Master P is a rapper, actor, entrepreneur, producer and also former basketball player. He is the founder and also CEO of P. Miller Enterprises and Better Black Television. Do you want to know his net worth? Here, we will reveal his net worth and also the other important information about him.
What Is Master P Net Worth?
Master P was one of the most successful people in hip hop in the late 1990s and early 2000s. And until now, he is one of the wealthiest rappers or entrepreneurs in the world. So, what is his net worth? His net worth is $200 million.
How Is Master P’s Early Life?
In New Orleans, Louisiana, Master P was born on April 29th, 1967. His real name is Percy Robert Miller. In the Calliope Projects of the city, he was raised. Master P is the first child of five children. He has one sister namely Germaine and also three brothers namely Kevin, Corey and Vyshonne. They grew up in the Calliope Projects. After his parents divorced, he decided to spend time in New Orleans with his father’s family and Richmond, California with his mother’s family.
Master P became a student of Booker T. Washington High School and Warren Easton High School. Then, he got a scholarship to the University of Houston. However, he dropped out and then he transferred to Merritt College in Oakland, California to learn business administration.
After his grandfather passed away, he inherited $10,000 as part of a malpractice settlement. In Richmond, California, he opened a record store named No Limit Records. Later, it became the foundation for his own record label of the same name.
Master P released the cassette tape on February 15th, 1990 entitled Mind Of A Psychopath. In the same year, his brother, Kevin Miller, was killed in New Orleans. It made him increase his motivation to be a successful entrepreneur to change his life and save his family.
How About Master P’s Career?
Master P has a lot of careers. HIs net worth that we mentioned earlier comes from a lot of different revenue channels including his work as an entrepreneur, a rapper and sometimes an actor.
After his grandfather passed away, he inherited $10,000 when he lived in Oakland. By using the money, he began a record store named No Limit Records. Then, he could know the tastes of his customers and then in 1990 he expanded the store into a record label. “Mind of a Psychopath” was his first release which was the 1990 cassette-only EP. It was released under the name The Real Untouchable which was often shortened to TRU. TRU was a supergroup featuring two of his brothers. In the same year, Kevin, who is Master P’s brother, was killed in New Orleans.
In 1991, he released a debut album entitled Get Away Clean. Since then, he has regularly released and produced music. His profile rose in the underground gangsta rap scene because of the release of a few more solo albums and TRU collaborations. Then, he made a decision to move the label back to New Orleans in 1995. There, he continued to build his empire. A variety of albums have been released by him to varying degrees of success.
There were some more popular albums which were released in this era. Those were Mr. Ice Cream Man and Ghetto D, the album which has his best known single namely “Make ‘Em Say Uhh!”. In the first week, Ghetto D album sold over 260,000 copies and then it became triple platinum. In 1998, he released MP Da Last Don. The record sold faster than Ghetto D and it debuted at number one on the Billboard charts and in the first week, it moved over 400,000 units. In the same year, he also released a film to accompany the album.
His tenth studio album entitled Game Face was released in 2001. Then, in 2004, he released his eleventh album. In 2005, Master P and his son named Lil Romeo built an independent label named Guitar Music and they released an album. The album was presented to the victims of Hurricane Katrina.
In 2007, Master P and his son released a collaborative album. This album sold 32,000 copies globally. Then, Master P continued to collaborate, tour, record and also release mixtapes every year. In January 2017, he released his sixth collaborative mixtape entitled We All We Got with his group No Limit Boys.
Does Master P Have Other Pursuits?
Master P established a well-diversified business empire in the late 1990s. It included some rap labels, a management company, a clothing line, a film production company, a high end travel agency and a video game company. With his eclectic business pursuits, his most popular and the most successful endeavor continues to be No Limit Record. It is a pioneering label which brought the Southern Rap sound to the mainstream. It sold over 80 million records globally. The business empire owned by Master P could generate more than $160 million in 1998 alone.
Then, Master P released his first book in 2007 entitled “Guaranteed Success”. As an investor, Master P has also had big success including as the founder and CEO of No Limit Entertainment. We can say that No Limit is one of the most successful independent record labels of all time.
Besides his rap albums, Master P has also had success as an actor. He has played in some feature and straight to DVD release films since 1997. Even in 1999, he had a small run with World Championship Wrestling. He got the lowest score in the show’s history and he was eliminated on Week 4.
He is well known in the acting world for his work on the Nickelodeon children’s sitcom entitled “Romeo!”. There, he starred as the titular character’s father. It was fitting because Romeo was played by his son, Lil Romeo.
In 2015, there was an announcement that Master P and his family would star in their own reality show entitled Master P’s Family Empire. This show ran on Reelz for one season. It spanned ten episodes.