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Slideshow Follow Reuters Facebook Twitter RSS YouTube Read Analysis: Reuters/Ipsos polls show scope of the challenge facing Romney | 10:16am EDT Butler stole papers pope wanted destroyed: police | 9:47am EDT NBC breaks TV losing streak, orders more "Revolution" 02 Oct 2012 Romney under pressure to score debate win against Obama | 11:32am EDT Analysis: Romney would send consumers healthcare bill, with benefits | 10:18am EDT Discussed 230 France taxes rich and business to slash deficit 160 Netanyahu to press for Iran ”red line” in U.N. speech 124 Chavez to Obama: I’d vote for you, and you for me Sponsored Links Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Inside the Vatican Behind the walls of Vatican City. Slideshow Psy's Gangnam style Psy is the latest musical sensation to burst upon the world from South Korea with his video "Gangnam Style." Slideshow Me and My Money: Macy Gray Tweet Share this Email Print Analysis & Opinion Can securitization save medical R&D? How generous is Mitt Romney? Related Topics Entertainment » Fashion » Lifestyle » Macy Gray performs during multimedia performance directed by Robert Wilson titled ''Solidarity. Freedom is the Name of Your Angel!'' at Gdansk Shipyard August 31, 2010. Credit: Reuters/Peter Andrews By Lou Carlozo CHICAGO | Wed Oct 3, 2012 11:33am EDT CHICAGO (Reuters) - Ask Macy Gray about her net worth, and the Grammy-winning R&B singer and songwriter is not sure - though she is perfectly willing to help out with a little online research. She stops the interview to trawl celebritynetworth.com, where she plugs her name into a search engine and pulls up a number. A very large number. "Wow!" exclaims Gray, 45, an Ohio native who calls Los Angeles home. "It says here I'm worth $38 million. But I don't know where they got that figure from, because I don't even know how to figure that out. But if it's right, I'd go cash that in right now and go shopping." Gray debuted with the multiplatinum album "Oh How Life Is" in 1999, and musical stardom also translated into movie appearances in "Spider-Man" and "For Colored Girls." But her life as a star has not been perfect. Gray has weathered heartbreak (her husband, Tracy Hinds, left while she was pregnant with their third child, and substance abuse problems came to a head around the time she released 2003's "The Trouble With Being Myself.") Gray says the partying years are behind her, though she loves gambling and played on the Bravo cable network's "Celebrity Poker Showdown" in 2006, capturing third place in her tournament. While Gray takes to games of chance for fun, she is frank about her lack of prowess at picking stocks. Gray has learned what works for her financially, and sticks with it. She is a saver, and likes to put money aside so that it is not accessible to her. With her new album, a reinterpretation of Stevie Wonder's "Talking Book," due October 30, Gray took time out to discuss the fine points of her financial life. Q: How do you invest your funds? A: I was never good at the whole stock thing so I quit a long time ago - before the crash. The thing that I did, and worked out well for me, is that my money goes straight to an account that I can't get to, unless emergency situations come up. Q: How about investments in other areas of your life, like real estate? A: I own three properties in Canton, Ohio, because that's where I'm from: one commercial property and two homes. I also have some money in jewelry; I have a lot of jewelry. Q: You have three kids. How do you set aside money for them? A: Since the beginning, I've given a percentage into my kids' accounts - just like I pay my manager or my agent. It's not so much a trust fund as a money market account. They've been accumulating money for a long time, and it's set up so I can't get at it. They actually have a lot more money than I do! My daughter just went to college in the fall, and all that was paid for through that account. My kids get so much when they are 18, and so much when they are 21. My accountant set it up very nicely. My kids get more money if they stay in school, so that's good too. Q: Where do you like to give back? A: My biggest thing is that I like to help the troops. I'm very passionate about that, about helping wounded soldiers and their families. There's a huge military charity called Operation Homefront. I also do visits to hospitals and I donate money to families, who, if their sons are in the hospital, the parents have to leave work to care for them, and that just kills them financially. I do a lot of benefits, and say yes as much as I can. Q: Which expenses pose the biggest challenge for you? A: Hmmm. Everything. I have a personal assistant and housekeepers; I have a band, a manager, agents and a PR person. And my kids have tutors. It's crazy. My expenses are pretty big: We travel a lot, my daughter's in college, and I'm not that great with money. But I have a business manager and I've been working with him since 2008. He takes care of all the bills. He also takes care of the taxes. Q: Being an entertainer has put a lot of money at your disposal. What are the most important lessons you've learned? A: I know a lot of people are able to make really good investments, but I'm not the kind of "money person" who knows how to do that. I've had people help me out, but that really didn't work, either. Investing is definitely an art, like anything else. It's an art to make money, and an art to make it grow bigger and bigger. So I save. I've let my money build up, and it's accumulated into a lot over a period of time. And that's really cool. (The author is a Reuters contributor. The opinions expressed are his own.) (Follow us @ReutersMoney or here; editing by Beth Pinsker Gladstone and Matthew Lewis) Entertainment Fashion Lifestyle Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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