Kareem Biggs Burke’s net worth, biography, fact, career, awards and life story
Kareem Biggs Burke is an American rap mogul who has a net worth of $1.5 million. Kareem Biggs Burke earned his net worth as one of the co-founders of Roc-A-Fella Records and Rocawaear clothing. Kareem co-founded Roc-A-Fella Records in 1996 with Jay-Z and Damon Dash. The label got its start as an independent recording outlet for Jay-Z’s first album. They eventually represented such major artists as The Notorious B.I.G., Camp Lo, Da Ranjahz, Sauce Money, Jaz-O and Memphis Bleek. Jay bought Damon and Kareem out of Rocawear before the brand was acquired in 2007 for $204 million. Damon would later claim that Jay approached him in the years before the sale and explained that he planned to launch a new clothing line, which he would own 100%. Damon claimed the he knew this move would significantly devalue Rocawear, because the brand was mainly famous thanks to Jay-Z, so he reluctantly agreed to sell his stake. Damon also claimed that at one point they were offered $450 million to be acquired by Tommy Hilfiger, a deal that would have given him $40 million. Roc-A-Fella Records was a 50/50 partnership with Def Jam almost from the beginning. The trio eventually sold the remaining 50% to Def Jam, under the umbrella of Universal Music, for an undisclosed amount. With the sale, Damon Dash and Kareem Burke founded their own label, while Jay-Z became the President of Def Jam.