(Daughters Trust Fund) Michael Bivins Net Worth 2024

Publish date: 2024-07-19
Site Logo Profile Michael Lamont Bivins

American Rapper and Singer

$45 Million $20 Million (33%) Real Time Net Worth
#71 in Rappers today

As of 2024, Michael Bivins has a net worth of $45 million. He transferred a lot of his money to the trust fund of his daughters and therefore Bivins wealth has shrunk lately. Yet he is still one of the richest rappers, according to Forbes.

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Daughters Trust Fund

Michael Bivins has four daughters: Savannah, Shilah, Starlah, and Sanaah Bivins. In the past few years, he has transferred $20 million to his daughters trust fund. Bivins said that he wanted to make sure that his daughters were financially secure for the rest of their lives.

His daughters have each gotten an equal portion of $5 million. This is made up of $4 million in land and real estate holdings and $1 million in cash. Michael Bivins’ net worth was severely damaged by this decision, but he doesn’t care.

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Income from Music

Song/AlbumEarnings
Poison$6.6 million
B.B.D.$5.2 million
Can You Stand the Rain$4.9 million
Hot Streak$3.6 million
Fire It Up$2.5 million
New Edition$2.2 million
Home Again$2 million
Street Dreams$1.8 million
Heart Break$1.5 million
Cool It Now$1 million
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Real Estate Assets

  • $5 million waterfront villa in Sarasota, Florida, bought in 2018 and sold in 2023 for $6 million, generating annual rental income of $150,000.
  • $4 million penthouse in Chicago, purchased in 2020, currently rented out with an annual income of $120,000.
  • $3 million mansion in New Orleans, acquired in 2019.
  • $2 million countryside estate in Lexington, Kentucky, bought in 2021.
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    Stock Market Investments

    Michael Bivins’ wealth includes an $8 million stock portfolio. This portfolio has investments of $1.5 million each in Chevron and Pfizer Inc., $1.2 million in Coca-Cola Company, and $1 million in Johnson & Johnson.

    Bivins also owns $800,000 worth of stock in Bristol-Myers Squibb. His investments make about $250,000 a year in dividends, mainly from Chevron and Pfizer.

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    Michael Bivins Net Worth 2024

    Full NameMichael Lamont Bivins
    Net Worth$45 million
    Annual Income$8 Million
    Music Royalties$3.6 Million
    Earnings per Concert$250,000
    Business Profits$1.5 Million
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    Quick Facts

  • Michael Bivins is a founding member of the R&B group New Edition.
  • He also co-founded the group Bell Biv DeVoe.
  • Bivins was born on August 10, 1968, in Boston, Massachusetts.
  • He began his music career in the early 1980s.
  • New Edition’s debut album, Candy Girl, was released in 1983.
  • Bell Biv DeVoe’s debut album, Poison, came out in 1990.
  • Bivins has also worked as a producer and manager.
  • He played a role in launching the career of artist Bobby Brown.
  • Bivins is known for his distinctive voice and charismatic stage presence.
  • He has been involved in various philanthropic activities and business ventures.

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