Jermaine Dupri is one of the hottest men in the music industry these days, and given that he’s worked with and produced for stars like Mariah Carey, Jay-Z, Nelly, Janet Jackson, Aretha Franklin, Alicia Keys, and Ludacris, among others, it isn’t a surprise that people are curious about the amount of money he makes.
What is Dupri’s net worth? How much money does he make?
Read on to find out.
1. He Has an Estimated Net Worth of $2 Million
Dupri has an estimated net worth of $2 million, according to Celebrity Net Worth.
The hip hop artist has won a number of awards as proof of his success over the years, including a Grammy Award for Best R&B Song in 2006 for “We Belong Together”, the NAACP Image Award for Outstanding Album in 1998 for “Soul Food”, and a Soul Train Music Award, Quincy Jones Award for career achievement in 2007.
In an interview with Under30ceo.com, Dupri spoke about his entrepreneurial spirit, which he developed as a young boy. “When I was around 11 or 12, I used to go around the neighborhood to cut people’s grass and go house to house to cut a deal with them.” Dupri admits he didn’t have the financial means of paving his success. “People always talk about the money they need to do it. I was always the guy who said I was going to do it.” The artist continues, “My gradual gain of things that I needed to get to the places I was headed to came from my ambition and my attitude to do it.”
2. His Father Was a Columbia Records Executive
Dupri was born in 1972 to Tina Mosley and Michael Mauldin.
Mauldin’s career begin in the 1970s, and eventually, he made a name for himself as the President of Columbia Records, former Senior Vice President of Columbia Records Group, a manager, and the CEO of Scream Nation.
During his term at Columbia, Mauldin was heavily involved in the budding careers of stars like Destiny’s Child, Alicia Keys, Wyclef Jean, and Nas.
In an interview with Artists House Music in 2010, Mauldin said there were pros and cons to being his son’s father and manager. “We didn’t have a lot, but I was always around for Jermaine,” Mauldin said, “It was an interesting dynamic but I always had his back; I was always looking out, and I think that was cool for him to know that somebody is always there making sure that he was, you know, taken care of.”
3. His First Act Was the Hip Hop Trio ‘Silk Tymes Leather’
In 1990, Dupri produced his first act– a female hip hop trio called Silk Tymes Leather.
One year later, he put together the teen group Kris Kross. The band, which consisted of Chris Kelly and Chris Smith, released their first album, Totally Krossed Out, in 1992, and it went multi-platinum.
Shortly after establishing these two groups, Dupri founded So So Def Recordings. It wasn’t long after that he was introduced to the female R&B group Xscape and signed them to the new label.
4. He Reportedly Lost His Atlanta Home to Foreclosure
Dupri reportedly lost his Atlanta mansion in 2014 to foreclosure.
According to Fulton County legal documents obtained by The Atlanta Journal-Constitution, the producer and songwriter owed $2.5 million on his over 9,400-square-foot home, but did not pay his monthly payments, which led to a mortgage foreclosure notice.
According to The Atlanta Journal-Constitution, the legal notice read, “The debt secured by said Deed to Secure Debt has been and is hereby declared due because of, among other possible events of default, non-payment of the monthly installments on said loan. The debt remaining in default, this sale will be made for the purpose of paying the same and all expenses of this sale, including attorney’s fees (notice of intent to collect attorney’s fees having been given).”
The home was six-bedrooms, sat on 1.73 acres, and was over 9,441 square-feet. The Daily Mail reports that Dupri purchased it in 2005 for $3.2 million.
5. He Is the Founder of Global 14 and So So Def Recodings
An entrepreneur at heart, Dupri is the founder of Global 14 and So So Def Recordings.
The latter has released more than 25 albums, with many gold, platinum, and double-platinum records.
Asked by Under30ceo if he’s always been entrepreneurial, the artist says, “I’ve always thought that I could create some kind of business. I’ve always had that feeling.”
In May of 2013, SunTrust Banks sued Dupri and So So Def Productions for $1.9 million for defaulting on a $5 million loan, according to Billboard.com.
Dupri countered with another lawsuit. According to TMZ, Dupri claimed that a personal banker took advantage of his lack of education by having him sign an additional loan agreement that “increased his loan payments without his knowledge.”
Despite the suit, the company has continued to find success. It currently reps Da Brat, Bow Wow, J-Kwon, Jagged Edge, Dem Franchise Boyz, and Xscape. In 2014, So So Def partnered with Primary Wave to release Jagged Edge’s album JE Heartbreak 2. Last year, it partnered with Epic for current distribution.