Net Worth: $35 Million
American singer, songwriter, musician and record producer has an estimated net worth $35 million.
In the late ’70s, when the fortunes of Motown Records seemed to be flagging, Rick James came along and rescued the company, providing funky hits that updated the label’s style and saw it through into the mid-’80s. Actually, James had been with Motown earlier, though nothing had come of it. After growing up in Buffalo and running away to join the Naval Reserves, he ran away from the Navy to Toronto, where he was in a band with future Buffalo Springfield members Neil Young and Bruce Palmer, and with Goldy McJohn, later of Steppenwolf. As the Mynah Birds, they signed to Motown and recorded, though no record was ever released. James had a journeyman’s career playing bass in various groups before signing again to Motown as an artist, songwriter, and producer. His first single, “You and I” (May 1978), topped the R&B charts and reached the pop Top 40. “Mary Jane” (September 1978) was another hit. Both were on James’ debut album, Come Get It! (June 1978), which went gold.
James Ambrose Johnson, Jr. was born on February 1, 1948 – August 6, 2004 in Buffalo, New York, United States.