Freda Payne Net Worth: Freda Payne is an American singer and actress who has a net worth of $3 million dollars. Freda Payne is known for singing soul, R&B and jazz and for releasing the hit single, “Band of Gold,” in 1970. Born in Detroit, Michigan on September 19, 1942, she attended the Detroit Institute of Musical Arts and moved to New York City in 1963 to pursue a career in the entertainment industry.

She has been affiliated with Impulse Records, Invictus Records, MGM, ABC, Capitol Records, and Volt. She also worked as an understudy to Leslie Uggams on Broadways’ Hallelujah Baby. Payne has one son by the name of Gregory Abbott, Jr., who was named after her former husband. In 1974 she reached the cover of Jet Magazine and received the title of Dame of Malta from the Knight of Malta. The song “Band of Gold” provided for Payne’s first gold-selling record, and she has released near twenty-three albums and compilations to date.