldwide.
For his track “Forever in Love,” he received numerous honors, including a Grammy for Best Instrumental Composition and an AMA for Best Adult Contemporary Artist.
Business Ventures
Kenny G is a very accomplished businessman in addition to being a successful musician. His uncle was one of the first individuals to send money to Howard Schultz, the CEO of Starbucks, and he urged him to make investments as well.
Due to Starbucks’ success, Kenny G, one of the company’s founding investors, now owns a share of the business.
Money Grower claims that in 1998, Kenny G invested merely $10,000 in Starbucks. In a video interview with CNBC, he made this disclosure and said that “investment was important” to his success.
Other Investments
The renowned musician was also interested in stock market investing. He has made other excellent investments over the years, similar to Starbucks, including purchases of United Airlines, Microsoft, and Apple.
Real Estate
Kenny has owned a number of homes around the country over the years. In 1990, Kenny spent $8.8 million over three transactions to piece together a three-acre estate in Hunts Point, Washington. In 1995 he built a 12,200 square-foot mansion on the property. He listed the property for sale in 1998 for $26.5 million. The home was bought for an undisclosed amount in 1999 by cellular phone billionaire Craig McCaw.
Since 1998, Kenny has made an opulent Malibu mansion or compound on a clifftop his home. For $12.5 million, he purchased the first piece of the property in 1997. He paid $3 million for the home next door in 2000, then proceeded to demolish the old structure and construct a brand-new mansion from the ground up. The second house reportedly cost more than $3.5 million to build. A 9-foot piano, tennis court, recording studio with 1,500 square feet, two bedrooms, four bathrooms, and other amenities can be found in the new second home, which still has its own address. Offices, a screening room, and a guest house with an ocean view are all part of the main property.
Personal Life
From 1980 to 1987, Kenny was married to Janice DeLeon. From 1992 through 2012, he was married to Lyndie Benson. Both of their boys are
Divorce Alimony Payment
Following the conclusion of their divorce in 2013, Kenny started providing Lyndie Benson with an alimony support payment of $40,000 per month or $360,000 annually.
In March 2023, Kenny asked for a reduction in his alimony payments, stating that the impact of COVID on touring had drastically reduced his income. At the time he made the request, Kenny had paid nearly $4 million to Lyndie in the previous decade.
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