In comparison to the 1980s, 1990s, and early 2000s, the music industry has seen dramatic changes. No longer can a band make it off of album sales alone; now it’s all about how many people listen to their music on Spotify.
If you’re a musician, you’re only hurting yourself by not selling items on your website and exploring other revenue streams. Is record sales the only source of Rick Astley’s wealth, or are there other sources of income as well?
How to Invest and Manage Your Money, by Rick Astley
Although he does not see himself as an expert investor, he has not had a disastrous track record in the markets.
Given the countless stories of lottery winners and professional athletes going bankrupt, it’s natural to assume that Rick Astley, who became a millionaire at age 24 and retired at age 27, would have a similarly tragic backstory.
However, he has maintained his riches for almost twenty years now with a mix of moderate living (for a millionaire, at least), smart money management, and income from music and investments, and you can bet that he will never give it up.
Astley was born on February 6, 1966, in Newton-le-Willows, Lancashire, England. He’s the fourth of his five siblings. Rick’s parents divorced when he was five.
Lene Bausager, an Oscar-winning producer, recently tied the knot with British singer Rick Astley. The pair has a daughter who was born and raised in Denmark. However, he and his wife currently make their home in Molesey, England.
While still in high school, Astley formed and played drums in various local bands. One of the musicians he encountered while playing in these ensembles was named David Morris, who played guitar.
Astley quit school when he was 16 to drive a truck for his father’s market gardening business. At night, he played drums for several bands, such as the soul group FBI and Give Way, which won several local talent shows, and sang covers by the Beatles and the Shadows.
Professionally, Astley was still performing with the band FBI in 1985. They were a popular local actor who performed their own original music.
After Morris left to pursue a career in hairdressing and FBI’s lead singer left the band, Astley volunteered to take over lead vocals.
It was at this time that record producer Pete Waterman took notice and persuaded him to relocate to London, where he would eventually work at the Pete Waterman Limited studio in conjunction with RCA Records.
Astley reportedly learned the ropes as a “tea boy” or “gofer” in a recording studio, which helped prepare him for his future career. His first single, “When You Gunna,” was a collaboration with Lisa Carter but received little attention. There was zero airplay for the song.
With its recording on New Year’s Day 1987 and its release eight months later, “Never Gonna Give You Up” became the album’s breakout single.
Astley’s distinctively deep and rich voice and the song’s catchy dance-pop made it an instant hit. For five consecutive weeks, the song topped the British singles chart, making it the year’s best-selling single.
It was number one on the charts in the United States and the other 24 nations. He sang it in front of an estimated 100 million people around the world, and it was crowned the Best British Single at the 1988 BRIT Awards.
For him, this was the first of 13 songs to reach the top 30 in their respective foreign charts.
In 1985, Astley was still a part of the FBI’s percussion section alongside David Morris on guitar. They were popular in the area due to their original performances and compositions.
Astley decided to take over lead vocals for FBI when the previous singer left and Morris decided to devote himself full-time to his hairstyling job.
He caught the attention of record producer Pete Waterman, who persuaded him to relocate to London so that he could record for RCA Records at the Pete Waterman Limited studio.
When Rick Astley released “Never Gonna Give You Up,” at what age was he?
Just 21 years old, Rick Astley had a worldwide number one record that became an instant classic. In addition to making Rick a household name, the song also helped him earn a million dollars before he turned 22.
Rick suggested that the young and fortunate hire an “expensive” lawyer to keep an eye on things and find a manager who genuinely cares about them as individuals in order to make the most of their newfound wealth.
Having a million dollars at such a young age is “crazy,” he added, adding that “it shouldn’t happen to anyone.”
Rick Astley, who has made a fortune from his albums, is also a successful musician, songwriter, producer, and radio host. Is he really worth $16 million, or is that number based on anything else, like maybe a tour or something?
A sizable portion of it, at least. Keep in mind that between 1987 and 1993, this artist sold an astounding 40 million records.