How much is Barry Hankerson worth?
| Net Worth: | $30 Million |
|---|---|
| Profession: | Record Producer |
| Date of Birth: | August 3, 1947 |
| Country: | United States of America |
| Height: | 1.71 m |
About Barry Hankerson
American record producer, manager, and proprietor of a record company, Barry Hankerson was born on August 3, 1947. Blackground Records was founded by Hankerson. He is Aaliyah, a singer and uncle.
Hankerson has claimed that he only established Blackground Records in order to assist Aaliyah in launching her career. He introduced Aaliyah, who was twelve at the time, to R. Kelly. He was allegedly aware of R. Kelly’s propensity for predatory behavior. However this is unconfirmed. In 2021, he reopened Blackground Records and reissued albums by the musicians who had previously been on to his company; allegedly none of the musicians, including Aaliyah’s immediate family, received royalties (Rashad and Diane).
Aaliyah’s posthumous album, Unstoppable, would be released “In a matter of weeks” he said in August 2021. Then he announced that the album, which will feature Chris Brown, Drake, The Weeknd, Future, Ne-Yo, and other artists, would be released in late January 2022. Since then, there have been no album-related updates.
In 2007, Braxton sued her former manager, Hankerson, for $10 million, citing “fraud, deception and double dealing,” in addition to improper management of her contract with Arista Records. By using “double-talk” to undermine the relationship between Braxton and her former label, Hankerson allegedly put his own financial interests ahead of hers. Hankerson is accused of telling Arista that “Braxton no longer wanted to record for Arista” and telling Braxton that “Arista was not interested in working with her anymore.” In exchange for Hankerson releasing Braxton from her contract with him, Braxton was ordered to repay him a $375,000 advance. Hankerson would also receive a cut of the proceeds from the sale of her upcoming record.
Kyme Dang filed a $5.8 million settlement claim against the now-defunct Blackground Records in 2007, alleging a breach of a signed guarantee. In Dang’s case, it is claimed that Hankerson went so far as to purchase and rename the shop where she worked as a hair stylist. Blackground Records agreed to serve as a surety for the settlement agreement on January 1, 2012, but did not repay Hankerson’s obligation when he broke the terms of the agreement.
