Net Worth: Ray J – How Much Money Does Ray J Really Have
Ray J Net Worth and Salary: Ray J is an actor, record producer, and rapper who has a net worth of $14 million. He is perhaps best known for his participation in the “home video” that made Kim Kardashian a “superstar.” He also had a career as a singer and TV host.
Ray J and sis Brandy collaborated on Another Day in Paradise which resulted in a top ten hit in the UK, Austria, Germany, Sweden, Switzerland, Belgium, Norway, Ireland and the Netherlands. Ray J released his second album This Ain’t a Game in June 2001. The lead single Wait a Minute reached #30 on the US charts.
After a two-year hiatus, Ray J founded his own record label, Knockout Entertainment, in 2004, which has self-released music for artists such as Brandy, Shorty Mack, and Ray J. Ray J has collaborated with other notable producers and record artists like R. Kelly , Timbaland, Lil Kim and The Neptunes. During this time he also put the finishing touches on his third studio album, Raydiation, which was released in September 2005 and debuted at #48 on the Billboard 200 chart. One Wish, the album’s lead single, was a Top 20 hit in the US, UK, Ireland and New Zealand. Domestically, it sold 400,000 copies. Ray’s fourth album All I Feel, which features The Game and Yung Berg on the album’s first single Sexy Can I, was released on April 1, 2008. The single peaked at #3 on the Top Singles Hot 100 for six weeks. A video for the track, directed by R. Malcolm Jones, was made in December 2007.
Ray J is the founder of Raytroniks, a line of consumer electronics that includes e-bikes, smartphone-controlled fans, and smart watches. Ray J implemented a comprehensive viral marketing strategy for the Scoot e-bike. This has included earning secure product placements from various celebrities such as Cousin Snoop, Chris Brown, Sean Puffy Combs, Justin Bieber and others, including endorsements for sports teams such as the LA Clippers and Los Angeles Rams. In November 2017, Ray J and Cowboy Wholesale inked a multi-million dollar deal to expand the Scoot e-bike with products geared toward an electrified lifestyle: Bluetooth audio and drones included.
Personal Life: In February 2007, a homemade sex tape video that Ray J. shot with Kim Kardashian in 2003 was released. According to Vivid Entertainment President Steve Hirsch, Ray J typically earns $90,000 in royalties every three months for his “home video” with Kim Kardashian. That equates to $360,000 a year, which is pretty impressive considering the tape is almost two decades old. When Kim is in the news, like at her wedding or appearing nude on the covers of paper magazines, Ray J’s royalties are known to jump to as much as $50,000 a week. After filing a lawsuit, Kim herself received a one-off $5 million lump sum settlement in 2007 for her role in the video.
Real Estate: In June 2019, Ray J announced that he had started his own marijuana line called William Ray LA and reportedly spent $5 million of his own money to build the company. In August 2019, Ray J. announced that he had signed on as senior strategic media officer for MarijuanaStock.org. According to documents obtained by TMZ, this position will bring Ray J $1 million a year!
Personal Life: Ray J had a very close relationship with Whitney Houston in the last few years of her life. While it has been speculated that they had a romantic relationship, Ray J. has insisted they were just friends and never dated. When she died on February 11, 2012, he was in San Diego and rushed to the Beverly Hilton, where she died. He reportedly became angry after hearing one of the police officers at the scene make a disrespectful comment about Houston. Ray Jay was restrained as he attempted to force entry into the hotel. Ray’s sister, Brandy, described Ray J as very distressed and depressed at the time of Houston’s death.
On May 21, 2012, Ray was found in his hotel room unable to get out of bed. He was taken to the hospital in an ambulance. The day before, it was reported that he had a confrontation at the 2012 Billboard Music Awards when Whitney Houston’s sister-in-law (Pat Houston) called security on him when she saw him sitting next to Whitney’s daughter Bobbi Kristina Brown.
Ray married fashion designer Princess Love in August 2016 in Los Angeles. Their first daughter was born in May 2018 and their son in January 2020.
|$1 million a year
|January 17, 1981 (39 years old)
|5ft 6in (1.7m)
|Singer, Actor, Record Producer, Musician, Songwriter, Rapper, Artist, TV Producer, Music Artist
|United States of America