Paul McDonald won America’s hearts on the tenth season of American Idol, but his progress hasn’t stopped there. Since he was eliminated as the 8th finalist, he has maintained his position as the lead singer of Hightide Blues, which was renamed the Grand Magnolias in 2010. Now, Paul has an estimated net worth of $13 million.
The musical success of Paul McDonald started long before his time on American Idol. In 2005, he joined up with Jonathan Pears to begin writing songs together, which evolved into a full band with the addition of Cragon Sims and Rob Foster. The band self-produced their own album in 2008. The album thrived locally and online with their personal sales. However, from 2007 to 2010, the band continued touring around the country, performing with musicians such as the Zac Brown Band, Sarah Bareilles, and JJ Grey and Mofro. Between 2007 and 2010, Hightide Blues averaged around 150-200 shows per year.
The band decided to make the move to Nashville in 2010, and began a campaign to let their following of fans determine the new band name. In 2011, the band released its first album under the name The Grand Magnolias. However, the band’s sales soared after Paul decided to audition and pursue his dreams in the American reality show, American Idol. Since Paul McDonald gained more popularity, he took to social media to help expand his fan base and promote the sales of his band’s album.
Paul’s fortune and net worth would be much larger, if it had not been for his divorce settlement with now ex-wife Nikki Reed. The couple met at the red carpet premiere of Red Riding Hood in March 2011. Nikki and Paul were engaged in June 2011, and were married by October the same year. The couple’s divorce was finalized in mid-2015, which resulted in a loss of half of Paul’s net worth.