Kenny Loggins’s Net Worth: A Closer Look into the Legendary Musician’s Fortune
Kenny Loggins is a legendary American singer, guitarist, and songwriter who has a net worth of 16 million dollars. The legendary musician has made most of his fortune through his music career, which has lasted over five decades. He also won several awards, which not only elevated his status in the music industry but also contributed to his current fortune.
Kenny is a Grammy Award winner, having won two of those awards. He also received a Daytime Emmy Award and was nominated for a Golden Globe Award, Tony Award, and an Academy Award.
Career
Kenny has had a great music career. It is through this music career that he has managed to accumulate his current fortune. Despite his age, he is still active and continues to entertain his fans.
Finances
Kenny made most of his finances through his music. For instance, in 1996 he received 1 million dollars from sales of his album Yesterday, Today, Tomorrow. Three years earlier, he had also received another one million dollars for the album Return to Pooh Corner. In the ’70s, Kenny Loggins had made several millions stemming from the sales of his albums.
Despite making a lot of money through his music, Kenny struggled financially at one point. From 2000 to 2010, he went through several situations that negatively impacted his overall fortune. First, his divorce from Julia Cooper resulted in a drop in his fortune. He was asked to pay a huge amount of money as alimony.
Additionally, Kenny had invested most of his money in Equinox, which later turned out to be a scam. The two-time Grammy Award winner lost a big chunk of his money resulting in a negative impact on his net worth. The founder of Equinox was asked to shutter the organization and was barred from starting any organization in the future. Additionally, in 2008/2009, there was a financial crisis, and Kenny had not recovered from the several losses he had endured. However, since then, Kenny Loggins’s finances have stabilized, and his fortune has grown immensely.
Real Estate
Besides his successful music career, Kenny Loggins has made several real estate investments which have contributed to his overall fortune. For instance, while at the peak of his music career, Kenny bought the Ojai Ranch for 200, 000 dollars. He built a studio on the ranch and he recorded several songs at the studio. The ranch was later renamed Mother Lode Ranch, and he sold it in 1980 following his divorce from Jenny. The property is currently owned by actress Charlize Theron, and it is worth over five million.
Kenny sold a property in 2017 for 3.8 million dollars. He had initially listed it for 5.5 million, but after failing to find a buyer, he reduced the price. He owns a 2.945 million-worth property in Montecito; he bought it in 2016.
Philanthropy
Kenny Loggins loves giving back to society. His song We Are the World was recorded to promote the charity USA for Africa. Besides that, he has participated in several events that involve giving back to society.
