Sly Stone Net Worth: How Did He Amass His Fortune?

If you want to know about the personal and professional life of your favourite Sly Stone, then it’s good news you are on landing on the right page. Find out the Sly Stone Net Worth.

In this article you will come to know about the net worth of Sly Stone, how rich is he? who is her wife? how many children does Sly have? So, let’s get started.

Who is Sly Stone?

Sly Stone is an American musician, songwriter, and record producer who is best known for being the lead singer of Sly and the Family Stone. As a member of the group, he was inducted into the Rock and Roll Hall of Fame in 1993.

At the 2006 Grammy Awards, he took part in a tribute to Sly and the Family Stone. This was his first live show since 1987.

Name Sylvester Stewart or Sly Stone
Birth March 15, 1943
Profession Musician, songwriter, and record producer
Nationality American
Relationship with Kathy Silva
Children Two

Early Life of Sly Stone

Sly Stone was born on March 15, 1943, before the family moved to Vallejo, California, in the North Bay of the San Francisco Bay Area. Sly was the second of the family’s five children.

During his time in elementary school, Sylvester was often called “Sly.” Early on, a classmate misspelt his name as “Slyvester,” and he’s been called that ever since.

sly stone net worth

K.C. and Alpha Stewart raised him. As kids, Sylvester, his brother Freddie, and their two sisters, Rose and Loretta, were known as “The Stewart Four.”

Loretta, the oldest sister, was the only Stewart child who did not go into music. All of the other Stewart children, including the youngest, Vaetta (“Vet”), took the last name “Stone” and became interested in music.

After high school, Stone went to Solano Community College in Vallejo to study music.

Career Highlights of Sly Stone

In the middle of the 1960s, Stone worked as a disc jockey for the soul radio station KSOL in San Francisco, California. On his playlists, he played music by white artists like The Beatles and The Rolling Stones.

During the same time, he worked as a staff record producer for Autumn Records. He worked with bands like The Beau Brummels, The Mojo Men, Bobby Freeman, and Grace Slick’s first band, The Great Society, which were mostly white and from the San Francisco area.

In 1966, Sly was on stage with his band Sly and the Stoners. Cynthia Robinson played trumpet in the band. His brother Freddie was working with Greg Errico and Jerry Martini in a band called Freddie and the Stone Souls.

One night, the two of them were standing in a kitchen when they decided to combine their bands and add Larry Graham.

Sly and The Family Stone

Sly and the Family Stone were one of the first groups to play funk music in the late 1960s and early 1970s. Their mix of R&B rhythms, catchy melodies, and psychedelic sounds made a new mix of pop, soul, and rock.

sly stone net worth

After releasing A Whole New Thing in 1967, which didn’t do very well, Sly & The Family Stone had their first hit single with “Dance to the Music,” which was later put on an album with the same name (1968).

By the summer of 1969, Sly & The Family Stone were one of the biggest names in music. Before the end of the year, they released two more top-five singles, “Hot Fun in the Summertime” and “Thank You (Falettinme Be Mice Elf Again)”/”Everybody Is a Star,” and they played at Woodstock. When Bob Marley and his band, The Wailers, came to the U.S. for the first time in 1973, they opened for Sly and The Family Stone.

Stone went on to record four more albums as a solo artist. Only High on You (1975) was released under just his name; the other three were released under the name “Sly & The Family Stone.”

Stone also worked with Funkadelic on their 1981 album The Electric Spanking of War Babies, but this didn’t help his career.

In the early 1980s, Sly Stone and Muruga Booker worked together on a George Clinton/Funkadelic family project called “The Soda Jerks.” They recorded an album’s worth of music, but only one song has been released. Muruga still wants to release the project’s materials, though.

What is Sly Stone’s Net Worth?

Sly Stone has an estimated net worth of $500 thousand as of 2022. Most of his money came from the hard work he put into making songs that were very popular around the world.

Because of his music career, he became well-known and made a lot of money. Stone has also won a number of awards and done other great things in his work. Most importantly, his work gave him a lot of respect and made him well-known.

In 2009, the documentary Coming Back for More talked about how bad his money situation was.

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Why did Sly Stone have to face a Financial Crisis?

When Sly sold his music publishing rights to Michael Jackson for $1 million in 1984, it turned out to be a big mistake. Even though $1 million was a lot of money in 1984, it was only a small part of how much his rights would have been worth over the next 30 years.

Tragically, it was found out in 2011 that Sly was broke and living in a van that he parked in different places in South Central Los Angeles. Stone made friends with a local family who let him use their home to shower and eat.

Sly Stone’s lawsuit over royalties

Sly has had serious money problems since 1989, when his business manager, Gerald Goldstein, stopped sending him royalty checks out of the blue. He started a lawsuit that took more than three years to finish.

sly stone net worth

In January 2015, a jury in Los Angeles gave Sly $5 million because he broke a contract. Half of the judgement was given to Even St. Productions, a company that filed for bankruptcy in 2013. The other half was charged to his former bosses, who have said they will try to change the decision.

Why Did Sly Stone Get Homeless?

It was said that Sly Stone, the genius behind Sly and the Family Stone, was living in a white van and was homeless in Los Angeles.

According to the New York Post, the music star had lost a lot of money because he used drugs, didn’t run his business well, and lived a lavish lifestyle.

During the 1960s and 1970s, Stone reportedly lived in a 5,432-square-foot mansion in Beverly Hills, where he hosted parties for musicians like Janis Joplin, Stevie Wonder, Jimi Hendrix, Miles Davis, and Etta James.

In the same way, his collection included a London cab, a purple Jaguar XKE, a gold Studebaker, and Hummers.

Who is Sly Stone’s Wife?

Reports say that Sly Stone married his wife Kathy Silva, who was a model and actress at the time, in 1974. Sylvester Stewart Jr., who was born in 1973, is also their child.

sly stone net worth

He also has a child with his ex-wife, Cynthia Robinson, whose name is Sylvyette. At the time this was written, nothing else about his personal life was known.

Frequently Asked Questions

Did Sly Stone’s Neck get broken?

Sly shuffled on stage with his back hunched and his neck bent because he had fallen at home.

What was Sly Stone addicted to?

Sly Stone was addicted to cocaine and sedatives.

What does the Star of David mean to Sly Stone?

Sly Stone wore a Star of David, which he called a “Star of David Kapralik” out of respect for his manager.