Bruno Mars’ Net Worth Reduced Due To His Gambling Debt ( Photo Credit – Instagram )
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American singer-songwriter Bruno Mars, known for his music versatility and stage performances, has grabbed the headlines for owing a massive debt to MGM. He has won multiple Grammy Awards throughout his career, in addition to several other honors in the field of music. But his vast debt will put a significant dent in his glorious fortune.
He was born Peter Gene Hernandez and then took up Bruno Mars professionally. Bruno was born and raised in Honolulu, Hawaii. He gained recognition in his childhood as an Elvis impersonator. The music artist moved to LA after high school to pursue his music dreams. Scroll below for more.
After moving to Los Angeles, he changed his name and added Mars to avoid being stereotyped as a Latin artist. Bruno Mars gained success for writing songs as well. He penned lyrics for Brandon Creed, Adam Levine, and Sugababes. He got his breakthrough around 2009 and 2010 after featuring in B.o.B’s Nothing on You and Billionaire by Travie McCoy.
Bruno Mars collaborated with famous artists like Lil Wayne and Snoop Dogg. His songs, such as Just the Way You Are, topped the charts globally. One of his most popular tracks is Uptown Funk.
His Earnings
In 2012, his album Unorthodox Jukebox sold more than 6 million copies. According to Celebrity Net Worth, Bruno Mars grossed around $156.4 million from touring worldwide in 2013. That same year, he earned $38 million without taxes and expenses. He was one of the highest-paid musicians in the world, according to Billboard. In 2014, he had a $60 million pre-tax income. Between 2026 and 2017 June, he earned another $40 million.
It increased more than double between 2017 and 2018 when he made $100 million. He was the highest-paid music artist of 2017. In 2018, he made around $50 million. His world tour, from 2017 to 2018, grossed over $300 million.
Real Estate
Nothing much is known about his purchases in real estate. However, he has a mansion in the Hollywood Hills, where he reportedly lives with his partner Jessica Caban and a Rottweiler named Geronimo.
Legal Controversies
Bruno Mars is a well-known music personality and is also not unknown to controversies. He was once arrested in Las Vegas for the possession of cocaine. He pleaded guilty and promised to stay out of trouble for a year. Mars paid a fine and had to serve 200 hours of community service. He also faced copyright lawsuits with older bands and was accused of borrowing too heavily from their work. His popular Uptown Funk is one such song that has been at the center of controversy.
Bruno Mars & MGM
As per NewsNation’s report, Mars announced a multi-year residency with MGM Resorts International in 2016 but has now piled up debts at the casino. The source estimated that the music artist owed $50 million to MGM as he entered his ninth year of residency there. The source claimed, “He owed millions to the MGM.” They added, “[MGM] basically owns him. He makes $90 million a year off of the deal he did with the casino, but then he has to pay back his debt.” The insider also claimed that Mars makes only $1.5 million per night after tax deduction.
Bruno Mars was always into gambling, and he opened up about it in 2013. He revealed he had gone to the Commerce Casino in LA before becoming famous.
His Net Worth
As per Celebrity Net Worth, Mars has an estimated wealth of $175 million. If the claim about his $50 million debt is valid, his net worth will be reduced to $125 million.
