Irv Gotti Net Worth
With a net worth of $15 million, Irv Gotti is the producer behind musicians such as Vanessa Carlton, Ja Rule and Jay Z. Gotti was one of the producers for Heroes and Thieves, the third album put out by Vanessa Carlton.
In addition, Nicki Minaj confessed to TheInsider.com that the inspiration for her hit song “Moment For Life” came from Gotti. The song was famously used in a Pepsi commercial that Minaj starred in. The Pepsi commercial was an important aspect of her “Live For Now” campaign.
Gotti’s record label, The Inc, was investigated in 2004 based on allegations that a drug kingpin in New York City, Kenneth McGriff, was laundering money using the label. Though both Gotti and his brother surrendered to authorities in early 2005 as a result, they both insisted they, and the record label, were innocent. The brothers got released in exchange for a $1 million bail but McGriff went on trial for the crime. A federal prosecutor gave an opening statement in court that accused the brothers of laundering drug money through the record label’s corporate bank account. The federal prosecutor alleged that McGriff, a known drug dealer, sent bags of cash to the office of The Inc. McGruff obtained $280,000 from the record label in the form of several bank checks. McGriff was accused of protecting the record label because it allowed him to funnel $1 million worth of drug money. In late 2005, the Gotti brothers were officially deemed not guilty in the case. If convicted Irv and his brother would have faced a prison sentence of up to 20 years. As a result of these legal struggles The Inc parted ways with its parent company, Universal Records, in 2009 and hasn’t moved on. This was when Irv Gotti Net Worth had finally reached a collective $15 million.