The name So So Def Records is almost synonymous with Jermaine Dupri. While Jermaine may be best known for his work as a record executive, his influence on hip-hop goes much beyond that.
As the son of Michael Mauldin, an executive at Columbia Records, Jermaine grew up with music in his veins. Jermaine chose a profession in music naturally, and he has since contributed to the fame of several artists, such as the ’90s male hip-hop duo Kriss Kross, the ’90s female group Xscape, and the pop music queen Mariah Carey.
Most people assume Jermaine is filthy rich because of his long list of career victories. Jermaine, on the other hand, might not have as comfortable a nest egg as one might expect.
To that end, how much is Jermaine Dupri’s net worth? In any case, here is everything we know.
What is Jermaine Dupri Net Worth?
Jermaine Dupri is $2.5 million richer as of this writing. As an actor, producer, songwriter, rapper, and owner of a record company, his earnings are reflected in this sum.
Over the course of his career, Jermaine has collaborated on the production of platinum-selling albums by Xscape with “Hummin’ Comin’ at ‘Cha,” Mariah with “The Emancipation of Mimi,” Usher with “Confessions,” and others. Jermaine’s producing resume is extensive, including works by Bow Wow, Da Brat, Boyz II Men, Monica, Weezer, Jay-Z, Tamar Braxton, Lil Wayne, and many others.
Because of this, it’s not hard to see why Jermaine’s critics think he deserves a wealthier status. A recent gig, though, where he performed alongside one of his numerous colleagues, may give him a boost.
How Much Property Does Jermaine Dupri Own?
His mansion in northwestern Atlanta went into foreclosure in 2011. The foreclosure process was paused for a while but picked back up in 2012. After Dupri failed to repay a $2.5 million debt on the mansion, the lender decided to sell it at auction. It appears that he lost his Atlanta, Georgia, residence in the Mount Paran neighborhood to foreclosure in 2014, as well (the home had been posted for sale in December 2012).
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Financial Struggles of Jermaine Dupri
Jermaine Dupri has fallen on hard times financially despite his $60 million net worth in 2006 and $11 million in earnings in 2008. He owes almost $2.5 million in back taxes from 2003 to 2005 and around $183,000 in 2008 alone. The overall tax amount for 2012 was $254,782.64, but Dupri ended up paying $493,818.75. After he failed to submit a tax return for 2007, fines and interest were added to the total amount owed.
SunTrust Bank filed a lawsuit against Dupri in 2013 for the unpaid $5 million loan he took out from the bank in 2010. When Dupri defaulted on his bank loan, he was forced to liquidate his recording studio and the entire So So Def music catalog, which included songs by Da Brat, Bow Wow, Kriss Kross, Xscape, and others, in order to pay off his debt.
If you want to check out more celebrities’ net worth then you can pay a visit to our site venturejolt.com where we have covered their wealth.
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