Bruno Mars possesses a significant amount of "24K Magic" when it comes to generating revenue. After years of success in the music industry, his net worth is staggering, and admirers are inquiring as to how he has accumulated his fortune.
According to Celebrity Net Worth, Bruno, who was born Peter Gene Hernandez, has a net worth of $175 million as of 2024.
When Bruno was a toddler, he began performing by imitating Elvis Presley. In 2004, he signed a contract with Motown Records and, five years later, formed the trio The Smeezingtons with Philip Lawrence and Ari Levine. Bruno also collaborated with other artists, while the three concentrated on composition and production. Some of their work was released as singles.
In May 2010, Bruno released his debut EP, It's Better If You Don't Understand, which was followed by his debut studio album, Doo-Wops & Hooligans, in October of the same year. It included the singer's breakthrough singles "Grenade" and "Just the Way You Are."
In 2011, the native of Honolulu, Hawaii, received his first Grammy Award for Best Male Pop Vocal Performance for "Just The Way You Are." Bruno has been awarded 15 Grammys as of 2024, three of which were for the esteemed Record of the Year.
Bruno has achieved eight No. 1 singles on the Billboard Hot 100 chart and is estimated to have sold 130 million records worldwide as a consequence of his prolific music career.
The 2014 Super Bowl Halftime Show entertainer made history in 2021 by becoming the first artist to receive five RIAA diamond-certified singles. She sold and streamed over 10 million copies of "That's What I Like," "When I Was Your Man," "Just the Way You Are," "Grenade," and "Uptown Funk!" with Mark Ronson.
Bruno entered into a two-year residency agreement at The Chelsea at The Cosmopolitan in Las Vegas from 2013 to 2015, In Touch Weekly reported.
He executed an agreement with MGM Grand Resorts in 2016. Bruno has alternated between performing at The Theater at MGM National Harbor in Maryland and the Park MGM in Las Vegas.
Bruno continues to perform at Dolby Live in Las Vegas, which was previously known as the Park Theater, as of 2024. Tickets are priced at approximately $350 each. It is estimated that he has earned approximately $114.3 million from his residency performances.
The "That's What I Like" singer "sold a portion of his 232-song catalog to publishing company Warner Chappell more than six months ago," according to a May 2021 report in Billboard. He continues to maintain a minority stake in the songs.
Bruno verified the transaction in a statement to the publication following its publication. “I began my career at Atlantic and it made sense to keep my business in the family, with the team who have supported me and grown with me,” he stated. “This is me doubling down with people I trust. We’re just at the beginning of the journey and there’s so much more to come.”
It is uncertain how much money Bruno earned from the sale.
Bruno was alleged to have accumulated over $50 million in wagering debt at MGM, where he maintains his residency, according to a March 2024 report by NewsNation.
According to a source who spoke with the outlet, Bruno earned $90 million annually from his performances before taxes, which reduced the amount to approximately $60 million. However, the majority of his profits were allocated to the repayment of his wagering debt.
MGM Resorts International informed Variety at the time that Bruno had "no debt with MGM" and that the allegations were "completely false."
