As one of the most talked-about figures, Nat King Cole has built a significant fortune. Our team analyzed the latest data to provide a clear picture of their income.
What Was Nat King Cole's Net Worth?
Nat King Cole was an American singer and pianist who had a net worth equal to $27 million after adjusting for inflation at the time of his death in 1965. Technically, at the time of his death, Nat King Cole had a net worth of $3.5 million. Unfortunately, due to poor estate planning, after estate taxes and various other costs, his family (including 15-year-old daughterNatalie Cole) ended up receiving only $1 million (equal to $7 million in today's dollars) from his former net worth.
Nat King Cole's musical genres included vocal jazz, swing, and traditional pop. Thanks to "The Nat King Cole Show," he was one of the first African Americans to host a nationally televised show. During his career released 28 albums starting with his 1945 debut, "The King Cole Trio." Some of his more popular songs include "Straighten Up and Fly Right," "(Get Your Kicks on) Route 66", "The Christmas Song," "Nature Boy," "Mona Lisa," "Too Young," and "Unforgettable." Cole appeared in many films, including "Citizen Kane," "Kiss Me Deadly," "The Scarlet Hour," "St. Louis Blues," and more. His single "Unforgettable" won seven Grammy Awards, and Cole received a Grammy Lifetime Achievement Award in 1990. In 2000, he was inducted into the Rock and Roll Hall of Fame. Nat King Cole passed away on February 15, 1965, at 45 years old from lung cancer.
Nat King Cole was born Nathaniel Adams Coles on March 17, 1919, in Montgomery, Alabama. He grew up with three brothers and one half-sister. When Cole was four years old, the family moved to Chicago, Illinois, where his father, Edward Coles, became a Baptist minister. His mother, Perlina, worked as the church organist. Cole learned to play the organ from his mother, and his first performance came at the age of four. When he was 12, he began to take formal piano lessons and learned jazz, gospel, and classical music. Nat attended Wendell Phillips Academy High School. He participated in Walter Dyett's music program at DuSable High School. Occasionally, he would sneak out of his house and visit clubs in Chicago, sitting outside to hear the likes ofLouis Armstrong, Earl Hines, and Jimmie Noone.
Nevertheless, Nat continued to record hits that sold millions throughout the world, like "Smile," "Pretend, and "A Blossom Fell." In 1959, he won a Grammy Award for Best Performance By a Top 40 Artist for the track "Midnight Flyer." He also recorded three Spanish-language albums that were immensely popular in Latin America and the United States. Though musical tastes shifted in the 1960s, Cole remained popular. Some of his hits during the 1960s include "Ramblin' Rose," "Dear Lonely Hearts," and "That Sunday, That Summer." His final studio album, "L-O-V-E," was released in 1965 and peaked at #4 on the Billboard Albums chart.
His fame and popularity grew into the 1950s. By 1956, he had his own show on NBC called "The Nat King Cole Show," one of the first variety programs hosted by an African American. The program's 15-minute length was increased to 30 minutes in July 1957. However, the show suffered from a lack of sponsorship, which Cole attributed at least in part to racism.
(Photo by Terry Fincher/Mirrorpix/Getty Images)
In 1941, the King Cole Trio recorded the track "That Ain't Right." The next year, they recorded "All for You" and then "I'm Lost." Nat appeared in the first Jazz at the Philharmonic concerts in 1944. In 1946, the trio broadcast "King Cole Trio Time," a 15-minute radio program that was the first radio program hosted by black musicians.
When he was 15, Cole dropped out of high school to pursue a career in music. He formed a sextet with his brother Eddie and recorded two singles for Decca in 1936 as Eddie Cole's Swingsters. He toured with the musical "Shuffle Along" and ended up moving to Los Angeles to look for work. Nat began working as a piano player in nightclubs until a club owner asked him to form his own band. He did so, calling the band the King Cole Swingsters. They later changed their name to the King Cole Trio. In 1940, he recorded "Sweet Lorraine," and it became his first hit and also launched his singing career, as he had just been primarily an instrumentalist until then.
In the mid-to-late 1940s, Cole began performing more pop-oriented material, often accompanied by a string orchestra. His stardom grew as he recorded hit songs like "The Christmas Song," "(Get Your Kicks on) Route 66," "(I Love You) for Sentimental Reasons," and "Too Young," among others.
Ultimately, Nat King Cole's financial journey is a testament to their success.
Disclaimer: All net worth figures are estimates based on public data.