Suge Knight has a net worth of $200,000. His net worth has not always been this low. Let’s delve into his rise and fall:
How he made a fortune
Death Row Records
Knight is the former CEO of Death Row Records. This label played a pivotal role in the rise of gangsta rap in the 90s. It had signed some of the biggest names in Hip-Hop ranging from Tupac Shakur, Snoop Dogg and Dr. Dre. Death Row sold more than 150 million albums globally. Its net revenues were $750 million. Suge’s problems with the law set the stage for the literal death of Death Row. Maybe the name was a herald of worse things to come.
Dr. Dre has co-founded Death Row. It was his album, The Chronic that set the stage for the rise of this label. The album became triple-platinum.
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Prominent artists left the label, including Dr. Dre. Suge’s legal issues made Death Row to file for bankruptcy in 2006. The assets were auctioned for $18 million in 2008. WIDEawake Entertainment won the bid. Eventually, it was sold to New Solutions Financial Corp, a Canadian Company, which filed for bankruptcy in 2012. Entertainment One now owns the assets.
Criticisms
Death Row’s music has been criticized for being violent and misogynistic.
Tha Row
Suge had tried to re-launch Death row under a moniker, Tha Row. He unfortunately went back to jail.
Black Kapital Records
Suge founded Black Kapital Records in a bid to bounce back after the death of Death Row.
Club 662
In 1994, Suge opened an appointment-only nightclub in Las
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had borrowed over $1 million from Michael Harris. Harris was serving a 28-year prison sentence. Lydia filed a lawsuit against Knight since her husband had not received his stake in the label. She was awarded $107 million. This is when Death Row filed for bankruptcy.
The Ultimate Ruin
Suge’s ultimate ruin resulted from a hit and run accident that killed Terry Carter and injured Cle ‘Bone’ Sloan in January 2015. He faced charges of murder and attempted murder. The accident followed an altercation in Compton. His bail was initially set at $2 million. However, this was revoked and it now stands at $25 million. His criminal past: extortion, assault, battery, and money laundering only worsened the situation. The accident actually occurred when he was out on bail after being arrested for robbery.
If he wants to be freed before trial, Suge only has 2 options. He could either pay the money himself or get a bond company to do it. If he chooses the latter, he will not only pay the company 8% of the bail but will need to show that all the money was legally obtained.
Other legal issues
Knight was arrested for domestic violence in 1987. He was also charged with robbery and attempted murder the same