Joining the ranks of Bruce Springsteen, Bob Dylan, David Bowie and John Legend, singer-songwriter Neil Diamond recently sold his catalog of songs. On Monday, February 28, Universal Music Group announced that the group had acquired the entire music catalog as well as publishing rights to Diamond’s songs.
This deal includes songs, masters and music videos, an unreleased album and approximately 110 unreleased tracks. Additionally, according to Variety, the contract will also include any future songs the artist may record.
According to UMG’s press release, Diamond said,
“After nearly a decade in business with UMG, I am grateful for the trust and respect we have built together and I am confident that… UMG’s global team will continue to represent my catalog and future releases with the same passion and integrity that has always fueled my career.”
Neil Diamond’s net worth explored
According to data aggregated from several publications, Neil Diamond is worth around $175-300 million. With over 130 million sales worldwide, Diamond’s enormous fortune is attributed to his career as a Grammy-winning artist. The singer is said to have sold 49.5 million albums in the United States.
The 81-year-old singer-songwriter has 53 songs on the Billboard Hot 100 list with over 13 songs reaching the top ten positions on the list. At the same time, the list has three of his songs that peaked at number one. These tracks include You don’t bring me flowers, Cracklin’ Rosie and Song Sung Blue.
In 2019, Billboard also had Diamond at #25 on its list of “Greatest Artists of All Time”. Throughout his career of more than 60 years, 20 albums belonging to his musical catalog have been certified platinum by the RIAA.
Diamond albums like the 1980s The jazz singer have been certified Platinum by the RIAA an extremely impressive five times. Meanwhile, his compilation albums like 12 Greatest Hits Vol. II and Greatest Hits: 1966–1992 has been certified Platinum by the American RIAA on three occasions.
Besides his long music career, Neil Diamond has earned seven acting credits. He has also been involved in the music department of eight projects. In terms of real estate, the singing legend owns Blue Whale Estates in Malibu, which he reportedly bought in 2017 for the colossal sum of $7.35 million.
Although the amount of its recent deal with UMG has yet to be publicly disclosed, Diamond is expected to amass new fortunes from the sale. At the age of 81, Diamond suffers from Parkinson’s disease, which may lead to his fortune being given to the next of kin after the icon passes away.