Master P is an American rapper, record executive, and entrepreneur, he is one of the richest rappers in the world, with an estimated net worth of $200 Million. He is commonly regarded as the King of diversified income, as he is a founder of numerous ventures in different industries
|Full Name||Percy Robert Miller Sr|
|Date of Birth||April 29, 1970|
|Net worth||$200 Million|
Master P was born and raised in Louisiana, United States. He is the oldest of five children. He attended Booker T. Washington High School and Warren Easton High School. Heattended the University of Houston on an athletic scholarship, but dropped out months into his freshman year and transferred to Merritt College in Oakland, California to major in business administration.
After the death of his grandfather, Miller inherited $10,000 as part of a malpractice settlement. Miller opened a record store in Richmond, California called No Limit Records And Tapes, which later became the foundation for his No Limit Congolomerate.
Miller initially gained fame in the mid-1990s with the success of his hip-hop group TRU. Prior to the formation of the group, Master P has released two projects as a solo Rapper: Get Away Clean in 1991 and Mama’s Bad Boy in 1992. Leveraging on the success of TRU in 1994, Master P released his third studio album The Ghettos Tryin to Kill Me!.
He released several body of work but never got into the main stream, untill he released Ghetto D in 1997. The first week sales of the album were the highest of any of Master P’s albums, selling over 760,000 copies, and it went on to go certified triple platinum.
In 1998, he released his seventh and best-selling album to date MP Da Last Don. The album debuted at number 1 on the Billboard Top 200 charts selling over 400,000 copies in its first week, and went on to sell over four million copies.
Master P have since released several body of work after the success of MP Da Last Don, like Only God Can Judge Me, whcih sold over 500,000 copies. He also relaesed Good Side, Bad Side, which debuted at number 1 on the Billboard Independent Albums chart.
In 2000, formed a new group 504 Boyz, with other rappers from New Orleans. The group released their debut album Goodfellas, which peaked at number 1 on the Top R&B/Hip-Hop Albums. He also released numerous compilaition and collaborative albums after leaving the mainstream in the early 2000.
Aside being a successful rapper, Master P is also a successful music and entertainment executive. He founded No Limit Records, which was relaunched as New No Limit Records through Universal Records and Koch Records, and again as Guttar Music Entertainment, and currently, No Limit Forever Records.
Master P Net Worth
Master P is one of the richest rappers in the world, with an estimated net worth of $200 Million. He is regarded as the king of diversified income as he is a founder of numerous ventures in different industries. In 1998, Forbes ranked him 10th on the list of America’s 40 highest paid entertainers, with an estimated income of $56.5 million.
According to Wikipedia, Master P was one of the first rappers to build a business and financial empire by investing in a wide range of business and investment ventures. His conglomerate company, No Limit Enterprises reportedly grossed over $110 million in revenue in 1998 alone.
His real estate investment and property management company controls over 100 properties across the United States. This level of success inspired other rappers to branch out into other business ventures and investments.