Master P Net Worth
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Born Percy Robert Miller, Master P is a legend in the American music industry. The rapper gained success in hip-hop in the late 1990s and early 2000s. He was born in New Orleans on April 29, 1970. Besides rap, the 52-year-old is into entrepreneurship and film, among other activities bringing him revenue. However, what exactly is his net worth? Please read on to get the answer to this and find out how he earns and spends his money.
What is Master P’s Net Worth?
Master P has a net worth of $200 million as of April 2023. This makes him one of the wealthiest rappers globally. It is estimated that the rapper earns a salary of over $20 million every year. So, how did he make his money?
How did Master P Earn His Net Worth?
Master P is among the most successful rappers of his time. Interestingly, he has ventured into other activities to earn his revenue. Below are sources of Master P net worth.
This is one of the numerous careers Master P has pursued. Music brought him fame and popularity. He used his $10,000 inheritance after his grandpa’s death to start a record store, No Limit Records. Later, in 1990, he expanded this store to a record label to cater to his customers’ tastes. Additionally, No Limit Records was relaunched as New No Limit Records, which would later change to Guitar Music Entertainment. It is currently known as No Limit Forever Records. No Limit Records has sold more than 80 million records worldwide.
Master P’s first release was in 1990, “Mind of a Psychopath,” which featured 2 of his brothers. In 1991, he debuted his album; “Get Away Clean.” He gained prominence in music in the mid-1990s thanks to the success of his hip-hop group, TRU. Additionally, he garnered even more success after releasing his 5th album, “Ice Cream Man,” in 1996. Notably, he has released several solo albums and collaborations since that time. For example, in 1997, he released “Make EM Say Uhh!” which was an immensely successful platinum single.
Furthermore, he moved his label back to New Orleans, where he kept building his empire. His studio albums total 15 and are pretty successful. Below are some of his famous albums;
- Ghetto D; sold over 260,000 copies in its first week.
- Mr. Ice Cream Man
- MP Da Last Don: A hit album released in 1998. It sold over 400,000 units in its fits week
- Game Face; released in 2001
Additionally, the phenomenal celebrity has released collaborative mixed tapes and even gone on tours. Over the years, he has received accolades for success as a rap artist. For instance, at the American Music Awards, he won Favorite Rap/Hip-hop Artist in 2001. Also, he comes at number 28 on BET’s listings of the Most Influential Rappers of All Time. BET had him in the 25 Most Influential Black Music Executives listing. Also, he is the 1st hip-hop artist in the Louisiana Music Hall of Fame. This induction was on January 20, 2015. Therefore, Master P has much to be proud of as a successful artist.
Master P started playing basketball way back in his high school days. He played at Booker T Washington High School and Warren Easton High School. His exceptional performance as a basketball player earned him a scholarship landing him at the University of Houston. He would continue playing basketball at the university but would later drop out.
Master P also had two brief stints in the NBA. He played for the Charlotte Hornets and the Toronto Raptors in the 1998 and 1999 preseasons. Unfortunately, he never played in any regular season games.
Master P has played in several movies and shows, giving him global recognition. He started acting officially in 1997 when he was featured in several films. The acting world knows him for his role in Nickelodeon’s “Romeo,” where he played alongside his real-life son, Romeo Miller, from 2003 to 2006.
Furthermore, Master P and his family starred in Master P’s Family Empire. This reality show had ten episodes and ran on Reelz for a season. Moreover, Master P has been featured in the following films;
- Foolish (1999)
- Soccer Mom
- Uncle P
- Hollywood Homicide
- Gone in 60 Seconds
- Uncle Willy’s Family
Master P started a small business when still in high school. He would sell cell phones. Master P built a successful business empire in the late 1990s. He had numerous rap labels, a management company, a clothing line, and a high-end travel agency. Notably, in 1998, his business empire earned him over $160 million.
Other than music and business, Master P is a successful investor. He is the founder and CEO of No Limit Entertainment. Additionally, he is the CEO of P. Miller Enterprises and was the CEO of Better Black Television, a short-lived online television network.
How Does Master P Spend His Money?
Master P is continually building his colossal legacy. However, where does his money go? Master P’s wealthy personality is evident in how he spends his money;
The American rapper and entrepreneur has numerous properties in America. For instance, he has a house in Los Angeles, New York, Manhattan, and Beverly Hills.
Master P’s massive car collection is noticeable, thanks to his exotic cars. He has a Ferrari, Lamborghini, Mercedes Maybach, and Aston Martin.
Master P has dedicated his time and resources to philanthropy. He helps people experiencing homelessness through his P. Miller Food Foundation. Additionally, he helps communities at his P. Miller Youth Centers.
Furthermore, being a catholic, Master P donated $500,000 to his former Catholic elementary school and two nearby churches.
Master P is a famous and successful American musician and businessman. His music career is doing well, and so is his record label. He has taken an entrepreneurial approach to his music. Moreover, his businesses are also successful, and the rapper has achieved different honors for the legacy he has created. His net worth as of April 2023 is $200 million. Additionally, he spends his money on his car collection, property, and philanthropy.