About Master P’s Net Worth
Discover the net worth of Master P, the accomplished American rap mogul, entrepreneur, and film producer. His estimated net worth is an impressive $200 million. During the late 1990s and early 2000s, Master P was a dominant figure in hip-hop, and he remains one of the wealthiest rappers and entrepreneurs globally to this day.
Master P made a name for himself in the mid-1990s by founding No Limit Records, a highly successful independent record label. His music career took off with the release of the platinum-selling album “Ice Cream Man” in 1996, followed by other chart-topping albums like “Ghetto D” and “MP Da Last Don.”
Renowned for his unique Southern rap style and business savvy, Master P diversified his ventures beyond music, expanding into film production, real estate, and other entrepreneurial pursuits. He has featured in various films, including “I Got the Hook Up” and “Gone in 60 Seconds,” alongside engaging in philanthropic initiatives.
Master P has sold over 100 million records globally throughout his career, solidifying his status as one of the most successful figures in hip-hop history. His impact transcends music, as he is acknowledged for his entrepreneurial acumen in transforming humble beginnings into a multimillion-dollar empire.
Early Life Details
Born Percy Miller on April 29, 1970, in New Orleans, Louisiana, Master P was raised in the city’s Calliope Projects. He grew up in a challenging environment but emerged successful. He was one of four siblings, including brothers Vyshonne and Corey, who achieved success in the rap scene as Silkk the Shocker and C-Murder, respectively.
Master P navigated through the tough backdrop of the Calliope Projects, notorious for its violence. After his parents’ separation, he split time between New Orleans and Richmond, California. He showed promise in basketball during his time at Booker T. Washington High School and Warren Easton High School, earning a scholarship to the University of Houston before transferring to Merrit Junior College in Oakland to study business.
Career Insights
Master P’s multifaceted career spans various domains, making it challenging to pinpoint just a few. His substantial net worth is a result of his involvement in multiple revenue streams, from rap to entrepreneurship and occasional acting.
While residing in Oakland, Master P inherited $10,000 after his grandfather’s passing. He utilized this inheritance to open a record store, which eventually evolved into No Limit Records in 1990. The label’s first release was the 1990 EP “Mind of a Psychopath.” That same year, tragedy struck as his brother Kevin was killed in New Orleans.
Master P has maintained a steady output of music since his debut album “Get Away Clean” in 1991. His solo albums and TRU collaborations elevated his status in the underground gangsta rap scene. In 1995, he relocated the label to New Orleans, continuing to expand his empire. Over the years, he has released a diverse range of albums with varying degrees of success.
Key albums from this era include “Mr. Ice Cream Man” and “Ghetto D,” featuring his hit single “Make ‘Em Say Uhh!”
In its first week, “Ghetto D” sold over 260,000 copies, later achieving triple platinum status. His 1998 hit album “MP Da Last Don” debuted at #1 on the “Billboard” charts, selling over 400,000 units in its first week, exceeding the pace set by “Ghetto D.” Accompanying the album, Master P released a film in the same year. His tenth studio album, “Game Face,” was released in 2001, followed by his eleventh album in 2004. In 2005, Master P and Lil’ Romeo formed the independent label Guttar Music, releasing an album dedicated to Hurricane Katrina victims. A collaborative album in 2007 with his son sold 32,000 copies globally. Master P continued to collaborate, record, and tour, releasing mixtapes annually. The group No Limit Boys released the sixth collaboration mixtape, “We All We Got,” in January 2017, bringing his total studio album releases to 15.
Michael Loccisano/Getty Images
Other pursuits
Master P built a diverse business empire in the late ’90s including various rap labels, a clothing line, a management company, a high-end travel agency, a film production company, a video game company, and even a phone sex line. No Limit Records, which sold over 80 million records worldwide and brought Southern Rap to the mainstream, remains one of his most successful ventures. In 1998 alone, his business empire generated over $160 million. He released his first book, “Guaranteed Success,” in 2007.
As an investor, Master P has found success as the founder and CEO of No Limit Entertainment, one of the most triumphant independent record labels. Besides his rap career, he dabbled in acting, appearing in feature films and straight-to-DVD movies since 1997. He joined World Championship Wrestling briefly in 1999 and participated in “Dancing with the Stars.” Master P acted in the Nickelodeon sitcom “Romeo!” alongside his real-life son, Lil’ Romeo. In 2015, it was announced he would star in “Master P’s Family Empire,” a reality show that aired on Reelz for one season with ten episodes.
In October 2019, Master P acquired ownership in the Brooklyn-based wrestling promotion House of Glory.
Accolades
Master P received the Favorite Rap/Hip Hop Artist award at the 1999 American Music Awards. VH1 ranked him #36 on the 2005 list of 50 Greatest Hip Hop Artists and his single “Make Em Say Uhh!” at #94 on the 100 Greatest Hip Hop Songs. He was listed at #28 on BET’s The Most Influential Rappers of All Time.
Master P, acclaimed as one of the 25 Most Influential Black Music Executives, was inducted into the Louisiana Music Hall of Fame in July 2013, making him the first hip-hop artist to receive this honor. In 2021, he was bestowed with an honorary doctorate from Lincoln University in Pennsylvania.
Personal life
Master P tied the knot with Sonya Miller in 1989, and they share seven children. During their divorce proceedings in 2014, Miller alleged that the rapper possessed 31 properties nationwide, owned 13 cars, and ran 45 successful companies. She also asserted that No Limit Records had an estimated value of $136 million according to the company’s audit, with Master P himself reaching a pinnacle net worth of $350 million. She had requested a 40% share of his assets as part of the divorce settlement, which was eventually resolved on undisclosed terms later that year.
Master P relocated to Minneapolis, Minnesota, from Hollywood in 2020 to provide care for an ailing family member. Tragically, in May 2022, he announced the passing of his daughter Tytyana Miller at the age of 29.
Devoting his efforts to underserved communities, Master P is actively engaged with his own initiatives, namely the P Miller Youth Centers and the P Miller Food Foundation for the Homeless. In 1999, he generously contributed $500,000 to his childhood Catholic school and two neighboring churches, a gesture that earned him the key to the city of Memphis, Tennessee, in July 2005.
Master P ventured into politics in 2007, advocating for increased voter engagement. He lent his early support to Illinois Senator Barack Obama’s candidacy for the presidency and was later recognized with the Certificate of Special Recognition from Congress member Maxine Waters in April 2010, alongside his son Lil’ Romeo. Subsequently, in late 2010, the father-son duo organized an anti-obesity event in collaboration with Michelle Obama.
In a recent development announced in April 2023, Master P teamed up with Swizzle Dinner and Drinks to introduce a special menu item that supports Louisville children. The dish, twin petite Angus filets with crawfish and cajun cream sauce, pays tribute to his Louisiana heritage and allocates 20 percent of the proceeds from each order towards benefiting the Game Changers outreach program.