You know how they say that celebrities are just like everyone else?
Well, that both is and isn’t true when it comes to a variety of things, including the issue of measuring the net worth of a star like, say, Ice T.
When it comes to determining someone’s net worth, celebrity or otherwise, there are a few basic principles to keep in mind. First and foremost, a distinction needs to be made between liquid and fixed assets. Liquid assets constitute that which might be transferred into monetary assets relatively quickly, and can include everything from cash itself to investments and more. By contrast, a fixed asset is more akin to something like a house, car, or other kind of more concrete property that might have a good deal of value attached to it, but has that value in its present state and would need to be liquidated before it could be transitioned into something spendable. Balance all that against potential liabilities and the potential for future earnings, and you have a good starting point to determine someone’s net worth.
Determining Ice T’s worth is no different. Taking into account his present assets and liabilities, Ice T has put together a solid and, just as importantly, diversified portfolio. Ice T is known for both his work in the music industry as a rapper as well as an actor. His net worth from both at the moment is estimated to be around $40 million.
What’s truly impressive about Ice T from a net worth standpoint is the way in which he’s been able to parlay a potential “liability” from a financial standpoint into artistic and commercial achievements in both rapping and acting. In the case of the former, controversy swirled around Ice T’s gangsta rap in the late 80s and early 90s given their brutal takes on the clash between urban and often African-American communities and police departments, an issue which remains a hot one today. Even so, those songs were lucrative, and with long and noted role as a detective on Law and Order: SVU, has allowed him to capitalize on multiple angles of the issue, remain fresh and attack this charged subject from a variety of social perspectives.
With Ice T is still rapping and SVU is still playing—the second-longest Law and Order after the original series, and one of the longest-running shows in US television history—the future for Ice T’s net worth looks stable, which is always a good thing.