If there is one thing you should learn from this summary of how Bow Wow achieved a net worth of $1.5 million is how not to treat your own money. Quite frankly, it is amazing that Bow Wow still has any money left given his attitude towards what he allegedly earned. Fans and enemies who follow him on Twitter are well aware of his recent rants about giving all of his money away, so whether this was a drug or alcohol induced rant or simply a venting episode, it speaks volumes about the possibility of his net worth significantly increasing in the future.
The seller of more than 10 million albums worldwide began his career at the ripe age of 13, with a double platinum album release of “Beware of Dog.” But this number does not include the more than 14 million digital copies of the rest of his works sold over the Internet. Among those other releases he would achieve two additional platinums and two gold productions.
What is important to remember about all this teenage success is something Bow Wow said during his rise to fame – he would retire from the music industry before he hit age 30. In various interviews he claims to have made more than $20 million, so this relatively meager $1.5 million estimate shows that he spent a lot of money on nothing.
Back in 2012 the media discovered that creditors were on his trail after accumulating large amounts of debt from buying a Ferrari F430 and other trinkets that he fell behind on payments for. At the time his record label, Cash Money, was bringing in monthly revenues of a number worth howling about – $4,000. This probably wasn’t even gas money for him.
Yet he denied the reports of financial trouble, stating that he was comfortable with his current financial situation. What would follow is a visit to court for failure to pay child support, an event that would reveal more about his true financial state. During the discovery, Bow Wow claimed he only had $1,500 in checking and was leasing a Jeep for transportation. His ex was seeking $3,000 a month in child support, so the numbers were definitely out of whack.
Upon further review, it was revealed that he had future income of at least $200,000 from a contract signed with BET for his involvement in the 106 & Park series that was virtually guaranteed money. It stated he would be host of the show for a minimum of six months, and inking the contract immediately convinced the court to award his ex back support of $11,500. A minor legal scuffle with adult film star Celine Tran for video clips used in his music videos would cost him a bit more than $7,000. Being a dog isn’t all it’s cracked up to be.
All this court and financial action took place during what might be called his heyday, continuing to cash in on his fame and popularity with a continuous stream of hits including, “Let Me Hold You”, “Like You” featuring Ciara, and “Shortie Like Mine” which was a collaboration with a similarly infamous rapper – Chris Brown. The legal problems not only cost him money as a result of the judgments, but figure in court costs and lawyers as well. His self-admitted $20 million in income doesn’t include taxes (we presume he is up to date on all of that). An outside observer may fairly reach the conclusion that managing to hold on to $1.5 million is somewhat remarkable in itself.
As for Bow Wow’s financial future, presuming he finds a way not to give everything away, there is a rumor he plans to create a final album “NYLTH.” If there is a confirmed release date, it has yet to be publicly announced. If you are thinking that Bow Wow can actually give all his money away and quickly recover based on his own personal projection on the success of his final album, you are definitely inside his head. The history says he can go through a lot and come out on the other end smiling – and wealthy. Maybe he is being far more honest than a lot of people are giving him credit for. He says he doesn’t need a lot of money to live on, claiming to be happy working at Game Spot.
If you have a few million stashed away in a bank, you can afford to live large working at Game Spot – though “living large” is a relative thing. To end on a positive note, it seems he has learned that running as a lone wolf is not as bad as many people think.