Have you ever wondered what the net worth of Ray J is? Well, the American singer, actor, and television personality has built an empire of wealth.
He is the younger brother of singer Brandy and cousin of the renowned artist Snoop Dogg, but he has made quite a name for himself in the music industry and business world.
As of May 2023, Ray J has a net worth of $20 Million. Learn more about this and his financial success below!
Table of Contents
Early Life
Willie Norwood and Sonja Bates-Norwood welcomed William Ray Jr. into the world in McComb, Mississippi. His older sister, Brandy, is a multi-platinum recording artist.
When he was a little boy, he and his family moved from McComb, Mississippi, to Los Angeles, California, and he started appearing in television commercials for several companies in 1989.
At just eight years old, Norwood debuted in 1989; he began appearing in television ads. He performed the role of the foster son in The Sinbad Show from 1993 to 1994.
This period in Norwood’s life jumpstarted his acting career.
Ray J Acting Career
Ray J starred in his big sister’s show for two years and became a fan favorite. He also made appearances in films, including Mars Attacks!, Steel, and Envy.
In 2005, Ray J appeared in UPN’s One-On-One. Ray returned to television in 2009 with For the Love of Ray J, a reality dating show on VH1, which aired for two seasons and spawned a spin-off show, Brandy and Ray J: A Family Business, in April 2010.
On January 27, Ray J was part of the cast of the UK Celebrity Big Brother, but he walked off the set after just one week.
Ray J Music Career
As soon as he signed a contract with “Elektra Records” in 1995, his next album, “Everything You Want,” which would be released in 1997, began to be written.
His 2001 Atlantic Records album This Ain’t a Game debuted in the top ten on the US R&B/Hip-Hop Albums chart.
After appearing in the 2004 television movie “Christmas at Water’s Edge,” Ray J released his third album, “Radiation,” on his label, “Knockout Entertainment,” in the years that followed.
Ray J’s most well-known album, “All I Feel,” was released in 2008 due to his first large-scale contract with Kock Records and Shaquille O’Neal’s “Deja 34” organization.
In 2016, he and “The Mob Group” collaborated on the album “Smoke Cloud TMG & OHB,” which was only made available as a digital download.
Ray J Business Ventures
Aside from his acting and music career, Ray J has become a business mogul and entrepreneur. Below are current businesses owned by the star.
Scoot-E-Bike
The talk of the town on the west coast was the electric scooter (Scoot-E-Bike) bike from Ray J’s Raytroniks.
The Scoot-E-Bike, which has a top speed of 20 mph and a range of up to 30 miles on a single charge, is an interesting and exciting way to get around the city.
Famous riders of Scoot-E-Bikes include Terrence J, Chris Brown, Sean “Diddy” Combs, Justin Bieber, and Snoop Dogg. It runs on electricity only.
He recently sold the business to Loopshare, a Canadian company, in a deal of around seven figures.
Raycon Inc
Ray J co-founded the company with Jay Lee. Both were frustrated by the excessive prices, hazy specifications, and poor product designs in the audio market.
The duo felt the big needs were ruining the industry and felt something should be done.
They took matters into their own hands and founded Raycon. Ray J’s pop cultural expertise and musical industry experience were critical factors in the collaboration to create technology that embraces and empowers the average person.
Raycon sells a wide range of wireless headphones and much-needed fitness accessories such as bags and belts.
Ray J has become more than just an artist and is now a successful businessman who offers services and products.
Personal Life
Ray J first met Kim Kardashian, at an event where she served as a stylist for his sister Brandy. Up until 2007, they had an on-again, off-again relationship.
The two also went viral due to a pornographic home video they had shot together in 2003. The video took the world by storm and to this day, draws publicity.
Kardashian first disputed that the tape existed, but she then filed a lawsuit against “Vivid Entertainment,” the business that had purchased the rights to the recording, to claim ownership of it.
The lawsuit was ultimately abandoned in lieu of a settlement that gave Kardashian $5 million.
Ray J would move past the incident and marry Princess Love, a “Love & Hip-Hop: Hollywood” co-star, in August 2016. The two have two kids, Epki and Melody Norwood.
Ray J Net Worth 2023
As of May 2023, Ray J has a net worth of $20 million. His money originated from his successful music career, but now his wealth is mainly from his business ventures.
Ray J brilliantly used his fame and talent as an artist to pivot into the business world, where he now has multiple assets.
As time goes on, Ray J will look to continue to grow his business and improve his overall wealth.
Key Takeaways
Find A Problem For Many And Provide A Solution
Many agree that headphones are nice to have but can be costly. Ray J addressed the problem by providing quality headphones for an affordable price.
A lot of great business plans simply address a widespread problem and provide a solution.
Always Look To Better Yourself
Ray J could have just lived off his music sales comfortably. However, he stayed motivated and got himself into the business world.
As a result, his wealth grew substantially, and he is worth millions.