Ronnie Devoe's Net Worth: How Rich Is The New Edition Star?

12 May, 2025

Ever wondered how some artists seem to effortlessly transition from teen heartthrobs to savvy business moguls? Ronnie Devoe's story is a testament to the power of talent meeting entrepreneurial spirit, culminating in a staggering net worth.

Ronnie Devoe, a name synonymous with the infectious energy of New Edition and the groundbreaking sound of Bell Biv Devoe, has carved out a remarkable legacy in the music industry. Born Ronald Boyd Devoe Jr. on November 17, 1967, in Roxbury, Massachusetts, his journey began when he joined New Edition in 1981, a pivotal moment that launched him into the spotlight. He was not the first, nor the last, but eventually Ronnie became the second to last member to join the band, Johnny Gill being the last one. Devoe's career trajectory exemplifies how talent, strategic business acumen, and adaptability can lead to enduring success. His estimated net worth stands at $15 million, a figure reflecting his achievements as a musician and a real estate entrepreneur.

Category	Information
Full Name	Ronald Boyd Devoe Jr.
Birth Date	November 17, 1967
Birth Place	Roxbury, Massachusetts, USA
Age (as of late 2024)	57
Occupation	Singer, Rapper, Entrepreneur
Height	5ft 8ins (1.73m)
Weight	Approximately 150lbs (69kgs)
Eye Color	Brown
Hair Color	Black
Marital Status	Married
Spouse	Shamari Fears-Devoe
Marriage Date	March 10, 2006
Children	Twin sons: Roman Elijah and Ronald III (born July 14, 2017)
Net Worth (Estimate)	$15 million (USD)
Primary Sources of Income	Music (New Edition, Bell Biv Devoe), Real Estate (Devoe Realty, Devoe Broker Associates)
Associated Acts	New Edition, Bell Biv Devoe
Real Estate Ventures	Devoe Realty, Devoe Broker Associates (Atlanta, Georgia)
Residence	Marietta, Georgia
Reference Link	Wikipedia

Devoe's musical journey began with New Edition, the 1980s boy band that took the world by storm. December 11, 2023 marked another reminder of the group's enduring popularity and influence. He wasn't the first member, but he was a vital component, contributing to the group's infectious energy and harmonies. The group's big break came in 1982 when they performed in a talent show, a moment that catapulted them into the limelight and set the stage for their meteoric rise. During their peak years, New Edition's record sales generated millions annually, contributing significantly to Devoe's early financial success. Some sources suggest that, based on the timeline of his career, he became a millionaire while still a teenager.

Following his success with New Edition, Devoe co-founded Bell Biv Devoe (BBD) with fellow bandmates Ricky Bell and Michael Bivins. BBD's fusion of R&B and hip-hop, epitomized by their hit "Poison," redefined the sound of the late 1980s and early 1990s. "Poison," released in 1990, not only topped the charts but also became a cultural phenomenon, solidifying BBD's place in music history. The album of the same name sold millions of copies, further boosting Devoe's financial standing and establishing him as a force to be reckoned with in the music industry. In recent years, reunions and ongoing activities with both New Edition and Bell Biv Devoe continue to contribute to his income.

Beyond the stage, Devoe has cultivated a thriving career in real estate. He owns Devoe Realty and Devoe Broker Associates, based in Atlanta, Georgia. This entrepreneurial venture demonstrates his business acumen and diversification of income streams. Devoe's real estate endeavors reflect his understanding of investment and wealth building, ensuring financial stability beyond the unpredictable nature of the music industry. It’s estimated that Devoe's net worth is $15 million and his wealth comes from various sources like album sales, tours, and business pursuits.

While some sources cite a lower net worth, closer scrutiny of Devoe’s career and assets suggests that $15 million is a more accurate reflection of his financial status. This figure considers his earnings from New Edition and Bell Biv Devoe, ongoing royalties, and income generated from his real estate ventures. It's important to note that celebrity net worth estimations can vary depending on the sources and methodologies used. Some estimations are as low as $500,000 or $3 million. However, these numbers appear to be outdated or inaccurate, failing to account for Devoe's consistent income streams and entrepreneurial endeavors. Even as of December 2020, some estimates placed his net worth at $15 million, a figure that has likely continued to grow.

Comparatively, other members of New Edition have also achieved significant financial success. However, Michael Bivins, with an estimated net worth of $40 million, stands as the wealthiest member. Ricky Bell's net worth is estimated at $1.5 million. Bell and Devoe are tied for second in the ranking with $15 million each. This places Devoe among the top earners in the group, a testament to his contributions and continued relevance in the industry.

On a personal level, Devoe is happily married to Shamari Fears-Devoe. The couple tied the knot on March 10, 2006. Some sources incorrectly state their marriage date as March 10, 2005, but the correct year is 2006. On July 14, 2017, Shamari gave birth to their twin sons, Roman Elijah and Ronald III. The Devoe family resides in Marietta, Georgia. The Devoe family serves as a grounding force in his life, motivating him to continue excelling in both his professional and personal endeavors.

In conclusion, Ronnie Devoe's journey from a young member of New Edition to a successful musician and entrepreneur is an inspiring one. His estimated net worth of $15 million is a testament to his talent, hard work, and business savvy. Whether on stage or in the boardroom, Devoe continues to make his mark, solidifying his legacy as a true icon in the entertainment industry and a smart businessman.

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