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Randy Travis’ Net Worth, Setbacks, and His Road to Recovery

Randy Travis' Net Worth, Setbacks, and His Road to Recovery

The now 60-year-old Country legend Randy Travis has an estimated $32 million of net worth. This was his collective earnings from his music albums, several acting projects, and book sales. He’s also done a couple of gospel recordings and concerts.

For the next few years of his life after the stroke in 2013, Randy Travis slowly recuperated. His fans around the globe are still waiting in anticipation for his comeback. But while the smooth, warm, and rich voice of Randy Travis heard over the decades has become something that we can only hear in tapes and old records, this does not strip the fact how far his success would have gone had he not been hospitalized.

A Look-back On His Musical Career

Hank Williams, Gene Autry and George Jones were the major influences in Randy Travis’ music. In 1985, he signed his first recording contract with Warner Bros.

It didn’t take long for Travis to make his name known in the Country music industry. His debut album, “Storms of Life,” peaked at number one on the Billboard Top Country charts. It was also certified as 3-time platinum by the RIAA. This peak in Travis’ young career was carried over to his second album, “Always and Forever.” This made him won a Grammy and the CMA’s Male Vocalist of the Year.

For the whole duration of his career, Randy Travis has released a total of 21 studio albums, 2 live albums, and 17 compilations. He also earned 6 Grammys, 10 AMAs and 9 ACM awards. By 2004, Travis was inducted in the Hollywood’s Walk of Fame and in 2016, he was inducted into the Country Music Hall of Fame.

Financial Difficulties

With his talent as a musical artist, Randy Travis grew to become one of the most successful singers in Country music’s history. Along with his fame were luxury properties and a good deal of wealth. Regrettably, Travis’ deteriorating health and hospitalizations caused him to slowly lose all of his hard-earned money.

Back in 2013, Travis was rushed into the hospital for emergency surgery. This was due to cardiomyopathy plus congestive heart failure. These complications soon led to Randy Travis’ stroke, incapacitating his speech and movements. Following the stroke, Travis was sent and checked into a physical therapy facility.

Too bad for Travis, he was not under any disability insurance policy considering the numerous health treatments. He didn’t avail any before because he thought that his voice was the only insurance he needed in life. Due to the lack of recouped advancements for royalties, Travis could no longer receive royalty checks from his label. Even his investments vanished.

As the waves of financial problems consumed Travis, he blamed his former wife, Lib Hatcher, who stood as his manager with Gary Haber. But in his memoir, Travis admitted that he was the main reason for the financial setbacks. He also blamed himself for letting others decide on his finances.

Flood of Support for Randy Travis

For Randy Travis, life is so much different now. This was evident during some of his live appearances. One of which is his appearance in a recent book signing at Barnes & Noble in North Dallas.

The ferocious thunderstorm on that day did not stop people from showing and lining up just to have their books signed and to meet in person the man who inspired them. People from across town, a different state and a couple that came from another country came to see the legend himself.

Mary Davis stood a few feet away from him. Those who recognized Randy Travis’ wife approached her and took some pictures and autographs. These were people who also had experienced what she’s been through; taking care of someone after a stroke. Davis was filled with mixed emotions when she saw the line grew longer and longer. This proves that people have not forgotten and are still in full support of Randy Travis’ legacy.