Lil Boosie, now Boosie Badazz is an American rapper and actor whose current net worth is estimated at $800,000. The gangster rapper was once worth $4 million but after he was sentenced to prison in 2009 for drug charges, his net worth gradually dwindled. However after his 3-year early release on March 5, 2014, Boosie has been highly active in attempts to restore his finances. Here’s all you need to know about him and his money.
Lil Boosie Net Worth: Brief History
Boosie Badazz was born Torrence Hatch on November 14, 1982 in Southside Baton Rouge, a slum in Louisiana. Baston Rouge is a dangerous and gang-violence ridden neighborhood in Louisiana. His father who had diabetes and was a drug addict was murdered in the neighborhood. Boosie then grew up rather unstable with his grand parents in violent area. It wasn’t long before Boosie found himself caught up with drug related activities and as a result, he got expelled from high school.
As a kid, Boosie was already exposed to rap music- a common with gangsterism. In 1996, when he was 14 years old, his cousin Young Bleed who was already an established rapper introduced him to his rap group Concentration Camp which included other rappers like C-Loc, Happy Perez, Boo, Max Minelli, J-Von, Lee Tyme and Lucky Knuckles. Boosie began featuring on tracks of the group members making his debut on C-Loc’s 2000 album “It’s A Gamble”. After gaining much exposure with the group, Boosie began recording his own music at the age of 17.
Lil Boosie Net Worth: Music Career
Boosie released his debut studio album titled “Youngest of da Camp” on January 27, 2000. The album reached #96 on the Billboard R&B charts and sold around 10,000 copies in the US. Boosie then signed with Trill Entertainment and released his second studio album “For My Thugz” on January 1, 2002. Like the first, it featured artists from his Concentration Camp and was more successful selling an estimated 90,000 in the US.
Boosie continued to make music, collaborating often with the likes of Webbie with whom he released several compilation albums like Ghetto Stories (July, 2003) and Gangsta Musik (December, 2003). The former sold 16,000 units and the latter was far more successful selling over 320,000 in the U.S. Gangsta Muzik peaked at #35 on the US Billboard Top R&B/Hip-Hop Albums and produced the hit single “Swerve” which was used as one of the soundtracks in the 2005 drama film “Hustle & Flow” which grossed $23.6 million against a $2.8 million budget. His successes in the rap scene began to attract the attention of the big labels like Universal Music Group. In 2005, Lil Boosie signed with Warner Bros. Records.
“Bad Azz” released in 2006 was his third studio album as well as his first under a major record label. It debuted at #18 on the US Billboard 200, selling 41,000 copies in its first week. The album was followed with “Superbad: The Return of Boosie Bad Azz” (2009) which featured the likes of Young Jeezy and debuted at #7 on the US Billboard 200 chart.
Lil Boosie founded his own label Bad Azz Entertainment in 2008 and in 2015 it was re-branded to Bad Azz Music Syndicate.
Lil Boosie Net Worth: Prison Sentence
While his music career was improving by the year, the same couldn’t be said about his character as he had several run ins with the law. Boosie was arrested in October 2008 for marijuana and gun possession. After almost a year-long trial, Boosie pleaded guilty on September 2009 and was sentenced to two years behind bars. Boosie was also suspected of several murder cases with possible death penalty but was later found innocent in 2012. However, his sentence was further extended to 7 years after the court discovered that he had violated probation during his plea trial. After serving five years in Louisiana State Penitentiary, Boosie was released in on March 5, 2014.
Interestingly, while behind bars, Boosie didn’t quit making music. From prison he released his 4th studio album “Incarcerated” which debuted at #13 on the US Billboard 200 chart, and sold 30,000 copies in its first week and later 146,000 copies in the United States.
Lil Boosie Net Worth: Cancer Scare And Comeback
After overcoming the alleged death penalty, Boosie went back to making music and even touring but it wasn’t long before he was faced with another obstacle. He was diagnosed with kidney cancer which he announced via social media on November 2015, requesting prayers from fans. The already diabetic Bossie who at the time didn’t have a health insurance had to pay a whopping $90,000 for a surgery where half of one of his kidney was removed. After the successful surgery, the rapper returned to music.
Boosie changed his named to Boosie Badazz in January 2014 explaining he felt irritated when people called a grown up man like him with 6 kids “Lil”. The rapper shortly after his release from prison inked a deal with Atlantic Records and has been highly prolific.
Boosie has confessed that battling cancer caused him to cherish his life more and increase his side hustles. Badazz owns a clothing label “Jewel House clothing” and liquor “Boosie Juice B&J”. He also plans on being more active in movie production. With all these endeavors, Boosie could rejoin the millionaire’s club real soon.
In July 2016 Boosie revealed that he lost $469,000 to a thief who stole his drivers licence and used it to make transactions via his Capital One account. Reports latter revealed that part of the money was being reversed.
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