DMX Net Worth: How Much Did The Rapper Earn?

What Is DMX Net Worth? Earl Simmons, better known as DMX, was an American rapper who rose to prominence in the late 1990s and received critical praise for his gangsta rap albums. He was recognized for his razor-sharp delivery and poetic storytelling, which he compared to Tupac. Throughout the 1990s and briefly into the 2000s, the rapper had a close relationship with Jay-Z and was one of Def Jam’s best-selling musicians. DMX’s run-ins with the law and growing record of offenses began to overshadow his rap legacy near the conclusion of his life.

The truth about DMX is that he has had legal issues since the 1980s, and he was charged with a total of 14 counts of federal tax fraud in 2019 for failing to file income tax returns from 2010 to 2015. DMX was forced to pay $2.29 million in restitution by the court. The rapped was in debt when he died. “Party Up (Up In Here),” “What’s My Name?” and “X Gon Give It To Ya” are among DMX’s most popular songs. Continue reading to learn more about him.

DMX Net Worth:

What Is DMX Net Worth? DMX was a well-known rapper and actor from New York. Unfortunately, DMX’s net worth was negative $1 million at the time of his death due to a series of financial and legal troubles. Earl Simmons, as he is also called, rose to fame with the release of his debut album in 1998. DMX went on further to release seven studio albums and star in several films.

He was incarcerated several times in the last decade of his life. He declared bankruptcy in 2013, with only $50,000 in assets and $1 million to $10 million in liabilities. In the year 2017, he was charged with 14 counts of tax fraud, which resulted in a one-year prison sentence and a huge $2.3 million of debt. More on these issues will be discussed later in this post. DMX left the world tragically on April 9, 2021, at the middle age of 50, from complications related to a drug overdose.

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How Did DMX Get So Rich?

DMX released a total of eight albums, five of which reached the top of the Billboard 200. The Recording Industry Association of America (RIAA) certified his second album, Flesh of My Flesh, Blood of My Blood, as multi-platinum. His debut album, It’s Dark, and Hell Is Hot, has sold over five million copies worldwide, and his best-selling album is… Then There Was X, which reached 5x platinum in less than a year after his debut. DMX continued to make money through streaming platforms like Spotify despite the fact that times were bleak in his final years. On the site, he had over six million monthly listeners, and his song “X Gon Give It To Ya” has over 380 million listens. DMX has sold over 70 million records globally to date, and some of his debt to the government is still owed to him.

Despite the fact that DMX made millions of dollars from record sales, he also lost millions due to poor financial planning. Despite earning $2.3 million from his songs between 2010 and 2015, he filed for bankruptcy in 2013. According to Celebrity Net Worth, he had $50,000 in assets and between $1 million and $10 million in liabilities at the time. He was sentenced to pay $2.29 million after being found guilty of 14 counts of tax fraud between 2010 and 2015. Not only that, but DMX was the father of 17 children, all of whom he had to support, which is a lot of children. That, I believe, was the main reason he had to file for bankruptcy. And it has absolutely nothing to do with ladies, alcohol, or sports vehicles.

More About DMX:

DMX’s critically praised and chart-topping albums were made possible by his off-the-cuff lyrical storytelling and aggressive rap delivery. But, as a result of his ongoing legal issues and extensive tax evasion, he now has a net worth estimated to be negative -$1 million dollars. For a brief period, we believed things may be different now that DMX had reunited with Def Jam in 2019. They were meant to be working on a new album at the time. All of that came to an abrupt stop when DMX died of a heart attack at the age of 50.

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