DMX's Net Worth At The Time Of His Death Might Surprise You

Publish date: 2024-05-03

How did DMX, a well-known award-winning music artist, fall into such a big money hole? 

When the rapper and actor filed for bankruptcy in 2013, he had already accumulated between $1 million and $10 million worth of debt, per Celebrity Net Worth. As the father of 15 children, according to US Weekly, DMX also reported that his child support debts had reached $1.24 million.

In the mid-2000s, Jay-Z helped DMX in a big way. He pardoned him from approximately $12 million in debt, which was owed to the record label Def Jam. Jay-Z was appointed as president of Def Jam in 2006, and made the move so that DMX could leave the label and sign a new contract with Columbia Records, per Genius. Unfortunately, this was not the end of DMX's financial troubles.

In 2017, DMX was charged with 14 counts of tax fraud and was sentenced to a year in prison. Distractify reported that he still owed $2.3 million to the IRS in 2019. The government even garnished DMX's income, meaning they legally withheld money from his paychecks.

Though the Simmons family will need to work with the government and DMX's other creditors to resolve his negative net worth, for now they are just mourning his loss.

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