Kenneth McGriff Net Worth
Kenneth McGriff has an estimated net worth of $50 million. Kenneth McGriff was the leader of the Supreme Team gang, a main player in the Baisley Park crack-cocaine scene. In 2007, he was sentenced to life in prison. Kenneth earned his fortune from drug trafficking.
In 1985, Kenneth McGriff was convicted of drug possession. He was released on parole in 1995, and when rivals E-Money Bags and Troy Singleton were found dead in Queens in 2002, he was arrested pending murder charges. He was convicted of drug trafficking, racketeering, and murder in 2003. He was sentenced to life in prison in 2007.
To calculate the net worth of Kenneth McGriff, 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:
|Net Worth:||$50 Million|
|Monthly Salary:||$100 Thousand|
|Annual Income:||$10 Million|
|Source of Wealth:||Drug Lord|
McGriff was born on September 19, 1960, in family-friendly South Jamaica, Queens, as the middle child of three. McGriff’s parents were both city bus drivers, and the family was middle-class.
McGriff was introduced to the “Five Percent Nation” sect of the Nation of Islam while attending Catherine & Count Basie Junior High School. The “Five Percenters” were founded in the 1960s on the premise that 5% of the African-American population was destined to be natural leaders. McGriff’s association with the group earned him the honorific title “The Supreme.”
McGriff met local drug lord “Fat Cat” Nichols through a fellow Five Percenter, “Prince” Rasheem, who was Nichols’ cousin. Supreme quickly formed his own crew, the Supreme Team. He set up shop in the Baisley Park Housing Projects, which were close to McGriff’s house. Under McGriff’s leadership, the gang grew to hundreds of members and dominated the crack-cocaine trade in Baisley Park.
McGriff set up an elaborate security system around the projects, with lookouts equipped with walkie-talkies stationed on the roofs of nearby buildings.
If police officers came into the area, McGriff’s security team would notify their dealers, who would then conceal incriminating evidence. Neighborhood kids who supported McGriff were given special treats such as basketball tournaments and musical performances.
McGriff was convicted of drug possession in 1985 and sentenced to time in Elmira State Prison in New York. While McGriff served his sentence, the Supreme Team was led by McGriff’s nephew, Gerald “Prince” Miller.
Miller was known for being vicious and unforgiving, and dozens of people were tortured, beaten, and murdered under his command. McGriff, as the organization’s leader, was blamed for the new, much more violent business dealings.
He was returned to prison for engaging in a Continuing Criminal Enterprise as soon as he was released from Elmira in 1987. He was sentenced to 12 years in prison for the offense following a plea bargain.
McGriff was released on parole in early 1995 after serving nearly seven years of his sentence. The former drug lord decided to change his ways and opened a barbershop near his parents’ house. He also started making plans to enter the film industry, with the goal of remaking a Donald Goines crime novel.
McGriff began meeting rappers and urban musicians, often providing them with protection, after making friends with hip-hop producer Irv Gotti. In exchange, Gotti and his friends began raising the funds needed to make McGriff’s Hollywood dream a reality.
However, by the end of the year, McGriff had been returned to prison for multiple parole violations. He was released in 1997 after serving another two and a half years in prison.
McGriff flew to Los Angeles in 2000 to try to buy the rights to Goines’ novel. He assembled a cast, secured locations, and even pre-released a volume of music for the film by musicians on Gotti’s Murder, Inc. record label.
Later that year, in Harlem, New York, the film Crime Partners was shot, with appearances by Ja Rule, Snoop Dogg, and Ice-T. McGriff optioned the rights to four more Goines books, with the intention of creating a franchise.
But McGriff’s life turned sour when he was asked to settle a dispute between rappers 50 Cent and Ja Rule. Despite numerous threats, 50 Cent refused to back down, instead mocking McGriff in the lyrics of his 2000 song “Ghetto Qu’ran.”
The incidents escalated until 50 Cent was shot nine times by unknown assailants on May 24, 2000. He survived and went on to release another song in which he blamed McGriff for the shooting. When the rapper released his biopic Get Rich or Die Tryin’ in 2005, he created a character named Majestic, who appeared to be based on McGriff.
After rival gangsters E-Money Bags and Singleton were found murdered in Queens, this series of accusations was followed by more serious charges in late 2001.
Investigators suspected McGriff had hired assassins to exact vengeance on the two men accused of killing McGriff’s friend, Black Jus’ Johnson. Following the murders of two more men associated with Supreme, police gathered enough evidence to imprison McGriff in 2002, pending murder changes.
Back in Prison
Gotti was also investigated in 2003, putting his record label in jeopardy. Gotti was charged with laundering funds for McGriff in 2005, but the jury found him not guilty on all counts. Despite the victory, McGriff was convicted in federal court in New York of drug trafficking, racketeering, and murder.
Prosecutors used hitman testimony, text messages, and alleged video evidence of the victim’s final moments alive to prove McGriff hired killers for $50,000. McGriff was unable to hire a lawyer because all of his and Gotti’s assets had been seized.
Instead, he was given a court-appointed lawyer. McGriff was sentenced to life in prison by a jury on February 9, 2007.