What is Tracey Edmond's Net Worth in 2024?

By Fan Arch March 20, 2024 08:27

In 2024, Tracey Edmonds, a prominent American producer and entrepreneur, has earned a substantial net worth through her diverse career in the entertainment industry. This article provides a comprehensive overview of Tracey Edmond's net worth in 2024, delving into her sources of income, notable achievements, and financial details.

Background

Tracey Elaine Edmonds, also known as Tracey Elaine McQuarn, was born on February 18, 1967, in Los Angeles, California, United States. She is renowned for her role as the CEO of Edmonds Entertainment Group Inc and COO of Our Stories Films, contributing significantly to her impressive net worth.

Net Worth and Sources of Income

As of 2024, Tracey Edmonds has an estimated net worth of $30 million. However, another source suggests that her net worth stands at $60 million, indicating the potential fluctuations in her financial status.

Sources of Income

Tracey Edmonds has garnered her wealth primarily from her involvement in the music, film, and television industries. As the founder of Edmonds Entertainment Group, she has produced several successful movies and shows, including "Soul Food," "Light It Up," "Josie and the Pussycats," and "Jumping the Broom". Furthermore, her tenure as a co-host of the TV show "Extra" and her role as a TV and film producer have significantly contributed to her financial success.

Real Estate Ventures

Apart from her entertainment endeavors, Tracey Edmonds has engaged in lucrative real estate transactions, adding to her overall wealth. Notable sales and purchases of properties, such as a contemporary home in Sherman Oaks and a townhome in Century City, have further contributed to her financial portfolio.

Career Highlights

Tracey Edmonds' career spans over three decades, marked by her versatile roles within the entertainment industry. Notably, she co-founded Edmonds Entertainment Group with her former husband, Kenneth "Babyface" Edmonds, and has since produced several acclaimed shows and movies, including "Soul Food," "Good Luck Chuck," and "Who's Your Caddy?". Her professional journey also includes serving as the CEO of Our Stories Films, where she focused on creating content for African-American audiences. Furthermore, she has been an influential figure in the Urban Entertainment division at BET Networks.

Personal Life

Tracey Edmonds' personal life has also garnered attention, particularly her high-profile marriages. She was previously married to singer Kenneth "Babyface" Edmonds for 13 years before their divorce in 2005. Subsequently, she married actor-comedian Eddie Murphy in 2008. Currently, she is in a relationship with former pro-football player Deion Sanders.

Noteworthy Investments

In 2004, Tracey Edmonds and her ex-husband jointly purchased a Beverly Hills home, and following their divorce, she retained ownership of the property. Notably, she decided to sell the house in 2020, eventually fetching a substantial amount from the sale.

Financial Milestones

Tracey Edmonds' financial journey is punctuated by significant milestones, including box office successes of various movies she has produced. The worldwide box office sales of movies like "Jumping the Broom," "New in Town," and "Good Luck Chuck" have contributed significantly to her overall net worth.

Tracey Edmonds stands as a prominent figure with a remarkable net worth in 2024, stemming from her multifaceted career in the entertainment industry and astute real estate ventures. Her enduring contributions as a producer, entrepreneur, and media executive continue to solidify her position as a respected and financially successful personality.

As of 2024, Tracey Edmonds' net worth is a testament to her enduring impact and success in the realms of entertainment, real estate, and business, positioning her as a notable figure in the public eye.

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