What Is Rich Dollaz Net Worth?
As of 2024, various sources estimate Rich Dollaz’s net worth to be around $1.5 million to $3 million. This wealth is primarily attributed to his multifaceted career encompassing music management, television appearances, and entrepreneurial ventures.
Early Career and Rise to Fame
Richard Ashton Martin-Trowers, known as Rich Dollaz, was born on August 4, 1971, in Waterbury, Connecticut. His journey began with an internship at Bad Boy Records during his time at Fisk University, where Sean “Diddy” Combs gave him the moniker “Rich Dollaz”. During his eight years at Bad Boy Records, Dollaz played a crucial role in launching the careers of artists like Cassie, Yung Joc, and Gorilla Zoe. Specifically, he was instrumental in shaping the early success of Cassie, contributing to her initial breakthrough in the music industry. After Bad Boy Records, he transitioned to Universal Music as the head of radio promotion.
Sources of Wealth and Investments
Rich Dollaz’s income streams are diversified across several key areas:
- Music Management: His primary source of income is Dollaz Unlimited, his management company. He earns a percentage of his clients’ earnings, including royalties, performance fees, and endorsement deals. Dollaz Unlimited has represented “Love and Hip Hop: New York” cast members such as Erica Mena and Olivia Longott. He has also worked with acts such as R-Les, Danity Kane, Cory Gunz, and Cheri Dennis.
- Television Appearances: Dollaz has been featured on VH1’s “Love & Hip Hop: New York” since 2011. He was a supporting cast member initially and later became a main cast member. His appearances on “Love & Hip Hop: Hollywood” also contributed to his income. While specific figures for his earnings per episode aren’t widely publicized, other cast members on “Love & Hip Hop” have been known to earn between $25,000 to $40,000 per episode.
- Business Ventures: Rich Dollaz has also ventured into other business opportunities, including investments in real estate and partnerships with various brands.
- Endorsements: He has also secured brand partnerships and sponsorships, further boosting his earnings. In 2014, he promoted 79 Gold Caramel Spirit, a spirit he endorsed and owned with a base of Idaho wheat sweetened with caramel and maple syrup.
“Love & Hip Hop” Career
Dollaz’s role on “Love & Hip Hop: New York” significantly boosted his visibility and opened doors to new opportunities. He appeared in over 120 episodes of the series. His presence on the show also led to appearances on “Love & Hip Hop: Hollywood” and “Love & Hip Hop: Atlanta”.
Entrepreneurial Ventures and Investments
Beyond music and television, Rich Dollaz has demonstrated an entrepreneurial spirit through various ventures:
- Dollaz Unlimited: Founded in 2009, this management firm has represented numerous artists and reality TV personalities.
- Real Estate: Dollaz has strategically invested in properties, providing a stable and long-term source of income.
- Clothing Line: He has launched his own clothing line, catering to fans who admire his style.
Philanthropy and Social Impact
Rich Dollaz is involved in philanthropic efforts, supporting causes such as education, healthcare, and community development. In 2014, he founded “Miracles House Of Restoration” in Memphis, Tennessee, an organization that helps battered women and children.
Personal Life and Challenges
Rich Dollaz’s personal life has been a subject of public attention, especially his relationships. He has a daughter named Ashley with his ex-girlfriend Miracle Kaye Hall and has been arrested for failure to pay child support. In October 2019, he was arrested for owing more than $125,000 in child support and posted $20,000 bail. Miracle Kaye Hall was arrested for shooting her husband in 2018. In 2016, Rich Dollaz was diagnosed with Type 2 diabetes, a disease that has affected his family.