Aaron Carter was a star in his own proper early on, having released a cover of The Jets’ Crush on You after acting it as a gap act for the Backstreet Boys back within the '90s. Soon after, it gave the look of Carter used to be on a roll with his profession. The singer went directly to unlock a number of more hit pop songs or even starred in a few films. Pretty soon, it changed into obtrusive that Carter was once making excellent money for himself, reportedly amassing an estimated net worth of $100 million.
Aaron Carter later one way or the other dropped out of the spotlight, and a number of other years later, printed he had been dealing with severe money issues. Now, fans are wondering exactly what went flawed, and the place his tens of millions went.
Updated on December 26, 2022: Since this text used to be in the beginning revealed, Aaron Carter has passed on to the great beyond. The updated content contains references to his net worth at the time of his passing and who stands to inherit his net worth, which failed to number within the millions but was greater than zero.
Aaron Carter Once Made Millions Per Year
As a child megastar, Carter used to be incomes so neatly, such a lot so that he in all probability outdid his pop famous person brother, Nick Carter, when it got here to net worth.
“No disrespect to my brother, but if Nick used to be 18 years old and I was 10 years outdated, I used to be just kind of starting to make quite a lot of cash,” Carter revealed whilst showing on Oprah: Where Are They Now — Extra.
“I revamped $200 million in my career sooner than I even grew to become 18 years outdated," Aaron revealed.
As a result of his fame and fortune (and his brother’s too), Carter’s family lived well. “We had this massive compound, with, like, 12 houses on it,” he said. “It was worth over $10 million, and I had paid a lot of that money.”
As a teen star, Carter may have been taking his music seriously, but he was also getting into some trouble. Carter’s drug-related arrests raised concerns about his supposed wholesome reputation, and this eventually affected his ability to make money from his music.
“Labels were like, ‘We don’t want to touch you, you’re dead and gone. There’s no more Aaron Carter,” he said. “And I’m like, no! That’s not how it’s going to be. I’m not going to give up. I’m not going to stop. I’m going to succeed. If something is broken, I’m going to f****** fix it.”
Carter Admitted To Lying About His Lavish Lifestyle
Back in 2019, Carter shocked his fans when he sent out a plea for money. The pop singer even started a GoFundMe campaign where he explained that he was trying to raise $100,000 just so he could leave California.
On Twitter, Carter further explained, “I created this GoFundMe to get myself a new home and out of California.”
How Did Aaron Carter Lose His Money?
When he was young and earning millions, Carter was under the impression that his parents were looking after his wealth since that is what they were supposed to be doing.
He explained, “Under the Coogan Law, [my parents] were supposed to be putting 15 percent of my money into my Coogan Account.” However, when he finally became an adult, Carter discovered that he had less than what he was supposed to have.
“I got, like, $2 million when I turned 18 years old. I should have had at least $20 million in my account.”
To make matters worse, Carter found out that he still owed a lot in taxes, around $4 million in tax liens to be exact. “There was a lot of neglect on my parents’ part. They didn’t do a lot of things right.”
In 2013, the singer made the decision to pay for bankruptcy. When he filed, Carter claimed he had less than $1,000 in the bank, according to CNN.
As of 2016, he was apparently only making around $33,000 per year. However, as of Carter's passing in 2022, it seemed he had, in fact, built up his net worth from the negatives; Carter was worth an estimated $400K at the time of his death.
Who Inherited Aaron Carter's Money?
When Aaron Carter passed away at age 34, he left behind his son, as well as his parents and two siblings. Though fans might assume his son would automatically inherit, it was unclear whether Aaron had any documentation stipulating his wishes.
At the time of Aaron's loss of life, his son's mom didn't have custody in their kid, both, and as the two were not married, that added complications to the distribution of his property.
ncG1vNJzZmivp6x7tbTErZ%2Bippeoe6S7zGifqK9dlq6zu81mmpqqpJq%2Fbr7EmqOlsV2hvLTAjKGgrGVhZX1uucilo6KnnmK7psCMsKarrJhk