Jermaine Dupri Mauldin, better known as Jermaine Dupri, is an American record producer, rapper, entrepreneur, and songwriter. His albums “Life in 1472” and “Instructions” are well known.
In addition to this, he has written other songs, such as “Traces of My Lipstick,” “Totally Krossed Out,” “Da Bomb,” “Hummin’ Comin’ at Cha,” “Heart Mind & Soul,” “Other Side,” and “One in a Million.”
The popular musicians the rapper has collaborated with during his career include Kris Kross, Usher, Mariah Carey, Monica, Janet Jackson, Alicia Keys, Da Brat, Jay-Z, Aretha Franklin, and Bow Wow.
Dupri is also a songwriter, DJ, and television producer in addition to being a rapper and record producer. During his youth, he also participated in the hip-hop dance ensemble “Whodini.”
Before he became a rapper, he opened his own business, Rap Corna Guuds. Dupri is now well-known, and he has millions of fans on Facebook, YouTube, Instagram, and Twitter.
Jermaine Dupri Net Worth: How Much Money Does He Make?
Jermaine Dupri estimated net worth of $2.5 million. Jermaine had a successful run as a music producer in the 1990s, working with musicians like Jay-Z, Da Brat, Mariah Carey, and Kriss Kross.
At his height, his wealth exceeded $60 million, according to estimates, and his music collection was at least $20 million in value.
|Full Name||Jermaine Dupri Mauldin|
|Net Worth||$2.5 million|
|Date of Birth||September 23, 1972|
|Place of Birth||Asheville, North Carolina|
|Age||50 years old|
|Height||5 feet 3 inches|
|Profession||American Songwriter, Rapper, and Record Producer|
Jermaine Dupri Real Estate Investment
2011 saw the beginning of the foreclosure process for his mansion in northwest Atlanta. For a while, the foreclosure was put off, but it started up again in 2012.
Following Dupri’s default on the $2.5 million loan he took out to purchase the property, the home was auctioned off.
His house in Atlanta’s Mount Paran area was likewise listed for foreclosure in December 2012, and it appears he lost this house in 2014.
The Early Years of Jermaine Dupri
On September 23, 1972, Jermaine Dupri Mauldin was born in Asheville, North Carolina. Michael, his father, was a manager for Columbia Records.
When Jermaine was young, his career got started. Dupri came up on stage to dance with Diana Ross during a 1982 Atlanta performance that his father organized.
When he was just 12 years old, he began dancing with the hip-hop group Whodini. He made an appearance in the group’s 1980 smash music video for “Freaks Come Out at Night.”
He started working with young musicians in the Atlanta region when he was a teenager and danced for Run DMC and Grandmaster Flash.
Jermaine Dupri Career Success in the Music Industry
Dupri, when 18 years old, produced a song for the female rap group Silk Tymes Leather in 1990. Although the record did not do well, Jermaine learned a lot from the experience.
Dupri’s first significant success came after he found two young rappers in a nearby mall. The successful singles “Jump” and “Warm It Up,” both of which Dupri composed and produced, was featured on their self-titled first album, which he produced.
In 1993, Dupri launched his own record company, So So Def. Dupri discovered and signed the female R&B group Xscape not long after launching So So Def.
The singles “Understanding,” “Tonight,” and “Just Kickin’ It” were all off their platinum-selling debut album “Hummin’ Comin’ at ‘Cha,” which was produced entirely by him.
He signed Da Brat to his company and issued her self-titled first album the following year. As the first female rapper to sell more than one million albums, she made history.
Dupri worked with Jay-Z, Lil Bow-wow, Boys II Men, and many others in addition to So So Def. 20 gold and platinum albums were subsequently acquired by So So Def Recordings.
Dupri and Mariah Carey collaborated for the first time on the top-charting single “Always Be My Baby” in 1995.
He also worked on Lil’ Kim’s 1996 album “Hard Core,” which featured the song “Not Tonight.”
Dupri continued to produce hit albums and songs for Usher, Monica, Destiny’s Child, Lil Wayne, Weezer, Tamar Braxton, and Jay-“Life Z’s in 1472” during the rest of the 1990s.
Early in the new millennium, Dupri collaborated on “The Emancipation of Mimi” once more with Mariah Carey and Usher. Additionally, he collaborated with Bow Wow, Nelly, and Boys II Men once more.
In October 2007, Dupri released his autobiography, “Young, Rich, and Dangerous: The Making of a Music Mogul.”
Dupri and Queen Latifah collaborated on the reality television program “The Rap Game” in 2015. The program debuted on Lifetime on January 1st, 2016.
Five teenage rappers, ages 11 to 16, who were being mentored by Dupri, Usher, T.I., Ludacris, and others, performed on the show. 2018 saw the induction of Dupri into the Nashville Songwriters Hall of Fame.
Dupri and So So Def was the subject of an exhibition at the Grammy Museum in Los Angeles that year titled Jermaine Dupri & So So Def, 25 Years Of Elevating Culture.
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Jermaine Dupri Financial Struggle
Jermaine Dupri has faced financial hardships despite having a net worth of $60 million in 2006 and earning $11 million in 2008.
In addition to the estimated $2.5 million owing between the years of 2003 and 2005, he was fined an estimated $183,000 in unpaid taxes in 2008.
Dupri was required to pay a total of $493,818.75 in taxes in 2012, even though his initial bill was only $254,782.64. After he neglected to submit a tax return for 2007, the fines and interest were increased.
Dupri was sued by SunTrust Bank in 2013 for failing to repay a $5 million debt that he had taken out three years earlier.
To pay with the bank, Dupri was obliged to sell his recording studio and his So So Def music collection, which included songs by Da Brat, Bow Wow, Kriss Kross, Xscape, and others.
He put up the song copyrights owned by his record label, So So Def, as collateral. Dupri countersued the bank, claiming that the value of his studio was $2.5 million and that the value of his music collection was $20 million.
He demanded attorney expenses and damages of at least $216,000 in total. In June 2015, a judge ordered Dupri to pay SunTrust bank a total of $1,820,593.10 as part of the settlement of the lawsuit.
The entire sum of the imposed payment, including interest of $225,146.80, was $2,045,739.90. Dupri was issued a lien on May 29, 2018, allegedly for failing to pay $575k in overdue taxes.
His failure to pay income taxes for the years 2012, 2014, and 2015 is charged in the lien. The Georgia Department of Revenue asserts that Dupri owes $578,638 in taxes in total.