Tracey Edmonds is an American television producer, personality, and businesswoman who has a net worth of 60 million dollars. The television producer has made most of her fortune through her career in the entertainment industry. Some of the movies she has produced in the past did well and grossed millions of money at the box office. For instance, the movie Soul Food grossed over 43 million dollars. Tracey Edmonds made a fortune from this movie.
Career
After completing her college education, Tracey opted to pursue a career in real estate and mortgage. She bought and sold several properties, and then she later decided to transition into the entertainment industry. Tracey founded Edmonds Entertainment Group, which found success with its first film, Soul Food. The movie was well received, and it accumulated over 40 million at the box office. Following their instant success, the entertainment company continued producing other films.
It produced the likes of Light It Up, Good Luck Chuck, Jumping the Broom, and the series Josie and the Pussycats. All their films and shows found success, and Tracey Edmonds was the executive producer. Tracey is still active in the entertainment industry, but she is trying to extend her wings to other avenues of creating money.
Real Estate
Besides her venture in the entertainment industry, Tracey Edmonds has made several real estate investments, which have contributed to her current fortune. The television producer has bought and sold several properties for profit. For instance, in 2016, she bought a property in Century City for 1.165 million dollars. She sold it a year later for 1.45 million, making close to three hundred thousand dollars.
In 2017, Tracey Edmonds bought a 4000-square-foot property in Sherman Oaks for 1.46 million and sold it two years later for 1.85 million. From the two transactions, you can tell that Tracey is a businesswoman who has an eye for finer things, and she always makes the right financial decisions.
Babyface Divorce Settlement
Tracey has been in at least three publicly known relationships. However, her first relationship was quite a roller coaster. She was married to music mogul Babyface; the two met in the early 1990s when Tracey appeared in one of Babyface’s music videos. They ignited a romantic relationship, and in September 1992, they exchanged their wedding vows in front of their family and friends. It was a nice marriage for 13 years, and the couple had their moments. However, they began having issues, and Tracey asked for a divorce.
Following the divorce, Babyface was ordered to pay Tracey about half of all that he owned. At the time, Babyface had a net worth of approximately 100 million dollars. As such, if Babyface honored the order, Tracey must have gotten close to 50 million dollars as a divorce settlement.
Wrap Up
In summary, Tracey Edmonds has a net worth of 60 million dollars. She has made most of her fortune through her various ventures in the entertainment industry and in real estate. She is still engaged in various ventures, and her fortune is set to grow as time passes by.
