Kareem Biggs, also known as K. B. Burke or simply as Biggs, is an American film producer and businessman, who has estimated net worth as high as $10 million for year 2012. All amount of Kareem’s net worth he earned as being a co-founder of a record label “Roc-A-Fella Records” in New York together with Damon “Dame” Dash and Shawn “Jay-Z” Carter. “Roc-A-Fella Records” production today is distributed by UMD (Universal Music Distribution). However, Kareem Burke also had quite scandalous reputation because of his drug addiction and distribution. That’s why it is hard to understand how rich is Kareem “Biggs” Burke because of his machinations.
Kareem Biggs Net Worth $10 Million
Kareem Burke is a Caucasian, but he was born in United States. Burke attended Long Beach Polytechnic High School and graduated from it in 1990, but then he wasn’t even planning about becoming record producer, however, he had some plans about his future business. At first Burke was planning to increase his net worth as being an owner of a restaurant, but then he saw another opportunity to earn some money. It looks like the main source of inspiration to become a record producer was Burke’s father, who was involved in making money together with a record label called “Cintas Acuario”.
In 1995 “Roc-A-Fella Records” was founded. The beginning of this record label was kind of successful as it cooperated with the first album of a famous singer Jay-Z. However, this label didn’t increased Burke’s net worth immediately as there were too many concurrents near them. But later business became more successful, and nowadays this record company can be proud of working together with such famous people as The Notorious B. I. G., DJ Cue, Kanye West and Camp Lo. Furthermore, “Rock-A-Fell Records” represents also Juelz Santana, Freeway, Da Ranjahz, M.O.P. and Memphis Bleek, so there is no wonder why Kareem Biggs’ net worth raised to become so enormously huge.
However, Biggs was also able to earn a really scandalous reputation in a past few years. It is not a surprise that Kareem isn’t as popular as other two co-founders of his record comoany, but he found a way to make his net worth bigger, or at least tried to to this. In year 2012 a huge scandal raised around his personality because of drug distribution – together with his partners (more than 50 people were caught) Burke was arrested while trying to distribute marijuana, which they had even more than 100 kilograms.
In order to reduce his guilty, Burke was made to forfeit many of different properties which he owned. Though, he forfeited his residence, his BMW which he bought in year 2010, $660,000 which he had and also $15,000 more which were seized from his house. So there is no wonder that nowadays Burke’s earnings are not going to be as stabile as they were before as he got more than 5 years of prison. However, who knows, maybe after that Burke will be able to start all his business from a blank page even better than he was able to do it before.
