What is Ray J Net Worth? Ray J net worth is estimated to reach 50 million dollars in 2021, but what are the main sources of Ray J income? What are Ray J earnings from his roles in TV shows, movies and music? How much has Ray J earned from endorsements and business ventures? Find out more about Ray J’s estimated net worth in 2021…
Early Life & Career
Born William Ray Norwood Jr. on March 17, 1981, to Willie Norwood and Sonja Bates-Norwood, and brother of Brandy Norwood (the musician). As a child actor he appeared on The Sinbad Show as well as several other television programs. In 1995 he was an opening act for his sister’s tour. His career has been more hit or miss than his sister’s, but he is still a significant celebrity and makes most of his money from royalties from merchandise with his name on it. He also made a lot from acting, producing and directing adult films.
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Net Worth from Acting Career
There’s no doubt that Ray J is a very talented actor. After all, he has starred in many popular television shows such as Love and Hip Hop, as well as films like Money Talks. However, these days Ray J doesn’t appear to be doing much acting work. In fact, most of his recent Twitter posts are about promoting music events. Based on Social Blade , Ray J currently earns around $13k per month from his acting career alone which is a lot less than net worth reports indicate (especially considering how much time he put into acting). His net worth may increase slightly if he begins to take on more film roles again but it doesn’t seem likely.
Net Worth from Music Career
$4 million. In 2005, he released his debut studio album Everything You Want, which went gold. That same year, he released a second album titled I Made It. The album’s lead single One Wish reached number three on Billboard’s Hot 100 chart and was certified platinum by RIAA for sales exceeding one million copies. His third studio album and follow-up to I Made It is entitled, This Is My Moment. The album sold 522,000 copies domestically and is certified gold by RIAA. Overall Ray J net worth from music career stands at $4 million as of 2016.
The celebrity has been making a lot of money by his tour, songs and tours. He is also very good at doing commercials. His revenue from music, tours and tv commercials will keep increasing from 2017 to 2021. The estimated total income from these sources is $7 million per year in 2021. This adds up to $28 million over 6 years.
Endorsement deals are one of Ray J’s main sources of income. It includes TV commercials for products and services, sponsorships, product placements, as well as other kinds of endorsements like social media influencer campaigns or sports. In 2011 he made his debut on Fox’s MasterChef season 1. Since then he’s been on several popular shows including The Voice, New York Undercover, 30 Rock, and many more. All these appearances contributed to Ray’s fame and made him recognizable by mainstream audiences worldwide. As a result, Ray is offered to work with several brands which are willing to pay him for their products promotion or for endorsing them.
Legal Settlements and Other Income
The rapper/actor has reportedly received several large payments from legal settlements. He was awarded $1.3 million for his participation in a lawsuit against Vivid Entertainment, which released an unauthorized sex tape featuring him and Kim Kardashian . He also settled with ex-girlfriend Princess Love for $400,000 to end their assault case against each other. More recently, he received a $500,000 settlement from a defamation lawsuit against Lee Daniels and Fox after it was implied that he was gay on Star . In addition to these sizeable lump sums of money, Ray J regularly earns six figures annually through endorsement deals and appearance fees. His concert tour with Brandy brought in over $8 million total.
Assets & Properties
Let’s start by looking at his real estate assets and holdings. During an interview with The Breakfast Club radio show, Ray J stated that he has four houses worth $2 million. He also added that he purchased a $1.4 million home for his parents and a 3,700 square feet home for himself close to $800,000. In addition to all these properties, he also owns three cars which are Range Rover Sport, Mercedes Benz and Bentley Continental GT Coupe which have a combined price of over $750K. Looking at all these houses and cars owned by Ray J makes him worth more than millions without adding anything else to it! Let’s move forward and find out how rich is Ray J in 2019?
Ray J Net Worth
Ray J net worth is estimated to reach 50 million dollars in 2021,
Last Updated on January 16, 2022
Andrew Smith is a professional News researcher and writer. He has been writing latest tending news articles for various news agencies.