Master P (Percy Miller) is a highly successful American businessman who is most well known from his extremely popular rap label ‘No Limit Records’ and from being one of the most productive and successful rappers in American history. His entrepreneurial approach to music, combined with his relentless drive to improve the lives of his family, and those in his community has helped him become a multimillionaire many times over.
So, that’s exactly what this page will be highlighting, Master P’s net worth and his current earning power. And, just for good measure we’ll also include a few interesting facts related to his success and current ventures. So, let’s dive in.
What Is Master P’s Net Worth?
Master P’s net worth was once estimated to be nearly $350 million when he was at his prime. But it dropped significantly when his wife at the time sought a divorce back in 2014. According to TMZ his now ex-wife sought over $67 million of their $178 million fortune that year. Eventually they settled everything financially back in 2016, and they became officially divorce in 2022.
That said, Master P’s net worth has been estimated to be around $200 million since 2017 per Celebrity Net worth. But what’s Master P’s actual net worth now? Per our analysis, Master P’s current net worth as of 2023 is estimated at $297 million.
How Much Does Master P Make Per Year?
Master P is still making moves, and is involved in various projects to help his community. He will forever be known as a Hip Hop mogul, and will pull in royalties on the works he’s done from the past for years to come. But these days, he’s pushing into new industries.
He’s expanded into the movie industry, video game industry, toy industry, sports industry and many more. Now, his next target is the food industry. P has his sights set on pushing products that find themselves on the grocery store shelves or auto showrooms.
Always a big thinker, he’s moved on to creating a line up of products, like cereal, syrup, oatmeal, snacks, and more, with profits going back to the community.  Inspired by Elon Musk, he also has plans for creating black-owned supercars.
That said, his focus these days is to push most of the profit he makes from his enterprises back into the black community, so getting his most up-to-date income is hard to come by. However, we can still provide a baseline income, based off the earning power of his net worth.
To get P’s baseline income, we simply assume he’s a savvy enough investor to earn a 4.5% annual yield off of his net worth (not hard with 3-5% annual returns on safe investments historically). Assuming a hypothetical transfer of all of his assets into various safe dividend/cashflow yielding assets like REITS, ETFs, and Stocks, Master P could easily be making $13.4 million a year.
See the chart below on how that breakdown by month, day, etc..
MASTER P MONEY METRICS
|2023 Net Worth:||$297,000,000|
|**Earnings Per Year:||$13,365,000|
Note: this is a hypothetical (but very possible) earnings Metric based off the earning power of Master P’s net worth alone. It does not include how much Master P makes from his on-going projects in entertainment, food or automobile enterprises, etc. This calculation is for entertainment purposes only.
MASTER P’S NET WORTH HISTORY
Below is a helpful snapshot of Master P’s Net Worth history. It highlights the drop in his fortune, and then his ability to make a comeback, and eventually come out stronger financially.
This wealth history goes back to 2014, showcasing a positive change in his overall fortune by 66.8% over the past 8 to 9 years.
Master P Fun Facts:
- Master P has 3.6 million Instagram followers, 197.3K Twitter followers, 2.7 million Facebook followers, and 185K YouTube subscribers. As such, his grand total of social media followers 6.68 million.
- P was a high school basketball superstar, and earned a scholarship to play for the University of Houston.
- Master P founded No Limit Records in 1990, but has been active in hip hop since 1989.
- In 1998, he made it onto Forbes list of America’s Top 40 Entertainers with his $56 million fortune.
- Master P had a short stint playing basketball in the NBA for the Charlotte Hornets in 1998.
- As the owner of No Limit Sports, Master P represented Ricky Williams when he was drafted by the Saints.
- Master P has 9 children: Romeo, Cymphonique, Mercy, Hercy, Tytyana, Veno, Young V, Itali, and Inty Miller.
Related: Think and Grow Rich
How Did Master P Get So Rich?
Master P’s rise to fame and fortune was no overnight feat. He struggled to make it out of the dangerous streets of New Orleans, and eventually fell into the drug game as a way to make ends meet. After realizing that he wanted more for himself and his newborn son at the time, he moved his budding family California to start over.
It wasn’t too long after he arrived, that he serendipitously acquired a small $10,000 payout from his grandfather’s wrongful death suit. This money became the startup capital which he leveraged to open up his own record store business. He struggled with the business for a time, but it led him into gangster rap, which his record store began selling to fulfill the local demand.
This led to his interest in becoming a rapper himself, so as to share his experiences from the hood with eager listeners. Slowly but surely, he grew his fan base, improved his delivery, and once he figured out the marketing and distribution side of the music business, his success took off.
As a savvy business man and master marketer, Master P leaned into the industry to become more than just a rapper. He decided to become a producer, owner, and entrepreneur of his own label. And in a sense, he became a virtual rap factory, turning out new beats, new artists, all with trendy branding and packaging that took the country by storm. By 1998 his relentless efforts saw him bring over $160 million that single year alone.
And as a big thinking business man, P’s has yet to shy away from new projects that continue to build his wealth and improve the lives of those he serves.
Related: Master P’s Success Story
These days Master P is more than just a rapper. He’s an entrepreneur and an investor, and if there’s one thing that P will continue to do long into the future, it’ll be building his wealth for both himself and his community.
Now you don’t need to become a rapper, a producer, or even an entrepreneur to get rich. In fact, you can build a sizeable fortune for yourself and even get rich with a normal job.
Sure, it may take a bit longer to even get close to the size of Master P’s net worth, but one thing is certain, it’ll never get close if you never start. So, why not get your hustle on like P, and get started on building your wealth today?
That said, here a few powerful words and success anecdotes that Master P has himself stated over the years. We’ve included them here to give you some insight behind the creative genius that has helped P become so successful. so, give them a read, as they might just help you get on the right track for building your own business or financial empire.
“Its my passion that drove me to like get better and better like an athlete in a gym.” – Master P
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“People should be praying for wisdom, not for money. If you got the wisdom and the knowledge you can do whatever you want to do.” – Master P
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Related: Master P Quotes
If you’re looking for even more success and wealth building insights to help you eventually build your own Master P-sized net worth, then you’ll enjoy the insights shared in this video.
Video Credit: Complex Hustle (Subscribe Here)
Here are some key Master P takeaways:
- Master P Net Worth: $297 million
- Annual Earnings **: $13.3 million
- Social Media Followers: 6.68 million
- Keys to Success: Taking Risks, Trial and Error, Self-Education, Relentless Effort, Thinking Big
Master P’s sizeable net worth is biproduct of his ability to hustle and take risks to bring his grand visions to life. He’s never been one to settle, and the more you learn about him, the more you’ll realize that he’s a true student of success, a big dreamer, and willing to constantly put in the work to improve himself, his products, and his financial situation.
That said, we hope you got what you were looking for as it relates to Master P’s net worth and a bit more. If you enjoyed the page, please share it or come back when you’re in need of a bit of inspiration.
Till you reach your financial goals,
PS – If you enjoyed our Master P net worth profile, then you may equally enjoy learning about the net worth of other high achievers and influencers like Grant Cardone.
** These earnings are hypothetical and are calculated based off of the net worth of Master P using a 4.5% annual yield.
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