Ice-T Net Worth 2022 (Forbes) – How Did He Get Rich?

Ice-T Net Worth 

Ice-T has an estimated net worth of $65 million. Ice-T is known for his raps about street life and violence, and his influence on the gangster rap genre. He’s also starred on ‘Law & Order: Special Victims Unit’ since 2000. He earns most of his income from album sales, concerts, music streaming and movies. 

Ice-T was born in Newark, New Jersey in 1958 and lost his parents at a young age. After moving to South Central Los Angeles to live with an aunt, he became involved in inner-city crime and hustling. His talent for rhyme saved him from a life on the streets, and in 1987 he released his debut album, Rhyme Pays. In the 1990s, Ice-T became known for his controversial political songs like “Cop Killer.” The rapper also has a career as an actor, most notably as a detective in Law & Order: Special Victims Unit since 2000.

To calculate the net worth of Ice-T, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Ice-T
Net Worth: $65 Million
Monthly Salary: $1 Million
Annual Income: $10 Million
Source of Wealth: Actor, Musician, Film Producer, Film Score Composer, Rapper, Author, Screenwriter, Record producer, Entrepreneur, Voice Actor

Early Life

Tracy Marrow, better known as Ice-T, was born on February 16, 1958, in Newark, New Jersey. His parents raised him in Summit, New Jersey. Ice-T writes of his father in his book Ice: A Memoir of Gangster Life and Redemption—From South Central to Hollywood “He was a hard worker, a quiet blue-collar guy… Despite the fact that Summit is mostly white, I don’t believe there was any overt prejudice in the town, at least not in the adult world as I observed it. All of my father’s friends and coworkers were white working-class men. Dudes with lunch buckets. They were all fine with each other, even Black and White.”

Ice-mother T’s died of a heart attack when he was in third grade. He says, “My mother was a very supportive and intelligent woman, and I knew she loved me even though she wasn’t particularly affectionate toward me. I only have a few vague and distant memories of her, like some grainy home movie somewhere in the back of my mind.”

Only four years later, his father died of a heart attack. “I was so young at the time that my memories of both of my parents’ deaths are somewhat muddled. And, as an only child, I was experiencing everything in my own little bubble “Ice-T says

Ice-T moved to South Central Los Angeles to live with his aunt after his father died. It was there that the sixth-grader became involved in inner-city life, which would define his career as a rapper and later give him the credibility to become an anti-gang violence spokesman.

Despite the disapproval of his peers, Ice-T graduated from high school with honors. He later admitted to “acting like I was ditching class when I was really ditching my friends so I could slip back to school,” turning typical adolescent delinquency on its head.

Rap Career

Ice-T spent four years in the United States Army before starting his rap career in the early 1980s, after which he returned to Los Angeles and became a self-styled hustler.

For a time, crime paid, allowing Ice-T to take impromptu trips to the Bahamas and amass over 350 pairs of sneakers, but his addiction to the high life faded. Ice-T recalled his breaking point in an interview: “I had a friend who I admired because he made more money than I did. ‘Yo, Ice, you got a chance,’ he said. ‘Do your rap thing.’ And the word “chance” messed with my head. And I’ve given up hustling entirely.”

Because every hip-hop artist needs a stage name, “Ice-T” was created with the assistance of author Robert Maupin Beck III, whose pen name “Iceberg Slim” inspired Tracy Marrow. Ice-T signed with Sire Records in 1987 after spending a few years honing his craft by creating music for videos and releasing various recordings. Later that year, he released his debut album, Rhyme Pays, which went gold.

His recording of the theme song for Dennis Hopper’s gang-themed film Colors (1987) also drew a lot of attention to the new artist. Ice-controversial T’s depictions of South Central in his artistic work began with this film, which explored life in the Los Angeles projects.

When the Black community reacted negatively to Colors’ cultural critique, Ice-T stated, “People should credit Dennis Hopper for demystifying the situation. He simply displayed the street gangsters. He did not show the kids wearing diamonds and driving Ferraris.”

In the late 1980s, Ice-T released two more albums, confirming his status as one of West Coast rap’s most promising stars. His album O.G. Original Gangster (1991) was later cited as a key factor in the development of the gangster rap genre. The rapper pushed musical boundaries by recording a heavy metal track with the band Body Count, mixing social commentary with inflammatory lyrics. Later, he would tour with the band and perform at the rock-oriented Lollapalooza festival.

Ice-T collaborated with Body Count once more on their self-titled debut album in 1992, which included the most controversial song of Ice-career, T’s “Cop Killer.” This song was quickly condemned for inciting violence against police officers. The artists claimed that the song was simply meant to be a commentary on the police brutality and racism experienced by Los Angeles’ Black community.

Nonetheless, the contentious track sparked a firestorm of controversy, prompting Time Warner to halt the release of Ice-next T’s solo album, Home Invasion. The artist soon parted ways with Sire/Warner Bros. Records, releasing his work through his own Rhyme Syndicate and Priority Records for the rest of the 1990s. Several Billboard hits, several groundbreaking singles, and additional collaborations with heavy metal bands like Black Sabbath and Slayer would follow over the next eight years.

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Acting Debut

Parallel to his music career, Ice-T also built his resume on the silver screen, playing roles in such films as New Jack City (1991), Ricochet (1991), Trespass (1992) and Johnny Mnemonic (1995). Somehow, the rapper turned actor also found time to build a television career, including several guest appearances and even his own reality show on VH1, Ice-T’s Rap School.

Ice-T’s most notable and enduring television role was that of Detective Odafin “Fin” Tutuola in Law & Order: Special Victims Unit. Ice-T has starred in this popular NBC police drama since 2000.

Ice-T’s most recent work is The Peacemaker: L.A. Gang Wars, a reality show on A&E that chronicles the life of gang referee Malik Spellman. Like the show’s star, producer Ice-T is committed to ending violence in the place where he grew up, and hopes the word “opportunity” means as much to a younger generation as it did to him when it first inspired him to escape the streets via hip-hop.

When talking about his own opportunity, Ice-T makes no bones about where he’d be without the music: “I was so programmed to be a hustler that if I had not had the chance to rap, I’d either be dead or in jail – or I’d be rich, but I knew the odds were against it.”

Personal Life

Ice-T has a daughter named LeTesha with ex-girlfriend Adrienne and a son named Tracy Marrow Jr. with ex-girlfriend Darlene Ortiz. Ice-T married Coco (née Nicole Austin) in 2005, and the couple starred in the E! reality show Ice Loves Coco (2011-2013).

Ice-T and Coco announced their first child in 2015, a month before the premiere of their eponymous talk show. On November 28, 2015, the couple welcomed their daughter Chanel Nicole.

Further Reading

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How To Become Rich Like Ice-T?

Ice-T did not become rich by luck. To become as rich as Ice-T, you have to work smart.

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