Fabolous Net Worth
Fabolous Net Worth: $23,000,000
Sources: Street Family Records, Desert Storm Records, Island Def Jam Records, Ciroc Entertainment, Rich Yung Society Clothing
John David Jackson, who goes by the stage name Fabolous, is a Brooklyn-based rapper with a net worth of $23 million. After hitting the mainstream as a breakout artist on Desert Storm Records, Fabolous is now a multimillion-dollar earning rapper, with strings of successful albums and his own clothing company to his name.
Fabolous’ hip-hop career began in his last year of high school, in 1998. His natural rapping talent was enough to land him a spot on the DJ Clue radio show, hosted on New York City’s Hot 97 FM. Known as the “King of the Mixtape,” DJ Clue is now famous for helping break out artists like DMX, Notorious B.I.G., and Foxy Brown into the mainstream. DJ Clue took notice of Fabolous performance, and soon had him signed to Desert Storm Records, a label run by Clue’s partner Ken “Duro” Ifill.
Fabolous dropped his first album, “Ghetto Fabolous,” on Desert Storm in 2001. The album featured production from DJ Clue and Duro as well as big-name guest producers like Rick Rock and the Neptunes. It debuted at number four on the Billboard 200 chart and sold over 143,000 copies in its first week. The album also included the single “Can’t Deny It” featuring Nate Dogg – the song that first established Fabolous as a real hip-hop hitmaker.
Loso’s next two albums, 2003’s “Street Dreams” and 2004’s “Real Talk,” unleashed a string of hits, including the top five singles “Can’t Let You Go” and “Into You.” Three years later, Fab would sign to the iconic Def Jam records, but not before making headlines for being shot in the leg and subsequently charged with weapons possession in 2006 (which he later was found not guilty for). His first Def Jam album, 2007’s “From Nothin’ to Somethin’” was his biggest hit to date, debuting at number two on the Billboard 200 chart. The album featured guests like Young Jeezy, Swizz Beatz, Timbaland, Ne-Yo, and T-Pain.
His next album, 2009’s “Loso’s Way,” became an even bigger hit, debuting at number one on the Billboard 200 and selling 99,000 copies in its first week. Ne-Yo was once again featured on the album, along with other guests like Trey Songz, Lil Wayne, and Jay-Z.
As well as being a rapper, Fabolous is also a big NBA fan. Although his hip-hop allegiance is to the East Coast scene, Loso admitted in 2013 that his basketball allegiance lies on the West Coast with the L.A. Lakers. According to interviews, it was Kobe Bryant’s performance in his 1996 rookie year that turned Fab into a die-hard Lakers fan.
Ciroc Entertainment Management
In addition to being part of both the Desert Storm and the Def Jam Labels, Fabolous can also claim membership to Diddy’s Ciroc Entertainment group. Loso is currently signed to Ciroc Entertainment Management, and has also appeared in ads promoting Diddy’s Ciroc Vodka brand.
Rich Yung Society Clothing
As has become the standard for hip-hop stars with large net worths, Fabolous owns his own clothing line, called “Rich Yung Society Clothing.” Loso mentioned in an interview in 2004 that he did want to start a clothing line – and ultimately would. The brand was launched in 2006, originally selling at boutique retailers around New York City. The brand has since expanded in 2010 to be sold at a wider variety of locations.
Latest Venture: “Loso’s Way 2”
After releasing a series of mixtapes in 2010-12, Fabo announced that his next album, “Loso’s Way 2” would be released sometime in 2013 as a joint venture between Def Jam and Desert Storm. The first two singles from the album were “Ready” featuring Chris Brown and “When I Feel Like It” featuring 2 Chainz.