Jamal Rashid, professionally known as Mally Mall, has a net worth estimated at $30 million. He made most of it from his exploits in the entertainment industry.
An American of Brazillian and Egyptian heritage, Mally Mall is a prominent figure in the music industry and indeed showbiz at large. He is known to many as a rapper and hip-hop record producer. While that is what he mostly does, he is also a writer, TV personality, and entrepreneur who operates several escort businesses and runs two record labels among other things. The 46 years old who was born and raised in northern California didn’t become influential in the competitive industry for nothing. He has worked with many prominent artists over the years, from Drake to Justin Beiber and Chris Brown; Bone Thugs-N-Harmony, Jason Derulo, 50 Cent, Post Malone, Snoop Dogg, and even legends like 2Pac.
It is said that Jamal was drawn to music at a young age and was influenced by prominent producers like Rick Rock and Ant Banks who are from the Bay Area where he was raised. As he kept up with his passion for music, it was only a matter of time before it paid off, earning him the attention of multiple A-listers in the industry and making him a multi-millionaire. Mally Mall now has a music empire that some people might be tempted to think he started building after he gained wider public attention from Drake’s 2011 song, “The Motto”. Long before the Canadian rapper gave a shout-out to Mally in the song, he has been doing his thing. Drake only made people realize he hasn’t been getting the credit he deserves for the work he does.
Mally Mall Started Building His Music Empire In 2004 and It Is The Major Source of His $30 Million Net Worth
Anyone who knows Mally Mall in real life wouldn’t have to be told that music is the major source of income. It is what he has been doing all his life and if you ask him, he would tell you that he started building his music empire in 2004. He makes money through various means in the music business and as stated earlier, he also makes money through other means, all of which are detailed below.
Proceeds From Record Sales Is The First Major Source of Income For The Musical Artist
Like most music producers, Jamal Rashid didn’t jump right into producing songs for prominent singers. He started with writing and making his own songs before he moved on to helping others create chart-toppers. Even though his exploits as a producer have overshadowed his works as a rapper, Mall has been featured in songs by several popular artists and has also released several songs and a few albums over the years.
In December 2015, he released an album titled Triple X-Mas. The album has a total of 16 songs and he featured famous artists in all of them, from the Migos to Wiz Khalifa, Tyga, Sean Kingston, Ty Dolla Sign, French Montana, Rick Ross, Lil Durk, and much more. Some of the popular tracks of the album include “Drop Bands on It”, “After Party”, “Mo Money”, “Sex Faces”, “Wit It”, and “All Eyes on Me”.
Barely two years later, in April 2017, he dropped another album titled Mally’s World, Vol. 1. Like the first, this one also featured several popular artists in all of its 14 songs, including Post Malone, Lil Twist, Tory Lanez, French Montana, Sean Kingston, 2 Chainz, Iamsu!, Mac Dre, DJ Khalil, Young Egypt, and many more. “Purpose”, “Exposed”, “Foreign”, “That’s Him”, “Where U At”, and “Pay Up” are some of its notable songs.
Before these albums, Mally had released several songs and had been featured in many released by other artists. So, he has made and continues to make money from record sales as most of his songs are available on various streaming platforms.
Producing Song for A-List Artists Has Been a Cash Cow for Mally Mall
For someone who has been producing music since 2004 and for artists whose songs are known across the globe, it is not hard to see that being a music producer has been a massive source of income for Mall. One of the first big artists he worked with is Poo Bear (Jason Boyd), a Grammy Award-winning singer-songwriter and music producer. Over the years, Poo and Mally have become more like business partners as they have collaborated on various projects. Notably, they wrote and recorded two of Justin Bieber’s albums: Journals and Purpose. Apart from the “Baby” singer, Mally has produced hundreds of songs for dozens of musical artists.
In addition to the A-listers listed above, he has worked with many average singers and is known to attract up-and-coming artists. He is known to have produced the sixth (Thug Stories) and seventh (Strength & Loyalty) studio albums of the famous American hip hop group, Bone Thugs-N-Harmony, respectively released in September 2006 and May 2007. A decade later, he produced E-40’s album The D-Boy Diary: Book 1 which dropped in November 2016, and Yukmouth’s JJ Based on a Vill Story Two which was released in April 2017. In 2019, he produced XXXTENTACION’s second posthumous solo album, Bad Vibes Forever, and the second studio album of PnB Rock, TrapStar Turnt PopStar.
2020 was a busy year for Mally Mall as he produced Ain’t Gone Do It / Terms and Conditions, Dissimulation, Find the Beat, and Pegasus which are all albums respectively released by E-40 and Too Short, KSI, Blueface, and Trippie Redd. It is said that an experienced producer of Mall’s caliber charges anything from $900 to $3500 per song and around 20 or 25 percent of the artist’s royalties. Keeping this in mind, it wouldn’t be out of place for one to assert that being a music producer made Mally Mall a multi-millionaire.
He Runs Two Profitable Record Labels and Is Also a Movie Producer
For a producer of his caliber, it would have been nothing short of a lack of initiative and resourcefulness had Mally Mall not ventured into owning and running his own record label. He owns two record labels called MallyMall Music and Future Music. He has nurtured the labels over the years and now has a fine production team that has helped many popular artists create hit songs.
The labels have afforded Mally greater control over his creative process; it has also afforded him some measure of experience to work in the movie industry and on shows like Succession and The Tonight Show Starring Jimmy Fallon. His most prominent work in the movie industry thus far is the 2008 documentary film titled 2 Turntables and a Microphone. He executed the production of the film which according to his website, earned him a Certificate of Recognition from the office of the Mayor of Los Angeles.
While the financial records of his record labels aren’t accessible to the public, there are no reasons to suspect it hasn’t been a profitable venture for Mally Mall.
The Producer Also Operated Several Moneymaking Escort Businesses
More than being a music entrepreneur, Mally Mall has a knack for doing business, and one of the things he has ventured into as a businessman is running escort services. Many people would agree it is a lucrative business but it has landed a lot of people in trouble and this happens to be the case for Mally. To the layman, there is a thin line between running an escort service and prostitution but as far as the law is concerned, no matter how tiny the line may seem, it must not be crossed. Mally Mall apparently crossed that line and was sentenced to 33 months in prison sometime in May 2021.
The hip-hop personality who probably believed he was running an escort service had a run-in with the law for owning and operating a prostitution business which eventually landed him behind bars. As culled from court documents, Mally was accused of making millions of dollars through illegal escort businesses. It is said that he persuaded and enticed hundreds of women into prostitution in several states across the United States. From what we gathered, he had two categories of women prostituting for him: “independent contractors” and “priority girls”.
As alleged, the independent contractors paid him half of whatever they earned whereas priority girls are required to hand over almost all of what they made. They make anything from $1,000 to $10,000 per day but can only keep $100 as Mally provided them with accommodation and high-end vehicles. With the figures involved, anyone with half an eye could tell that this was a money-spinner for Jamal Rashid until the law caught up with him.