Phil Spector is a well-known record producer, musician, and songwriter from America who developed the Wall of Sound. In 2008, he was ranked the second greatest record producer by The Washington Times in the entire music history. Let’s find out more about Phil Spector’s net worth in 2020.
Phillip Harvey Spector was born in the Bronx, New York City, on December 26, 1939, to a first-generation immigrant Jewish family.
His father was an ironworker from Russia who late committed suicide on April 20, 1949.
He went to Fairfax High School where he learned to play the guitar. While he was in school, he joined a community of aspiring musical artists and formed a group the Teddy Bears. Later, Phil Spector started learning record production under the guidance of Stan Ross who is the co-owner of Gold Star Studios.
Phil Spector first marriage was to Annette Merar who was the lead vocalist of the group Spectors. In 1968, he married again to the lead singer of the band the Ronettes, Veronica Bennett. The couple divorced in 1974.
In 2003, he was accused of killing actress Lana Clarkson in his mansion. The trial went for six long years and finally, on May 29, 2009, he was found guilty, and the jury sentenced him to 19 years in the California state prison system.
In 1958, Phil Spector started his career by forming a group the Teddy Bears and releasing his single “To Know Him Is to Love Him”. The song was ranked number 1 on the singles chart of Billboard Hot 100. He was also the co-writer of Ben E. King’s song “Spanish Harlem”.
He has also produced many hit songs including “Corrina, Corrina” which reached to the 9th position, “Pretty Little Angel Eyes” which made it to the 7th, “Be My Boy” by the Paris Sisters which made it to the number 56 and “I Love How You Love Me” which made it to the top 5 in the Billboard Got 100 chart list.
In 1962, he formed a new record company whose first single “There’s No Other (Like My Baby)” was a huge success. Later, the second single of the company “Uptown” made it to the 13th spot in the charts.
The company’s first song to hit the number 1 spot was “He’s a Rebel”. Some other popular songs of the company include “Not Too Young to Get Married”, “You’ve Lost That Lovin’ Feelin”, “Just Once in My Life”, “River Deep–Mountain High”, “The Long and Winding Road”, “Let It Be”, etc.
Awards & Achievements
In 2008, Phil Spector was named the second greatest record producer in the entire music history by The Washington Times. In the list of “The 500 Greatest Albums of All Time” by Rolling Stone, his three music albums Back to Mono (1991), A Christmas Gift for You (1963) and Presenting the Fabulous Ronettes (1964) were also included. Phil Spector is also the recipient of the Grammy Award for the category Album of the Year in the year 1971 for his album “Concert for Bangladesh”. In 1989, he was inducted into the Rock and Roll Hall of Fame and in the year 1997 into the Songwriters Hall of Fame.
Net Worth of Phil Spector
Phil Spector has an estimated net worth of more than $43 million. He made this wealth by producing and writing various hit songs and being as a record producer for many popular musical artists. He is also the co-founder of the highly successful record company Philles Records. The company has produced many hit songs on the Billboard top 100 charts which have accumulated millions of dollars over the past decade. His song “You’ve Lost That Lovin’ Feelin” has received the most US airplay in the entire 20th century.
Phil Spector was ranked 63 on the list of “100 Greatest Artists of All Time” by Rolling Stone for his contribution to the music industry. He is also known as the first auteur among the musical artists, and his influence has been claimed many great musical bands including the Beatles, the Velvet Underground, the Beach Boys, etc.