Gloria Estefan Net Worth

What Is Gloria Estefan's Net Worth?

Gloria Estefan is a Cuban-American singer, songwriter, producer, actress, and entrepreneur. Gloria Estefan has a net worth of $500 million. Gloria Estefan is considered to be the most successful crossover artist in music history and has been a longtime resident of Miami, Florida.

Gloria Estefan first burst onto the collective musical consciousness in the early '80s as part of Miami Sound Machine. The group released a number of albums beginning in 1970 but became international stars with the release of their album "Miami Sound Machine" after signing with Discos CBS International in 1980. For the next eight years, they racked up hits in both English and Spanish, including the Top 10 tracks "Conga," "Words Get In the Way," "Bad Boy," "Anything for You," and "Rhythm Is Gonna Get You." Gloria Estefan became increasingly popular, and the band subsequently became her backing group rather than their own entity. Beginning in 1988, she took the airwaves by storm. Her first and second solo albums were huge successes, but she was then forced to take a year off to recover from a fractured spine after a semi crashed into her tour bus. She was able to make a full recovery and began performing again in early 1991.  She has since released 12 more studio albums, including 2013's "The Standards," and has earned seven Grammy Awards. She has also sold approximately 130 million records around the world and is the most successful crossover Latin pop artist ever. In addition to her recording work, she has also appeared in such film and television projects as "Music of the Heart," "Marley & Me," "Frasier," and "Glee."  She has also written two children's books and owns a number of Cuban-themed restaurants.

Early Life

Gloria Estefan was born Gloria María Milagrosa Fajardo Garcia on September 1, 1957, in Havana, Cuba. Her family fled to the United States during the Cuban Revolution. Her father joined the US Military, fought in the Vietnam War, and participated in the Bay of Pigs invasion; her mother worked as a school teacher for the Dade County Public School System. Upon his return from Vietnam, Estefan's father became ill with multiple sclerosis, attributed to the Agent Orange poisoning he had suffered in the war. Gloria became a naturalized U.S. citizen in 1974.

Gloria graduated with a BA in psychology and a minor in French from the University of Miami. For a time, she was a translator at the Miami International Airport in the Customs Department, and because of her language abilities, she was once approached by the CIA about a potential employment opportunity.

Singing Career

Estefan and her cousin Mercedes Navarro met Gloria's future spouse, Emilio Estefan Jr., in 1975 while performing in a church ensemble. Emilio had formed the band Miami Latin Boys earlier that year and had heard about Gloria through a mutual friend. Gloria and Mercedes impressed the Miami Latin Boys with their performances and were invited to join the band permanently, changing the band name to Miami Sound Machine. In 1977, Miami Sound Machine began recording and releasing albums and grew in popularity in the U.S. and around the world. The next year, Gloria and Emilio got married.

In 1984, the band released their first Epic/Columbia album titled "Eyes of Innocence," and their successful follow-up "Primitive Love" was released in 1985. This album launched three Top 10 hits on the "Billboard" charts: the instant hit "Conga," "Words Get in the Way," and "Bad Boy." They released the song "Summer Nights" that year, which was part of the wildly popular "Top Gun" film. Miami Sound Machine's next album in 1987, "Let It Loose," went multi-platinum and sold three million copies just in the U.S. alone. This one included arguably their most famous song, "Rhythm Is Gonna Get You." In 1989, they had worldwide chart success in "Anything for You." After that, the band dropped their group name, and Estefan has been credited as a solo artist ever since.

Later that year, Gloria released her best-selling album to date, "Cuts Both Ways." The album had several #1 singles, including "Don't Wanna Lose You"  and "Cuts Both Ways." While on tour for the album, Estefan was in a terrible accident when a semi-truck crashed into her tour bus during a snowstorm on March 20, 1990, near Scranton, Pennsylvania. Estefan was returning from a meeting with President George Bush to discuss her participation in an upcoming anti-drug campaign. She was airlifted to NYC for emergency surgery to stabilize her vertebral column. She recovered completely and went back to touring internationally just 10 months after the accident. In 1991, she returned to the charts with "Into the Light." Her single "Coming Out of the Dark" reached #1 in the U.S. The album was her highest debut, peaking at #5 on the "Billboard" album chart and going platinum in the UK and double platinum in the U.S. The next year, she performed in the Super Bowl XXVI halftime show. In 1992, she released her greatest hits album. She went on to release 12 more studio albums and has never truly wavered in her popularity amongst fans. In April 2020, Estefan released "Put on Your Mask," a parody of her 1989 hit song "Get on Your Feet." She changed the lyrics to reflect the importance of face masks during the COVID-19 pandemic.

Gloria Estefan is in the top 100 best-selling music artists of all time and has an estimated 130 million records sold worldwide; 31.5 million of those were sold in the United States alone. She has won seven Grammy Awards, and her music career has spanned over five decades. From 1977 to the present, Gloria Estefan has released 24 albums and has had 38 #1 hits throughout her career.

Other Work

Estefan has written two children's books, "The Magically Mysterious Adventures of Noelle the Bulldog" (2005) and "Noelle's Treasure Tale" (2006). The latter spent a week at #3 on the "New York Times" bestseller list. She also collaborated on a cookbook with her husband entitled "Estefan Kitchen." Published in 2008, the cookbook contains 60 traditional Cuban recipes.

Gloria has received countless awards for excellence throughout her career. In April 2014, it was announced that a Broadway musical about her life was planned for release. The musical, "On Your Feet," directed by Jerry Mitchell, premiered on Broadway in November 2015. It covered the life and career of the singer, including her early years in Miami and her recovery from her car accident in 1990. In June 2019, the show played in London's West End for three months.

Estefan has appeared in two films, 1999's "Music of the Heart" and 2000's "For Love or Country: The Arturo Sandoval Story." She also made an appearance in 2008's "Marley & Me." She appeared in the ABC TV special "Elmopalooza" in February 1998. She appeared as a guest mentor in April 2004 on "American Idol." She also guest-starred on the shows "Glee,," "The Next: Fame Is at Your Doorstep," and "One Day at a Time."

Personal Life

Gloria became romantically involved with Miami Sound Machine's band leader, Emilio Estefan, in 1976, and the couple married in 1978. She proudly admitted that Emilio Estefan was her first and only boyfriend. They have one son and one daughter, and the family continues to live in the Star Island section of Miami Beach, Florida.

Real Estate

In 1993, Emilio and Gloria paid $1.84 million for a 1.4-acre waterfront property in Miami on Star Island. For many years, Emilio's mother lived on the property. In 2013, after she died, the Estefans rented the guest house out for $30,000 per month. In 2015, they listed the estate for $40 million:

They did not find a buyer. In May 2020, they lowered the offering price to $27.5 million. On a bright note, the home finally sold in August 2021 for $35 million!

They own a second mansion on Star Island that is worth at least $30 million.