Chief Keef Net Worth (Money & Salary)

What is Chief Keef’s Net Worth?

With a net worth standing at $4 million, Chief Keef, born Keith Farrelle Cozart, is an American rapper who rose to prominence from Chicago’s drill music scene during 2011-2012, initially gaining attention with the track “Bang.” His viral breakout hit “I Don’t Like” got a remix from Kanye West, which prompted a significant label contract with Interscope Records when he was just 16 years old.

His debut effort, “Finally Rich” (2012), included popular tracks such as “Love Sosa” and “Hate Being Sober,” solidifying his characteristic blend of Auto-Tuned vocals, trap beats, and lyrics reflecting street experiences. Although he enjoyed commercial success, his association with Interscope faced challenges, leading to their separation in 2014.

Following this split, Chief Keef has maintained his influence through independent projects and mixtapes, like “Bang 3” and “Thot Breaker.” His innovative production methods and vocal styles have left a mark on many hip-hop artists, especially in the evolution of mumble rap and trap music. Beyond his music career, he has created his own record label, Glo Gang, collaborating with a wide range of hip-hop artists. Unfortunately, Keef has encountered numerous legal and financial challenges during his time in the industry.

Interscope Deal

In June 2013, Chief Keef entered into a substantial contract with Interscope Records. This three-album agreement was said to exceed $6 million (before accounting for taxes, managerial fees, legal costs, and other expenses). Under the terms of the contract, Interscope allocated a $440,000 advance to Chief, in addition to $300,000 designated for recording costs so he could create a commercial version of “Finally Rich.” He also gained a $180,000 advance for his label, Glory Boyz Entertainment, and received $200,000 to manage the label’s overhead costs.

However, a clause allowed Interscope to terminate the agreement if “Finally Rich” failed to sell 250,000 copies by December 2013. The album managed to sell only 150,000 copies, leading to Chief Keef being officially dropped by Interscope in mid-October 2014.

Since then, Keef has persisted in releasing new music under his Glo Gang label, with projects including “Nobody” and “Back from the Dead 2” in 2014, “Bang 3” in 2015, and “Thot Breaker” in 2017. In June 2022, he shared news of a collaboration with RBC Records and BMG Rights Management to launch the label 43B.

Legal Issues

At just 16, Chief Keef faced charges related to heroin distribution and manufacturing. Due to his age, he received a relatively mild sentence of house arrest. In the same year, he left his residence and pointed a firearm at several police officers, who then chased him while narrowly missing him with their shots. It wasn’t long before they apprehended him and confiscated the handgun. He was previously charged with assaulting a police officer with a firearm and unlawful use of a weapon, resulting in another house arrest sentence.

The following year, 17-year-old Chief Keef was alleged to have paid someone to kill one of his rivals from Englewood, known as “Lil’ JoJo.” He came under investigation, which revealed that he had violated his parole by visiting a shooting range and firing a weapon. Ultimately, in 2013, he was sentenced to two months in juvenile detention.

In 2013, Chief Keef was also sued by a promotional company for $75,000 for failing to appear at a scheduled performance in London, England. Ignoring the lawsuit led to a court mandating him to pay $230,000 in damages to the promotional company. For the remainder of the year, he was arrested multiple times for public marijuana use, speeding, and violating parole. In the subsequent years, he continued to face lawsuits for missing concerts and was arrested again for smoking.

in public, driving under the influence, and allegedly robbing a producer named Ramsay Tha Great.

Chief Keef has faced numerous child support claims in court. Over his lifetime, he has fathered nine children, requiring DNA tests in some instances to establish paternity. In at least one instance, he missed a court appearance related to child support claims, resulting in a warrant for his arrest. There was also a controversy surrounding his decision to allegedly name one of his sons “FilmOn Dot Com” to promote his new music album and record label.

Several family members of Chief Keef have tragically lost their lives due to gang violence, including his cousin and stepbrother.

Real Estate

Throughout his career, Chief Keef has reportedly faced eviction from multiple rental properties. In 2014, he was renting a property in Highland Park, Los Angeles, at a rate of approximately $11,000 per month. That year, he fell significantly behind on rent, allegedly owing over $30,000 for the 5,600-square-foot house.

Concern among neighbors grew due to Chief Keef’s reported use of firearms in the backyard and the large number of guests frequenting the property on a daily basis. Ultimately, he was evicted.

Early Life

On August 15th, 1995, Keith Farrelle Cozart was born in Chicago. Raised in a low-income apartment complex known as “O-Block” by his teenage mother, Keith was soon affiliated with the Black Disciples gang active in that Chicago area. By the age of five, he began crafting his own raps using his grandmother’s karaoke machine and recording them on cassette tapes. He dropped out of high school at 15.

Career

At just 16 years old, Chief Keef gained recognition with mixtapes such as “The Glory Road” and “Bang.” During his house arrest due to various legal issues, he started sharing tracks on his YouTube account. One notable song, “I Don’t Like,” became a hit and played a crucial role in establishing the new rap subgenre called “Drill.” The song soared in popularity when Kanye West remixed it, featuring Jadakiss, Big Sean, and Pusha T.

Following this breakthrough, Chief Keef became a highly sought-after artist, with numerous record labels competing to sign him. He ultimately opted for a lucrative contract with Interscope Records and released his debut studio album, “Finally Rich.” His song “Love Sosa” became one of the major hits of 2012. In 2013, he collaborated with Kanye West on “Hold My Liquor” and released two mixtapes, which received largely negative critiques from critics, although “Almighty So” produced a few successful tracks like “Nice.”

Chief Keef admitted to the subpar quality of his recent releases, attributing this to battles with drug addiction. In 2014, Interscope dropped him, a decision met with disapproval from many observers. Nevertheless, Keef continued to produce mixtapes independently, including “Back From The Dead 2,” for which he wrote and produced most of the songs.

After a shooting incident that resulted in the death of Sosa’s associate Marvin,

In honor of Marvin Carr, Chief Keef organized a free benefit concert alongside Carr and a 13-month-old baby, advocating against gang violence. However, due to outstanding warrants for his arrest, Chief Keef made an appearance at the concert through a hologram. The police, concerned that the event might incite further violence, ultimately shut down the generator supporting the hologram.

As the years went by, Chief Keef began to release an increasingly limited number of mixtapes and songs. In 2016, he even declared his intention to retire. Nevertheless, he continued to collaborate with several high-profile musicians. Notably, in 2019, he announced plans for “Almighty So 2” and also produced the track “Chrome Heart Tags,” featuring Lil Uzi Vert, during that year.