What Is Ruben Studdard’s Net Worth? His Income Source

By Aarone Hernandez | Published on: February 29, 2024 | Updated on: February 29, 2024
Facts checked by editors at A-List Arena
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Ruben Studdard is an R&B vocalist who rose to fame after winning the second season of American Idol. After winning the title, there has been a huge growth in his professional career and net worth as well. Today, Studdard has already established himself as one of the millionaires of the nation. So, what are his income sources?

Here, we will dig into singer Ruben’s professional and financial upliftment. Along with this, we will also get to know about his income at present.

Key Takeaways:

  • Tom Studdard has a net worth of $5 million as of 2023.
  • Studdard won the title of American Idol in May 2003.
  • He has also worked as an actor in several television series which include, All of Us, Eve, and One in One.
  • Tom recently completed his 16-venue tour which was organized on the occasion of the completion of 2 decades of winning the American Idol.
  • The singer won $2 million in his lawsuit against his ex-manager Ronald W. Edwards.

What Is Ruben Studdard’s Net Worth?

Ruben has a whooping wealth of $5 million in 2024. The singer who initially started his path towards the field of music through gospel, today has made a huge name in the industry, also making it one of his major sources of income.

The second season of American Idol turned out as the base for Studdard’s further career. Ever since being a part of the show, the artist has been flourishing his name all over the world. The 44-year-old is still busy making debuts for several shows.

Studdard’s Net Worth Has Rapidly Grown Over The Years

It has been more than two decades since Ruben became the American Idol in 2003. From the very early days of his achievement, the singer has held onto every small opportunity in the field and has shown a rapid increase in his fortune ranging from $1m to $5m as of today.

Year Net worth
2023 $5 million
2022 $4 million
2021 $3 million
2020 $2 million
2019 $1.5million
2018 $1 million

Ruben’s Salary and Income Sources

Ruben falls into the list of very view personalities who gained success in a very short time in the industry. Actively working as a vocalist as well as an actor, the singer, and actor makes more than half a million a year as a regular income.

The singer is supposed to earn over $20,000 per month. Although gaining immense wealth and fame from a very early age, Studdard still has not stopped thriving and working hard in his field.

He has released a total of seven albums, the most recent one was out in 2018, Ruben Sings Luther.

Well, the major sources of income of the American Idol, Studdard are as follows;

  • Music Albums
  • Gospel performer
  • Musical Concerts and Tours
  • Movies
  • Television show

Read further to know more about his professional life.

Studdard’s American Idol Journey

During the auditions for the second season of American Idol, Ruben impressed the audience and was judged by singing Stevie Wonder‘s Ribbon in the Sky. His soft voice and personality made him gain the nickname, Velvet Teddy Bear during the show.

With his talent and love from the fans, Ruben won the contest over runner-up Clay Aiken in May 2003 finale. He made a name for himself as well as his hometown, Birmingham. He wore an attractive football jersey which has the area code of his hometown i.e., 205 printed on it.

How Much Cash Prize Did Studdard Win as the 2003 American Idol?

Ruben was seen nearly nowhere until he established himself as the winner of the second season of American Idol in 2003. Hence, as a reward for it, he was presented with the winning cash prize of $250,000. The first half of the prize money is presented when the winner signs their record deal and the other half is given as the record is released.

Similar to several other winners of the show, Ruben’s worth increased by more than a million until the end of a year after winning the show. Presently, the singer falls on the list of the top 20 most famous American Idol contestants in history. 

The contestant of the show starts getting wealthy rewards from the show far before winning it. According to Fox Business, the top 12 contestants receive paychecks depending upon the length of their shoot. Ruben too might have surely received the checks as soon as he made it up to the top 12 level.

His Professional Life After American Idol

Ruben tried his way into the music industry but was not successful until he won the competition. Years later after the second season, the winner stated,

A lot of people don’t realize how hard I was trying to get into the business before American Idol. I was making demos and just working so hard.

After the success of the show, Studdard recorded a cover of Westlife’s Flying Without Wings which was also his debut single. His first-ever single made Billboard’s Hot 100 debut. Ruben received a Grammy Award nomination in 2003 for Best Male R&B Vocal Performance for his recording of Superstar. Following the rock genre, his top-selling list also includes the gospel follow-up, I Need an Angel.

Ruben Won $2 Million in Lawsuit Against His Ex-Manager

Back in June 2006, the Grammy nominee singer won $2 million as a part of his lawsuit against his ex-manager Ronald W. Edwards for misappropriating his money and credit cards. He filed a case against Ronald and his promotions company, Sez Inc. in 2005.

Judge Scott Vowell made a verdict in his fever, awarding him $500,000 for his actual losses and another $1.5 million in punitive damages.

The Singer Saved Himself from a Huge Financial Loss During His Divorce

All of us have witnessed several famous personalities losing nearly half or more of their assets and earnings in their divorce settlement. But Ruben luckily saved himself from the loss. How did he do it?

Studdard officially divorced his first wife. Zuri McCant in the year 2012. During the verdict of the divorce case, the fact that the singer forcefully made his then-wife sign a prenuptial agreement came out. As an advantage to it, Ruben did not have to pay a single penny to his ex-wife for the settlement of the case. As they also did not share any children, he was also saved from paying child support.

Zuri had to return all the assets and accessories of her ex-husband which included his house, jewelry, and even her engagement ring. However, the cunning singer and actor only had to give a 2006 BMW, a $10,000 property settlement, and $2,000 to cover the fees of her lawyer. 

Studdard is Also an Actor

After shining bright in the musical field, Ruben, the former husband of Surata Zuri McCants has also made his way all over the television industry. He has worked as an actor in several series, out of which the best ones include, 8 Simple RulesLife on a StickAll of Us, and so on. Similarly, the actor has also made a cameo appearance in the film Scooby-Doo 2: Monsters Unleashed.

In 2013, Studdard also took part as a contestant on the fifteenth season of the weight-loss competition show, The Biggest Loser, and shed almost 112 pounds. Although the actor was eliminated in the 8th week of the show, he was eligible for the at-home title and the amount of $10,000 prize that came with it. 

List of Ruben’s Movies and Television Shows

A few of the movies and television shows, that the singer has been a part of are listed below;

  • 8 Simple Rules (2005)
  • Life on a Stick (2005)
  • All of Us (2005)
  • Eve (2006)

FAQs

Where does Ruben Studdard currently live?

Ruben is living his well-to-do life in Birmingham, Alabama with his new wife Kristin Moore-Studdard.
 

Where is Studdard originally from?

The singer originally comes from Frankfurt, West Germany.