Lil Kim Net Worth 2023: How Rich Is The Rapper Actually In 2023?

Posted by Eliza Grace February 3, 2023
lil kim net worth

Lil Kim Net Worth and Salary: Lil Kim is an American rapper, actor, model, voice actor, writer, philanthropist, dancer, and reality TV personality from New York City, New York.

Her real name is Kimberly Denise Jones, better known by her stage names Lil’ Kim, Queen Bee, or Queen of Hip-Hop.

Lil Kim became one of the most revolutionary voices in the world of hip-hop, debuting in the 1990s with tracks such as “No Time” and “Big Momma Thang” while continuing to create music to till this day. Kim first rose to fame after being the founding member of the popular rap group called Junior M.A.F.I.A. 

She is widely regarded as one of the most successful and talented female rappers of all time. Apart from being a member of a Mafia group, she also gained a lot of fame with her successful solo career which she started in the late 1990s.

Kim inspired one of the big names in the hip-hop industry including rappers like Niki Minaj, Megan Thee Stallion, and Cardi B, to name a few.

With a legacy like that, you might expect Lil Kim to be one of the most wealthy and financially stable artists in the game, but the truth of the matter is according to recent reports, she’s anything but.

While the internet seems torn on her overall net worth, she has a net worth of $500,000 is currently. In June of 2018, Lil Kim filed for bankruptcy in the state of New Jersey which is where her 6,000-square feet home is located in the city of Alpine.

At the time she reportedly owed $1.5 million in the back of texas to the federal government and more than $660,000 in late mortgage payments. Eventually, the government threatened to put her home for auction.

Lil Kim was also arrested and convicted of perjury and conspiracy for lying to a federal grand jury and was sentenced to spend a year in jail.

Net Worth 2023:

Lil Kim’s net worth is expected to reach about $500 thousand by 2023. She is one of the most well-known female rappers in the country, with multiple hit tunes to her credit. Kim has sold over 15 million records and over 30 million tracks worldwide.

Her commercially successful albums are The Notorious K.I.M. and La Bella Mafia, both of which garnered her a lot of fame. Lil Kim’s annual salary is around $250k. She also has her own YouTube page, where she posts music videos.

Read More:

Early Years

Kimberly Denise Jones was born on July 11, 1974, in Brooklyn, New York. Her horrific backstory is that her youth influenced the persona she established during her career. Kim went to New Rochelle with her mother Ruby Jones after her parents divorced and began a period of homelessness.

Kim was just 9 years old at the time, and due to her continual financial troubles, she eventually returned to live with her father Linwood Jones, a former member of the military, in Brooklyn. Her father operated a tight family but indulged his daughter by buying her Gucci outfits, which made her friends jealous.

Still, she and her father fought often, to the point when Lil stabbed him in the shoulder with a pair of scissors. Kim soon left him again and began couch surfing at friends’ houses while also delivering narcotics for dealers to get some extra money. Despite this, Lil Kim grew up with her older brother, Christopher Jones.

Kim attended Queen of All Saints Elementary School before enrolling in Sarah J. Hale Vocational High School as a child in Brooklyn. After falling out of high school, Kim began living on the streets. She went on to complete her secondary school education at Brooklyn College Academy.

Early Career

Everything changed for Kim when she met famed rapper Christopher Wallace, also known as The Notorious B.I.G., who was impressed by her rapping abilities. From then on, the rapper swept her off her feet and became her mentor and lover. During this period, Kim was a member of Junior M.A.F.I.A., Biggie’s 90s Brooklyn-based crew.

The first song she appeared on was “Player’s Anthem” in 1995. Kim was only 17 years old when the song was released, but no one could deny her brilliance and talent. It was also during this period that she chose the stage moniker “Lil Kim.”

Many people have speculated throughout the years how much of Lil’s character was her creation and how much was Biggie’s. While he surely contributed to her appearance and sound. She rapped with a lot of basses at first, but after hearing how she modified her sound for the song Backstabbers, Biggie told her that softening her voice would be her golden ticket.

On August 29, 1995, the crew released their debut album, Conspiracy, which charted at #8 on the Billboard 200 in the United States. The album sold over 69,000 copies in its first week and was certified gold by the RIIA at the end of 1995. Furthermore, the album contains successful songs such as “Get Money,” “Player’s Anthem,” and “I Need You Tonight.”

Lil Kim chose to pursue her solo career shortly after joining Junior M.A.F.I.A, and she began recording her debut album.

Independent Career:

Kim released her debut album, Hard Core, in November 1996, and it was a triumph, earning double platinum status from the RIAA and selling over 6 million copies worldwide. Not to mention that the album peaked at #3 and $11 on the Billboard 200 and R&B charts in the United States, respectively.

Her following albums were The Notorious K.I.M. (2000) and La Bella Mafia (2003), both of which earned platinum. Furthermore, her image influenced a generation of female rappers such as Nicki Minaj, Cardi B, and Megan Thee Stallion, all of whom have paid their respects at Kim’s altar.

The Notorious K.I.M. topped the R&B and Billboard charts in the United States. Her other album, La Bella Mafia, debuted at #4 and #5 on the R&B and Billboard charts in the United States.

Kim collaborated with Christina Aguilera, Pink, and Ma in March 2001 to rework Bell’s song “Lady Marmalade” for the Moulin Rouge! film soundtrack, which was hugely successful.

The song was number one on the Billboard 100 list for five weeks in a row. Kim was firmly established as one of the most sought-after rappers when they won a Grammy Award in the area of Best Pop Collaboration.

Troubles:

Later that year, while giving a radio interview on Hot 97 in Manhattan, a man was shot and seriously injured outside the building.

According to sources, the perpetrators were members of Kim’s entourage, and when the case went to trial, Lil informed the grand jury that she had no idea members of her inner circle were present at the time.

The issue is that the radio station footage showed Kim and the men being charged with the crime outside the premises. As a result, Kim was convicted of perjury and conspiracy in March 2005 for lying to a federal grand jury. She was fined $50,000 and sentenced to a year in prison.

Her fourth album, The Naked Truth, was released while she was in prison. After launching at the top of the Billboard charts, it quickly fell down the list. Despite its low sales, critics liked the album, labeling it “the Greatest Album of All Time by a Female Rapper.”

Kim was freed from prison after serving 366 days and struggled to get her career back on track after that. Kim quit her long-term label, Atlantic Records, in 2008 with the purpose of going independent. That same year, she produced a couple of mixtapes that were critically lauded but didn’t garner much notice.

Breakthrough:

Kim went on to become a reality TV star, appearing in shows and also competing in the eighth season of ABC’s reality show Dancing With The Stars, where she became such a fan favorite that when she was eliminated, the audience booed. I

Lil and her partner, Derek Hough, were removed from the show in May 2009 after finishing fifth.

By 2011, Kim had collaborated with Nicki Minaj and released her Black Friday mixtape, which featured Nicki on the cover. She followed up with two additional mixtapes, Hardcore in 2014 and Lil’ Kim Season in 2016. Kim’s fifth studio album, 9 was ultimately released in October 2019.

That same year, Kim was honored by the BET Hip Hop Awards, and her performance on that night featured a medley of her prior hit songs, reminding us all of how talented she has always been.

Kim has since teased a new album, which is expected to be released soon and will be produced by none other than Toronto rapper Torry Lanez.

In addition to establishing herself in the realm of television, she executive produced a fresh new VH1 reality television show dubbed Girls Cruise, which followed her and pals on a 10-day Caribbean cruise.

Personal Life

Lil Kim began dating legendary rapper Christopher Wallace (The Notorious B.I.G.) in 1993. Until she became pregnant with his child, the pair had an on-again, off-again relationship.

She had an abortion after becoming pregnant with Biggie’s child while recording her debut album Hardcore.

Kim established herself as an industry legend, and by the time her mentor and partner The Notorious B.I.G. died in March 1997, she was heartbroken yet able to carry on without him. In 2017, Lil Kim confessed that her relationship with Christopher was quite violent.

Kim was in a relationship with gang boss Damion “World” Hardy from 2002 to 2004, and in 2004, she began dating record producer Scott Storch.

Kim, who gave birth to her daughter Royal Reign in 2014, has hinted that her daughter may one day opt to follow in her mother’s footsteps and work in the music industry. Kim has started teaching her daughter, but she is already sure that she is destined to be a star.

Endorsements:

Kim also collaborated with the UK-based retailer Pretty Little Things to produce a new range of eye-catching and on-brand pieces such as leopard print skirts with ultra-high slights, plunging body suits, and barely there mesh tops.

Lil Kim has established herself as one of the top hip-hop celebrities, and the rapper has done endorsement work and print commercials for a variety of products, including,

  • Cosmetics by MAC
  • Viv Glam/Mac Cosmetics
  • MAC Lipstick Viva Glam III
  • Vodka Cîroc
  • Purple Vodka Three Olives Vodka
  • She has also appeared in television ads for well-known brands such as Graphic Hoods, Apple, and Old Navy.

Property investment

Kim has been struggling financially for a number of years. Lil Kim relocated to New Jersey in 2003, an upscale enclave just 15 miles from Manhattan and one of the wealthiest areas in America. She paid $2.3 million for her first home, which was built in 1989.

The mansion lies on more than 2 acres of beautiful grass and has 6,000 square feet of interior space, so there’s plenty of room to party.

According to recent property records, the mansion is now valued at more than $3 million. Many other celebrities, like Chris Rock, P Diddy, Mary J, and others, live in the same building.

Lil Kim currently has a net worth of $500 thousand.

Bankruptcy:

Lil Kim lived in this mansion for over 8 years before it was foreclosed on in 2010. Kim began making monthly payments of roughly $10,000 at the time, which she discontinued in 2015.

As a result, the judge later determined in 2017 that Kim was in default, which meant her house may be auctioned off. Despite the mansion’s overall value of $3 million, the initial bit cost merely $100.

So the only thing she could do was advise Kim to declare bankruptcy. Kim’s financial stats looked somewhat like this at the time: she had over $2.5 million in assets but also had more than $4 million in liabilities. Kim owes up to $1.8 million in Texas banks alone.

In 2016, her annual revenue fell from $820,000 to around $400,000. Despite this, Lil was spending over $2,000 on her outfit, more than $10,000 per month on travel, and $2,000 on staff.

Kim proposed repaying her millions by paying $5,500 per month for 60 months after putting together her debt-reduction plan.

Kim was ordered to pay her creditor more than $32,000 immediately, followed by $10,000 in monthly installments to repay her obligation.

The judge informed Kim that if she missed even one payment, the creditor would be able to seize her home and sell it to the highest bidder. According to some sources, Kim is still residing in this opulent estate in New Jersey.

FAQs

What is Drake’s net worth in 2022?

Drake’s net worth is estimated to be $260 million as of 2022, based on his global album sales, musical label partnerships, and concerts.

What is Lil Kim’s net worth?

Lil Kim’s net worth is currently $500,000.00.

How much does Lil Kim earn in a year?

Lil Kim earns $250k per year.

Lil Kim, how old are you?

Lil Kim was born Kimberly Denise Jones on July 11, 1974, in Brooklyn, New York at the age of 48.

Exit mobile version