Bob Marley’s estate is still very profitable. So much so, of course, that Marley’s 2020 net worth put it on the list of dead celebrities with the highest salaries this year, which is mostly made up of musicians. But what exactly keeps the musician’s estate so profitable outside of his music?
For stars like Marilyn Monroe, who are 10th on the list, their looks seem to make more money than their art is today. For fifth-placed Elvis Presley, his music still attracts a lot of money, but the profits from Graceland also add a lot.
Life and career of Bob Marley
Robert Nesta Marley was born on February 6, 1945, in Nine Mile, Saint Ann Parish, Jamaica. He began his musical career in 1963, when he formed a band called The Wailers with Bunny Wailer ‘s childhood friend Peter Tosh, Junior Braithwaite, Beverley Kelso, and Cherry Smith. It didn’t take long for the group to succeed. In 1964, they had their first No. 1 single in Jamaica, “Simmer Down. ”And in 1974, Marley began his solo career.
He released his first album, Exodus, in 1977, which gained him worldwide fame and laid the foundation for his future success in music sales. Even 39 years after his death, Marley is still an icon of Rastafari movement and Reggae music. He has sold more than 75 million records worldwide, leaving an inevitable legacy for his wife, Rita Marley, and his 11 children.
The sad thing about Marley’s estate is that he never created a will. His Rastafarian faith prevented him from doing so. Under Jamaican law, Rita was to receive 10% of her earnings, eventually receiving 55%. When Rita died, her children owned the estate. But Rita entered a legal battle over her late husband’s estate after, according to advisers’ suggestion, forged Marley’s signature on a document that was reportedly dying. Famous Net Worth.
A court in Jamaica finally ordered that the estate be taken over by Chris Blackwell, owner of Island Records, a Marley recording company. In 2001, Rita and her 11 legally recognized children gained control of the estate.
Bob Marley’s net 2020 value
The reggae singer / songwriter remains one of the best-selling recording artists of all time. According to Celebrity Net Worth, the “Three Little Birds” singer was worth $ 11.5 million when he died of acral lentiginous melanoma in 1981. He was 36 years old. When accounting for inflation, its net worth in 1981 would be $ 32 million today.
according to Forbes, the estate of “No Woman, No Cry” singer earned $ 14 million this year, making him the eighth deadliest highest paid. The profits are largely from his music, but his appearance is also used for a number of merchandise, such as lights and T-shirts, and Marley House sells its own line of turntables, headphones and chargers. -spoken. The revolution reports that these results totaled $ 3 million worth of real estate profits this year.
According to Celebrity Net Worth, millions of dollars worth of unlicensed products use Marley’s appearance. Between authorized and unlicensed license fees, it is reported to generate $ 500 million in revenue each year.
This year, his estate has also been releasing music videos for Marley songs. In February 2020, the Bob Marley LEGACY Series first on YouTube.
According to Marley ‘s YouTube channel, the LEGACY Series is a year-long audio-visual odyssey, featuring 12 newly created stories exploring the influence of Bob Marley today. The series will also feature Marley Sessions with live coverage by contemporary artists, and The Visual Legend with 14 new music videos. ”