Where Does Daddy Yankee’s Money End Up?

Since jumping from Villa Kennedy to stardom in 2004, the Big Boss and King of Reggaeton, Daddy Yankee, has sold over 20 million records, and has performed in hundreds of concerts around the world. In addition, he has launched two record labels, and lines of clothing, perfume, watches and shoes. He has also starred in a film, and been featured in international advertising campaigns. However, during this successful path, Daddy Yankee’s companies, El Cartel Records and Los Cangris Inc., have mostly reported an annual income of less than a million dollars or even losses. Only his concerts leave huge amounts of money after overhead expenses—profits fluctuating, but exceeding $200,000 for each one of them, according to documents reviewed by the Centro de Periodismo Investigativo (Center for Investigative Journalism), the CPI.

¿A dónde va el dinero de Daddy Yankee?

El rapero Daddy Yankee surge dentro de una pesquisa internacional como eje de un complejo esquema corporativo asociado a Mossack Fonseca, un despacho multinacional que se especializa en crear corporaciones anónimas y cuentas bancarias offshore para sus clientes, y en proteger a toda costa su identidad. El nivel de actividad comercial del artista, sumado a los discos y productos lanzados al mercado todos los años, contrasta con los informes financieros radicados anualmente por sus corporaciones en el Departamento de Estado de Puerto Rico, entre otros documentos.