Introduction
Michael Bivins is a renowned American rapper, songwriter, entrepreneur, and music executive. He gained popularity as a founding member of the R&B group, New Edition, and later as a member of the hip hop group, Bell Biv DeVoe. Michael Bivins is also known for his successful business ventures in the music industry, and his investments in various companies. In this blog, we will delve into the secrets of Michael Bivins, specifically his multi-million dollar net worth.
Early Life and Career
Michael Bivins was born on August 10, 1968, in Boston, Massachusetts. He began his music career with his childhood friends, Ricky Bell and Ralph Tresvant, when they formed the group, New Edition, in 1978. The group went on to release several hit songs, including ‘Candy Girl’ and ‘Cool It Now’. Michael Bivins later formed Bell Biv DeVoe, which released the hit single, ‘Poison,’ which became a chart-topper.
Music Executive Career
In addition to his music career, Michael Bivins is also a successful music executive. He founded Biv 10 Records in 1992, which signed popular artists such as Boyz II Men, Another Bad Creation, and 702. Biv 10 Records was later acquired by Motown Records. Michael Bivins is also the co-founder of Sporty Rich Enterprises, a sports clothing company.
Investments
Michael Bivins has made several investments in various companies, including the tequila brand, Avión, which was sold for $610 million. He also invested in Uber and several real estate properties. In 2012, he bought a 15,000 square foot mansion in Weston, Massachusetts, for $4 million.
Net Worth
According to Celebrity Net Worth, Michael Bivins has a net worth of $50 million. This amount includes his earnings from music, business ventures, and investments.
Philanthropy
Michael Bivins is known for his philanthropic work. He founded the Michael Bivins Foundation, which helps fund programs for underprivileged youth and families. The foundation has supported several initiatives, including the Boys and Girls Club of Boston and the Magic Johnson Foundation.
Awards and Recognition
Throughout his career, Michael Bivins has received several accolades and recognition. He was inducted into the Rock and Roll Hall of Fame as a member of New Edition in 2017. He also received the ASCAP Voice of Music Award in 2016 for his contributions to the music industry.
Personal Life
Michael Bivins is married to his long-time girlfriend, Teasha Bivins. The couple has four children, all of whom are involved in the music industry in some capacity.
Conclusion
Michael Bivins is a multifaceted personality who has achieved success in several areas of his life. From his music career to his business ventures and philanthropic work, he has set an example for others to follow. His net worth, estimated to be $50 million, is a testament to his hard work and dedication.
FAQs
Q1. What is Michael Bivins’ net worth?
A1. Michael Bivins’ net worth is $50 million, according to Celebrity Net Worth.
Q2. What are some of Michael Bivins’ successful business ventures?
A2. Michael Bivins founded Biv 10 Records, which signed several popular artists, and co-founded Sporty Rich Enterprises, a sports clothing company.
Q3. What philanthropic work is Michael Bivins involved in?
A3. Michael Bivins founded the Michael Bivins Foundation, which supports programs for underprivileged youth and families.
Q4. What recognition has Michael Bivins received for his contributions to the music industry?
A4. Michael Bivins was inducted into the Rock and Roll Hall of Fame as a member of New Edition in 2017 and received the ASCAP Voice of Music Award in 2016.
Q5. Who is Michael Bivins married to?
A5. Michael Bivins is married to his long-time girlfriend, Teasha Bivins, and the couple has four children.