Ralph Carter is best known for his portrayal of Michael Evans on the 1970s sitcom Good Times, a shoe that still remains beloved for its humor, heart, and cultural significance. Though he left the spotlight decades ago, his work in television, theater, and music helped lay the foundation for his financial success.
As of 2025, he is estimated to be worth $1 million, a figure stemming from his acting career, music ventures, royalties, and sound financial management.
Early Career and Broadway Beginnings
Before becoming a TV star, Ralph Carter was already making waves on Broadway. He was critically acclaimed for his role in the musical Raisin, adapted from Lorraine Hansberry’s A Raisin in the Sun. This role earned him a Theatre World Award and a Tony Award nomination.
Early recognition on Broadway gave Carter an early income and experience needed to transition into television.
Breakthrough with Good Times
Carter had his breakthrough in 1974 when he joined Good Times. He became a household name and fan favorite playing socially conscious Michael Evans. The series was aired for six seasons, and Carter’s salary from the show contributed to his early wealth.
Beyond his paycheck, royalties from the show’s popularity have generated residual income decades after the show ended.
Music Career and Album Sales
Carter later ventured into music in the mid-1970s. In 1975, he released the album When You’re Young and in Love, which featured several R&B singles. His music career was brief, but it added to his income and showed his versatility as a performer. Live performances, television appearances, and music sales supplemented his income during his peak years.
Guest Appearances and Public Events
After stepping away from acting full-time, Carter still appeared occasionally on television specials, talk shows, and reunion programs related to Good Times.
Such appearances brought in additional income and kept him connected to his fans. He also monetized his legacy through nostalgia tours, interviews, and public events while maintaining a low-key lifestyle.
Royalties and Residual Income
The royalties from Good Times are among the most enduring elements in Carter’s financial portfolio. The sitcom has been syndicated worldwide for decades now, and with streaming platforms, it continues to reach new audiences. Though TV royalties may not be as large as they once were, they still provide a steady, passive income that keeps his net worth up.
Theater and Local Performances
After his time in mainstream television, Carter returned to theater work, featuring in local productions and small stage shows.
These roles paid less compared to national television, but they provided steady earnings and allowed him to remain active in the performing arts. This stage work also demonstrates his love for acting beyond the financial rewards.
A Grounded Lifestyle and Financial Discipline.
One reason Carter has stayed rich is his grounded take on life after fame. Instead of an extravagant lifestyle, he lived a more private life focused on family and community. This choice, paired with good money management, have kept him away from the financial troubles that have plagued some former child stars.
