The fourth member of the American hip-hop group Migos, Offset began his rap career after meeting rapper Quavo in high school in Lawrenceville, Georgia. He is known for his signature ad-libs and his work with the rap trio Migos alongside Quavo and Takeoff. They have released two studio albums which have achieved significant commercial success in the United States and internationally; Culture (2017) and Culture II (2018). As of 2018, Offset has an estimated net worth of $20 million.
Yearly income
$1.2 million (3 albums, endorsements, tour and merch)
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Estimated yearly spending
$750,000 Offset is a rapper from Migos, a hip-hop trio that was brought to fame by their second album Yung Rich Nation. Offset makes his living from his rap career and has an estimated yearly income of $750,000. He and group mate Quavo make up 1/3 of Migos who have released four albums since 2013 including Culture (2017), which debuted at number one on Billboard 200 and received critical acclaim as it made its way to receiving positive reviews as well as being ranked among Rolling Stone’s 50 Best Rap Albums of 2017 list. As far as 2018 goes, these three guys are paid over $1 million per show.
Lifestyle expenses
Rap superstars may make millions of dollars a year, but they have an expensive lifestyle to maintain. For example, Offset and Cardi B reportedly own at least four luxury cars between them (valued at around $100K each), which means that their car-related expenses could run them hundreds of thousands per year if they lease instead of buy. And if they move out into a mansion with a pool, security systems, and staff salaries—it’s just more money going out. I estimated that Offset owns a house worth $1 million based on his 2018 reported income and 2014 social media posts showing him living in one.
Net income
According to Forbes, rapper Offset earned $6 million in 2017. He also raked in about $4 million from his group, Migos. How much will he earn by 2021? It’s impossible to say exactly. Although there are rap artists who make more than $20 million a year (Diddy and Jay-Z are good examples), they’re a minority among artists and their earnings tend to come from business ventures outside of music sales. If Offset is able to keep up his recent success, he’ll probably see an increase on his income by 2021 that puts him into another tax bracket. As a general rule, you pay taxes on money made at your income level—the higher your earnings, the higher your tax bracket and therefore income taxes.
Net worth growth rate per year
5% or 7% (start with 5%)
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.
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