Master P is an American rapper and entrepreneur. As of 2018, his net worth is around $160 million. What makes this number all the more impressive, however, is that he didn’t start amassing his fortune until 1997 when he released his first album at the age of 27. Given that he has only been in the business for 22 years, what will Master P’s net worth be by 2021? Will it be higher or lower than today?
For more than 20 years, rapper, actor and entrepreneur Percy Robert Miller Jr. has been steadily rising to fame. In 1991, he recorded his first songs with producer Ted Smooth of No Limit Records. Together they formed a band called TRU (True Runnings Unlimited) with other local rappers that would eventually be known as Master P’s label No Limit Records. In 1994, Master P released his debut album Get Away Clean under No Limit Records while still in high school. It sold 6 million copies worldwide, peaking at number 23 on Billboard’s Heatseekers chart and making it one of most successful debuts by a hip-hop artist at that time.
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Net Worth (early years)
Master P began rapping as a teenager and released his first independent album, Get Away Clean, at age 15. It was 1991 when he released his first official album, The Ghettos Tryin to Kill Me! This is still regarded as one of his best albums. Through his years of rapping, he managed to release more than 100 singles and 18 full-length albums that included collaborations with artists such as Snoop Dogg and Lil Wayne. His single Make Em Say Uhh! reached #35 on Billboard Hot 100 chart; whereas Bout It Bout It peaked at #3 on Billboard Top R&B/Hip-Hop Singles & Tracks chart.
Earnings from music
In 2018, Master P earned an estimated $1.3 million from music—mostly from sales of his MP Da Last Don 2 album. Overall, he has sold an estimated 2.4 million albums over his long career. His most successful record to date is 1998’s Ghetto D with 1.8 million copies sold (including 600K digital downloads). That makes it his best-selling release—an impressive figure for a rapper who hasn’t released a major label album since 1999! Since then, Master P has relied on independent releases, selling just over 605K units overall across seven records; that includes almost 26K albums sold in 2018 alone—more than half of which were digital downloads!
Other Revenue Sources
A lot of people may not know, but Master P also earns a pretty penny as an actor. His first acting role was actually in Blaxploitation films—but he’s had small roles in some of your favorite comedies and dramas, including: 21 Jump Street, The Other Guys, Confessions of a Shopaholic, American Gangster and more. Recently he starred on TV Land’s The Soul Man alongside Cedric The Entertainer as well. While he hasn’t played a lead role since 1999’s I Got The Hook Up, it does add to his revenue streams.
$19,841,500.00 Annually (approx.)
Sources of Income
As a rapper, Master P has released several albums that have done exceptionally well. Ice Cream Man alone has generated close to $30 million. Aside from his music career, he also earns money as an actor and producer on other people’s films and shows. His work is what drove him to build his own film company called No Limit Films, through which he produced two of his popular movies: I Got The Hook Up and Foolish. Moreover, to promote some of his records in various radio stations across America, Master P also toured around as a live DJ with other rappers including Mack 10. He made sure to add tours every time he had an album out there so that it would boost its sales even more.
Last Updated on December 25, 2021
Andrew Smith is a professional News researcher and writer. He has been writing latest tending news articles for various news agencies.