Holiday time is Mariah Carey money-making time.
Carey’s “All I Want for Christmas Is You” has once again made its annual return to the Billboard Hot 100 chart, a testament to her reign as the queen of Christmas music. The beloved holiday tune has reentered the charts at No. 17. The song’s resurgence can be attributed to its strong streaming performance, as it surges from No. 24 to No. 9 on Billboard’s Top Streaming Songs chart, confirming its popularity as one of the most-streamed tracks in the country. It has earned Carey millions of dollars, Forbes reports.
Not only does her Christmas song rake in money, but now the music diva is on a mini-holiday tour. Her “Merry Christmas One And All!” Live Nation tour includes stops in Montreal, Chicago, and other cities before wrapping up on Dec. 17 at Madison Square Garden. She’s already played the Hollywood Bowl in L.A. and Denver to sold out shows.
According to Billboard, general admission tickets are currently priced at approximately $100-$300 while VIP tickets can cost more than $1,000 depending on the concert venue.
Inside Carey’s Cash Flow
Carey is the second-greatest selling female singer of all time and has a net worth reportedly between $340 million and $350 million. She launched her music career as a backup singer for Brenda K. Starr. After signing a deal with Columbia, Carey’s self-titled debut album was released in 1990 and was certified platinum nine times. The album sold more than 15 million copies internationally and reached No. 1 on the Billboard charts. Carey earned a Grammy nod for Best New Artist and Best Female Pop Vocal Performance.
Carey has gone on to release more than 12 studio albums. Her song “All I Want For Christmas Is You” is one of her biggest money makers. Sources report that Carey earns somewhere between $600,000 and $3 million annually in royalties. Not bad for a song that was written in merely 15 minutes.
Money Comes, Money Goes
The rumors of Carey’s spending are not new. Carey has publicly shared her love of expensive jewelry and having a hefty wardrobe and styling budget.
Her ex-fiancé James Packer purchased a yacht for Carey before their breakup. According to Vanity Fair, it cost Carey $340,000 per week to manage the boat. This did not include the $40,000 for gas or to pay the salaries of the 16-member crew and private chef.
She’s also been known to spend $100,000 per month on exotic flowers while touring. Also while touring, Carey stays in luxury hotels such as the Plaza Athenee in Paris, which costs $15,000 per night, and the Corinthia Hotel in London in the Musician’s Penthouse for $12,615 per night.