Phil Spector was an American record producer and songwriter who recently passed away. Phil made 24 albums which reached the Top 40 in the years between 1960 and 1965. Phil has produced a few songs for the Righteous Brothers, such as “Unchained Melody” and “You’ve Lost That Loving Feeling”, The songs would as of this day be one of the most coveted tracks ever as they are featured in films and covers. It was observed by BMI that “You’ve Lost That Loving Feeling” is the 20th century’s most played song. These two songs alone have produced royalties for Phil, the songwriters and the performers of more than $100 million. Spector created the most outstanding solo work of The Beatles song “Let It Be” and “Imagine” and “Instant Karma” by John Lennon the lead singer for most of The Beatle’s tracks. Lennon referred to Phil as “the greatest record producer ever.”
Phil Spector Net Worth is expected to be $50 Million
Spector is estimated to have had a whopping net worth of $50 Million as of the time of his demise, according celebritynetworth.com. In fact, his ownership of the most valuable royalty catalogues of music in the world may have a much higher net valuation on the basis of his current status as an artist. Majority of Spector’s net worth comes from his business of producing as he made most of the fortune off of royalty, seeing that to this date 2 tracks are used in the movie field.
Why was Phil Spector put in prison?
In the year 2003, Lana Clarkson died due to a bullet wound which was a result of her being shot in the face. Clarkson died at Phil’s mansion in California, and Spector later believed her death was an accident, or accidental suicide where he claimed she kissed the gun. However, Phil’s version quickly started to crumble. On the preliminary 9-11 call made after Lana’s murder, Spector specifically said, “I think I’ve killed someone.” Eyewitnesses have confirmed that Spector was seen coming out of the rear entrance with a firearm.
Spector’s trial began in 2007, and his case was ruled mistrial by an ambivalent jury later in the year 2007. While Spector continued his music career, in 2008 Spector was called for another trial of the case. This time, the jurors reached a verdict which declared Spector guilty. As a result, Spector was sentenced to 19 years in jail for life. Spector was mainly held as a prisoner at the California Health Care Center due to his declining health.
Spector died on January 16, 2021 after contracting Covid, he was 81 years of age when he passed away in prison. He is currently survived by Ronnie Spector and 4 kids.
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