Since then, Fabolous has skyrocketed to success with his subsequent releases. By 2003, Fabolous had already moved on to sign with the label “Elektra” in a deal that would turn out to be more profitable for the budding hip hop star than his first. The album was an immediate commercial success, with 143,000 reported sales in its first week alone. Releasing his debut studio album, “Ghetto Fabolous”, in 2001, Fabolous instantly earned himself a place on the charts. As it happens, while still at school, after a successful live performance on a local radio show, Fabolous would be noticed by the recording label “Desert Storm Records” – and in the years to follow, he’d make more than enough, as Fabolous’s significant net worth amply shows. Fabolous Net Worth $20 Millionįabolous had a fairly difficult childhood his family certainly couldn’t afford to lead a luxurious lifestyle, and Fabolous himself has been quoted attributing this shortage of money with the beginnings of his rapping career – according to the hip hop star, he did not originally wish to become a celebrity, only to earn enough money to make ends meet. Between a number of successful albums and his forays into business it’s not hard to see where Fabolous takes his impressive net worth from.
So just how rich is Fabolous? Authoritative sources have estimated that he has accrued a net worth of over $20 million as of mid-2016, during a career in the entertainment industry which began in the late ’90s. As a successful hip hop recording artist, he is far better known by his stage name – Fabolous, and is also a rapper, disc jockey and songwriter both as a solo performer and in collaborations with other acclaimed rappers and musicians – including Joe Budden, Lil Wayne and Young Jeezy. John David Jackson was born on 18 November 1977, in the New York City borough of Brooklyn, of part-Dominican ancestry.