Me and My Money: Macy Gray
By Lou Carlozo
CHICAGO (Reuters) - Ask Macy Gray about her net worth, and the Grammy-winning R&B singer and songwriter is not sure - though she is perfectly willing to help out with a little online research. She stops the interview to trawl celebritynetworth.com, where she plugs her name into a search engine and pulls up a number. A very large number.
"Wow!" exclaims Gray, 45, an Ohio native who calls Los Angeles home. "It says here I'm worth $38 million. But I don't know where they got that figure from, because I don't even know how to figure that out. But if it's right, I'd go cash that in right now and go shopping."
Gray debuted with the multiplatinum album "Oh How Life Is" in 1999, and musical stardom also translated into movie appearances in "Spider-Man" and "For Colored Girls." But her life as a star has not been perfect. Gray has weathered heartbreak (her husband, Tracy Hinds, left while she was pregnant with their third child, and substance abuse problems came to a head around the time she released 2003's "The Trouble With Being Myself.")
Gray says the partying years are behind her, though she loves gambling and played on the Bravo cable network's "Celebrity Poker Showdown" in 2006, capturing third place in her tournament.
While Gray takes to games of chance for fun, she is frank about her lack of prowess at picking stocks. Gray has learned what works for her financially, and sticks with it. She is a saver, and likes to put money aside so that it is not accessible to her.
With her new album, a reinterpretation of Stevie Wonder's "Talking Book," due October 30, Gray took time out to discuss the fine points of her financial life.
Q: How do you invest your funds?
A: I was never good at the whole stock thing so I quit a long time ago - before the crash. The thing that I did, and worked out well for me, is that my money goes straight to an account that I can't get to, unless emergency situations come up. Continued...