Nick Carter is a music icon showing brains, ambition, and killer dance moves. Here’s how this multi-hyphenate Backstreet Boy built a $35 million fortune.
Updated Jul 20, 2023
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Since the heyday of '90s boy bands, Nick Carter's career has been an exciting roller coaster ride. With an impressive net worth of $35 million, Nick’s fame as a Backstreet Boy transformed into a dazzling and varied career spanning music, TV, fashion, and charity work.
Joining the Backstreet Boys at just 12 years old, Nick was part of the group's massive success—releasing ten albums, bagging eight Grammy nominations, and having six top ten hits on the Billboard Hot 100 chart.
Nick went solo in music, appeared in TV shows like House of Carters, I Heart Nick Carter, Dancing with the Stars, and even became a judge on America's Best Dance Crew. Carter is married to Lauren Kitt Carter.
But how did Nick Carter amass such a large fortune? Join us as we dive into the juicy details of Nick Carter’s net worth.
January 28, 1980
American born in Jamestown, New York
Singer-songwriter, actor, musician, dancer, record producer, video director, and entertainer
Sources of wealth
Music and entertainment
Real estate, NFTs, and cars
Nickolas Gene Carter built his celebrity net worth through hustle, skyrocketing from just another face in the Backstreet Boys American boy band at a young age to become one of the most recognizable stars of the modern age.
To begin with, Carter made millions of dollars from his time with the Backstreet Boys and his solo albums like I'm Taking Off in 2010.
In 2002, Nick started his solo career, released his first solo album, Now or Never, and toured extensively with the Backstreet Boys. He released various hit singles and participated in TV, film, and stage productions with his younger brother, Aaron Carter.
In 2004, Carter appeared in the horror film The Hollow, and in 2006, he starred, and executive produced the E! reality series House of Carters with siblings Aaron Carter, Leslie Carter, Angel Carter, and Bobbie Jean Carter.
Nick made a cameo appearance in Seth Rogen’s This is the End before writing, acting, and producing the horror film Dead 7 in 2016.
Nick’s investments, have paid off, including brand deals and his film-making project that raised tens of thousands of dollars. His most recent endeavor took him to the front lines of the Metaverse, the Tampa Bay Bull Sharks of the SimWin Sports League.
Nick Carter earned over $90 million from music with the Backstreet Boys and won numerous awards. His solo album I'm Taking Off had four Billboard Top 40 hits and sold 20,000 copies in Japan in one week. His first album, Now or Never, gained gold certification in the U.S. and Canada, selling 500,000 copies in its first week.
In 1999, Nick Carter and the band released Millennium, which went 13 times platinum, followed by a massive deal they struck with JIVE worth $60 million in 2000. Overall, the Backstreet Boys have made $200 million in their career, which, if shared equally among all five members, would earn Nick Carter $40 million.
Aside from entertainment and music royalties, Nick also has endorsement and sponsorship deals with iconic brands like Pepsi, Target, and Chevrolet. On his social media accounts, he posts video updates regularly, which should earn him more money.
The singer turned his Evil Blessings project into a stunning success with a total of $156,000 raised through Indiegogo in 2013.
Celebrity endorsements can result in a direct sales increase of approximately 4% and an increase in the stock by 0.25%. Overall, investing in the entertainment industry could pay off in the long run.
In 2017, the Backstreet Boy made cool real estate gains when he sold his Hidden Hills property for $4.1 million just four years after buying it for $3.7 million.
That’s not all—Nick has quite the eye for luxury based on his palatial Las Vegas residence. It boasts five bedrooms, 6.5 bathrooms, and 8,200 square feet of living space, all acquired for $6.1 million.
Home prices rose by 42% from 2019 to 2021, and rental prices from October 2021 to August 2022 grew from $1,839 to $2,053. With this growth trend continuing into 2023, now seems like a good time to consider investing in commercial or residential real estate for the long term.
Nick Carter took the Metaverse by storm in 2022. The Backstreet Boys star officially acquired the Tampa Bay Bullsharks of the SimWin Sports League, making him one of many celebrity owners spearheading the future of the Metaverse.
SimWin has sold dozens of teams for seven-figure prices, and their NFTs prices range from $300 to $600. Nick is ready to show his mettle against the biggest names in the virtual sports game, including Jerry Rice, Marshall Faulk, and LaMelo Ball. The 22-person startup SimWin Sports has certainly caught the attention of investors with its $13.25 million in funding.
Estimated NFT revenue is $1.6 billion in 2023, but is projected to grow at 18.55% CAGR through 2027 to $3.2 billion—that's a 100% increase in just four years. If the U.S. is any indication, with its forecasted $781.9 million in 2023, you could be looking to rake in a fortune by investing in the best NFT marketplaces.
Nick Carter’s luxurious car portfolio features some of the most powerful and well-crafted high-end cars. It includes the classic Ford Mustang, McLaren 675LT, Cadillac Escalade, Range Rover, Ferrari F40, BMW i8, and Mercedes-Benz G550, offering a diverse lineup for any occasion.
Nick Carter owns the exotic McLaren 675LT, valued at $230,000 MSRP.
In conclusion, Nick Carter's life has been a testament to the resilience and hard work it takes to maintain a successful career in the music industry. From his early days as the youngest member of one of the most successful boy bands, the Backstreet Boys, to releasing four solo albums and developing a successful acting and reality TV career, his endeavors have undoubtedly contributed to his impressive Carter net worth.
Notable collaborations with artists such as Jordan Knight and projects like "A Very Backstreet Christmas" further demonstrate his dedication to his craft. Additionally, Carter's investment portfolio, which includes real estate, management companies, and NFTs, showcases his savvy business mindset.
Despite facing personal challenges such as substance and alcohol abuse, Carter continues to push forward, his determination and drive fueling his success. With the support of his three children, wife Lauren Kitt Carter, and fellow Backstreet Boys members such as AJ McLean, Kevin Richardson, Howie Dorough, and Brian Littrell, Nick Carter is set to keep thriving in the entertainment world for years to come.
As the American singer and little brother of the famous Carter siblings continue to balance his roles as a solo artist, actor, and entrepreneur, one thing is certain: Nick Carter isn't planning on quitting playing games anytime soon.
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