What is DMX's net worth? Inside rapper's wealth after bankruptcy claim and how much his 15 kids can inherit
The rapper lost most of his wealth due to his legal problems, multiple arrests and drug abuse issues
Rapper Earl Simmons aka DMX has now been removed from life support following his cardiac attack and is currently in ICU undergoing treatment. However, his prognosis is 'not looking good', according to TMZ. "Earl has been a warrior his entire life. This situation represents yet another road he must conquer," his representative said in a statement, amid fans pouring in their support and wishes from across the world.
DMX is the father to fifteen children in total - four of whom he shares with his ex-wife Tashera Simmons and other kids with multiple other women as well as a son with his present fiancée Desiree Lindstrom. The 'Ruff Ryders' Anthem' rapper has faced several criminal charges and served jail sentences for animal cruelty, reckless driving, weapons and drug possession. He rose to fame with his 1999 album 'And Then There Was X' and has accomplished substantial success in his music career ever since. Read more to find out about DMX's net worth and other personal details.
What is the net worth of DMX?
The New York-born hip-hop artist has been in the music industry for more than two decades during which he achieved commercial success and widespread acclaim. In fact, his debut album 'It's Dark and Hell Is Hot', sold 251,000 copies in just the first week of its release in 1998. It has sold over 5 million copies till now.
Over the course of his career, DMX has released seven studio albums which sold more than 70 million copies worldwide. The three-times Grammy Awards nominee and AMA winner also had a simultaneous acting career as he had starred or played supporting roles in eight films.
However, DMX has faced financial struggles due to his longstanding legal issues and drug abuse problems. His career and success were hampered by his addiction to crack cocaine and his multiple incarcerations. He has a present net worth of negative one million dollars (-$1 Million), according to Celebrity Net Worth.
How much debt does DMX have?
In July 2013, DMX filed for bankruptcy at a court in Manhattan, when he claimed to have approximately $50,000 in assets. His debt to various creditors was assessed to be somewhere between $1 million and $10 million including $1.24 million in child support.
His attorney stated at the time that the debts were preventing the rapper from getting a passport for many years, which restricted him from performing overseas. His filing was challenged and later dismissed the same year by the US Bankruptcy Court in Manhattan.
While filing for bankruptcy, DMX cited child support obligations as his priority claim. In fact, in the past when DNA results proved him to be the father of Monique Wayne's son, he was ordered to pay her $1.5 million.
In 2017, the rapper was charged with 14 counts of tax fraud, amounting to a total of $1.7 million. He was even jailed for nearly a year - from March 2018 to January 2019 - for tax evasion. As per Celebrity Net Worth, he still owed $2.3 million to the IRS during his 2019 release from jail, which will be procured by the government from his income till the debt is paid. He is expected to make monthly payment installments for the same until complete repayment.