Ric Ocasek, also known by his stage name Richard Theodore Otcasek, was an American musician, record producer, singer and composer. In the later decades of the 20th century, he rose to recognition by founding the rock band “The Cars.”
The group included a co-lead vocalist, a songwriter and a rhythm guitarist. Over the course of his career, which spans more than five decades, he has won several awards. His most recent achievement was being inducted into the Rock and Roll Hall of Fame with the Cars.
Ric Ocasek Net Worth
Ric Ocasek net worth was $40 million at the time of his passing in 2019. He was an American music producer and musician. Together, he and his wife of thirty years, supermodel Paulina Porizkova, have a combined net worth of that amount.
It should be emphasized, however, that Ric’s will, which was discovered after his passing, indicated that he had not intended for Paulina to receive any share of his personal property apart from the marriage. His will said that among other liquid assets on hand, there was at least $5 million worth of copyrighted intellectual property. To preserve the seclusion of his family, the vast majority of his considerable fortune was kept in trusts.
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Ric Ocasek Biography
After first relocating to Cleveland, Ohio, where he attended and eventually graduated from Maple Heights High School, Ric Ocasek was born in Baltimore, Maryland. Following that, he enrolled at Bowling Green State University. After graduating from college, he was a member of Milkwood, a group that recorded one album for the Paramount label. After the album’s failure, the band’s record deal was terminated and they disbanded. Rick and the Rabbits, a new band he started, played regularly at a nearby restaurant. In the end, though, it was decided that their music was inappropriate for a family audience and they were fired.
The band Cap’n Swing, which eventually adopted the name The Cars, was co-founded by Ric in the late 1970s. The band had a great deal of success up until 1988 when they split up. The Cars have sold 23 million albums worldwide throughout their career. The majority of their songs were written by Ric Ocasek, who also played rhythm guitar and sang with them on lead vocals. Despite having a modest solo music career, he finally established himself as a skilled producer by polishing his craft on the band’s own recordings.
After The Cars split up, Ric went on to create successful albums for acts including Weezer, No Doubt, Black 47, Hole and Bad Religion. The Blue Album, the first studio album by Weezer, was produced by him and went on to sell 15 million copies globally. He also worked on Weezer’s third album, The Green Album, which achieved multi-platinum status.
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Ric Ocasek’s Personal Life
Ric Ocasek married three times throughout his life. In 1984, while working on the music video for The Cars’ song “Drive,” he met 18-year-old model Paulina Porizkova while still married to his second wife Suzanne Ocasek.
In 1988, Ric and Suzanne were divorced. In 1989, Ric and Paulina got married. Paulina signed an endorsement agreement with Estée Lauder the year before they got married, which earned her $6 million annually through 1995. She made a total of $42 million before taxes from that one deal alone, which is equivalent to almost $80 million when converted to today’s dollars with inflation. Although they had been “peacefully separated” since May 2018, they were nonetheless legally married until Ric’s passing in 2019.
Sadly, 75-year-old Ric Ocasek passed away on September 15, 2019.
In 1989, Ric and Paulina spent $2.5 million on a 6,000-square-foot townhouse in New York City. For $15.3 million, they put the townhouse on the market in January 2019. Additionally, they shared ownership of a 5.5-acre rural home in Millbrook, New York, 90 miles north of New York City, which they purchased in 1997 for $650,000.
American music producer and musician Ric Ocasek, who had a net worth of $40 million, died in 2019. As soon as he started out in the music business as a member of the Cars, he ruled the world with his love of music. He has produced multiple number-one hits for himself and other musicians, as well as seven solo studio albums. Stay tuned to our websiteNog Magazine.com for the latest updates.
Jessa Martin is the author of Nogmagazine, A professional in writing by day, and novelist by night, she received her bachelor of arts in film from Howard University and her master of arts in media studies from the New School. A Brooklyn native, she is a lover of naps, cookie dough, and beaches, currently residing in the borough she loves, most likely multitasking.