In August of the year 2022, Aaron Carter had a net worth of almost $400,000 USD. From Florida, Aaron Carter is a multi-talented musician who also raps, sings, writes songs, acts, dances, and produces music. A pop and hip hop musician who shot to stardom in the late ’90s, Carter became a major name in the early ’00s when his target demographic was still in their early teens.
Early Life
On the 7th of December 1987, in Tampa, Florida, Aaron Carter entered the world. They were a family of five: three sisters and a brother.
Both the Frank D. Miles Elementary School and the Ruskin School in Florida were on his academic radar. He began his professional music career at the juvenile age of seven, driven by an early and profound passion for music.
Aaron Carter’s Net Worth
| Net Worth: | $400 Thousand |
|---|---|
| Age: | 34 |
| Born: | December 7, 1987 |
| Gender: | Male |
| Height: | 1.83 m |
| Country of Origin: | United States of America |
| Source of Wealth: | Professional Rapper/Singer |
| Last Updated: | August 2, 2022 |
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A profession in the Music Industry
At age 7, Carter became the lead singer of the band Dead End and began his performance career. Two years later, in March 1997, he sang a cover of “Crush on You” by The Jets while opening for the Backstreet Boys and was signed to a record label, having already departed the band. Later that year, Aaron released “Crush on You” as a single, and it quickly became a hit in Australia. On December 1, 1997, he published his debut album, simply titled “.
” It quickly rose to the top of the charts in Norway, where it spent five weeks, and Sweden, where it spent six. Released on September 26, 2000, “Aaron’s Party (Come Get It)” is Carter’s second album. It reached position #4 on the “Billboard” 200 lists. The album went triple platinum, and its songs included “That’s How I Beat Shaq” and “I Want Candy.”
During this time, Aaron was the opening act for a number of concerts by the Backstreet Boys and Britney Spears, and he also appeared on a live Disney Channel event with Samantha Mumba in March of 2001. On Broadway, he made his debut the following month, in the role of JoJo the Who in “Seussical.”
Play Along Toys unveiled an Aaron Carter action figure in conjunction with the release of Carter’s 2001 album, “Oh Aaron,” which went on to achieve Platinum status. By the end of the year, Aaron had contributed to the soundtrack for “Jimmy Neutron: Boy Genius,” and by 2002, he had released both the DVD “Oh Aaron: Live in Concert” and his fourth studio album, “Another Earthquake!”
In the same year that Carter’s parents filed suit against his former manager, Lou Pearlman, claiming that Pearlman owed their son a sizable sum in unpaid royalties, the Backstreet Boys and *NSYNC also filed suit against Pearlman. Until 2018, Aaron had not released another album, although the second song from “Love,” “Sooner or Later,” had already been certified Gold in Italy and ranked #4 on the “Billboard” Spotify Viral 50.
Even though Carter was a young pop star, he was engaging in some shady behavior. No, Carter’s arrests for drugs made headlines, but his fans kept on bumpin’ his tunes even when he was dating Hilary Duff and Lindsay Lohan on and off.
A mishap with the Law: Aaron Carter
And because of the questions it created about his supposedly clean image, it hurt his record sales.
The labels were basically saying, “We don’t want to touch you, you’re dead and gone. As he put it, “Aaron Carter is dead. And I was all “no! Nope, not the way things are going to work out. I won’t give up until I win. It is not in my nature to give up now. I know that I will be successful. Whatever needs fixing, you can bet your f bottom dollar that I will get it fixed. There was no way he could have known he couldn’t fix it.
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How did Aaron Carter’s financial situation deteriorate?
When Aaron Carter was young and successful, he assumed his parents would take care of his finances as they should have. According to him, his parents owed him 15% of their earnings because of something called “Coogan’s Law.” But as Carter got older, he realized he wasn’t as well off as he should have been.
As soon as I reached 18, I inherited almost $2 million. At the very least, I should have been sitting on a pile of cash worth $20 million. Yikes! The fact that Carter still had a sizable tax bill to pay (about $4 million) only made matters worse. Unfortunately, my parents were not as attentive as they should have been to my needs as a child. They made many mistakes.
After much consideration, Aaron Carter filed for bankruptcy in 2013. As reported by CNN, Carter stated in his petition that he had less than $1,000 in the bank. The amount he claimed to owe was $3.5 million. When filing for bankruptcy, Carter had a meager $8,232.16 in assets. At his peak, he made a lot of money, and that’s where most of his debt came from.
Aaron owed the Internal Revenue Service (IRS) a total of $1.368 million. In addition, he disclosed that both his monthly income and expenses often amounted to $2,000.
Living with a relative at the time, Carter cited a $500 television, two MacBook computers, a Louis Vuitton backpack, and a $3,500 Breitling watch as his most expensive things.
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