Paul McDonald Net Worth
Popular singer and songwriter Paul McDonald is active in music business since 2005 but it was his appearance on American Idol in 2011 that was real break through in his career. As of 2015, McDonald’s net worth is only $13 million after it sustained a heavy loss after the divorce settlement with his ex wife Nikki Reed.
Although McDonald didn’t win American Idol and finished on 8th place, he remains one of the most successful finalists. He’s the lead singer of rock band named The Grand Magnolias (Hightide Blues before 2010). His income from music royalties is pretty large. Paul has also several side incomes. He for example appeared on one episode of Parenthood.
In 2011, McDonald met actress Nikki Reed on the premiere of Red Riding Hood in 2011. They fell in love and began dating. The relationship progressed with fast pace. The engaged and even got married the same year. But the idyllic romance didn’t last forever. In 2014, Reed filed for divorce. The divorce was finalized in January 2015 and as a part of settlement, Reed was given three cars: Range Rover, Toyota Tundra, Toyota Rav4; German shepherd dog Enzo; and what’s probably more important also three out of their four houses.
His ex-wife didn’t stay single for a long though. She’s already dating Ian Somerhalder, the handsome actor known as Damon Salvatore from The Vampire Diaries. Let’s hope Paul won’t worry too much and will move on with his life. Since he’s so talented and still has plenty of net worth left.
