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Kareem Biggs Burke Net Worth, Biography & Wiki 2017
Kareem “Biggs” Burke was born in the USA, and is an entrepreneur and record producer, best known for being one of the co-founders of the record company Roc-A-Fella Records. He’s represented many popular artists including Jay-Z, Camp Lo, Notorious B.I.G., and Da Ranjahz. All of his efforts have helped put his net worth to where it is today.
How rich is Kareem Biggs Burke? As of mid-2016, authoritative sources inform us of a net worth that is at $10 million, mostly earned through a successful career in the music industry. He’s also established a few more businesses, selling Roc-A-Fella after a split. As he continues his career his wealth will likely increase.
Kareem Biggs Burke Net Worth $10 million
Kareem Biggs Burke started his path in music and business when he, along with Damon Dash and Jay-Z founded Roc-A-Fella Records in 1996. They soon released Jay-Z’s first album which helped them get established in the industry; interestingly, prior to starting their own record label, a lot of other companies had turned down Jay-Z. Despite the album not selling highly, it was enough for them to establish connections, and soon they would release more albums leading to an increased net worth. They would sign other names to the company including Jaz-O and Memphis Bleek, and they continued to release more albums of Jay-Z including “In My Lifetime, Vol. 1” and “Vol.2… Hard Knock Life”.
Kareem was also responsible for releasing the movie entitled “Life After Death”. Part of the success of the group was how Kareem handled distribution deals with other companies such as Priority. In the 2000s, the company was becoming a very strong force in the music industry and the founders were becoming very popular, especially Jay-Z. However, the three founders of Roc-A-Fella Records then broke up, and the company was sold to the Universal Music Group, now operating as a subsidiary company.
After Burke left Roc-A-Fella Records, he started the new record label called Dame Dash Music, along with Damon Dash. They also started Roc4Life ,while Jay-Z became a part of Def Jam – Kareem still continues to associate with Jay-Z as part of various distribution deals.
Burke has also started other ventures, helping establish the custom jeans manufacturing company called Fourth of November, along with several associates. His net worth is still growing.
For his personal life, it is known that Burke was sentenced to five years in prison in 2012, being convicted of conspiring to distribute significant amounts of marijuana, caught as part of a widespread operation by US Immigration, Customs Enforcement, and the New York Police Department. Evidence showcased Burke discussing growing marijuana and planning to sell it in various cities in the US. He was originally sentenced to 40 years minimum but was able to make a plea deal that cost him a house, car and cash amounting to more than $600,000. He was released in January 2016, and has resumed focus on his business endeavors.