The late Judy Garland was an American actress, singer, and vaudevillian. Talking about her net worth, it is sad and unfortunate that she died with a net worth of $40 thousand at that time yet she had a successful career and had earned over $400 thousand during her career years. Adjusting for inflation, her career earnings were nearly $100 million.
However, mismanagement, trust, friends, and family worked against her financial well being and led to her dying with a very small net worth compared to what her career was earning her. Read on as this post will share more about who Judy Garland is and other details about her finances and career.
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Who was Judy Garland?
Judy Garland was a successful woman who had reached an admirable career success that many people can only wish. At her peak, she was regarded among the most successful actresses in the world. She was also a successful singer as her time required actress to also know how to sing as this added to their value.
Talking about her early life, Judy Garland’s birth name is Frances Ethel Gumm and she was born on June 10, 1922. She was born in Grand Rapids, Minnesota and was raised by vaudevillian parents.
Even at her young age, Judy had already expressed her interest in dancing and singing. She would perform alongside her siblings during their childhood ear and this helped her in gaining confidence to perform.
Judy and her family then relocated to Lancaster, California, which put her close to Hollywood and the pressure to build a career as a Hollywood star started picking on her.
Judy Garland’s Caree
Judy and her sister were the Gumm Sisters and by 1928, they had began performing together in different television segments. They then changed their name to the “Garland Sisters.” At one point, Judy was singled out by songwriter Burton Lane and was given a contract.
However, she was only 13 years but her acting and singing talents were an opportunity for financial success for MGM. She was then scheduled for different projects including appearing in films such as “Babes in Arms,” “Loves Finds Andy Hardy,” etc. The scheduled were so tight to the extent that she would be given amphetamines to keep her awake.
She then landed a breakthrough role in 1939 after she got the lead role in “The Wizard of Oz” and it went on to become her most career defining role. Besides, she sang “Over the Rainbow” and this added to her limelight.
She then transitioned to adult roles and kept on taking more projects.
Judy Garland’s Net Worth and Financial Crisis
At the time of her death, Judy’s net worth was $40 thousand which when adjusted for today’s inflation is over $300 thousand. However, she had earned nearly $100 million in today’s value.
Unfortunately, Judy experienced financial problems that ate into her wealth. Her generosity and mismanagement lead to her financial crisis. Moreover, her agents mismanaged her assets and led her to owe IRS. She felt into debt that cripped her finances at the time of her death.