As a member of the Backstreet Boys, Nick Carter became one of the most famous singers in the world. The group was unstoppable in their prime, selling millions of records and selling out arenas in a hurry. Carter made tons of cash, dated beautiful women, and changed a lot over the years.
Naturally, people are still interested in seeing what Nick and the other members of the group are still up to. Not only has Nick become a father, but he has also been able to add to his impressive net worth.
Nick Carter sure knows how to make great money, and today, we are going to look at just how he does it!
Making Sound Investments
It seems like many people who make it to the top of the entertainment industry want nothing more than to have their money make money for them, and most people do this by making some savvy investments that will pay off down the line. Turns out, Nick Carter has made some investments over time.
Back in 2015, it was reported that Nick Carter and the other members of the Backstreet Boys had invested in a mascara company. Now, this may seem like an odd investment on the surface, but this is something that could have become exceptionally lucrative. The beauty industry hauls in buckets of cash each year, meaning that working with the right company will make any investor filthy rich.
What’s interesting to note here is that this is not the first time that Nick and the guys have had an interest in investing. In fact, E! reported that the group was considering investing in a convention hotel in Huntsville, Alabama as far back as 2000!
Huntsville is not known for being the coolest area around, so we have to wonder why the gang was so interested in developing the hotel, but it just goes to show that Nick and his fellow bandmates have wanted to expand their wealth for quite some time.
Being Larger Than Life On Tour
Investing is a sound strategy, but sometimes, it’s easier to stay tried and true to what has always worked. While many of the boy bands of the late 90s and 2000s have come and gone, the Backstreet Boys have remained strong, and as such, they continue to go on tour together and pack the house each night that they perform.
Back in 2018, for instance, the group held a residency at Planet Hollywood in Las Vegas, where they would generate over $15 million! That is a significant chunk of change for the guys, and this is all thanks to their fans now being older and having the means to head out to Vegas for a weekend of fun.
Never a group to remain stagnant, the Backstreet Boys have also continued to tour around the world, though things have been derailed this year given everything that is going on. Despite not releasing a chart-topping hit for some time, the group still has legions of fans that are willing to see them perform live, and this is quite lucrative for the gang.
Once venues are able to facilitate large crowds for live music once again, you had better believe that the group is going to reschedule their dates and hit the road once again. When they do, just know that they are going to tear the house down and make a ton of money while doing so.
Licensing Pays The Bills
Not unlike going on tour, there are certain familiar avenues for musicians to walk down to make a nice stack of cash, including licensing. This means having your song featured in a movie, television show, or a commercial, and the Backstreet Boys are no strangers to making some solid cash this way.
One of the most popular commercials that the group has taken part in was just last year when they teamed up with Chance the Rapper to promote Doritos during the Super Bowl. This pairing may have taken people by surprise at first, but many people seemed to enjoy the commercial, which did wonders for getting the Backstreet Boys back in the public eye.
The group has had their music featured in other media, and some time ago, they made waves when they appeared in the Seth Rogen film This Is The End. It was a collaboration that completely took people by surprise, and it wound up making the film even funnier than it already was.
Naturally, this stuff doesn’t happen for free, and we can only imagine how much the group was compensated by both Doritos and the production company behind This Is The End. While it may not have paid as well as a solid investment or a Las Vegas residency, it was another solid way for Nick Carter to pile onto his fortune.