Chief Keef Net Worth (Money & Salary)

Chief Keef’s Net Worth: How Much Does He Make?

Chief Keef’s financial status amounts to approximately $1 million. He is recognized as a pioneer of the “mumble rap” and “drill” genres in the rap music industry. Chief Keef, also known as “Sosa” from the movie “Scarface,” has significantly influenced the realm of hip-hop. Throughout his career, he has faced challenges, both legally and financially.

Interscope Contract

Chief Keef inked a substantial deal with Interscope Records in June 2013. The agreement entailed a three-album commitment that purportedly exceeded $6 million (pre-taxes, management fees, legal expenses, and other costs). As part of this deal, Chief Keef received a $440,000 upfront payment and an additional $300,000 designated for recording expenditures to produce a commercial rendition of “Finally Rich.” He also obtained a $180,000 advance for his record label, Glory Boyz Entertainment, and $200,000 earmarked for covering label overhead.

The agreement specified that Interscope could terminate the deal if “Finally Rich” failed to sell 250,000 copies by December 2013. With only 150,000 copies sold, Chief Keef was officially dropped by Interscope in mid-October 2014.

Since then, Chief Keef has continued to release projects through his own Glo Gang label, including “Nobody” and “Back from the Dead 2” in 2014, “Bang 3” in 2015, and “Thot Breaker” in 2017. In June 2022, he announced a collaboration with RBC Records and BMG Rights Management to establish the label 43B.

Legal Challenges

At 16, Chief Keef faced charges for heroin distribution and manufacturing. Despite his age, he received a lenient sentence of house arrest. The same year, at 16, he fled his residence and brandished a firearm at police officers, resulting in a pursuit where shots were fired in his direction. Following apprehension, he was charged with assaulting an officer with a firearm and unlawful weapon use, leading to yet another period of house arrest.

At 17, Chief Keef was accused of hiring an assailant to eliminate a rival in Englewood, known as “Lil’ JoJo.” This prompted an investigation revealing his parole violation due to firearm use at a shooting range. In 2013, he was sentenced to two months in juvenile detention.

In 2013, a promotion company sued Chief Keef for $75,000 after he failed to appear at a scheduled performance in London, resulting in a court order for him to pay $230,000 in damages. Throughout subsequent years, Chief Keef faced arrests for public marijuana use, speeding, parole breaches, missed concerts, public marijuana smoking, driving under influence, and alleged robbery of producer Ramsay Tha Great.

Chief Keef encountered challenges with various child support claims, involving paternity tests for his nine children. In instances where he failed to attend court hearings on support matters, warrants for his arrest were issued. A contentious incident arose when he reportedly named one of his sons “FilmOn Dot Com” for promotional purposes related to his album and label.

Gang violence has tragically claimed the lives of several of Chief Keef’s family members, including his stepbrother and cousin.

Property Matters

Chief Keef reportedly faced eviction from multiple rental properties during his career. In 2014, he rented a residence in Highland Park, Los Angeles, at $11,000 monthly. Falling behind on rent, he accumulated over $30,000 in arrears for the 5,600-square-foot house.

Neighborhood concerns over Chief Keef’s firearm use on the property and frequent, numerous guests prompted his eventual eviction.

Early Beginnings

Keith Farrelle Cozart was born on August 15th, 1995, in Chicago. Raised by a 16-year-old mother in the South Side’s low-income apartment complex known as “O-Block,” Cozart engaged with the Black Disciples gang prevalent in the neighborhood. By age 5, he was crafting raps using his grandmother’s karaoke machine and recording on cassette tapes. At 15, he dropped out of high school.

Professional Journey

Chief Keef initially rose to prominence at 16, garnering attention with mixtapes like “The Glory Road” and “Bang.” Under house arrest due to legal issues, he began sharing tracks on YouTube, including the hit “I Don’t Like,” ushering in the “Drill” subgenre. Noteworthy success followed when Kanye West remixed the track. Subsequently, Chief Keef signed with Interscope Records and released his debut album, “Finally Rich,” featuring the hit “Love Sosa” in 2012. Collaborating with Kanye West on “Hold My Liquor” in 2013, he unveiled mixtapes with mixed reviews, including “Almighty So” featuring standout tracks like “Nice.”

Admitting to declining quality in recent releases, Chief Keef attributed it to substance abuse. After being dropped by Interscope in 2014, he independently released mixtapes, such as “Back From The Dead 2,” producing many of the album’s tracks.

Following a shooting incident leading to the tragic deaths of his associate Marvin Carr and a toddler, Chief Keef condemned gang violence and organized a benefit concert in Marvin Carr’s memory. Contending with arrest warrants, he appeared via hologram at the concert, shutdown by authorities for fear of instigating violence.

In subsequent years, Chief Keef released fewer mixtapes and tracks, even announcing retirement in 2016. However, he continued collaborations with high-profile artists and discussed plans for “Almighty So 2” in 2019. That year, he also produced the Lil Uzi Vert track, “Chrome Heart Tags.”