How Much Money R.E.M. Prodigy Michael Stipe Earned From His Music Career, See His 2021 Net Worth

Musician, film producer, and R.E.M. former lead vocalist, Michael Stipe has been pursuing a very successful producing and musical career for a long time. As a result of his being a multitalented artist, his great fortune has been drawing the attention of his followers.

While Stipe was visiting the local record store, Wuxtry Record, he became friends with Peter Buck who was working in that store. Before they decided to found a band and produce music together, Stipe was a member of a local band named Gangster. He left his previous band and continued his musical career in his new band. Later, Bill Berry and Mike Mills joined them.

Stipe found the name of the band by randomly choosing letters from the dictionary. So the band’s name became R.E.M. and its legendary line-up consisted of Bill Berry as the drummer, Peter Buck as the guitarist, Mike Mills as the bassist, and Michael Stipe as the lead vocalist. Since their first single entitled ‘Radio Free Europe’ which was released in 1981, the band members gained great popularity and commercial success.

Michael Stipe Net Worth $75 Million

Michael Stipe is currently the richest former band member of R.E.M. with having $75 million net worth. After their debut single, the band released their first studio EP, ‘Chronic Town’ on August 24, 1982, and debut studio album, ‘Murmur’ on April 12, 1983. Since then, they released four albums, ‘Reckoning,’ ‘Fables of the Reconstruction,’ ‘Lifes Rich Pageant’, ‘Document,’ and ‘Green’ in four years.

The most successful and popular albums of the band were considered ‘Out of Time’ and ‘Automatic for the People.’ ‘Losing My Religion’ which was the lead track of ‘Out of Time’ became the best-selling hit and reached the top of many different charts. It was followed by six studio albums and the final studio album entitled ‘Collapse into Now’ on March 7, 2011.

R.E.M. preserved their popularity and commercial success until the band disbanded. In 2011, the band announced that they decided to disband R.E.M. saying that everything must have an end. Later, Stipe collaborated with different artists such as Peter Gabriel, Tori Amos, and Natalie Merchant with many more. He was also the producer of ‘Being John Malkovich’ and ‘Man on the Moon.’ With his remarkable career in R.E.M., collaborations, and producing career, it isn’t hard to guess that Michael Stipe is the richest former member of the band.