Net Worth Ranker
What Is Tara Wallace Net Worth?
Tara Wallace, born Taranasha Wallace on September 20, 1982, in McComb, Mississippi, is an American actress and reality television personality. She is most recognized for her role in VH1’s “Love & Hip Hop: New York.” Her journey in the entertainment world has been marked by diverse experiences, contributing to her estimated net worth of $100,000.
Tara Wallace’s Career and Income Sources
Wallace’s net worth primarily comes from her appearances on “Love & Hip Hop: New York.” She joined the show in its fourth season in 2013, which significantly boosted her public profile. Beyond reality television, Wallace has explored other avenues to build her wealth.
Love & Hip Hop: New York: Wallace was a cast member in seasons 4–6, a supporting cast member in season 7, and made a cameo in season 8 of “Love & Hip Hop: New York”. While specific salary details for her role on the show are not publicly available, reality TV personalities often earn between $7,500 to $200,000 per episode, depending on their fame and the show’s popularity. Given her central role in the show’s storylines, it’s reasonable to assume Wallace earned a substantial income during her time on the series.
Acting Career: Before and during her time on “Love & Hip Hop,” Wallace pursued acting, appearing in Off-Broadway and Off-Off-Broadway productions in New York. She has also appeared in several films and TV series, including:
- Prince of the City (2012) as Adele Hayes
- Elbow Grease (2016) as Ann
- Melinda (2018) as Rachel Benoit
- King of Newark 2 (2018) as FBI Agent Nikyea
- Fight (2020) as Sheila
- CheMinistry (2022)
While these roles may not have provided massive financial windfalls, they contributed to her income and experience in the entertainment industry. The exact earnings from these roles are not publicly disclosed.
Restaurant Management: In addition to her entertainment career, Wallace has worked as a manager in a major restaurant in Manhattan’s Meatpacking District. This role provided a steady income stream while she pursued her acting career. The specific financial details of this management position are not available.
Entrepreneurial Ventures and Other Sources of Income: Wallace has also engaged in various entrepreneurial activities, including co-authoring a book, “The Goddess Potential: A Guide to Developing a Relationship with Your Inner Self,” with Allyson Leak. Further, Wallace promotes the food brand “Chef Nancie”. She also launched her own dress line for women. The earnings from these ventures are not publicly known but contribute to her overall financial portfolio.
Early Life, Education, and Career Beginnings
Born on September 20, 1982, in McComb, Mississippi, Taranasha “Tara” Wallace developed a passion for the dramatic arts early in life. She pursued this interest through higher education, earning a degree in Dramatic Art from Jackson State University. Wallace further honed her skills by obtaining a Master of Fine Arts in Acting from the Actors Studio Drama School in New York City.
Before gaining fame on “Love & Hip Hop: New York,” Wallace held various jobs to support herself. She began her career at a Virgin Megastore in downtown New York City and participated in commercials and community theater performances. These experiences laid the groundwork for her future success in the entertainment industry. Wallace also spent time doing some off-Broadway shows, both musicals and theatre productions.
Key Milestones:
- 2000: Started dating rapper Peter Gunz.
- October 14, 2008: Welcomed her first child, Jamison.
- January 6, 2012: Welcomed her second child, Kaz.
- 2013: Joined the cast of “Love & Hip Hop: New York” in season four.
- 2017: Gave birth to her third son, Gunner Ethan Pankey.
Net Worth Details and Assets
As of 2023, various sources estimate Tara Wallace’s net worth to be around $100,000. This estimation considers her earnings from “Love & Hip Hop: New York,” acting roles, restaurant management, and entrepreneurial ventures.
Real Estate: There is no publicly available information regarding Tara Wallace owning specific properties, such as houses or apartments. It is presumed that she either rents her residence or prefers to keep her real estate investments private.
Vehicles: Information about Tara Wallace’s car collection is not publicly available. Like her real estate assets, details about her vehicles remain private.
Investments: Details about Wallace’s investment portfolio, including stocks, bonds, or other financial assets, are not publicly known. It is common for individuals to keep their investment information private.
Personal Life and Habits
Tara Wallace’s personal life has been a significant part of her public image, largely due to her long-term, on-again, off-again relationship with rapper Peter Gunz. Their relationship, along with the involvement of Amina Buddafly, became a central storyline on “Love & Hip Hop: New York,” drawing considerable attention.
Wallace has three sons with Peter Gunz: Jamison, Kaz, and Gunner. Despite the challenges of their relationship, Wallace has emphasized prioritizing her children’s well-being. After Peter and Amina’s marriage, Tara took measures to protect her sons and maintain a positive father-son relationship.
In addition to her family life, Wallace has maintained an active presence on social media, with over 1.3 million followers on Instagram and 113,000 followers on Twitter. She uses these platforms to connect with fans, promote her projects, and share aspects of her personal and professional life.
