Introduction
New Edition is an iconic and long-running music R&B group, featuring members Bobby Brown, Ronnie Devoe, Michael Bivins, Ricky Bell, and Johnny Gill. The group rose to fame in the 1980s and became one of the biggest acts in R&B, and their music still resonates with fans today. With their decades-long career, it’s no surprise that the group’s net worth has grown significantly over the years. Let’s take a look at how much New Edition is worth today.
New Edition’s Early Career
New Edition started out in Boston in 1978, when founders Bobby Brown, Ronnie De Voe, and Ricky Bell were still very young teenagers. After recruiting Michael Bivins and Ralph Tresvant, the group was ready to start performing together. They began performing at local talent shows and at church events and soon landed a contract with Streetwise Records.
Their first single, “Candy Girl,” was released in 1983 and became a #1 hit on the R&B charts. This was the first of many hits for the group, including “Cool It Now,” “Mr. Telephone Man,” and “Can You Stand The Rain.” The success of these songs led to their first big tour, the “Candy Girl” tour, which brought them to venues throughout the United States and Canada.
New Edition’s Success
New Edition’s success continued throughout the 1980s and 1990s. They released several albums, including All for Love in 1985 and Heart Break in 1988, that solidified their place as one of the biggest R&B groups of the decade. The group’s music was featured in movies and on TV shows and they became icons of the decade.
In 1988, the group decided to disband and go their separate ways. Bobby Brown and Michael Bivins pursued solo careers, while Ronnie De Voe, Ricky Bell, and Ralph Tresvant formed the group Bell Biv DeVoe. However, the group reunited in 1996 and released Home Again, which went on to be certified double platinum.
New Edition’s Recent Projects
New Edition has continued to stay active over the years since their reunion. They released their eighth studio album, One Love, in 2004, and their ninth studio album, Twelve, in 2017. The group also appeared in the 2017 movie The New Edition Story, which chronicles the group’s rise to fame and the drama between its members.
The group is still actively touring and performing together. They have sold out venues throughout the United States, Canada, and the UK and have appeared at festivals such as Coachella, Essence Music Festival, and the BET Experience.
How Much is New Edition Worth?
New Edition has amassed a significant fortune over the course of their career. The group’s net worth is estimated to be around $50 million. Each of the group’s members is believed to have a net worth of around $10 million.
The group’s wealth can largely be attributed to the success of their albums and tours. The group has sold over 20 million records worldwide and has toured throughout the world. They have also earned money from endorsements and from their appearances in films and television shows.
New Edition’s Investments
The members of New Edition have also invested their wealth into various business ventures over the years. Most notably, Bobby Brown has invested in various real estate and business investments, including a nightclub and a record label. Michael Bivins has also started his own record label, Biv 10 Records, which has signed the likes of Boyz II Men and Busta Rhymes.
New Edition’s Philanthropy
New Edition has also been generous with their wealth, donating money to various charities throughout their career. The group has donated to the Make a Wish Foundation, the Boys and Girls Clubs of America, and the Boys and Girls Clubs of Boston. Through their donations, they have provided assistance to underprivileged children and families in need.
Conclusion
New Edition has certainly come a long way since their humble beginnings in the 1980s. They have become one of the most successful and influential R&B groups of all time, and their net worth reflects their tremendous success. They have made their fortune through their music, business ventures, and philanthropy, making them an inspiration to many.
I’m Kieran Walker, and I’m a Celebrity and Financial Expert. I live in Monaco, and I love helping people make the most of their money. Whether it’s through investments, or just making sure they’re getting the best deals on everything they buy, I want to help as many people as possible grow their wealth.
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