Rick Ross Net Worth 2024: How the Rapper Made $150 Million.
What is Rick Ross’s net worth?
Rick Ross is a well-known American rapper, songwriter, entrepreneur, and record executive with a net worth of around $150 million. Throughout his career, he has sold millions of albums and tens of millions of singles worldwide. At different times, he has been ranked among the ten highest-paid rappers in the world, with a total income exceeding $90 million, not including his real estate investments, record label, and other ventures.
He rose to fame in 2006 with his debut album, “Port of Miami”, which reached number one on the US Billboard 200. Known for his deep voice and engaging lyrical storytelling, Ross continued his success with several hit albums like “Trilla.” ” (2008), “Deeper Than Rap” (2009), “Teflon Don” (2010), and “God Forgives, I Don’t” (2012), all topping the Billboard charts. His songs often explore themes of Miami’s wealth, crime and lifestyle.
Besides music, Ross founded Maybach Music Group (MMG), a label that launched successful artists like Meek Mill and Wale. He is also a savvy entrepreneur, owning several Wingstop restaurant franchises among other business interests.
Highlights
He has raked in $90 million from music and touring throughout his career.
In 2014, he bought Evander Holyfield’s home in suburban Atlanta for $6 million.
The mansion has 190 rooms and spans 235 acres.
At 54,000 square feet, it is the largest mansion in Georgia.
In 2020, he added another 87 acres next door.
Today, his total property in Atlanta spans 322 acres.
RELATED: Mike Majlak’s Net Worth: Success in Social Media and Business.
Early life
William Leonard Roberts II was born on January 28, 1976 in Clarksdale, Mississippi. He grew up in Carol City, Florida. After completing his high school education at Miami Carol City Senior High, he continued his education at Albany State University, where he played football on scholarship.
Career
Ross spent 18 months as a correctional officer, beginning in December 1995 and ending in June 1997. He began his music career under the name Teflon Da Don, but switched to Rick Ross in the mid-2000s, taking inspiration from the infamous drug lord. “Highway” Rick Ross.
In 2006, he released his first single “Hustlin'”, which sparked a bidding war between labels. He received offers from Diddy’s Bad Boy Entertainment and Irv Gotti’s Murder Inc. but ultimately signed a huge contract with Jay-Z’s Def Jam Records. The same year, he released his debut album, Port of Miami, which went straight to number one on the Billboard 200. His second album, Trilla, was released in 2008 and also debuted at the top of the charts.
In 2009, Ross launched his own label, Maybach Music Group, and released several studio albums, including Deeper Than Rap (2009), Teflon Don (2010), God Forgives, I Don’t (2012), Mastermind, Hood Billionaire (both 2014), Black Market (2015), Rather You Than Me (2017), Port of Miami 2 (2019) and Richer Than I Ever Been (2021). He was also the first artist to sign with Diddy’s management company, Ciroc Entertainment.
In early 2012, MTV recognized Ross as the sexiest MC in the game.
He even made an appearance on VH1’s Snoop and Martha’s Potluck Dinner Party, where he teamed up with Martha Stewart for some cooking fun.
Legal issues
Ross has had his fair share of legal troubles over the years. He has gotten in trouble for gun and drug charges and has also faced lawsuits from various people in the music business. In January 2008, he was arrested for gun and marijuana possession.
In a deposition with Officer Rey Hernandez, the Miami Beach cop who took him in, Ross’ attorney questioned why the case was assigned to the gang task force. The officer mentioned that this was because Ross had claimed to have ties to the Triple C (Carol City Cartel) and other known gang members, but he did not provide any solid evidence to support this.
Then, in August 2008, DJ Vlad, a YouTube personality, sued Ross for battery. Vlad alleged that Ross ambushed him at the 2008 Ozone Awards in Houston, Texas, after Vlad asked him about his past as a correctional officer.
Fast forward to June 2010, and “Freeway” Ricky Ross took legal action against him for using his name, filing a copyright infringement lawsuit in a California federal court. On December 30, 2013, the court ruled in favor of Rick Ross, allowing him to keep his name through a First Amendment ruling.
In 2021, Rick Ross decided to pay his ex-girlfriend Briana Singleton $11,000 per month in child support for their three children.
Personal life
Ross has four children: Toie Roberts, William Roberts III, Berkeley Hermes Roberts and Billion Leonard Roberts.
Rick Ross identifies as a Christian. During a conversation with Corey “Coco Brother” Condrey on Lift Every Voice, he mentioned, “I told myself at one point, no matter what I go through, I never question God.” He also shared that he prays before each performance.
On January 27, 2013, while celebrating his 37th birthday, Ross and his girlfriend were involved in a drive-by shooting in Fort Lauderdale, Florida. Fortunately, none of them were injured, but they crashed their car into an apartment while trying to escape.
In 2015, Ross was briefly engaged to Lira “Galore” Mercer.
In 2017, he faced backlash for saying in an interview that he never signed with a female rapper because “I’d end up getting laid.” [her] and screw up the company. He quickly took to Facebook to apologize, calling his remarks “insensitive” and a “mistake.” [he regrets]”.
Rick Ross also has several Wingstop locations.
Income overview
We’ve been tracking Rick Ross’s income and net worth since 2007, and he’s definitely struggling. Here is how his salary has evolved over the years:
2007 – $2 million
2008 – $3 million
2009 – $6 million
2010 – $5 million
2011 – $6 million
2012 – $9 million
2013 – $6 million
2014 – $7 million
2015 – $9 million
2016 – $10 million
2017 – $11 million
2018 – $4 million
2019 – $5 million
2020 – $7 million
Total: $90 million
In February 2009, 50 Cent shook things up on Ed Lover’s morning show when he revealed Rick’s financial details regarding a child support case. These documents showed that Ross’ actual financial situation was very different from the lavish lifestyle he loved to flaunt. He claimed to own three cars:
2004 Maybach worth $55,000
2007 Cadillac Escalade leased worth $30,000
2006 Infinity Q56 priced at $30,000
He also mentioned owning $45,000 worth of jewelry, which raised questions about the bling he displayed in his music videos and on TV: Was it all fake or borrowed? His monthly mortgage payments were about $9,700 and he admitted to spending $7,000 more than he earned each month.
Legal documents from his child support case with his ex revealed that Rick Ross’ monthly income was around $585,000 in 2020/2021.
Real estate
In 2012, Ross purchased a stunning 10,000 square foot waterfront mansion in Fort Lauderdale, Florida for $5.2 million. This three-story Mediterranean beauty features eight bedrooms, 11 bathrooms, and two half bathrooms. It has two master suites, a theater, game room, full bar, elevator, and pool with bar and spa. Spanning nearly half an acre, the property offers 150 feet of private waterfront in the upscale Seven Isles community. He listed the home for $9.25 million in 2014 and ultimately sold it in 2016 for just over $6 million.
In 2014, Ross made waves when he purchased a massive 54,000 square foot mansion outside of Atlanta for $5.8 million. This 109-room estate, previously owned by boxer Evander Holyfield, is considered the largest home in Georgia, with 12 bedrooms and 21 bathrooms.
Fast forward to October 2020, when Rick Ross spent $1 million on an additional 87 acres of land near his Atlanta mansion, bringing his total to 322 acres. He named this vast property “The Promised Land”.
In April 2023, it was reported that Rick Ross paid $4.2 million in cash for Meek Mill’s Atlanta mansion.
Then, in July 2023, news broke that Rick had signed a contract to buy a mansion on Star Island in Miami, for a price of $37 million.
RELATED: Dana White Net Worth: How the UFC President Built His Fortune.
Private Jet
In June 2023, Rick took to Instagram to announce his latest purchase: a private jet. After some research on the plane’s tail number, it turned out that he had purchased a 2012 Gulfstream G550. Depending on various factors, these planes typically sell for between $10 million and $40 million. Rick’s jet was likely acquired for around $19.5 million in April 2023 through an LLC named Maybach Air.
Rick Ross’ journey from correctional officer to world-renowned rapper and entrepreneur is a testament to his hard work, resilience and business acumen. With a net worth of $150 million, Ross has not only excelled in music but has also made strategic investments in real estate, Wingstop franchises and other businesses.
His influence in the entertainment industry continues to grow, and his entrepreneurial spirit sets him apart as a successful businessman. As he expands his empire, Rick Ross remains a prominent figure in music and business, inspiring countless people to pursue their dreams and build their own legacies.