Jam Master Jay Net Worth
Jam Master Jay net worth: Jam Master Jay was an American musician and DJ who had a net worth of -$1 million at the time of his death. Jam Master Jay was born Jason William Mizell in New York City, New York in January 1965. He passed away in October 2002. Jay was best known for being the DJ of the hip-hop group Run-D.M.C. The group formed in 1981 and released their self-titled debut studio album in 1984. They released the album King of Rock in 1985 and their album Raising Hell was released in 1986 and reached #1 on the R&B chart and #3 on the Billboard 200 chart. Run-D.M.C. also had success with their albums Tougher Than Leather in 1988, Back from Hell in 1990, Down with the King in 1993, and Crown Royal in 2001. The group's single "Walk This Way" reached #4 in the US and their single "It's Like That" (Run-D.M.C. vs Jason Nevins) was popular worldwide and reached #1 in six countries. Jam Master Jay passed away on October 20, 2002 at 37 years old when he was shot by an unknown assailant at his studio.
Debt and wealth: At the time of his death, Jay was reportedly $500,000 in debt to the IRS and was wrestling with a "vast mortgage" connected to his home and recording studio. He also allegedly owed a large debt to a neighborhood man named Curtis Scoon. One of the theories regarding Jay's death is that he was killed after having an argument over money with Scoon. Another theory involved Jay's business partner Randy Allen who allegedly stood to receive a $500,000 insurance settlement after Jay died.