How much is Jermaine Dupri worth?
|Net Worth:||$2 Million|
|Date of Birth:||September 23, 1972|
|Country:||United States of America|
Who Is Jermaine Dupri
Jermaine Dupri is an American rapper, song writer and record producer. He was a dancer as a child, which led him into his music career. His full name is Jermaine Dupri Mauldin, but he has dropped his surname to create his professional name.
Jermaine was born in Asheville, North Carolina, but grew up in Atlanta, Georgia, where his father worked as an executive with Columbia Records. It was his father who indirectly arranged his first live stage performance when he cheekily took to the stage and danced with Diana Ross.
We calculate Jermaine Dupri has a net worth of only about $2 million dollars, as of 2020. He was worth as much as $60 million dollars in 2006, yet Jermaine has been plagued with financial problems for well over a decade.
What’s Jermaine Dupri’s financial situation?
The most recent estimation of Jermain Dupri’s net worth is between $2 million and $5 million dollars. He is earning around $300,000 to $400,000 each year.
This might seem a rather modest fortune for such an immensely successful record producer, song-writer and singer. In 2006, his fortune was estimated at $60 million, and it is known that in 2008 he earned $11 million. Dupri’s fortune suffered from a series of problems between 2008 and 2018. It seems that he had failed to submit tax returns, failed to pay tax due, and later had problems with bank loans that were not repaid.
Failing to pay taxes can be a very expensive matter, and Dupri ended up paying way more than he originally owed. Banks can also be dogged in their pursuit of money owed to them. Dupri found this out to his cost. He was forced to sell his recording studio and, possibly more damagingly, the copyright to his back catalog of work by Kriss Kross, Xscape, Bow Wow, Da Brat and others. This happened in 2013, but two years earlier, he had been forced to sell his mansion in Atlanta and then his other property in another part of the city went in 2012.
Dupri has overcome these problems to a large extent, and now seems to be building up his fortune again, with no-one claiming more money from him.
Why is he so famous?
After a few years in his early teens dancing for various groups both live and on videos, Jermaine turned to producing. The first act that he produced was Silk Tymes Leather, an all-female hip-hop threesome. Soon after he discovered the teenagers Chris Kelly and Chris Smith, and turned them into Kriss Kross. Kriss Kross enjoyed stellar success with their first album, which Dupri had both written and produced.
In 1993 he set up his own record label called So So Def and almost immediately signed the female band Xscape. Their first album, again produced by Dupri, enjoyed instant success, as did the first album by another early signing, Da Brat.
1997 saw Dupri sign a deal with Columbia Records which lasted until 2002. In that time he produced albums for Usher, Monica, Destiny’s Child and the young rapper Lil’ Bow Wow among others. In 2003 Dupri moved on to Arista Records and was involved with the production of Tamar Braxton’s first album. In 2006, he switched again to collaborate with Virgin Records, where he was responsible for Daz Dillinger’s first album.
Throughout his career, Dupri has frequently worked with Usher and Maria Carey. He also produced one album for Janet Jackson, with whom he enjoyed a romantic relationship for seven years. He contributed songs to several albums by various different artists, and in 2018 was admitted to the Songwriter’s Hall of Fame.
In 2015 he joined with Queen Latifah in the creation of a reality-style TV series called The Rap Game. The eight episodes followed five young rap wannabes making their way of their journeys to become rap stars in Atlanta. A variety of guests like Usher, T.I., Da Brat and Silento advised the youngsters and they also got guidance from Queen Latifah and Dupri.
Jermaine Dupri has been a part of the American hip-hop scene for more than 25 years. He is very respected as a record-producer, song-writer and talent spotter. Such is his fame that his record label, So So Records, has featured as an exhibit at the Grammy Museum in Los Angeles.
What makes him so successful?
Jermaine Dupri showed his talent at an early age, and was able to capitalize on his family connections in the music business.
Talent alone, though, is not enough to guarantee success. Dupri knew this from the start of his career, and has consistently worked hard to consolidate his position in the music industry.
Jermaine is always looking for the next challenge. He needs the stimulus of new projects to bring out the best in him. His approach to work is to be looking ahead, and spotting opportunities. As a talent spotter he has a remarkable history, having discovered some of hip-hop’s top stars. Dupri does not allow opportunities to pass him by. Instead he will grab them, and put in a lot of effort to turn each opportunity into an advantage.
In order to succeed in a crowded industry like the music business requires a single-mindedness and determination that Jermaine showed even as a young teenager. His love of hip-hop and dance gave him the fire he needed to pursue his chosen career. Hunger for success is the main factor that pushes many successful people on to greater achievements.
While Jermaine sees that making mistakes as something everyone should learn from, he particularly stresses that you must learn from the mistakes that other people make. If you see someone else make a mistake, observe and promise yourself that you will not make the same mistake.
Jermaine Dupri has suffered serious financial setbacks in his career, but he has not let them stop him from carrying on. These problems just gave him a greater incentive to work harder and restore his fortune. It takes considerable strength of character to continue when weighed down by problems. Jermaine shows that he has that strength as he continues to work and to seek further success.
Jermaine firmly believes that anyone who wants to be the best must put their heart and soul into their work. Too many people, he says, do not do this, with the result that success eludes them.
Jermaine Dupri has worked all his life to achieve success and to provide the public with entertainment through the music industry. He is a determined and hard-working man, and his achievements show just how much success will flow from dedication and a great work ethic.