Fat Joe Net Worth

How much is Fat Joe worth?

Net Worth:$5 Million
Profession:Professional Rapper
Date of Birth:August 19, 1970 (age 52)
Country:United States of America
Height:
6 ft (1.85 m)

About Fat Joe

When it comes to the music industry, longevity is something that very few artists truly have. It’s one thing to have a hit song or two in one era, but very few artists are able to produce hits in multiple generations. In the world of hip hop, few artists have exhibited the ability to adapt to new sounds and eras like Fat Joe. He has managed to be a relevant figure in rap music in three different decades, and in recent years, he has expanded into new ventures in the fashion world. Fat Joe’s story is one of the most interesting in popular music, so let’s take a closer look at how Fat Joe got rich and famous.

American rapper and actor from the Bronx Fat Joe has an estimated net worth of $5 million dollars, as of 2023. He was originally recognized as a member of hip hop group Diggin’ in the Crates Crew (D.I.T.C.)

Fat Joe was born Joseph Antonio Cartagena in 1970 in the Bronx, New York to a Cuban and Puerto Rican family. Most of his early years were spent getting into trouble and writing graffiti in his neighborhood. And like many young people in that area and time period, he was introduced to hip hop at an early age. This led to him joining the legendary underground rap crew D.I.T.C. (Diggin in the Crates) in the early 90s.

While he wasn’t a core member of this crew, he was certainly a respected part of their collective. He was able to work with a number of rappers and producers because of this connection, featuring on a number of albums from artists like Showbiz & AG, O.C, and Diamond D. And when Fat Joe made his debut album Represent in 1993, it featured beats from Diamond D and The Beatnuts, as well as guest appearances from rappers like Grand Puba and Kool G Rap.

But despite the underground credentials on his debut record (and the charting single “Flow Joe”) Fat Joe was still not in the mainstream. That would come later, when he was recording his second studio album, Jealous One’s Envy. This one album alone launched Fat Joe into fame and stardom and a decade later with the release of the single “Lean Back”, his legacy became secure.

Fat Joe became mainstream with the release of the album, Jealous One’s Envy. While working on this album, Fat Joe was able to record a verse for the legendary remix to LL Cool J‘s “I Shot Ya.” This went a long way toward cementing his place in the mainstream, and to this day he considers it to be a high point in his career.

During this time, he also met the rapper Big Pun. Fat Joe would go on to sign Big Pun to his label Terror Squad and release Pun’s only solo album, Capital Punishment. This album was the first rap album by a Latin artist to go platinum, and it is an understatement to say that it made Fat Joe a lot of money.

Around this same time, Fat Joe’s own solo career started to really take off. In 2001, he released “What’s Luv” featuring Ja Rule and Ashanti, who at that time were two of the biggest artists on the pop charts. This song went platinum in just a few months, and quickly became the biggest hit of Fat Joe’s career. At least it was until “Lean Back.” Released in 2004 and featuring Terror Squad rapper Remy Ma, “Lean Back” is one of those songs that only comes around once in a generation. It spent months on the Billboard charts when it was released, and it is still loved today. Find any nightclub in America and play “Lean Back;” chances are, there will be plenty of people dancing along.

While he has done later successful work with Remy Ma, like “All The Way Up”, their original song together marked the beginning of Fat Joe’s pop stardom. He began to collaborate a great deal with the then-unknown DJ Khaled; Khaled had been something of a protege for Fat Joe, and once Khaled started becoming a successful DJ, he was quick to bring Fat Joe aboard.

The two made a number of hit songs together over the course of the 2000s, all of which brought both of them a great deal of money. Their relationship is one of the many that Fat Joe nurtured early on in order to reap the benefits later.

As his career entered its third decade, Fat Joe started to expand beyond music into other business ventures. Throughout his career, Fat Joe was well known for his obsession for collecting sneakers, so in 2016, he opened the sneaker store Up NYC in New York City.

The store quickly became one of the more popular sneaker and apparel stores in the city, in large part thanks to Fat Joe’s celebrity and persona. Business ventures like this, although they are somewhat out of the spotlight, certainly helped to make Fat Joe even richer than he already was.

Joe’s Total Net Worth

Fat Joe’s story is one of the most interesting in hip hop, from his early underground days to his reign on the pop charts with songs like “Lean Back” and “All the Way Up.” And the one common denominator throughout his career, the thing that makes him so successful, is his adaptability.

Countless artists have hits in one era, but once the reigning sound of popular music changes, they are unable to adapt to the new vibe. Fat Joe is one of the few artists that can sense the tides of music turning and adapt accordingly; this has allowed him to stay relevant in three decades when most rappers can hardly stay relevant in one. And of course, that continuous relevance brings in a lot of money.

Overall, from his work in the music industry, rapping, songwriting and producing, combined with his acting credits. It is estimated that Fat Joe has had career earnings of around $14 million dollars. Plus, considering he relocated from New York where state taxes are quite high, to Miami, Florida, where state tax is nonexistent, he has earned more than average in actual bankable income compared to his East coast-West coast contemporaries.

In fact, despite having years when Fat Joe has earned some $1-2 million dollars in a single year. He has still only paid about 33% on that amount because he lives and work in Miami. In New York he would be paying around 42% on his first $1 million dollars earned.

Overall, it is estimated that Fat Joe has paid about 34% in taxes because of the years when he earned over $1 million. After tax, it is estimated that his career earnings are at around $9.24 million, having paid $4.76 million dollars in taxes.

Fat Joe has had some legal issues. Most relevant to his net worth, is when in 2012 he pleaded guilty to tax evasion after failing to pay income tax on $3 million dollars that he earned between the years of 2007 and 2010. He spent two months in prison and had to make good on the money owed.

Overall, it is likely that even after deducting his likely personal and business costs and some additional under miscellaneous. Fat Joe still has less money than that. In fact it is likely that he has a net worth closer to $5 million dollars.

Summing-Up

Although he may not be as well known as The Notorious B.I.G. or Jay-Z, Fat Joe is still a respected figure in New York hip hop. He was able to make the switch from respected underground MC to omnipresent chart topper without losing respect in either camp. He also brought us some of the biggest cultural forces in rap music over the past 20 years, such as Big Pun and DJ Khaled, while also breaking barriers for Latin artists in hip hop. And in doing so, it goes without saying that Fat Joe made a lot of people a lot of money.

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