How much is Nicky Jam worth?
| Net Worth: | $6 Million |
|---|---|
| Profession: | Professional Singer |
| Date of Birth: | March 17, 1981 (age 41) |
| Country: | United States of America |
| Height: | 5 ft 8 in (1.75 m) |
About Nicky Jam
Nicky Jam is the stage name of Nick Rivera Caminero. He’s an American actor, singer, and songwriter that is best known for his music projects in Latin trap and reggaeton. For the past twenty years and so, he has created many solo and collaborative songs with the likes of J Balvin, Ozuna, Daddy Yankee, and Anuel AA.
Since 2019, it is estimated that Nicky Jam has earned income equal to a salary of $1.6 million dollars per year.
Nicky Jam rose to fame when he formed the duo Los Cangris with his mentor and idol Daddy Yankee in the 1990s. He was born on March 17, 1981, in Lawrence, Massachusetts. He’s the first of two children to Jose and Isabella Caminero. He has a younger sister named Stephanie. During his upbringing, he developed an affinity for the hip hop, especially for the East Coast acts LL Cool J and Marty Mark and the Funky Bunch.
At first, Nick came up with the stage name “Nick MC”, however, he soon decided to change that into Nicky Jam after an interaction with a homeless man. By the age of eleven, he worked at a grocery store. While he was rapping to pass time, he was heard by one of his customers. The impressed customer invited him to record with a local indie label.
Eventually, he signed a contract with the label without reading it, and went on to receive no advance money for all of his recordings. When he was fourteen, in 1995, he recorded and released his debut studio album titled Distant A Los Demas.
Some years after absorbing the culture shock of moving to Puerto Rico, the Latin trap artist started earning through his new music. Nicky’s family moved to Puerto Rico back in 1991 when he was just ten years old, as a way to reconnect with their Puerto Rican roots. Eventually, Nicky was able to leave the indie label and quickly gain some popularity in Puerto Rico as a hip hop artist. In the mid-1990s, he met his idol and mentor Daddy Yankee, who became interested in his style and vibes.
Forming the duo Los Cangris with his Daddy Yankee further boosted his popularity. Together they received national success with the hits “En La Came” and “Guayando”, that added to Nicky Jam’s growing net worth.
Apart from his work in the duo, Nicky continued to create and release his solo music. In the early 2000s, he released two studio albums, Hacienda Escante and Vida Escante. Also in 2004, the duo split to pursue solo music careers.
Nicky suffered with a drug problem that actually started when he was young. He has reflected on the experience by saying: “[I thought], ‘why am I going to take care of myself? My dad didn’t handle his drug problems. My mom did drugs too, so why not me?’ I mean, I had drugs all around me, and the foundation of everything is your home. It’s your family.”
Despite his drug use, he managed to gain popularity in Puerto Rico as a hip-hop artist, and eventually met his idol, Daddy Yankee. Fortunately making a come back after drugs seemingly almost knocked Nicky Jam off his path to success.
In 2010, Nicky Jam suffered a nearly fatal overdose that served as the impetus for him to quit using drugs completely. He lost 100 pounds (45 kg) and tattooed a significant portion of his body, including the entirety of his neck—which he considered a symbol of his recovery.
In 2018, Nicky Jam starred in the Netflix biographical series Nicky Jam: El Ganador, which explored the artist’s struggles to overcome drug addiction and his rise to fame.
Despite the problems that he has suffered for more than five years, Jam was able to reinvigorate his career with the songs “Voy a Beber” and “Travesuras”.
He signed a contract with Sony US Latin and continued his momentum with a collaboration with the international superstar Enrique Iglesias titled “El Person”. After not releasing anything for more than nearly 10 consecutive years, in 2017, he released his best album “Fenix” which earned eleven platinum and one gold certification. In 2018 he released “Live It Up”.
Concurrently with releasing albums, Nicky Jam has been consistently working in television films and series. His first appearance on television was in the 2016 series “Lip Sync Mexico”. Since then, he has taken part in many films such as XXX: Return of Xander Cage, The Keys of Christmas, and Bad Boys for Life.
In 2018, at the peak of his career, he starred in his biographical television series titled “El Ganador”. The Netflix series first premiered on Telemundo from September to November for a total of 13 episodes, with the storyline following the personal and professional life of the reggaeton singer.
Nicky’s Total Net Worth
Nicky Jam has earned estimated total career income of $12 million dollars. As Nicky lives in the state of Florida, he will have had to pay around 35% in taxes on his career income. After tax, it is estimated that his career earnings are at around $7.8 million dollars, having paid $4.2 million dollars in taxes.
Nicky Jam married Angélica Cruz in 2017 and they divorced one year later, in 2018. He also has three children with his ex girlfriend, Janexsy Figueroa. In his personal life Nicky has likely spent $1-2 million dollars of his career earnings, including in spousal and child support, but also earned $650,000 from his investments. In 2017, he purchased a property in Miami for $1.7 and sold it in 2018 for $2 million. Then in 2019, he bought a $3.4 million dollar property on Palm Island in Miami.
As Nicky will have also had to pay around $700,000 in business related costs. He likely has a net worth of about $6 million dollars.
Summing-Up
Nicky Jam is one of the leading names in reggaeton and Latin Trap. As of now, the multi-talented actor, singer, and songwriter has released seven studio albums, toured the world, and collaborated with many best-selling artists. He also starred in many television projects and from all of his projects, he has earned an estimated net worth of about $6 million.
