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Quincy Jones Net Worth 2020


Facts of Quincy Jones

Full NameQuincy Jones

How Much Is Quincy Jones’ Net Worth?

Quincy Jones, an American record producer, musician, composer, and film producer is the winner of 28 Grammy Awards and a Grammy Legend Award in 1992. Professional since 1952, Jones has worked with many famous celebrities including Michael Jackson, producing multiple albums for the legendary figure.

As of 2019, he owns the net worth of around $400 million; the main source of Quincy Jones is his career prominence of over 6 decades.

Well, the producer abandoned his studies to go with the tour with Lionel Hampton instead. And it resulted in a better career, showering him with a massive million dollars fortune.

Net Worth Details: Income Sources, Career & Earnings

Starting his career as a jazz arranger and conductor, Quincy Jones’ career major breakthrough was the job as a music director at Barclay, a French record company. Later Jones became the musical director of Irving Green, head of the record label named Mercury's New York division in the 1950s.

With his professional career journey of over 68 years, Jones not only made himself a legendary figure but also one of the most influential and wealthiest jazz musicians.

According to Celebrity Net Worth, Quincy Jones has an estimated net worth of $400 million as of June 2019.

American multi-millionaire celebrity Quincy Jones owns $400 million fortune
American multi-millionaire celebrity Quincy Jones owns $400 million fortune

Jones’ fortune is often compared with other multi-millionaire record producers like Rick Rubin ($250 million), Slash ($90 million) and DJ Khaled ($50 million).

Well, during the 1960s, the American personality arranged many veteran music personalities like Billy Eckstine, Ella Fitzgerald, Peggy Lee, Frank Sinatra, Sarah Vaughan, and Dinah Washington.

But his most acclaimed success is credited to his work with Frank Sinatra and then with legend Michael Jackson, earning him hefty sum and opportunities.

In 1975, Quincy founded the Qwest Productions and arranged the production for Frank Sinatra including the hit album with Count Basie, It Might as Well Be Swing (1964).

Also, having met Michael Jackson in the song production for the movie The Wiz (1978), he later began to work with Jackson and produced the late singer’s albums like Off the Wall (1979), Thriller (1982), and Bad (1987).

Quincy Jones and Michael Jackson
Quincy Jones and Michael Jackson

In 1990, his production company Quincy Jones Productions was reformed to Quincy Jones Entertainment in the joint effort with Time Warner. His company had signed a 10-picture deal with Warner Brothers and for the 2-series of the show The Fresh Prince of Bel-Air with NBC productions.

Apart from these, Jones earned numerous movie credits including Walk, Don't Run, The Deadly Affair, In Cold Blood, In the Heat of the Night, Mackenna's Gold, The Italian Job, The Anderson Tapes, and The Gateway.

For a fact, Jones never opened about his earnings or salary, though is claimed to have earned in the million dollars figure.

Endorsements, Instagram Earnings & Charity

For sure, Quincy Jones with massive fame does lure many brands for endorsement and promotion deals. The veteran probably charges a chunk of dollars for sponsorships though is yet to open up the details.

Well, the American music producer is an avid user of Instagram and Twitter with over 577K and 557K followers respectively. Online sources claim that the Instagram account of the Grammy winner personality can earn $1,719 - $2,865 per sponsored post.

Jones is an active social worker and has participated in various charity works. He has associations with over 21 non-profit organizations which include American Foundation for AIDS Research, Celebrity Fight Night Foundation, Global Down Syndrome Foundation, Children Mending Hearts, Prostate Cancer Foundation, We Are The World Foundation and many more.

In September 2018, Quincy joined the Jammcard, a musician network with a $1 million funding round.

Did you know? Following the American Music Awards in 1985, Quincy Jones drew the concern of major artists to record the song "We Are the World" which successfully raised $63 million for the victims of famine in Ethiopia.

Assets, Lifestyle & Expenses

The multi-talented personality with over multimillion dollars empire surely has a lavish lifestyle and owns an impressive assets collection. Surfing through his Instagram, Quincy seems to have a quality life and making expenses on costly clothing, food, accommodation, travels, and daily life luxury.

Currently, Jones lives in his house in Los Angeles, California, which is estimated to be worth millions of dollars. The median house price in LA is $686,100 accompanied by its insurance premium of $1,360 per year.

Quincy Jones' residence in Los Angeles
Quincy Jones' residence in Los Angeles

Back in 2005, he sold his Bel Air mansion in Los Angeles district, close to its asking price of $5.4 million. The property built in 1948 and spread on 5,500 sq. ft. is a 3-story house, it features 6 bedrooms and 8.5 bathrooms.

Apart from expenses on assets and luxury, Quincy also has to deal with tax payments, which of course is massive for the rich American music producer.

His Los Angeles house seeks 0.793% of its assessed value as property tax, while the revenue of $1 million takes away $468,500 as income tax, inclusive of 33.13% Federal tax, 2.97% FICA and 10.77% State tax.

His Fondness For Luxury Cars Have Built Him An Empire Worth $400

For a fact, the owner of $400 million empire never learned to drive automobiles and is yet to open up about his car collection. Well, it’s not a big issue for him to own lavish cars like Rolls Royce, Audi, Lamborghini, Ferrari & Mercedes.

Quincy Jones’ Personal Life: Age, Height, Family, Education, Married Life & Children

Born on March 14, 1933, in Chicago, Illinois, the USA, Quincy's birth name is Quincy Delight Jones Jr. He is famous for his nickname ‘Q’. His father Quincy Delight Jones Sr. was a semi-professional baseball player and carpenter from Kentucky and mother Sarah Frances was a bank officer and apartment-complex manager.

He attended Seattle's Garfield High School and even more, was offered a scholarship in Berklee College Of Music in Boston, Massachusetts. However, Quincy dropped the offer and went in the tour with Lionel Hampton.

Quincy Jones holds American nationality and is of mixed ethnicity. Back in 2006, in the program African American Lives, he tested his DNA which resulted in English, French, Italian, and Welsh ancestry in father's side while West and Central African descent on mother's side.

As of June 2019, Quincy’s age is 86 and has a height of 5 ft. 6 inches (169 cm).

Married Life, Wife & Children

Till date, Quincy Jones has been married thrice but divorced with all. Well, he is the father of 7 children with 5 different women. First, the music producer was married to Jeri Caldwell from 1957 to 1966 and even more, welcomed a son named Jolie Jones Levine, a jazz vocalist.

His second wife was Swedish actress Ulla Andersson. The duo married on October 17, 1968, but divorced on September 13, 1974. They welcomed a daughter named Martina Jones, a model and a son named Quincy Jones III, a music producer (born on December 23, 1968).

Quincy Jones with his ex-wife Ulla Anderson and son Quincy Jones III
Quincy Jones with his ex-wife Ulla Anderson and son Quincy Jones III

Following a day after his divorce with Andersson, Jones married his third wife Peggy Lipton on September 14, 1974. They became parents to actresses Kidada Jones (born on March 22, 1974) and Rashida Jones (born on February 25, 1976).

However, after 5 years of their relationship, the duo divorced on October 10, 1989.

Moreover, Quincy Jones also shares a daughter named Rachel with his affair with Carol Reynolds. In addition to that, his relationship with German actress Nastassja Kinski (1991-1995) and welcomed Kenya, a fashion model.

Aneurysm Took On His Trumpet Career

Quincy Jones, in 1974, suffered from a life-threatening brain aneurysm and a metal plate was placed in his head. Surely, he does have to set off at the airport but also can’t play trumpet any longer, which could dislodge the metal chip.

Interesting Fact: Jones was once a neighbor of Spanish painter Pablo Picasso, whom he met through their mutual friend.

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Updated On Fri Dec 13 2019 Published On Tue Jun 11 2019 By Chandra Rana Magar