Kenny G. Is Wealthy, But Not Because Of His Music

Born Kenneth Gorelick, saxophonist Kenny G. landed his first gig at the age of 17 as a musician for Barry White’s Love Unlimited Orchestra. He attended the University of Washington, where he majored in accounting so he would have a career to fall back on if his music career didn’t pan out. Fortunately for him, it did. Kenny G. caught the ear of Clive Davis, who signed him to a deal with Arista Records in 1982. The rest, as they say, is history. He has a net worth of $100 million, but is it all from music? The short answer is no. In the early 1980s, Kenny was introduced to a Seattle entrepreneur named Howard Schultz, who had just acquired a coffee chain called Starbucks. Kenny’s uncle just happened to be one of the early backers of the chain, so Kenny took some of his money and bought a few shares himself. While his shares of the coffee giant have earned him some big bucks over the years, Kenny didn’t stop with Starbucks. He also invested in Apple, Microsoft, and United Airlines. Today he spends his mornings at his computer trading blocks of shares of the roughly 30 he has in his portfolio. He’s clearly good at investing, because it turns out that his net worth is made up primarily of money he made from stock trading, rather than from his musical career. So, it seems that Kenny now has music as his backup in case the stock thing doesn’t work out.