Cardi B is a household name in the music industry, known for her chart-topping hits, bold personality, and outspoken activism. However, her success extends far beyond her music career. With an estimated net worth of $80 million in 2023, Cardi B has become a prominent figure in the world of entrepreneurship and entertainment.
Born Belcalis Almanzar in the Bronx, New York, Cardi B rose to fame in 2015 as a cast member on the VH1 reality show, Love & Hip Hop: New York. She later transitioned to music, releasing her debut single “Bodak Yellow” in 2017. The song quickly became a viral sensation, topping the Billboard Hot 100 chart and earning Cardi B her first Grammy nomination. Since then, she has released multiple hit singles, collaborated with other artists, and even starred in films such as Hustlers and F9. However, her net worth is not solely attributed to her music and acting career.
Early Life
Belcalis Marlenis Almánzar Cephus, better known as Cardi B, was born on October 11, 1992, in The Bronx, New York City. She was raised in Highbridge, a neighborhood in the South Bronx, by her Trinidadian mother and Dominican father.
Growing up, Cardi B faced several challenges, including poverty and domestic violence. Her father was a taxi driver and her mother worked as a cashier at a supermarket. Cardi B attended Renaissance High School for Musical Theater & Technology but was eventually expelled for fighting and truancy.
At the age of 19, Cardi B began working as a stripper to make ends meet. She has been vocal about her past as a stripper, stating that it was a way for her to escape poverty and domestic violence. During this time, she also began to gain a following on social media, where she would post videos discussing her life and experiences.
In 2015, Cardi B joined the cast of the VH1 reality television series Love & Hip Hop: New York. The show followed her life as a stripper and aspiring rapper. Her time on the show helped to increase her visibility and popularity, and she eventually left the show to focus on her music career.
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Career
Cardi B started her career as a stripper in New York City. She gained popularity on social media platforms like Vine and Instagram, where she shared her thoughts and experiences. In 2015, she joined the cast of VH1’s reality show Love & Hip Hop: New York, which helped her gain more exposure.
In 2017, Cardi B released her debut single “Bodak Yellow,” which quickly became a hit and reached number one on the US Billboard Hot 100 chart. This success led to the release of her debut studio album, Invasion of Privacy, in 2018. The album received critical acclaim and won the Grammy Award for Best Rap Album in 2019.
Aside from her music career, Cardi B has also appeared in several films and television shows, including Hustlers and Rhythm + Flow. She has also worked as a brand ambassador for companies like Pepsi and Reebok.
Cardi B’s success in the music industry has made her one of the wealthiest female rappers in the world. Her net worth is estimated to be around $80 million as of August 2023.
Net Worth
As of August 2023, Cardi B’s net worth is estimated to be $80 million, according to Celebrity Net Worth, Wealthy Gorilla, and Parade. This amount includes an estimated $50 million from her music career, as well as earnings from her other ventures such as reality television, producing, activism, and entrepreneurship.
Cardi B’s rise to fame began with her online presence, where she gained attention for discussing her former career as a stripper. She then went on to become a popular hip hop artist, releasing hit songs such as “Bodak Yellow,” “I Like It,” and “WAP.” Her success in the music industry has led to numerous awards and nominations, including multiple Grammy nominations.
Aside from music, Cardi B has also made appearances on reality television shows such as Love & Hip Hop: New York and Rhythm + Flow. She has also ventured into producing, executive producing the Facebook Watch series Cardi Tries. Additionally, she has been involved in activism, using her platform to advocate for causes such as criminal justice reform and women’s rights.
Cardi B’s entrepreneurial ventures include collaborations with brands such as Fashion Nova and Reebok, as well as launching her own line of beauty products called Bardi Beauty. She has also invested in the cryptocurrency market, partnering with the startup platform, Bitski.
Overall, Cardi B’s net worth is a testament to her hard work and success in various industries.
Income Sources
Cardi B’s net worth is estimated to be $80 million as of 2023, making her one of the wealthiest female rappers in the world. Her income comes from various sources, including music sales, tours and performances, and endorsements.
Music Sales
Cardi B’s music career began in 2015 when she joined the reality TV show “Love & Hip Hop: New York.” In 2017, she released her debut single “Bodak Yellow,” which became a massive hit and topped the Billboard Hot 100 chart. Since then, she has released several albums and singles that have been successful both commercially and critically. Her music sales contribute significantly to her net worth.
Tours and Performances
Cardi B is also known for her live performances. She has gone on several tours, including her “Invasion of Privacy” tour, which was named after her debut album. The tour grossed over $90 million, making it one of the highest-grossing tours of 2019. Cardi B also performs at various music festivals and events, which adds to her income.
Endorsements
Cardi B has several endorsement deals with major brands, including Pepsi, Reebok, and Fashion Nova. She has also collaborated with other artists and brands, such as Bruno Mars and Tom Ford. These deals and collaborations have helped increase her net worth.
In conclusion, Cardi B’s net worth comes from various sources, including music sales, tours and performances, and endorsements. Her success in these areas has made her one of the wealthiest female rappers in the world.
Real Estate Investments
Cardi B is not only a successful rapper but also a savvy investor. She has made several real estate investments over the years, which have contributed to her impressive net worth.
One of her most recent acquisitions is a multi-million-dollar mansion in the Dominican Republic, located in Las Terrenas. While it is unclear how much she paid for the property, it is undoubtedly a significant investment. The house, called Calle Plaza, boasts six bedrooms, six bathrooms, and a beautiful ocean view.
Cardi B also owns several properties in her hometown of New York City. In 2023, she announced on Instagram that she had purchased a new home in the city. She expressed pride in her hard work and dedication to providing her children with a comfortable lifestyle, regardless of her work commitments.
In addition to her personal properties, Cardi B has also invested in real estate ventures. In 2019, she partnered with Airbnb to rent out a lavish property in Beverly Hills. The rental cost $1,000 per night and featured a recording studio, a movie theater, and a pool.
Overall, Cardi B’s real estate investments demonstrate her financial savvy and commitment to building wealth. She continues to make smart investments that contribute to her impressive net worth.
Charitable Donations
Cardi B is not just a successful musician and social media influencer, but also a philanthropist. She has used her wealth and influence to support various charitable causes. Here are some of the notable charitable donations made by Cardi B:
- $100,000 donation to her old school: In September 2022, Cardi B announced that she had donated $100,000 to her old school in the Bronx. She had been trying to make the donation since the previous year, but was unable to due to the pandemic. The money was used to support the school’s music program.
- $1 million donation to coronavirus relief efforts: In April 2020, Cardi B teamed up with fashion brand Fashion Nova to donate $1 million to coronavirus relief efforts. The money was used to provide financial assistance to people affected by the pandemic.
- $50,000 donation to the Trevor Project: In 2018, Cardi B donated $50,000 to the Trevor Project, a nonprofit organization that provides crisis intervention and suicide prevention services to LGBTQ+ youth.
- $8,000 donation to the family of slain Bronx teenager: In June 2018, Cardi B donated $8,000 to the family of Lesandro “Junior” Guzman-Feliz, a 15-year-old boy who was brutally murdered in the Bronx.
Cardi B has also been involved in various other charitable initiatives, such as supporting Hurricane Harvey relief efforts and donating toys to children in need during the holiday season. Despite her lavish lifestyle, Cardi B has shown that she is committed to giving back to her community and helping those in need.
Financial Challenges
Despite her massive net worth, Cardi B has not been immune to financial challenges. In December 2022, the rapper complained about the cost of living, stating that it had increased significantly. This came despite her previous claims that she was worth over $40 million.
Cardi B has also been open about her struggles with taxes. In 2019, she posted a video on Instagram expressing frustration about the amount of taxes she had to pay, stating that she was left with only 20% of her earnings after taxes and other expenses.
Additionally, Cardi B has faced legal and financial issues related to her music career. In 2018, she was sued for $10 million by her former manager, who claimed that he had been unfairly cut out of her success. The lawsuit was eventually settled out of court.
Despite these challenges, Cardi B has continued to build her wealth through her music, business ventures, and endorsements. She has also been vocal about the importance of financial planning and has encouraged her fans to be smart with their money.
Future Projections
Cardi B’s net worth has been growing steadily over the years, and it is expected to continue to rise in the future. Here are some projections for Cardi B’s net worth in the coming years:
- 2024: Cardi B’s net worth is projected to be around $100 million by 2024, according to Wealthy Gorilla. This is due to her continued success in the music industry, as well as her various business ventures.
- 2025: By 2025, Cardi B’s net worth could reach $150 million, according to some projections. This is due to her growing popularity and influence, as well as her expanding business empire.
- 2030: Some projections estimate that Cardi B’s net worth could reach $500 million by 2030. This is due to her continued success in the music industry, as well as her expanding business ventures, which include fashion, beauty, and entertainment.
Cardi B’s success in the entertainment industry, coupled with her savvy business sense, suggest that her net worth will continue to grow in the coming years. While these projections are subject to change, they do provide a glimpse into the potential future of Cardi B’s net worth.