DJ Khaled is an American record producer, record label executive, disc jockey, rapper, radio personality and businessman whose current net worth estimated at $25 million. Known for his motivational words and catchphrases, Khaled in 2013 suffered a financial breakdown of sort which forced him out of his Miami house. However, the following year in 2014, the We The Best CEO was back to earning top dollar. Read on to discover more on DJ Khaled’s journey to success.
DJ Khaled Net Worth: Brief History
DJ Khaled was born Khaled Mohamed Khaled on November 26, 1975 in New Orleans, Louisiana to Palestinian immigrants. His passion for music developed in his early years. Supported by his parents who were musicians in their own right, Khaled kicked off his career by working in a local record store called Odyssey. While working there, Khaled met and developed a relationship with the then unknown Lil Wayne, Birdman and Movado whose rap careers were beginning.
Having developed his deejaying skills, Khaled left the record store and began to showcase his talent on various sound clashes. He landed his first radio gig on a pirate radio before hosting his own weeknight show on Miami’s WEDR.
DJ Khaled Net Worth: Music Career Success
Khaled began his career with the moniker Arab Attacks which he changed to DJ Khaled after the September 11, 2001 attacks in respect to the victims of the aftermath. Beginning in 2004, Khaled joined the hip hop group Terror Squad and began producing their songs including a track on their second album “True Story”. He also produced songs for Fabulous and Fat Joe who was also part of the group.
Thanks to the popularity he had already built for himself featuring in popular music videos of top artists he produced, DJ Khaled’s debut album “Listennn… the Album” released in 2006 enjoyed moderate success debuting at #12 on the Billboard 200 and selling 44,000 copies in its first week. The album which featured numerous stars including Young Jeezy, Rick Ross, Kanye West, Akon, T.I and many more went on to sell more than 230,000 copies.
His second album “We the Best” released in 2007 was more successful peaking at #8 on Billboard 200 and selling 79,000 copies in its first week. A year later the album had sold over 440,000 units. While the album failed to achieve gold status, its star-studded singles “I’m so Hood” and “We Takin’ Over” by 2008 were certified platinum and gold respectively. Khaled snapped the BET Hip Hop Award DJ of the Year by 2009.
DJ Khaled’s 9th studio album “Major Key” released in 2016 became his most successful studio album after “We The Best” (2007). It debuted atop the Billboard 200 and sold 96,000 units in its first week. The success of the album was largely due to his newly found social media fame. In late 2015, DJ Khaled began releasing a series of videos on Snapchat giving details about his major keys to success. The videos garnered much attention propelling Khaled to become an internet phenomenon. The internet fame also influenced the success of his 8th studio album “I Changed A Lot” released in 2015.
At the 2016 BET Hip Hop Awards DJ Khaled snapped three awards for DJ of the Year, MVP of the Year and Hustler of the Year.
DJ Khaled Net Worth: Business And Other Endeavors
DJ Khaled founded his own record label We the Best Music Group in 2008 as an imprint of Def Jam South. In 2009, he was appointed the president of Def Jam South, a southern division of Def Jam Recordings. His label is also in a management deal with Jay Z’s Roc Nation.
Khaled’s non-music endeavors include two restaurants in Miami known as Finga Licking. The first and larger one is located in North Miami and is a celebrity-favorite while the second and take-out-focused one opened in 2015 in Miami Gardens.
Khaled is sure looking to expand his business portfolio, in April 2016 he expressed his interest to own part of NBA team Miami Heat of which he is an ardent fan. The rapper confessed that he wouldn’t mind if it was only 1% ownership. And with a net worth of over $25 million, he sure would’ve been able to afford a 1% stake ($13 million) in the NBA team valued at $1.3 billion.
Thanks to his Snapchat popularity, DJ Khaled welcomed more endorsement partners including Apple, T-Mobile, Zappos, Diddy’s Ciroc and Jay Z’s D’Usse.
Khaled in 2016 signed a book deal with Crown Archetype, an imprint of Penguin Random House’s Crown Publishing Group to release his first book titled “The Keys”. The book which will be released on 22nd November and sold at $12 per copy will detail his major keys to success and also feature “Mogul Talk” from other accomplished acts.
DJ Khaled Net Worth: Earnings
DJ Khaled rose to the peak of his career in 2014 following the release of his 7th studio album “Suffering from Success” (2013). That year, he made his debut appearance on Forbes’ list of highest earning hip hop acts with a paycheck of $7 million. In addition to album sales, his paycheck was bolstered by a lucrative collaboration with Bang & Olufsen headphones as well as his live gigs.
After missing the list in 2015 with not enough millions to make the cut, Khaled returned to the list in 2016 with a $15 million paycheck; over double of his 2014 paycheck. And the reason is obvious; his internet fame.
With his new endeavors, it is certain the rapper would be more regular on the Cash Kings list.
DJ Khaled Net Worth: Properties
DJ Khaled is often seen with flashy jewelries, he once sported a $300,000 Patek Philippe Nautilus watch. In early 2016, he purchased a 7 bedroom 7 bathroom mansion in Miami for $3.8 million. The mansion comes complete with a 45 foot dock.