Amid Dire Financial Struggle, Randy Travis Sells Condo
Randy Travis / Instagram
Randy Travis was one of the best-selling country singers at the height of his career. With 58 singles and over 20 studio albums, Randy’s voice within the world of country music rang loud and clear – and helped bring him to the absolute height of fame, fortune, and stardom.
In a candid interview, Randy, his wife Mary, and author Ken Abraham spoke openly about Randy’s dire financial situation and how things went from incredible wealth and stardom – to a much different landscape today.
Abraham is the co-author of Randy Travis’ new autobiographical memoir, Forever and Ever, Amen: A Memoir of Music, faith, and Braving the Storms of Life that was released on May 14th, 2019.
The book explains from the shock he and Mary experienced when they learned he did not have disability insurance on his iconic voice – a unique type of insurance offered by Lloyds of London who will insure almost anything.
The book details the financial situation Randy and his wife are facing and they expanded on it more in a recent interview with Taste of Country.
After Randy’s 2013 stroke, he had significant troubles with his nervous system and damage from the stroke made him unable to sing as he once did. This would have been covered by the policy – but, somehow, the policy didn’t exist.
Beyond the missing insurance policy, he had been led to believe had been taken out and paid for, the couple learned that the royalty checks they had been expecting to receive never actually came. This was due to advance draws against the royalties that had yet to be fully recouped. In a final blow to his financial stability, money that was supposed to be held in investment accounts was either no longer able to be accessed…or had vanished.
“Hopefully the book will help. A movie may help, as well,” Abraham said. “I think that is part of the story of Randy Travis that a lot of people don’t know. They think that just because Randy has had such great success in the music business … that he’s just rolling in money and never has to have a concern. That’s just not the way the music business works.”
Something that may help their financial struggles is the recent sale of his Nashville condo. Variety reports that the house-sized condo is in an upscale Nashville neighborhood and was on the market for $550,000.
According to Variety, the three bedroom, 2.5 bath condo has “A small entrance vestibule and long gallery leads to L-shaped open-plan living and entertaining area with pale wood floors, 12-foot ceilings and oversize windows behind bright-white plantation shutters. The cozily proportioned living area has a gas fireplace.”
To see pictures of the gorgeous condo, click through the gallery here.