Wednesday, May 26, 2021

DMX's Estate Worth Less Than $1 Million


Last month rapper DMX died after a heart attack triggered by an alleged drug overdose [click here if you missed that]. 

Now his children are fighting over his estate that has been valued at less than $1 million and maybe as little as $50,000... 

Hip-hop legend DMX, despite selling more than 74 million albums across a wildly successful career in music and movies, left behind an estate worth less than $1 million — and perhaps less than $50,000, according to court papers.
The dueling and daunting estimates appeared in a pair of court documents filed by five of rap icon Earl Simmons’s 15 children.
The first Surrogate’s Court filing in Westchester County came May 10 from DMX’s daughters Sasha Simmons and Jada Oden, while court papers dated May 21 were filed on behalf of sons Xavier, Tacoma and Sean Simmons.
Both groups are seeking to become administrators of the rap star’s estate.
The women estimated the worth of the DMX estate at less than $50,000, while the sons put its value at under $1 million despite his emergence in the late ‘90s as one of rap’s biggest stars alongside Jay-Z and Method Man.

12 comments:

Lacy said...

Sad

Unknown said...

Damn. That is so sad if true. Even though I feel X is overrated he definitely made a huge impact in hip hop. To only have an estate worth 50k is TRAGIC. 50k divided amongst 15 children???? That aint shit. Wtf happened to this man?? He had so much potential and he could have had a successful acting career like Ice T and Ll Cool J. I bet when they die their estates and gon be worth no 50k.

Pathetic

Malika said...

@7:27 Drugs. Drugs are what happened to him.

R in NYC said...

Drugs and lack of condom usage.

Anonymous said...

Having 15 kids ain't cheap

Anonymous said...

Thats why people keep telling these talented artist to not sign these 365 contracts. Yes, you get studio time and a record deal however, you are signing your millions over to the execs to only tell you you aint got not more money.

Anonymous said...

Koonye West sold some dmx tee shirts raised 1 million and donated it to the family so I heard.

Sad but this is how the music industry is and this is why hell even Anita baker saying don't buy or stream my music cause she ain't getting shit. Own your own masters! Much love to master p!

Kupcakeshay said...

Wow-I know they are not fighting over that lil change, keep your jobs...ijs.

Anonymous said...

In the words of Oprah, You get two dollars, and you get two dollars and the last child gets 2cent. Bloop

Anonymous said...

This happens in most family's that have large assets and no Will. Everybody want a piece.

OWN YOUR MASTERS!!! said...

PLEASE... THIS ESTATE ESTIMATE DOES NOT INCLUDE HIS MASTERS WHY? BECAUSE HE DOEST OWN THEM.

DMX MASTERS ALONE ARE WORTH AT LEAST 200 MILLION THAT DOESNT INCLUDE INTELLECTUAL PROPERTY RIGHTS, COPY RIGHT, MOVIE ROYALTIES, AND MUSIC ROYALTIES.

THE QUESTION IS ........

WHO OWNS ALL OF THIS??? AND WHY NONE OF HIS INDUSTRY FRIENDS STEPPED IN TO SCHOOL HIM ON OWNERSHIP OF HIS BRAND AND WHAT HE CREATED.

Anonymous said...

I dont believe they are fighting. They are aligning themselves to get what's rightfully due to them and their father's estate.

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