Master P Net Worth

What Is Master P's Net Worth?

Master P is an American rap mogul, entrepreneur, and film producer who has a net worth of $200 million. In the late 1990s and early 2000s, Master P was one of the most successful people in hip-hop. To this day, he is one of the richest rappers/entrepreneurs in the world.

Master P gained prominence in the mid-1990s as the founder of No Limit Records, which became one of the most successful independent record labels in the music industry. His music career took off with the release of his platinum-selling album "Ice Cream Man" in 1996, followed by a string of chart-topping releases, including "Ghetto D" and "MP Da Last Don."

Known for his distinctive Southern rap style and business acumen, Master P expanded his empire beyond music, venturing into film production, real estate, and other entrepreneurial pursuits. He has appeared in numerous movies, such as "I Got the Hook Up" and "Gone in 60 Seconds," and has also been involved in various philanthropic endeavors.

Throughout his career, Master P has sold over 100 million records worldwide, making him one of the most successful artists in hip-hop history. His influence extends beyond music, as he has been recognized for his entrepreneurial spirit and his ability to build a multimillion-dollar empire from humble beginnings.

Early life

Master P was born Percy Miller on April 29, 1970, in New Orleans, Louisiana, a city renowned for music, though perhaps not the kind that he would go on to produce. He was raised in the Calliope Projects of the city. He was one of four children, including two brothers, Vyshonne and Corey, who would go on to become successful rap artists under the names Silkk the Shocker and C-Murder.

Master P grew up in the Calliope Projects, some of the most notoriously violent in the city. After his parents divorced, he spent time in New Orleans with his father's family and Richmond, California, where his mother's family lived.

He was an avid basketball player when he attended Booker T. Washington High School and Warren Easton High School, and he won a scholarship to the University of Houston. However, this was short-lived, and he transferred to Merrit Junior College in Oakland, California, during his freshman year to study business.

Career

Master P has so many careers it would be difficult to narrow it down to two or three. His net worth has been accumulated through many different revenue channels, including his work as a rapper, an entrepreneur, and sometimes an actor.

While still living in Oakland, he inherited $10,000 after the death of his grandfather. With the money, Master P opened a record store, which he called No Limit Records. After getting to know the tastes of his customers, in 1990, he decided to expand the store into a record label. His first-ever release was the 1990 cassette-only EP "Mind of a Psychopath." This was released under the name The Real Untouchables (often shortened to simply TRU), a supergroup featuring two of his brothers. That same year, Master P's other brother, Kevin, was killed in New Orleans.

Master P has regularly released and produced music since his 1991 debut album entitled "Get Away Clean." The release of a few more solo albums and TRU collaborations saw his profile rise in the underground gangsta rap scene. In 1995, he decided to move the label back to New Orleans, where he continued to build his empire. He has since released a variety of albums to varying degrees of success.

Some of the more popular albums released in this era include "Mr. Ice Cream Man" and "Ghetto D," the album which contains his best-known single, "Make 'Em Say Uhh!" "Ghetto D" sold over 260,000 copies in its first week and would later be certified triple platinum. In 1998, he released the hit album "MP Da Last Don." The record sold even faster than "Ghetto D," debuting at #1 on the "Billboard" charts and moving over 400,000 units in its first week. Master P even released a film to accompany the album that same year. In 2001, he released his tenth studio album, "Game Face." He released his eleventh album in 2004. In 2005, Master P and his son Lil' Romeo formed the independent label Guttar Music and released an album dedicated to the victims of Hurricane Katrina. In 2007, the two released a collaborative album that sold 32,000 copies worldwide. Master P went on to collaborate, record, and tour, releasing mixtapes every year. His sixth collaborative mixtape effort, "We All We Got," with his group No Limit Boys, was released in January 2017. He has released 15 studio albums in total.

Other pursuits

In the late '90s, Master P built a well-diversified business empire that included several rap labels, a clothing line, a management company, a high-end travel agency, a film production company, a video game company, and even a phone sex line.

Even with his eclectic business pursuits, his most notable and likely most successful endeavor continues to be No Limit Records, a pioneering label that brought the Southern Rap sound to the mainstream, selling over 80 million records worldwide. In 1998 alone, Master P's business empire generated more than $160 million. In 2007, Master P released his first book, "Guaranteed Success."

Master P has also had a large measure of success as an investor, including as the founder and CEO of No Limit Entertainment. No Limit is one of the most successful independent record labels of all time.

In addition to his rap albums, Master P has had a little bit of success as an actor. Since 1997, he has acted in several feature and straight-to-DVD-release films. In 1999, he even had a small run with World Championship Wrestling. He was a contestant on "Dancing with the Stars," partnered with Ashly DelGrosso. He scored the lowest score in the show's history and was eliminated in Week 4.

He remains best known in the acting world for his work on the Nickelodeon children's sitcom Romeo!, in which he starred as the titular character's father. This was especially fitting considering that Romeo was played by P's real-life son, rapper Lil' Romeo. It was announced in 2015 that Master P and his family would star in their own reality show, "Master P's Family Empire." The show ran on Reelz for one season, spanning ten episodes.

In October 2019, Master P purchased ownership in the Brooklyn-based independent wrestling promotion House of Glory.

Accolades

Master P won Favorite Rap/Hip Hop Artist at the American Music Awards in 1999. He was ranked #36 on VH1's list of 50 Greatest Hip Hop Artists in 2005. Master P's single "Make Em Say Uhh!" was ranked #94 on VH1's 100 Greatest Hip Hop Songs. He has been listed at #28 on BET's list of The Most Influential Rappers of All Time. In addition, BET listed him as one of the 25 Most Influential Black Music Executives. In July 2013, Master P became the first hip-hop artist to be inducted into the Louisiana Music Hall of Fame. In 2021, he received an honorary doctorate from Lincoln University in Pennsylvania.

Personal life

Master P married Sonya Miller in 1989. They have seven children together. When Miller filed for divorce in 2014, she claimed that the rapper owned 31 properties around the country, 13 cars, and 45 lucrative companies. She further claimed that No Limit Records was worth $136 million per the company's own audit and that Master P himself was worth $350 million at the peak of his empire. She was seeking 40% of his assets. The divorce was eventually settled on undisclosed terms in 2014.

In 2020, Master P moved to Minneapolis, Minnesota, from Hollywood to take care of a sick family member. In May 2022, Master P announced that his daughter Tytyana Miller had died at 29 years old.

Master P devotes time to underserved communities through his work with his own organizations, the P Miller Youth Centers and the P Miller Food Foundation for the Homeless. In 1999, he donated $500,000 to his Catholic elementary school and two nearby churches. He was presented with the key to the city of Memphis, Tennessee, in July 2005.

In 2007, Master P got actively involved in the political scene, publicly encouraging voter participation. Master P was an early supporter of the candidacy of Illinois Senator Barack Obama. He was also supportive of his campaign for the presidency. In April 2010, Master P and his son Lil' Romeo were given the Certificate of Special Recognition from Congress member Maxine Waters. In late 2010, the father and son duo hosted an anti-obesity event with Michelle Obama.

In April 2023, it was announced that Master P partnered with Swizzle Dinner and Drinks to launch a special menu item to benefit Louisville children. The twin petite Angus filets with crawfish and cajun cream sauce pay homage to his Louisianan roots and will see 20 percent of the proceeds from each order going back to the Game Changers outreach program.