Introduction
Blackbear is an American singer, songwriter, rapper, and record producer whose real name is Matthew Musto. He’s best known for his work as a solo artist, particularly his hit single “Hot Girl Bummer” and his two studio albums, Deadroses and Cybersex, both of which debuted at number one on the US Billboard 200 chart. But beyond his music, Blackbear has also made a name for himself as an entrepreneur, launching a record label, Beartrap Island, and a clothing line, Painkiller. With such a successful career, it’s no surprise that Blackbear has amassed a sizable fortune. So, what is Blackbear’s net worth?
Early Career
Blackbear began his career in the music industry as a songwriter, working with the likes of Justin Bieber and Dr. Luke. He also collaborated with G-Eazy and Mike Posner on the hit single “Boyfriend,” which peaked at number two on the Billboard Hot 100 chart. In 2011, Blackbear released his debut EP, Foreplay, which garnered him a significant amount of attention in the music industry. His debut studio album, Deadroses, was released in 2015 to critical acclaim and commercial success, reaching number one on the US Billboard 200 chart.
Breakthrough with Hot Girl Bummer
Blackbear’s career truly took off in 2019 when he released his hit single “Hot Girl Bummer.” The song peaked at number one on the US Billboard Hot 100 chart and was certified Diamond by the Recording Industry Association of America, making it one of the biggest-selling singles of all time. The success of “Hot Girl Bummer” propelled Blackbear to international stardom and opened the door to further success.
Successful Collaborations
In addition to his solo work, Blackbear has also collaborated with numerous artists on some memorable projects. He was featured on Machine Gun Kelly’s 2018 single “I Think I’m OKAY,” which reached number 27 on the Billboard Hot 100 chart. He also collaborated with David Guetta on the single “Stay” in 2020, and with Marshmello on the single “ONE THING RIGHT” in 2019.
Launching His Record Label & Clothing Line
In 2020, Blackbear expanded his pursuits outside of music with the launch of his own record label, Beartrap Island. The label, which is distributed by Republic Records, has already signed some big names in the industry, including Lil Skies, YBN Cordae, and Richie Rich. Blackbear also launched his own clothing line, Painkiller, which offers a range of apparel and accessories.
Blackbear’s Net Worth
Today, Blackbear’s net worth is estimated to be $5 million. The majority of this fortune has come from his successful music career, particularly his hit single “Hot Girl Bummer,” as well as his two studio albums, Deadroses and Cybersex. His record label, Beartrap Island, and his clothing line, Painkiller, have also contributed to his wealth.
Real Estate
Blackbear has invested some of his money into real estate, purchasing a $3.7 million home in Beverly Hills in 2020. The luxurious property features six bedrooms, six bathrooms, a swimming pool, and a fully equipped home gym. Blackbear also owns a multi-million dollar compound in the Hollywood Hills, which features a recording studio and five bedrooms.
Endorsements & Ventures
In addition to his music and business ventures, Blackbear has also earned money through various endorsements. In 2019, he became the face of the skincare brand Kiehl’s, and he’s also partnered with brands such as Alexander Wang, Beats by Dre, and Nokia. He’s also invested in several start-ups, including the cannabis delivery service Eaze and the online gaming platform Skillz.
Philanthropy
Blackbear is also an active philanthropist. He regularly donates to various charities, such as the Los Angeles Regional Food Bank, GLSEN, and the ACLU. He also supports social justice initiatives, such as the Black Lives Matter movement, and has donated to organizations that help children in underserved communities.
Conclusion
Blackbear is a multi-faceted artist who’s made a name for himself in the music industry and beyond. After starting his career as a songwriter, he launched his own record label and clothing line, which have both contributed to his wealth. His net worth is estimated to be $5 million, and he’s also invested in real estate, endorsements, and various start-ups. Moreover, he’s an active philanthropist who donates to several charities and supports social justice initiatives.
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