Dmx Net Worth: – $1 million. In the 1990s, DMX rose to prominence as an American rapper. As a result, he previously relished success in the music industry selling around 70 million albums throughout the World. An interesting fact is that he has an incredible negative net worth of $10 million. The question is, why did an artist who had made millions of dollars go so far into debt after he was at the peak of his career?
Quick Review: Dmx
|Net Worth||$10 Million|
|Born||Mount Vernon, New York|
|Birth Date||December 18, 1970|
|Net worth||-$1 million|
|Source of Wealth||Rapper, Song Writer|
He was born in Baltimore, Maryland, in December of 1970, and he was named Earl Simmons by his parents. Born in Yonkers, his parents moved thereafter he was a child. “Party Up” became his fastest-selling single in 1999, followed by “Ruff Ryders Anthem,” “X Gon’ Give it to Ya,” and “Where the Hood At?” and What’s My Name?” He has released seven studio albums, many of which have sold millions of copies. Furthermore, DMX was cast in several movies and appeared in several music videos Also released was the artist’s autobiography.
He has won three American Music Awards, five MTV Music Video Awards, and three Grammy Award nominations under his belt. In addition to his cameo in Top Five, DMX accumulated a large international fan base. Known for his hip-hop style of rap, he has performed his music all over the world.
What are the debts at the time of death of DMX?
When he filed for bankruptcy in 2013, the rapper and actor had already accumulated between $1 million and $10 million in debt. According to US Weekly, as the father of 15 children, DMX reported that his child support obligations reached $1.24 million.
The late 2000s were a time when Jay-Z played an important role in DMX’s career. Amounts owed to Def Jam were approximately $12 million, which he was pardoned from. As per Genius, Jay-Z took the helm at Def Jam in 2006 as well as DMX’s departure. He made the move so DMX could sign a new deal with Columbia Records. DMX’s financial problems didn’t end there.
DMX was convicted in 2017 of 14 counts of tax fraud and sentenced to a year in prison. The IRS has still not paid him $2.3 million as of 2019, according to Distractify. DMX’s earnings were legally garnished, meaning his paychecks were taken by the government.
Frequently Asked Questions (FAQs)
How did dmx die?
He died of an overdose of drugs.
What is DMX net worth?