Net Worth Ranker
What Is Monica Arnold’s Net Worth?
Monica Denise Arnold, known professionally as Monica, has accumulated a net worth of $8 million. This figure is primarily attributed to her successful career as a singer, songwriter, and actress. Her earnings stem from album sales, singles, touring, and appearances in film and television.
Early Career and Rise to Fame
Monica’s journey began in Atlanta, Georgia, where she was born on October 24, 1980. By the age of two, she was already showcasing her vocal talent at the Jones Hill Chapel United Methodist Church. As a teenager, she participated in and won over 20 singing competitions, demonstrating her early dedication and skill. At age 10, she joined a traveling gospel choir, Charles Thompson and the Majestics, becoming their youngest member.
In 1995, at the age of 13, Monica released her debut album, “Miss Thang,” under Rowdy Records, an imprint of Arista Records. Discovered by producer Dallas Austin at age 11, her early start positioned her for long-term success in the music industry. “Miss Thang” achieved 3x Platinum status, peaking at #36 on the “Billboard” 200 and #7 on the Top R&B/Hip-Hop Albums chart. The album featured hit singles such as “Don’t Take It Personal (Just One of Dem Days),” “Like This and Like That,” and “Before You Walk Out of My Life.” These initial successes contributed significantly to her early earnings and established her as a prominent figure in the R&B scene.
Switching to Arista Records, Monica recorded “For You I Will”, which was featured on the “Space Jam” soundtrack in 1996.
A critical milestone in Monica’s career came in 1998 with the release of “The Boy Is Mine,” a duet with Brandy Norwood. This single became a global hit, reaching #1 in numerous countries and achieving 2x Platinum certification. “The Boy Is Mine” won a Grammy Award, catapulting both singers to international stardom. This collaboration significantly boosted Monica’s income through royalties, performances, and increased album sales. Her second album, also titled “The Boy Is Mine,” was released on July 14, 1998, achieving 3x Platinum certification and peaking at #8 on the “Billboard” 200. It featured additional #1 hits like “Angel of Mine” and “The First Night,” further solidifying her financial success.
Continued Music Career and Ventures
Following the success of her early albums, Monica continued to release music that contributed to her net worth. Her third album, “All Eyez on Me,” was released in November 2002 under Clive Davis’s J Records label. In June 2003, she released “After the Storm,” which reached #1 on the “Billboard” 200 and included the top 10 single “So Gone.” While specific sales figures for these albums are not always publicly available, their commercial success added substantially to her earnings.
In 2006, Monica released her fifth studio album, “The Makings of Me.” Monica’s sixth studio album, “Still Standing,” reached #1 on the Top R&B/Hip-Hop Albums chart and #2 on the “Billboard” 200 upon its release in March 2010. Monica released the album “New Life” on RCA Records in April 2012. In 2013, she recorded a cover of “Have Yourself a Merry Little Christmas” for “The Best Man Holiday” soundtrack, and her album “Code Red” was released in December 2015. Touring and live performances have consistently supplemented her income, with earnings varying based on venue size, ticket sales, and promotional activities.
Monica has also ventured into television and film, increasing her income through acting roles. She starred in the MTV movie “Love Song” (2000) and appeared in the feature film “Boys and Girls.” She guest-starred on “Felicity” (2001) and performed “My Guy” as Mary Wells on a 2003 episode of “American Dreams.” Additionally, she appeared in the film “ATL” (2006) and the Lifetime movie “Pastor Brown” (2009). Her reality series, “Monica: Still Standing” (2009) on BET, provided another revenue stream.
In 2011, Monica served as an advisor to coach Cee Lo Green on the NBC singing competition “The Voice.” In August 2020, Monica and Brandy appeared on “Verzuz,” an online battle series, and the following month, Monica announced that she would be hosting her own radio show, “Mo Talk” on Apple Music. These ventures helped diversify her income sources and maintained her visibility in the entertainment industry. Although the exact figures from these specific appearances aren’t available, they contribute to her overall financial portfolio.
In 2018, Monica formed a non-profit organization, The Be Human Foundation, and introduced it with a ballad called “Be Human.” She released the single “Commitment” (from her forthcoming album “Trenches”) in January 2019, and it topped the Adult R&B Songs chart a few months later.
Real Estate and Assets
Monica’s real estate investments also play a role in her net worth. In February 2016, she listed her 6,288 square foot Atlanta home for $550,000. She later reduced the price to $499,900 before selling it for $450,000 in February 2017. Records indicate she purchased the home in May 2009 for $420,500. While this particular transaction resulted in a modest profit, real estate holdings often contribute to an individual’s overall asset base.
Awards and Recognition
Throughout her career, Monica has received numerous awards and nominations, enhancing her reputation and marketability. She won a Grammy Award for Best R&B Performance by a Duo or Group with Vocals for “The Boy Is Mine” in 1999. The same song earned her and Brandy two BMI Pop Awards. In 2010, she won the Centric Award at the BET Awards, and in 2006, she was named R&B Artist of the Year at the “Billboard” Music Awards. In November 2020, Monica received the Lady of Soul Award at the Soul Train Awards. These accolades not only celebrate her artistic achievements but also contribute to her brand and earning potential.
