Net Worth Ranker
What Is Ronnie DeVoe’s Net Worth?
Ronnie DeVoe, a prominent figure in the R&B music scene, has amassed a considerable net worth through his successful career as a singer and his ventures in real estate. While the exact figures fluctuate and are subject to estimations, an overview of his career provides insights into his financial standing.
Early Career and New Edition’s Impact
DeVoe’s journey to financial success began in 1978 when he joined Bobby Brown and others to form New Edition in Roxbury, Massachusetts. In the early 1980s, New Edition’s performance at a talent show at the Strand Theatre in Boston led to their discovery by record producer Maurice Starr. This pivotal moment resulted in the recording of their debut album, “Candy Girl,” in 1983. The album included hit singles such as “Is This the End,” “Popcorn Love,” and the title track, “Candy Girl,” which achieved the number one spot on the charts in both the US and the UK. Although specific sales figures for “Candy Girl” during its initial release aren’t readily available, its success marked the beginning of DeVoe’s income generation from music royalties and performances. After signing with MCA Records in 1984, New Edition released its self-titled second album, which launched the hit songs “Cool it Now” and “Mr. Telephone Man.” The group’s next studio album was “All for Love,” released in 1985; its hit singles were “Count Me Out,” “A Little Bit of Love (Is All it Takes),” and “With You All the Way.” The band also released the holiday EP “Christmas All Over the World.” Earning during the early years of New Edition was split among the members, contributing a foundational income to DeVoe’s early wealth accumulation. This album launched such hit singles as “You’re Not My Kind of Girl,” “Crucial,” and “N.E. Heartbreak.” While specific contract details and royalty percentages from this period are not publicly available, the commercial success of these albums significantly contributed to each member’s financial growth.
Bell Biv DeVoe’s Success and Royalties
Motivated by the success of Bobby Brown’s solo album, “Don’t Be Cruel,” in 1988, DeVoe partnered with fellow New Edition members Ricky Bell and Michael Bivins to form Bell Biv DeVoe in the early 1990s. The group’s debut album, “Poison,” achieved significant commercial success, reaching number five on the Billboard 200 and earning quadruple-platinum certification by the mid-1990s. This album spawned hit singles, including “Do Me!,” “Poison,” and “B.B.D. (I Thought It Was Me)?,” which further solidified DeVoe’s income through royalties and performance fees. By the mid-1990s, “Poison” was certified quadruple-platinum, indicating sales of over four million copies. Although the exact royalty rates and earnings per member are not publicly disclosed, the widespread success of “Poison” would have resulted in substantial royalty income for DeVoe. “Hootie Mack” peaked at number 19 on the Billboard 200. Bell Biv DeVoe’s third album was the more hardcore-leaning “BBD,” which didn’t come out until the end of 2001. “Three Stripes” was the group’s most commercially successful album since its debut, peaking at number 18 on the Billboard 200 and number one on the Independent Albums chart. With “Three Stripes” peaking at number 18 on the Billboard 200, it provided a renewed source of income through album sales, streaming, and potential touring opportunities. Precise earnings from this album are not publicly available, but its commercial performance added to DeVoe’s overall net worth.
Television Appearances and Brand Associations
Throughout his career, DeVoe has appeared in television series and films with New Edition and Bell Biv DeVoe, including “Knight Rider,” “The Fresh Prince of Bel-Air,” “Family Matters,” “New York Undercover,” and the 1985 film “Krush Groove.” In 2018, DeVoe began appearing on “The Real Housewives of Atlanta” alongside his wife, Shamari Fears. While specific appearance fees and earnings from these ventures are not publicly disclosed, these appearances would have supplemented his income and increased his visibility. Although specific endorsement contracts and compensation details are not available, association with brands through appearances and partnerships would have contributed to DeVoe’s income streams.
Real Estate Ventures
Beyond his music career, DeVoe is involved in real estate through his companies DeVoe Realty and DeVoe Broker Associates, a real estate agency based in Atlanta, Georgia. His involvement in the real estate market diversifies his income streams beyond music royalties and performances. DeVoe’s real estate ventures through DeVoe Realty and DeVoe Broker Associates in Atlanta represent a significant portion of his net worth. Although specific details of property holdings and transaction values are not publicly available, his involvement in real estate would provide a steady stream of income through sales, commissions, and property management.
