Ray Parker Jr Net Worth (Updated 2025).
Ray Parker Jr., born in Detroit, Michigan, began his musical journey at a young age, playing guitar and writing songs. He honed his skills in the vibrant Detroit music scene of the 1970s, eventually forming his first band, “Raydio,” in 1977. The group gained traction with hits like “You Can’t Change That” and “Jack and Jill,” but it was Parker’s solo work that truly launched him into fame. In 1984, he composed the iconic theme song for the blockbuster film “Ghostbusters,” which became a global phenomenon and solidified his status as a music legend.
**Ray Parker Jr’s Current Net Worth (2025)**
As of 2025, Ray Parker Jr.’s net worth is estimated to be around $18 million, according to the latest available information. This figure reflects his successful career in the music industry and his various business ventures.
**Career**
Ray Parker Jr. is a renowned American musician, songwriter, and record producer. Born in Detroit, Michigan, he began his career in the late 1970s as a member of the group Raydio. In the 1980s, he gained significant solo success with hits like “The Other Woman” and “A Woman Needs Love (Just Like You Do)”. He also composed the theme song for the iconic film “Ghostbusters”.
**Other Ventures**
Parker has ventured into entrepreneurship, establishing his own record label, LaFace Records, in the early 1980s. He also founded Raysix Music Publishing, which manages his extensive catalog of songs. Additionally, he has invested in real estate, owning several properties across the United States.
**Assets**
Parker’s assets include a lavish estate in California, valued at over $5 million, and a luxurious home in Atlanta, Georgia. He also owns a collection of classic cars, including a vintage Rolls-Royce and a rare 1960s Mustang. His music catalog and publishing rights are among his most valuable assets.
**Annual Income**
Ray Parker Jr.’s annual income is primarily derived from royalties from his music catalog, including the iconic “Ghostbusters” theme song. According to recent estimates, his annual earnings from royalties alone can reach up to $1 million. Additionally, he earns from his record label and publishing company, as well as from occasional live performances and production work.
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Frequently Asked Questions about Ray Parker Jr
**Frequently Asked Questions: Ray Parker Jr. Net Worth**
1. What is Ray Parker Jr.’s net worth?
Ray Parker Jr.’s net worth is estimated to be around $18 million.
2. How did Ray Parker Jr. make his money?
Ray Parker Jr. made his fortune through his successful music career as a singer, songwriter, and guitarist. He is best known for his hit song “Ghostbusters” from the 1984 film of the same name.
3. What was Ray Parker Jr.’s breakthrough song?
Ray Parker Jr.’s breakthrough song was “Ghostbusters,” which became a massive hit and won him a Grammy Award for Best Pop Performance by a Duo or Group with Vocal in 1985.
4. Has Ray Parker Jr. won any other awards?
Yes, apart from the Grammy Award for “Ghostbusters,” Ray Parker Jr. has also been nominated for several other awards, including an Academy Award for Best Original Song for “Ghostbusters.”
5. What other songs has Ray Parker Jr. written?
Ray Parker Jr. has written and produced many songs for various artists, including “The Man with the Gold” for Shalamar, “I Can’t Hold Back” for Kenny Loggins, and “I Still Can’t Get Over Loving You” for The Temptations.
6. Has Ray Parker Jr. acted in any movies?
Yes, Ray Parker Jr. has made cameo appearances in a few movies, including “Ghostbusters” (1984), “The Return of the Living Dead” (1985), and “Sgt. Pepper’s Lonely Hearts Club Band” (1978).
7. What is Ray Parker Jr.’s record label?
Ray Parker Jr. has been associated with several record labels throughout his career, including Arista Records, Columbia Records, and his own label, Ray-Jay Records.
8. Has Ray Parker Jr. ever been married?
Yes, Ray Parker Jr. has been married twice. His first marriage was to actress Thalia Shire in 1978, and they divorced in 1981. He later married his second wife, Damaris Lewis, in 2013.
9. Does Ray Parker Jr. have any children?
Yes, Ray Parker Jr. has two children, a son named Robert and a daughter named Rayshon.
10. What is Ray Parker Jr. doing now?
Ray Parker Jr. continues to write, produce, and perform music. He also occasionally acts in movies and TV shows. In recent years, he has been involved in various musical projects and has performed at various events and concerts.