DMX’s ex-wife, Tashera Simmons, reveals a nearly billionaire status and financial missteps of the late rapper.
- At one point, DMX earned $10 million for a movie and raked in millions from shows, nearing billionaire status.
- Despite his earnings, DMX’s lack of business acumen led him to pass up lucrative deals, including one with JAY-Z.
- DMX’s generosity knew no bounds, spending lavishly on friends and family and even funding entire funerals.
- Financial troubles plagued DMX, culminating in multiple bankruptcies and a prison sentence for tax fraud.
Tashera Simmons, DMX’s ex-wife, recently shared insights into the late rap star’s financial journey, suggesting that he was once on the brink of becoming hip-hop’s first billionaire. Despite his monumental success, she highlighted some financial decisions that prevented him from reaching this milestone.
During DMX’s peak, he commanded an impressive $10 million per movie and could make millions from individual shows. According to Simmons, there was a point where their bank account balances seemed endless, inching them closer to billionaire status.
However, DMX’s understanding of business wasn’t sharp. Simmons recalled a significant missed opportunity with former Def Jam affiliate JAY-Z. “They asked X about the Barclays Center. I’ll never forget it,” she shared. Despite seeing potential in the investment herself, DMX opted out, demonstrating some of his questionable business decisions.
DMX’s heart was as big as his bank account. He generously spent on friends and family, even covering entire funeral expenses for others. His extravagant lifestyle also included vacationing by renting entire hotels, sometimes costing $150,000 a day. Such habits significantly drained his wealth.
Despite selling tens of millions of albums and starring in multiple blockbuster films, DMX’s financial troubles caught up with him. He declared bankruptcy three times and served time in prison due to tax fraud, eventually leaving behind substantial debt when he passed away in 2021.
In an attempt to preserve DMX’s legacy, his fiancée and daughter reached a deal with Artist Legacy Group. They hope this partnership will honor his music and continue to inspire fans, keeping his spirit alive.
DMX’s journey reflects the highs of immense success and the lows of financial mismanagement, leaving a lasting legacy of what could have been.
