What is the net worth of Master P?
Master P is an American rap mogul, entrepreneur, and film producer with a $200 million net worth. In the late 1990s and early 2000s, Master P was one of hip-most hop’s successful artists. He remains one of the world’s wealthiest rappers/entrepreneurs.
Master P was born Percy Miller on April 29, 1970, in New Orleans, Louisiana, a city renowned for music, albeit not necessarily the type of music he would produce. He was raised in the city’s Calliope Projects. He was one of four children, including two brothers named Silkk The Shocker and C-Murder who became successful rap artists.
The family was raised in the notoriously dangerous Calliope Projects. After his parents’ divorce, he spent time with both his father’s family in New Orleans and his mother’s family in Richmond, California.
When he attended Booker T. Washington High School and Warren Easton High School, he was an avid basketball player and won a scholarship to the University of Houston. He transferred to Merrit Junior College in Oakland, California to study business as a freshman.
Master P has so many occupations that it would be difficult to choose two or three. His wealth has been amassed through a variety of revenue streams, including his work as a rapper, an entrepreneur, and on occasion an actor.
After the death of his grandfather, he inherited $10,000 while still residing in Oakland. With the funds, he established No Limit Records, a record store. After learning the preferences of his customers, he decided in 1990 to expand the store into a record label. His debut release was the cassette-only EP Mind of a Psychopath, released in 1990. Two of his brothers were members of the supergroup The Real Untouchables (often abbreviated to TRU). Kevin, Master P’s other brother, was murdered in New Orleans in the same year.
Master P has consistently released and produced music since the release of his debut album, Get Away Clean, in 1991. With the release of a few more solo albums and TRU collaborations, his underground gangsta rap profile increased. In 1995, he returned the label to New Orleans, where he continued to expand his empire. Since then, he has released numerous albums with varying degrees of success.
Mr. Ice Cream Man and Ghetto D, which contains his most well-known single “Make ‘Em Say Uhh!”, are two of the most popular albums released during this era. Ghetto D sold over 260,000 copies in its first week of release and went on to achieve triple platinum status. The popular album MP Da Last Don was released in 1998. It debuted at number one on the Billboard charts and sold over 400,000 copies in its first week, outselling Ghetto D’s record by a significant margin. In the same year, Master P also released a film to accompany the album. Master P released Game Face, his tenth studio album, in 2001. In 2004, he released his eleventh album. In 2005, Master P and his son Lil Romeo founded the independent record label Guttar Music and released an album dedicated to Hurricane Katrina victims. In 2007, the duo released a collaborative album that went on to sell 32 thousand copies worldwide. Master P went on to collaborate, record, and tour annually while releasing mixtapes. We All We Got, his sixth collaborative mixtape with No Limit Boys, was released in January of 2017.
In the late 1990s, Master P amassed a diverse business empire that included several rap labels, a clothing line, a management company, a high-end travel agency, a film production company, and a video game company.
Even with his diverse business endeavors, No Limit Records remains his most notable and likely most successful enterprise. This pioneering label brought the Southern Rap sound to the mainstream, selling over 80 million records worldwide. Master P’s business empire generated over $160 million in 1998 alone. Master P published his first book, “Guaranteed Success.” in 2007.
Master P has also achieved considerable success as an investor, notably as the founder and chief executive officer of No Limit Entertainment. One of the most successful independent record labels of all time is No Limit.
In addition to his rap albums, Master P has also had some success in the acting world. Since 1997, he has appeared in numerous feature-length and direct-to-DVD films. He even had a brief stint with World Championship Wrestling in 1999. He was a Dancing with the Stars contestant, partnered with Ashly DelGrosso. He received the lowest score in the show’s history and was eliminated in Week 4 after receiving the lowest score ever.
In the Nickelodeon children’s sitcom “Romeo!” he played the father of the title character, for which he remains best known in the acting community. This was especially appropriate given that Romeo was portrayed by P’s actual son, the rapper Lil Romeo. Master P and his family were announced to have their own reality show, Master P’s Family Empire, in 2015. The show aired on Reelz for a single season, which included ten episodes.
In 1999, Master P won the Favorite Rap/Hip Hop Artist award at the American Music Awards. In 2005, he was ranked 36th on VH1’s list of the 50 Greatest Hip Hop Artists. The single “Make Em Say Uhh!” by Master P was ranked No. 94 on VH1’s list of the 100 Greatest Hip Hop Songs. On BET’s list of The Most Influential Rappers of All Time, he has been ranked number 28. Moreover, BET named him one of the 25 Most Influential Black Music Executives. In July 2013, Master P was inducted into the Louisiana Music Hall of Fame as the first hip hop artist.
In 1989, Master P wed Sonya Miller. Together, they have seven children. When Miller filed for divorce in 2014, she claimed the rapper owned 31 properties across the country, 13 automobiles, and 45 profitable businesses. She also asserted that No Limit Records was worth $136 million, according to the company’s own audit, and that Master P was worth $350 million at the height of his empire. She desired forty percent of his assets. In 2014, the divorce was finally settled on confidential terms.
Master P devotes time to underserved communities through his work with the P Miller Youth Centers and the P Miller Food Foundation for the Homeless, both of which he founded. In July 2005, he was presented with the city’s key in Memphis, Tennessee. In 2007, Master P became politically active and publicly advocated for voter participation. Master P was an early supporter of Illinois senator Barack Obama’s candidacy and eventually a supporter of his presidential campaign. Congresswoman Maxine Waters presented Master P and his son Lil’ Romeo with a Certificate of Special Recognition in April 2010. The father and son hosted an anti-obesity event with Michelle Obama in late 2010.