Luis Miguel is a popular Latin singer who found fame and popularity during the 1990s. He is recorded as one of the most successful musical artists in the history of Latin America. His estimated net worth is reported to be $ 180,000 as of early 2021. This got us wondering, did Luis Miguel get that rich from his singing career or did he have other sources of income that helped him amass his vast fortune? We analyzed his personal and professional history to learn more about how he established his wealth and this is what we discovered.
His early years
According to Celebrity Net Worth, Luis Miguel was born Luis Miguel Gallego Basteri on April 18, 1970, the son of Luis Gallego Sánchez and Marcela Basteri in San Juan, Puerto Rico. His birth certificate incorrectly lists his date of birth a day later because his father waited a day to register the document after he was born. His mother was an Italian actress and his father was known as Luisito Rey, a Spanish guitarist, songwriter, and singer. His parents moved to Mexico when Miguel was still young. His father, who was a professional in the music industry, already had a plan for his young son. He wanted him to have exposure to the Mexican audience and he moved him to the country to market his talents. Miguel Luis began his career as a singer at the age of 11.
The musical career of Miguel Luis
Miguel’s father helped him establish his singing career. His first significant achievement was the album “Un Sol”, which was his debut album released in 1982 through the Mexican affiliate of EMI Records. The debut album was a huge success in Mexico and earned the 11-year-old a gold record award. This was the beginning of a very successful career that kept the young man continually working on album after album. The same year he released his second album “Directo al Corazón”, followed by “Ya Never Again” the following year. The same year he published “Decidete” and in 1984 “Word of Honor” was published. He also sang with famous country and western singer Sheena Easton the same year or performed “Me Gustas As Como Eres” as a duet. His music was spreading internationally. In 1985, Miguel released Fiebre De Amor ”after a Grammy award for Best Mexican American Performance the previous year with Easton when he was only fourteen years old.
A pause in his career
In 1986, Miguel Luis took a break from his musical career. His father had served as his manager, but there were tensions between the two. Luis was unhappy with the poor financial decisions his father had made. He also claimed that he had retained earnings and mismanaged his career. All of this came to a head and the two became embroiled in a family / business disagreement that resulted in Miguel taking a break from singing. It was a full ear before Miguel resolved the situation himself.
A Brighter New Manager and Career Options
Miguel Luis found a new manager and returned in 1987. That year he released “Soy Come Quiero Ser” and it sold more than 2.5 million copies. This was followed by another release in 1988 titled “Busca Una Mujer” with “La Inconditional,” which became a top-ten hit on the Latin American music scene. He went on to produce an album for a year in the early 1990s as he went from being a child singer to an adult.
Miguel achieved even greater fame when he performed duets with a variety of famous singers. He sang with Frank Sinatra, Natalie Cole and Stevie Wonder. He won multiple Grammy Awards and continued to produce albums annually, or at least every two years during the 1990s during the era of the explosion of Latin music.
Still producing music
According to Whats Their Net Worth, Luis Miguel has released a total of 22 albums with the most recent in 2017. He remains popular with Latin music enthusiasts and has also branched out into other areas of the music industry. Besides being a singer, he is also a composer. The interpretation of his works has allowed him the luxury of keeping all the copyrights that come from the sale of the songs. This has also helped contribute to his incredible net worth. His fame has spread throughout the world. He is also a record producer which is a lucrative business.
His acting career
Miguel Luis has also dabbled in the art of acting. He made his debut in this form of entertainment in the film “Ya Never Again” released in 1984. He also released an album that served as the film’s soundtrack. Then he appeared in the lead role in the 1985 film “Love Fever”. Your other professional activities …