• Thu. May 26th, 2022

Suge Knight Net Worth | Salary | Biography

Byadmin

May 13, 2022

$200,000

What is the net worth of Suge Knight?

Suge Knight has a net worth of $200,000 as an American record executive, music producer, and entrepreneur. Suge Knight is best known as the co-founder of Death Row Records, a record label that enjoyed phenomenal success in the 1990s thanks to artists like Tupac, Dr. Dre, and Snoop Dogg.

 

Early Years

Suge Knight was born Marion Knight Jr. in Compton, California on April 19, 1965. His childhood moniker “Sugar Bear” evolved into his later moniker “Suge.” His parents are Maxine and Marion Knight Sr. Suge graduated from Lynwood High School in 1983, where he excelled in football and track. He played football for two years at El Camino College before transferring to the University of Nevada, Las Vegas in 1985, where he played for two more years.

 

Knight was a replacement player for the Los Angeles Rams during the 1987 NFL Players Strike. Two games were played with them.

 

Early Profession

Knight began working as a concert promoter and bodyguard for various celebrities, including Bobby Brown, after leaving the NFL. Knight founded his own music publishing company in 1989 and hit it big when Vanilla Ice signed over the royalties for “Ice Ice Baby.” to him. However, controversy accompanied it. Knight and his bodyguards allegedly confronted Vanilla Ice numerous times to coerce him into signing over the song rights, even allegedly entering his hotel room and dangling him from the balcony by his ankles.

 

Knight then established an artist management firm and signed hip hop artists DJ Quik and The D.O.C. This is how he met many members of the gangsta rap group N.W.A.

 

Death Row Documents

Suge is best known as the former CEO and co-founder of Death Row Records, a label that was instrumental in popularising gangster rap in the 1990s.

 

Suge co-founded Death Row with Dr. Dre, The D.O.C., and Michael “Harry-O” Harris, a silent partner. Harry-O was incarcerated at the time due to his arrest and conviction for running a large-scale drug trafficking operation with the Cali Cartel. Harry-O provided $1.5 million in startup capital to Death Row. David Kenner, the criminal attorney for Harry-O, became the label’s in-house counsel and also oversaw his investment. In exchange for the investment, Suge promised to make Lydia, Harry-wife, O’s a pop star.

 

Suge and Death Row were among the first labels to sign Dr. Dre, Tupac Shakur, and Snoop Dogg. Dre’s solo album “The Chronic,” was certified triple platinum in the United States by the end of 1993. It ensured the success of Snoop Dogg’s career, who released his debut album in 1994. In the same year, “Doggystyle” went quadruple platinum in the United States.

 

Knight was embroiled in public feuds with 2 Live Crew and Sean Combs (“Puff Daddy”). In August of 1995, Knight insulted Combs on air at the Source Awards, escalating their feud. Suge Knight offered to post $1.4 million bail for Tupac Shakur later that year, but only if the rapper agreed to sign with Death Row. He agreed and released “All Eyez on Me” and “Don Killuminati: The 7 Day Theory.” in 1996. M.C. Hammer signed with Death Row in 1995 but left the label shortly thereafter.

 

After Mr. Knight was arrested for parole violations, Death Row Records began to crumble. Soon, a number of Death Row’s most prominent artists, including Dr. Dre, began to leave the label.

 

During its prime, Death Row sold more than 150 million albums worldwide and generated an estimated $750 million in net revenue.

 

Tupac Shakur and Biggie Smalls were murdered.

Suge Knight has been the subject of multiple theories regarding the murders of Tupac Shakur and The Notorious B.I.G., despite never being charged with a crime. 7 September 1996, Tupac Shakur was shot in a drive-by shooting. Tupac had been in the car with Suge Knight. At 11:15 p.m., a white Cadillac pulled up to the right side of Knight, and four shots were fired at Shakur. Knight was struck in the head by fragments of bullets. Knight was able to drive one mile away from the location where he was stopped by police and paramedics were called. Shakur died six days later at the University Medical Center of Southern Nevada, where they were transported. Tupac Shakur was gunned down by a Compton gang, according to The Los Angeles Times, despite the fact that numerous theories exist regarding his murderer.

 

Biggie Smalls, Shakur’s East Coast rival, was murdered in a similar manner on March 9, 1997. Former Death Row artists such as Snoop Dog speculated that Knight was responsible for both murders and that Biggie’s death was a revenge killing. His murder has never been solved, although it is widely believed that he was murdered by the Crips street gang. The album “Tha Doggfather” by Snoop Dog contains direct criticism of Knight for the murder of Tupac Shakur. In 2006, Snoop attacked Knight verbally over the murder of Biggie Smalls.

Financial Issues

In 2002, the Internal Revenue Service reported that Suge owed $6.5 million in back taxes. Suge filed for personal bankruptcy in 2006. At the time, he claimed to have assets worth between zero dollars and fifty thousand dollars. In addition, he claimed to owe more than $100 million in debts, the majority of which was the result of a single $107 million judgement awarded to the ex-wife of his business partner. Later that same year, Death Row filed for bankruptcy due to these debts.

 

In 2009, Death Row’s assets were auctioned off for $18 million. The successful bidder was the WIDEawake Entertainment Group. WIDEawake was ultimately sold to the Canadian firm New Solutions Financial Corp. In 2012, New Solutions Financial Corporation filed for bankruptcy. In 2013, the assets of Death Row were acquired by Entertainment One, also known as eOne. In 2019, toy manufacturer Hasbro acquired eOne. Hasbro sold its music division, which included Death Row’s assets, to The Blackstone Group in 2021. Blackstone sold Death Row Records’ brand name and intellectual property rights to Snoop Dogg for an undisclosed amount in February 2022. Blackstone retained ownership of the extremely valuable master recordings of the music company.

 

Legal Issues

Suge has had multiple run-ins with the law in the two decades following Death Row. Between 1997 and 2001, he served four years in prison for parole violations. In 2003, he was sent back to prison for violating parole.

 

From 2008 to 2009, Suge was involved in numerous physical altercations. On February 8, 2012, he was arrested again in Las Vegas on marijuana charges. Knight was shot in 2014 at a Video Music Awards party hosted by Chris Brown at a West Hollywood Sunset Strip nightclub. Six times shot, he was able to walk himself to the hospital. Knight and Katt Williams were arrested and charged with robbery in October 2014 in relation to the theft of a paparazzi photographer’s camera. Knight was indicted in August 2017 for threatening the life of “Straight Outta Compton.” director F. Gary Gray. In the film, Gray’s portrayal of Suge Knight was negative. In 2017, Knight suffered from blindness and blood clots, which prevented him from attending court proceedings.

 

Fatal Hit And Run Incident

Suge Knight was allegedly involved in a fatal hit-and-run accident in Compton on January 29, 2015. The incident may have been connected to a fight that occurred on the film set. According to witnesses, Suge backed his truck over the victim and then drove away. According to reports, Suge then fled the scene and abandoned his vehicle in a parking lot. Suge pleaded no contest to voluntary manslaughter on September 20, 2018, and now faces up to 28 years in state prison. Knight is incarcerated at the RJ Donovan Correctional Facility in San Diego as of 2020.

 

Personal Life

Knight wed American R&B singer Michel’le while incarcerated in 1999. He had previously assisted her in obtaining sobriety by sending her to rehab. Six years later, when she filed for divorce, she discovered that their marriage was actually invalid because he was technically still married to an ex-wife. They have a daughter named Bailei (b. 2002). Suge’s fiancee Toi Lin Kelly was sentenced to three years in prison in 2018 for aiding Knight in communicating with the producers of a 2015 Death Row Records tell-all. Prior to his murder trial, a judge had previously prohibited Knight from communicating with anyone other than his attorney.

Net Worth: $200 Thousand
Date of Birth: Apr 19, 1965 (57 years old)
Gender: Male
Height: 6 ft 2 in (1.88 m)
Profession: Promoter, Bodyguard
Nationality: United States of America

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