Xzibit Net Worth

Xzibit’s Net Worth: A Comprehensive Look at His Career and Finances

Xzibit, born Alvin Nathaniel Joiner, is a multi-talented American artist known for his contributions to the rap industry, acting, and television. With a career spanning several decades, Xzibit has achieved mainstream success, but he has also faced financial challenges. This article delves into Xzibit’s net worth, exploring his career highlights, financial struggles, and current endeavors. It provides a detailed overview of his journey from a young rapper to a celebrated figure in entertainment.

Early Life and Career Beginnings

Alvin Nathaniel Joiner, widely recognized as Xzibit, was born on September 18, 1974, in Detroit, Michigan. His early life was marked by challenges that would shape his artistic expression. At the tender age of ten, Xzibit began rapping to cope with the loss of his mother. The hardships continued as he faced family difficulties, leading to his removal from his home at 14. Despite these setbacks, he channeled his experiences into his music.

At 17, Xzibit moved to Los Angeles, California, to pursue his passion for music. He was already using the pseudonym “Exhibit A” at that time. He cited his mother, a writer, as his source of creativity and inspiration. In February 1995, Xzibit made his first professional appearance on the Alkaholiks’ song “Hit and Run.” That same year, he secured a record deal with Loud Records, a pivotal moment in his blossoming career. The stage was set for the arrival of Xzibit as a force in hip-hop.

Music Industry Success and Collaborations

Xzibit’s debut album, “At the Speed of Life,” released in October 1996, marked a significant milestone in his career. The album reached No. 74 on the Billboard Hot 200 and No. 38 on the Canadian Albums Chart. This album set the tone for the success that would follow. Xzibit’s breakthrough single, “Paparazzi,” gained significant popularity, especially in Germany. He continued his success with his second album, “40 Dayz & 40 Nightz,” released in 1998. This album is considered a classic West Coast hip-hop record and featured successful singles like “What U See Is What U Get.”

Xzibit’s talent and distinct style drew the attention of prominent figures in the music industry. He collaborated with renowned artists such as Snoop Dogg, Dr. Dre, and Eminem, solidifying his place in the rap world. These collaborations not only enhanced his reputation but also exposed his music to a broader audience. His third album, “Restless,” with Dr. Dre as executive producer, further propelled his career, selling nearly 2 million copies and achieving platinum certification. This album included guest appearances from Snoop Dogg, Eminem, and other superstars.

“Pimp My Ride” and Mainstream Fame

From 2004 to 2007, Xzibit hosted the popular MTV show “Pimp My Ride.” This show brought him international recognition and catapulted him into the mainstream. Xzibit’s charisma and engaging personality made him a household name. The show’s premise, where rundown cars were transformed into customized vehicles, captured the attention of a broad audience. Despite the show’s success, Xzibit faced challenges. Because the show was in production, it impacted his ability to tour and the salary per episode was not significant. However, the mainstream exposure of the show made him even more popular.

At the peak of “Pimp My Ride,” Xzibit earned a salary of nearly $500,000 annually from MTV. Despite the financial benefits of the show, Xzibit also experienced issues. In July 2022, he threatened to sue ViacomCBS, claiming his likeness was removed from “Pimp My Ride” merchandise and his music removed from streaming, which impacted his royalties.

Financial Struggles and Tax Issues

While Xzibit enjoyed considerable success, he has also faced significant financial challenges. He has filed for bankruptcy twice, first in 2009 and again in 2010. In 2010, it was revealed that Xzibit owed nearly $900,000 in federal taxes. According to his 2010 bankruptcy filing, his assets were valued at $793,433, while his debts totaled approximately $1.4 million. Xzibit attributed his financial problems to the cancellation of “Pimp My Ride” in 2007. His income dropped significantly after the show’s cancellation, going from nearly $500,000 per year to just $67,510 in the year following the show’s end. Adding to his financial woes, Xzibit was renting a Range Rover at a cost of over $2,200 per month during the show’s run.

In July 2022, Xzibit addressed his financial situation in response to his ex-wife’s request for spousal support. He claimed that his income had significantly decreased since 2019 due to the cancellation of live shows because of COVID. Xzibit claimed he was struggling financially while also trying to maintain his public image and provide for his son.

His ex-wife, Krista, claimed that Xzibit had a financial stake in several cannabis companies and was storing cash in “bank-sized vaults” throughout the country. However, these claims have not been independently verified.

Legal and Personal Life

Xzibit’s personal life has also seen its share of ups and downs. On November 29, 2014, he married his longtime girlfriend, Krista Joiner. However, the wedding celebrations took an unexpected turn when Xzibit was arrested for DUI in the early hours of the morning. This incident marked the beginning of marital problems that eventually led to Krista filing for divorce in February 2021.

Xzibit and Krista have two children together, Xavier and Gatlyn. Tragically, Xavier was born prematurely in May 2008 and passed away just eleven days later. In addition to these children, Xzibit has another son, Tremaine Joiner, from a previous relationship.

Xzibit’s legal troubles extended beyond his DUI arrest. He participated in the Gumball 3000 rally in 2007. During the rally, he lost his driver’s license for speeding, which was seized by the Dutch police. He has since competed in the rally in 2013 and 2014.

Current Endeavors and Future Projects

Xzibit continues to be active in the entertainment industry. He has expanded his career to acting, appearing in films like “8 Mile,” “XXX: State of the Union,” and “Gridiron Gang.” Moreover, Xzibit has made appearances in TV shows. In February 2016, he joined the cast of “Empire” as Shyne, appearing in 38 episodes. Xzibit is also preparing to release his eighth studio album, “King Makers,” which is expected to launch in 2021. Throughout his career, Xzibit has lent his voice to several video games, which displays his diverse talents and commitment to various creative avenues.

Xzibit’s creative pursuits extend into various areas of the entertainment industry. His ability to adapt and thrive showcases his resilience and dedication. With his music, acting, and other projects, Xzibit continues to leave his mark on the entertainment industry.

Conclusion: The Legacy of Xzibit

Xzibit’s journey is a testament to his resilience, creativity, and adaptability. From his early struggles in Detroit to global recognition, Xzibit has left a lasting impact on the entertainment industry. Despite financial setbacks and personal challenges, his ability to evolve and stay relevant is remarkable. His contributions to hip-hop, acting, and television have solidified his status as a multifaceted artist. While his net worth of $500,000 reflects past financial difficulties, his continued presence and new projects demonstrate his enduring legacy.