Ray Charles is a well-known musician, performer, and philanthropist. He was one of the most admired musicians of the 20th century, and at the time of his passing, his net worth was $75 million.
Before achieving enormous success in the music industry, Ray Charles had extremely modest and destitute origins.
What was Ray Charles net worth at the time of death?
Ray left behind 12 children, born to 10 different women. His will stipulated that each child would get a $500,000 inheritance. $6 million is that.
Additionally, it appears that he made a direct suggestion to them that they will eventually get more money. This was perceived by the kids as a promise that they would get future royalties and intellectual property rights.
The Ray Charles Foundation, a nonprofit that assists kids with hearing and vision impairments, received the majority of his remaining assets as a donation.
The foundation had $60 million in assets and $5 million in investment income at its height, which was around 2011. Currently, the Ray Charles Foundation has assets around $41 million and an annual revenue of about $3 million.
