Master P Net Worth 2024: Updated Wealth Of The Rapper

BYJake Skudder22.2K Views
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LOS ANGELES, CA - JUNE 21: Rapper Master P arrives at the BET Her Awards Presented By Bumble at The Conga Room at L.A. Live on June 21, 2018 in Los Angeles, California. (Photo by Amanda Edwards/Getty Images)
Explore Master P's net worth in 2024, attributed to his diverse career in music, film, and entrepreneurship, plus philanthropy.

Master P, the American rapper, entrepreneur, and record executive, is estimated to have a net worth of $200 million as of 2024, according to Celebrity Net Worth. But how did he manage to accumulate such a massive fortune? Let's delve into his career and the various ventures that have contributed to Master P's net worth.

The Beginnings Of Master P's Career

(Photo by Mark Sullivan/WireImage for Backstage Creations)

Born Percy Robert Miller, Master P grew up in New Orleans, Louisiana. He was exposed to the city's vibrant music scene from a young age. P kickstarted his music career with his own record store in Richmond, California, called No Limit Records. The store's success led him to create his own record label under the same name.

No Limit Records: A Game-Changer

HOUSTON, TEXAS - NOVEMBER 05: Master P performs during 2021 Astroworld Festival at NRG Park on November 05, 2021 in Houston, Texas. (Photo by Erika Goldring/WireImage)

Master P's record label, No Limit Records, was a game-changer in the world of hip-hop. In 1996, the label struck a groundbreaking 80/20 distribution deal with Priority Records that allowed the label to retain ownership of its masters.

No Limit Records had an impressive roster of artists, including Snoop Dogg, Mystikal, and Mia X. The label's success in the late 1990s and early 2000s contributed significantly to Master P's net worth.

Master P's Entrepreneurial Spirit

(Photo by Chelsea Lauren/Getty Images for BET)

Master P's entrepreneurial mindset has played a significant role in increasing his net worth. He has ventured into various businesses, such as film production, clothing lines, and even sports management. His film production company, No Limit Films, produced and distributed movies like I'm Bout It, I Got the Hook-Up, and Foolish, which starred Master P himself.

His clothing line, P. Miller Designs, featured urban streetwear, while his sports management agency, No Limit Sports, managed high-profile athletes like NFL running back Ricky Williams.

A Successful Acting Career

WEST HOLLYWOOD, CALIFORNIA - JANUARY 09: Master P attends the exclusive premiere for 'WE TV hosts Hip Hop Thursday's at Nightingale on January 09, 2019 in West Hollywood, California. (Photo by Santiago Felipe/Getty Images)

Master P's acting career has been another source of income, enhancing his net worth. He has appeared in numerous films and television shows, such as Dark Angel, Undisputed, and Hollywood Homicide. In addition to acting, Miller has also been a producer, writer, and director, showcasing his versatility in the entertainment industry.

Philanthropy And Social Impact

(Photo by Scott Olson/Getty Images)

Master P's net worth is not just a result of his business ventures and music career; he is also an active philanthropist. He has given back to his community through various charitable initiatives, such as the P. Miller Youth Centers, which provide educational and recreational opportunities for underprivileged youth. Master P's commitment to social impact demonstrates that his wealth goes beyond just monetary success.

Master P's Net Worth In 2024

(Photo by Robin Marchant/Getty Images for Collectors Cafe)

As of 2024, Master P's net worth is estimated at $200 million, making him one of the wealthiest figures in the hip-hop industry. His success can be attributed to his diverse career, which spans music, film, and entrepreneurship. From founding No Limit Records to building a successful acting career, Master P's business acumen and talent have solidified his place as a hip-hop legend.

Conclusion/TLDR

Master P's net worth of $200 million in 2024 is a testament to his hard work, determination, and ability to adapt to the ever-changing landscape of the entertainment industry. His multifaceted career as a rapper, entrepreneur, and actor has not only made him wealthy but also influential in the world of hip-hop and beyond.

About The Author
Jake is the SEO Content Lead for HotNewHipHop. He has more than ten years of experience covering mixed martial arts, pro wrestling, gaming and music across a number of publications, starting at SEScoops in 2012 under the name Jake Jeremy. His work has also been featured on GiveMeSport, Sportskeeda, Pro Sports Extra, Wrestling Headlines, NoobFeed, Wrestlingnewsco and Keen Gamer, again under the name Jake Jeremy. Previously, he worked as the Editor in Chief of 24Wrestling, building the site’s profile with a view to selling the domain, which was accomplished in 2019. As well as his work for HNHH, Jake is also the Editor in Chief for Fight Fans, a combat sports and pro wrestling site that was launched in January 2021 and broke into the millions of pageviews within the first two years. Jake also previously worked for the biggest independent wrestling company in the UK, PROGRESS Wrestling, as PR Head and Head of Media across the company's social channels. Jake's favourite Hip Hop artists are Kendrick Lamar, Public Enemy, The Beastie Boys and Body Count.