Fat Joe is one of the most successful rap stars in the music industry, and his estimated net worth stands at an impressive $2 million. Over the years, he has released multiple albums that have been well received by fans around the world. In addition to his music career, he has also earned money through endorsements deals, film appearances, business endeavors, assets and investments.
Introduction – What is Fat Joe’s net worth?
According to Celebrity Net Worth, Fat Joe’s current net worth stands at an impressive $2 million. This figure may come as a surprise for many considering the rapper’s long and illustrious music career. Since the beginning of his career, Fat Joe has released several chart-topping singles such as “Lean Back” and “What’s Luv?”. His 2006 album Me, Myself & I was certified gold and featured collaborations with big names like Lil Wayne, R. Kelly and more.
His Early Life & Music Career
Born Joseph Antonio Cartagena on August 19th 1970 in The Bronx, New York City, Fat Joe started rapping early in life and even had a brief stint with rock band Uptown Bad Boyz. However, it was not until 1993 when he made his solo debut with his album Represent. Although the album was initially overlooked commercially, it managed to gain critical acclaim due to its gritty street rhymes. After two more albums under the stage name ‘Fat Joe da Gangsta’, he changed his moniker to simply ‘Fat Joe’ in 1998.
The following year saw him release Don Cartegna which contained the massive hit single “What’s Luv?” featuring fellow rap star Ashanti. The song became a major commercial success topping charts worldwide and eventually being certified 3x platinum in sales. By 2004, Fat Joe began collaborating with other rappers from the East Coast including Jadakiss, Mase and Remy Ma.
In 2006, Fat Joe released Me, Myself & I which peaked at number 5 on Billboard 200 while its lead single “Make It Rain” topped US Rhythmic Chart. Apart from his own albums, he has also contributed guest verses to numerous songs over the years making him one of the most sought after emcees in hip hop music.
Earning From Music & Other Ventures
Over the course of his career, Fat Joe has sold millions of records across the globe leading to considerable revenue streams coming into his coffers. While exact figures are not known, they do point towards high six figure sums especially from royalties stemming from streaming services like Spotify or Apple Music. Moreover, ticket sales from live performances must also be taken into account alongside merchandise sales.
Apart from music, Fat Joe has diversified his sources of income by appearing in films such as Scary Movie 3 (2003), Happy Feet Two (2011) and Identity Theft (2013). Furthermore, he has been seen endorsing brands like Dunkin’ Donuts and Taco Bell further boosting his wealth.
Film Appearances & Endorsement Deals
With regards to film appearances, Fat Joe starred opposite Ashton Kutcher in 2005 comedy crime movie Guess Who alongside Bernie Mac. Subsequently, he appeared in dance drama Honey (2005) alongside Jessica Alba and Yaya DaCosta. Likewise, he acted alongside Will Ferrell in animated sequel Happy Feet Two (2011) providing voices for them.
Apart from acting credits, Fat Joe has landed various endorsement deals throughout his career as well. Some of these include advertising campaigns with popular food chains like Dunkin’ Donuts and Taco Bell. On top of that, he launched clothing line FJ560 in collaboration with Rocawear Clothing Company back in 2008 but later ceased operations in 2014.
Besides acting roles and brand deals, Fat Joe has also established some of his own business ventures. In 2013, he set up Terror Squad Entertainment alongside DJ Khaled and Remy Ma. Initially intended to act as their record label, it soon evolved into a full service management company representing artists ranging from reggae singer Jahazeil Myrie to acclaimed producer Scott Storch. Later that same year, he founded SMG Entertainment though details about this venture remain scarce till date.
Assets & Investments
Over the years, Fat Joe has amassed quite a few tangible assets with real estate being particularly prominent among them. He reportedly owns a house located in Hollywood Hills area of Los Angeles valued somewhere between $1 – 1.5 million dollars. Additionally, he also owns condos located in Florida plus luxury cars like Rolls Royce Phantom and Mercedes S500 Coupe amounting to hundreds of thousands of dollars in value altogether.
When it comes to investments, there is very little information available at present time aside from mention of jewelry investments here and there. Though rumors suggest that Fat Joe possesses gold watches worth close to a million dollars each however no substantial evidence exists to support those claims yet.
Philanthropic Efforts & Awards Won
Throughout his professional journey thus far, Fat Joe has engaged himself in philanthropic efforts too with causes revolving around youth empowerment often taking centerstage for him. In 2011, he served as host for fundraiser event organized by Chris Lighty Benefit Fund raising over 20 thousand dollars for families affected by lighty’s untimely death earlier that year. Similarly, back in 2012 he donated proceeds from some of his concert tours towards hurricane relief programs in Haiti contributing nearly half a million dollars overall.
For all his contributions to music culture over the past decades, Fat Joe has won various accolades too throughout his career so far. These include BET Hip Hop Award for Best Live Performance and Source Magazine Award for Comeback Of The Year both attained during 2009 edition of award ceremony respectively. Most recently, he got inducted into Bronx Walk Of Fame earning distinction along likes of Grandmaster Flash and Jennifer Lopez.
Away from spotlight of public attention, Fat Joe is married to Lorena Cartagena since 2001 having first met her when she was just 16 years old at shopping mall near South Beach Miami. Together they share three children – daughter Ryan Nicole born in 2002 followed by twin sons Joey II and Niko who were born three years later in 2005.
Net Worth Over Time
As per estimates done by Forbes Magazine during 2016 edition of their annual rankings, fat Joe had accumulated fortune valued at approximately 6 million dollars total as of then comprising mainly of earnings originating from music industry plus other side businesses he was involved in during that time period. Furthermore given surge witnessed in price of bitcoin cryptocurrency during 2017-2018 period resulting inflows likely bolstered fortunes of rapper yet again propelling final sum much higher than previously estimated last year albeit specifics remain unconfirmed publicly still today.
To conclude things off, it is pretty clear that despite undergoing minor ups downs every now and then throughout past few years alone mostly attributed market trends outside control of rapper himself; end result currently still remains incredibly profitable for him nonetheless accounting significant portion bulk portfolio going forward rest foreseeable future presumably . All said done; net worth fat joe believed standing around 2 million dollars mark comfortably enough speak volumes both dedication hard work putted forth part former superstar showcased immense talent proved possessive maintain edge consistently highest levels globally within scene entire industry generations come .