Aaron Carter Net Worth In 2023: How He Made and Lost $100 Million??
It takes time for money to accumulate. One must labor tirelessly through good times and bad to attain one’s life goals. Carter, on the other hand, had been connected to the entertainment world for years and had created unforgettable tunes. Carter was able to amass a king’s ransom via his years of hard labor in the entertainment business.
The American documentary/reality television program House of Carters (formerly The Carters) on E! is undoubtedly familiar to you. That’s basically about Nick Carter from Backstreet Boys reconnecting with his four brothers in Los Angeles—the Carter family stars, including Nick, Bobbi-Jo, Leslie, Angel, and Aaron.
The program provided an opportunity for the brothers to spend quality time together as a family while they were also working to revitalize their careers. The event did little to improve relations between the siblings. Since it has been well-documented that they do not get along, this is not surprising.
In particular, the Carter brothers seemed to have an irreconcilable chasm between them. The tensions influenced Aaron’s life choices in his family. As a result, it had an impact on his professional life. Unfortunately, it also had a negative impact on Aaron Carter’s wealth.
Curious about his professional background and fortune? Take a look below to learn all you need to know about him!
What Was Aaron Carter’s Net Worth In 2023?
American musician and actor Aaron Carter was worth $550,000 when he passed away. Like his elder brother Nick Carter, Aaron Carter entered the music industry in the late ’90s. To put it simply, Nick is one of the Backstreet Boys. In addition to “Lizzie McGuire” (2001), “Sabrina, the Teenage Witch” (2001), and “7th Heaven” (2004), Aaron has appeared in various television programs.
Gold certifications were awarded in Canada, Denmark, Germany, Norway, and Sweden for Aaron’s self-titled first album in 1997. It wasn’t until his second record, “Aaron’s Party (Come Get It),” that he became well known. The record went on to sell over 3 million copies in the United States alone, catapulting Carter into a worldwide tour.
To date, Aaron has sold over 10 million records globally and over 4 million in the United States alone. In addition to his work on “Dancing with the Stars,” Aaron has appeared onstage in “Seussical” and “The Fantasticks,” and he and his partner Karina Smirnoff finished in fifth place in the 2009 season of the ABC dance competition.
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Aaron passed away “intestate,” which means he did not leave a will. His identical sister Angel applied to be the administrator of Aaron’s estate some weeks after his death. She reported in late November 2022 that Aaron had a total of $550,000 in assets, including $200,000 in personal goods and $350,000 in real estate.
Selling my 2nd home. Real estate has been super good to me. Ready for a new chapter in my 3rd home which I plan on staying to make a beautiful life for my family. This year has been super tough but I’ve learned so much. Thanks for the support everyone. https://t.co/B1x66wMnvC pic.twitter.com/0FhQmNUuMZ
— AARON CARTER (@aaroncarter) October 29, 2022
In Tampa, Florida, on December 7, 1987, Aaron Charles Carter was born. Carter grew up alongside his elder brother, Nick Carter (of the Backstreet Boys), his older sisters, Leslie and BJ, and his twin sister, Angel. Their parents, Robert (who died away in 2017) and Jane, owned a retirement home.
Leslie tragically passed away in 2012 from a heroin overdose, only two weeks after Aaron had promised to foot the bill for her rehabilitation. Aaron’s parents took over management duties early in his career as a musician. He received his education at Frank D. Miles Elementary, the Ruskin School, and through tutors while on the road.
Career in Music
When Carter was only seven years old, he was already the lead vocalist of a band called Dead End. He broke up with the group after two years, and in March 1997, when opening for the Backstreet Boys, he did a rendition of “Crush on You” by The Jets, which got him signed to a record company.
After its release as a single later that year, Aaron’s “Crush on You” earned gold status in Australia. Released on December 1, 1997, his self-titled first album peaked at #5 in Norway and #6 in Sweden. In 2000, Carter released his second studio album, “Aaron’s Party (Come Get It),” which reached number four on the “Billboard” 200 list.
The album went triple platinum and produced the hits “That’s How I Beat Shaq” and “I Want Candy.” During this time, Aaron opened for both the Backstreet Boys and Britney Spears, and he also shared a concert bill with Samantha Mumba on the Disney Channel in March of 2001. He made his Broadway debut the following month, in “Seussical,” as JoJo the Who when he was only 13 years old.
Both the record “Oh Aaron,” which Carter released in August 2001, and an accompanying action figure by Play Along Toys were quickly certified platinum. Later that year, Aaron was included on the soundtrack for “Jimmy Neutron: Boy Genius,” and in 2002, he dropped his fourth studio album, “Another Earthquake!” and the concert DVD “Oh Aaron: Live in Concert.”
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In the same year that Carter’s parents filed suit against his former manager Lou Pearlman, the Backstreet Boys and *NSYNC also filed a lawsuit against Pearlman, saying that he owed Aaron a significant sum of royalties. The second song from Aaron’s 2016 album “Love,” “Sooner or Later,” was certified Gold in Italy and peaked at No. 4 on the “Billboard” Spotify Viral 50. And his last record, “Blacklisted,” was out only two days after he passed away.
Will Aaron Carter Go Bankrupt Soon?
This was not the end for him. His list of issues just kept growing. Observing the deterioration of his circumstances:
- In November 2013, he claimed $3.5 million in debt and filed for bankruptcy in Florida.
- Moreover, in his bankruptcy petition, he disclosed having just $8,232.16 in assets.
- The bulk of his responsibility stemmed from his
- In addition, he had a tax bill of $1,368 thousand only to pay the IRS.
- He also detailed his typical monthly income and expenses: $2,000 and $2,005, respectively.
- When he submitted the paperwork, he also said that he was staying with a relative.
- And said his only expensive possessions were a $500 TV, two MacBooks, a Louis Vuitton bag, and a $3,500 Breitling watch.
As a result of all that happened, Aaron Carter lost $100 million.