Net Worth: $3 million
Date of Birth: 6th March 1994
How They Make Money: Rapper, Entrepreneur
Marvin William Bailey, professionally known as Fredo, is a rapper and entrepreneur from Queen’s Park, London, UK. Fredo has an estimated net worth of around $3 million.
Below we will discuss Fredo’s early life, his entry into the music industry, and the big break that made him a household name contributing to his success. Moreover, we will highlight his earnings from various revenue streams and spending habits.
How Fredo Makes Money – Their Career
Fredo’s entry into the music industry came in 2015 after seeing several people around him record music and after receiving encouragement from local artists Ratlin and the Harrow Road Boyz. He released his first track, “They Ain’t 100,” in January 2016 under the record label Virgin Music UK.
The track quickly gained popularity as he served time in remand prison for a stabbing-related charge encouraging Fredo to record more music once he was out of remand. Fredo released his debut mixtape, Get Rich or Get Recalled, in 2017. The mixtape’s name is a play on 50 Cent’s debut album Get Rich or Die Tryin’, which Fredo frequently listened to growing up.
Fredo put more effort into his music career after seeing the potential music had to improve his lifestyle by taking him out of street and gang life. He could earn a legitimate living and avoid run-ins with authorities. In 2018, he released his second mixtape, Tables Turn, which peaked at No. 5 on the UK albums chart.
Fredo’s big break came in 2018. First, he got featured on Young T & Bugsey's Top 40 hit “Ay Caramba,” released in August 2018. He followed that up with a feature on Dave’s track “Funky Friday,” released in October 2018. The latter went on to top the UK's singles chart marking his first number-one song.
The success of Funky Friday propelled Fredo to stardom and gave him the influence to release three successful albums. They include Third Avenue in 2019 and Money Can’t Buy Happiness, and Independence Day, released in 2021. All three albums peaked in the Top 10 of the UK’s Album Chart.
Though Fredo earned a substantial amount when he was involved in illegal activities, he ventured into music to become a legitimate earner. Today, he primarily earns from the album and single sales, concerts, touring, and investments.
Fredo’s albums have sold thousands of copies each, while he boasts millions of streams on Spotify. He has 2,651,938 monthly listeners on Spotify. That means he earns at least $7,956 monthly from Spotify streams at $3 for every thousand monthly listeners.
Fredo’s other major income earner is his investment in sneaker retailer Kick Game. In 2021, Fredo invested millions of pounds in Kick Game, a popular sneaker store with two locations in London and a third in Birmingham. Kick Game’s earnings from 2020 to 2021 were £15 million compared to £2 million the previous year. Therefore, Fredo is poised to earn substantial returns on his investment as sneaker sales in the UK average £350 per shoe.
How Does Fredo Spend Their Money
For someone who earns millions of dollars a year, you might be curious about how they spend their money. Below are some of the ways Fredo spends his money.
As noted by his investment in Kick Game, Fredo is passionate about sneakers. A confessed sneakerhead, he considers the Jordan 1s his favourite sneakers though he preferred the Jordan 4s in his younger years. He has also stated his desire to one day work with the Jordan brand to develop a sneaker.
In an episode of Shopping For Sneakers at Kick Game, Fredo bought twenty-three pairs of sneakers that totaled £28,215.33. He also gave Kick Game an exclusive tour of his sneaker room, which holds a half-a-million-pound sneaker collection he has been putting together since 2015 that includes exclusive shoes.
Many artists have a hectic schedule whereby if they are not on tour, they are in the studio recording new music, or they are promoting a new single or album at media events. Therefore, whenever they get some free time, they like to travel, and Fredo is not any different.
Jewelry and Cars
True to his stylish persona, Fredo also likes to wear expensive jewelry. He mostly dons diamond chains and watches visible on his social media handles. He is also a car enthusiast, as he has been spotted with cars like the Rolls-Royce Cullinan, Lamborghini Urus, and Mercedes-Maybach GLS SUVs.
How Fredo Got On This Path
Marvin William Bailey was born on March 6, 1994, to a Barbadian father and a mother with English and Moroccan heritage. He grew up in West London at Mozart’s Estate, known for gang activity and crime. At some point, while growing up, he joined the gangs that ran his neighbourhood.
He would later get involved in illegal activities that contributed to his arrests in 2016 and 2017. Both arrests resulted in stints at remand prison on suspicions of being involved in stabbings though the charges were dropped before he got to court. He was also a victim of a stabbing where he was stabbed four times by thieves trying to steal his jewelry.
However, he abandoned his criminal activities when he became a music sensation, which relieved his mother, who was worried about his illegal dealings.
Fredo is notoriously private about his personal life though he did announce in February 2020 that he had welcomed a daughter without naming the child’s mother.
Fredo’s Net Worth, Final Thoughts
Fredo is a successful British rapper who moved away from a criminal lifestyle to become a legitimate brand. He has several successful albums that have established his brand on the music landscape and provided several income avenues, including album sales, singles sales, touring, concerts, endorsements, and investments. His years of effort have earned him an estimated net worth of $3 million.