LIONEL RICHIE $11.4 million – Beverly Hills

American composer, singer, songwriter, and multi-instrumentalist Lionel Brockman Richie Jr. wasn’t born from a rich family, but his determination to make it into the music industry is what gave him the millionaire status and his $200 million net worth. His recordings as a solo artist and with the soul and funk band The Commodores made him one of the most successful balladeers in the ‘80s. Throughout his entire career, Richie was able to sell more than 90 million records, making him one of the world’s best-selling artists of all time.

He is happily spending his time in his $11.4 million, six-bedroom, ten-bathroom mansion in Beverly Hills. The estate features 18th-century furniture, a recording studio, and four garages. He originally purchased the property back in 1999 for an exact amount of $6 million. You wouldn’t need a finance degree to know that this purchase is a very profitable investment since it is now valued at almost double the price it was when he bought it.