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Luis Miguel Net Worth

Luis Miguel Net Worth
Net Worth$180,000,000
Full NameLuis Miguel Gallego Basteri
Date of Birth/Age19 April 1970 (age 49)
Source of wealthSinger, Record Producer
Country of originU.S.
State/City of originSan Juan, Puerto Rico
Last Updated2019

What Is Luis Miguel’s Net Worth?

Luis Miguel’s net worth is $180 million.

How Did Luis Miguel Make His Money?

Luis Miguel is a singer, songwriter and international star. He is one of the most successful Latino singers in pop history.

He is an enormously popular performer who regularly sells out his albums and his live tours. His concerts are known for their huge crowds and the dazzling shows he puts on for his fans.

He is known as El Sol de Mexico (the Sun of Mexico).


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Album Sales

Luis Miguel was the first Latino artist to have two albums go platinum in the U.S. The albums were Romance and Segundo Romance.

His albums are all bestsellers even though he has consistently refused to sing in English. Luis Miguel sings a wide variety of musical types, including pop ballads, traditional Spanish boleros, jazz and mariachi.

Luis Miguel goes by his two first names only in the tradition of artists like Cher or Madonna, who are so well-known that they only need one name.

Concert Tours

Luis Miguel has his own headlining show at Caesars Palace in Las Vegas. He has sold out the National Auditorium in Mexico City over 200 times.

During his most recent concert tour, he visited 22 countries and performed in more than 220 shows. This made his tour the longest and highest-grossing tour for any Latino musician.


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Luis Miguel Early Life and Career

Luis Miguel’s parents are Luis Gallego Sanchez, a successful Spanish guitarist known as “Luisito Rey,” and Italian actress Marcela Basteri. He was born in Puerto Rico, but the family moved to Mexico when he was a child.

Early Life

Luis Miguel’s father encouraged his son’s musical talent from an early age. He emphasized discipline in every aspect of a musical career. Luis Miguel later said that his father made him watch concert footage of famous singers over and over to learn how they performed and how they won audiences over.

Luis Miguel’s father became his manager when he decided to pursue a professional singing career. Luis Miguel released his first album, Un Sol when he was only 11 years old. The album was a hit.

In 1984, at the age of 14, he won a Grammy Award for Best Mexican-American Performance for his duet with Sheena Easton, “Me Gustas Tal Como Eres.”

In 1985, he won second place in the international San Remo Music Festival. He continued releasing hit songs and albums.


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From Child Star to Superstar

In 1986, Luis Miguel’s mother disappeared. She was never found, and the case was never solved. That same year, Luis Miguel fired his father, saying that his father had mismanaged his money.

This act was the start of Luis Miguel’s transition from a child star to an adult star. He signed with Warner Records and hired top Mexican record producer Luis Calderon as his manager.

In 1990, he released his album 20 Anos. The name, which means “20 years,” refers to his age at the time.

The album sold over 600,000 copies in its first week. Two of the album’s singles, “Tengo Todo Excepto A Ti” and “Entrégate,” hit the top of the Latin Billboard Charts.


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In 1991, Luis Miguel hit true international stardom with his album Romance. This compilation of romantic ballads featured many songs in the traditional bolero style of music.

The album was a huge hit and won a slew of awards. It was the first Spanish-language album to debut on the Billboard 200. It also won two Billboard Awards for Best Latin Artist and Best Spanish-language Album.

He followed it with 1992’s Aries, which went platinum. This album was awarded the Grammy for Best Latin Pop Album of the Year.

In 1995, Frank Sinatra invited Luis Miguel to record “Come Fly with Me” for Sinatra’s Duets album.

His 1999 album, Amarte Es Un Placer, won two Latin Grammys for Best Album of the Year and Best Pop Album of the Year.


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2000 and Beyond

Luis Miguel took a break from recording for a few years. In 2003, he released an album of pop songs, 33. This was another album named for his age. His tour to support the album was one of the top-grossing concert tours of the year.

In 2004, he released Mexico en la Piel, a collection of mariachi songs. It was also a top seller and garnered a Latin Grammy for Best Ranchero Album.

Luis Miguel continued to release critically and commercially successful albums every year. He released a Christmas album that reached the number one spot on the Billboard Top Latin Albums. It was the only Christmas-themed album ever nominated for a Grammy.


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He has three children. He was in a relationship with fellow singer Stephanie Salas and they had one child, Michelle Gallego, born in 1989. He had a relationship with actress Aracely Arambula and had two children with her. Miguel was born in 2007 and Daniel was born in 2008.

He has never married. He is known as a ladies’ man who is frequently involved with various movie stars, singers and models. Luis Miguel claims that he likes to keep his private life out of the public eye, but he is often the subject of celebrity gossip columns.


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Fun Facts About Luis Miguel

When American troops arrested Saddam Hussein, they found a copy of Luis Miguel’s album Romance among his personal possessions.

Luis Miguel recorded the song “Sueno” for the Disney movie Hunchback of Notre Dame.

Luis Miguel is a wine aficionado. He owns a vineyard and produces his own wine named Unico Luis Miguel.


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Current Status

Luis Miguel shows no signs of slowing down. His 2018 album Mexico por Siempre won two Latin Grammys.

In 2018, both Netflix and Telemundo aired the biographical miniseries, Luis Miguel.

He maintains a heavy touring schedule and his shows continue to sell out.


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Favorite Quotes from Luis Miguel

“I think we all wish we could erase some dark times from our lives, but all of life’s experiences make you who you are. Erasing any of life’s experiences would be a great mistake.”

“The most enjoyable part of my career is performing live.”

Success Tips from Luis Miguel

“There are a lot of musical genres that I find interesting, but they just don’t work for me. It’s great to listen to different genres, but to perform a genre that isn’t yours is counterproductive.”