Usher’s Secret to Wealth Revealed: How He Stayed Financially Smart from a Young Age

Usher was conscious of his spending habits from a young age even as a star on the rise. When Usher debuted his first album at 15 — his self-titled debut album, “Usher,” was released on Aug. 30, 1994 — he earned more than most teenagers but resisted the urge to spend on luxury fashion and jewelry. ATLANTA, GEORGIA – JULY 07: Usher attends the 2022 Beloved Benefit at Mercedes-Benz Stadium on July 07, 2022 in Atlanta, Georgia. (Photo by Marcus Ingram/Getty Images) Money Minded Instead, as reported by CNBC’s “Make It” on July 24, he took a more prudent approach to his finances, focusing on long-term stability over immediate gratification. “Surprisingly, I was never extravagant with my finances,” he said. Of course, Usher has purchased items like cars and jewelry, typical for many celebrities to maintain their lifestyle. However, he remained dedicated to building a solid financial portfolio and generational wealth. The singer‘s passion for promoting financial literacy among young people led to the creation of his nonprofit, Usher’s New Look (UNL). Since 1999, UNL has provided grade school and college students with essential financial education and guidance to prepare them for the future. The organization offers a 10-year program...