Lil’ Kim, a rapper and actress from Queens, New York, is reportedly worth $500,000. Junior M.A.F.I.A., a rap group founded by Lil’ Kim, is one of her most renowned accomplishments. In the late 1990s, she established herself as a successful solo performer.
Those hoping for Kim to have a greater fortune may be disappointed to learn that she’s had financial difficulties in recent years. In January 2018, she filed for personal bankruptcy, reporting assets of $2.57 million and liabilities of $4.08 million. Later in this essay, we’ll get into more specifics about her financial woes.
Lil Kim Early Life
Kimberly Denise Jones, better known as Lil’ Kim in the music industry, was born on July 11, 1974 in the Bedford-Stuyvesant section of Brooklyn, New York, United States of America. Christopher is her only sibling who is older than her.
Jones’s parents, Linwood Jones and Ruby Jones, got a divorce when she was nine years old, and after that, her father was responsible for her upbringing. They struggled to communicate with one another, which led to Jones being expelled from the home in the end. After that, she decided not to continue her education and started living on the streets.
The encounter between young Jones and Christopher Wallace, also known as The Notorious B.I.G., took place at this time. The rap superstar was a significant influence on her career, and the two of them went on to have a connection with each other. Jones joined the Brooklyn-based group Junior M.A.F.I.A. in the year 1994, when he was only 19 years old. Biggie had founded and promoted the group. During this period of time, Jones began using the stage moniker Lil’ Kim.
Conspiracy, the band’s debut studio album, was released to the public on August 29, 1995. It debuted at number eight on the Billboard 200 list in the United States and sold 69,000 copies in its first week.
However, the reception it received from critics and customers was not very positive. On December 6, 1995, the Recording Industry Association of America (RIAA) bestowed upon it its gold certification. “Player’s Anthem,” “I Need You Tonight,” and “Get Money” were the three successful singles released by Conspiracy.
Just one year after being a member of Junior M.A.F.I.A., Lil’ Kim began pursuing a career as a solo artist. In the fall of 1995, she initiated her first album’s recording sessions.
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Lil Kim Success
Hard Core, Lil’ Kim’s debut studio album, was awarded a certification of double platinum by the RIAA and to this day has sold more than 6 million copies across the world. Additionally, the album peaked at number three on the R&B chart in the United States and at number 11 on the Billboard 200 album list.
Both of her subsequent albums, The Notorious K.I.M. (2000) and La Bella Mafia (2003), were certified platinum upon their respective releases. While The Notorious K.I.M. hit number one on the R&B chart in the United States and number four on the Billboard 200 chart, La Bella Mafia reached number four and number five, respectively, on those charts.
The Naked Truth, her fourth studio album, was released in 2005, the same year that she was serving time in a federal prison. (She lied to a jury about her friends’ involvement in a shooting that occurred four years ago, which resulted in her serving a one-year prison sentence.) The Naked Truth was able to achieve position three on the R&B chart in the United States and position six on the Billboard 200 list. 2019 saw the release of Lil’ Kim’s fifth studio album, titled 9.
In addition, she was one of the featured singers on the remade version of “Lady Marmalade” that was released in 2001, which also featured Christina Aguilera, Ma, and Pink. The song has been one of the most successful singles of all time, having sold over five million copies around the world as a standalone release.
Lil’ Kim has been awarded multiple accolades throughout the course of her career, including two Soul Train Awards, a Grammy, three MTV Video Music Awards, and two Billboard Music Awards. As a solo artist, Lil’ Kim has, to this day, racked up more than 15 million album sales and 30 million single sales across the globe.
For her work as an actor, Lil’ Kim has acted in a number of films, including She’s All That, Zoolander, Juwant to Mann, You Got Served and more.
During the eighth season of ABC’s reality show Dancing with the Stars in 2009, Lil’ Kim competed. When she and her dance partner Derek Hough were ousted from the competition on May 5, 2009, they came in fifth place.
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Lil Kim Personal Life
Up to the time of his death in 1997, Lil’ Kim’s romantic involvement with Christopher Wallace, also known as the Notorious B.I.G., was on-and-off during their time together.
She fell pregnant with Wallace’s child while she was in the middle of recording her debut album, but she finally made the decision to have the pregnancy terminated.
She disclosed this information years later, in an interview that she gave to The Source in the year 1999: “I already knew the kind of connection that Biggie and I had, and I knew that [having a kid] was something that couldn’t take place…” 2017 marked the year that Lil’ Kim came clean about her “extremely violent” relationship with Wallace.
Between the years 2002 and 2003, Lil’ Kim was in a relationship with alleged gang leader Damion “World” Hardy. In 2004, she dated record producer Scott Storch for a period of two months. Lil’ Kim and Ray J, who is both a singer and a rapper, dated briefly in 2007.
Lil’ Kim, who was then 39 years old when she made the announcement, became pregnant in February of 2014. On June 9, 2014, she gave birth to her first child, a daughter named Royal Reign.
Lil Kim Bankruptcy
Lil’ Kim submitted her petition for Chapter 13 bankruptcy in the state of New Jersey on June 12, 2018. According to the document that was filed with the court, Kim had only lately been forced to give up her large estate in Alpine, New Jersey, which had a total area of 6,000 square feet and cost $3 million.
It was alleged that she owes the federal government $1.5 million in unpaid taxes, in addition to a home payment arrears of $667,000 She declared a total of $4 million in debt and assets of $2.5 million, some of which were a jewellery collection worth $25,000, a 2000 Mercedes for $4,200, and a 2005 Bentley worth $50,000.
According to the documents, Kim made a total of $823,000 in 2016, and only $388,000 in 2017. However, it is said that she spends $10,000 per month on travel, $6,600 per month on her mortgage, $2,200 per month on wardrobe, and $2,300 per month on staff. Her average monthly earnings close to $18,000.
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