Master P’s net worth is estimated to be at $200 million as of 2022.
Master P or Percy Jackson? Robert Miller’s musical career has brought him a lot of fame and acclaim. He’s also an actor, businessman, basketball player, record producer, and philanthropist, among other things.
He is also the founder of the record company No Limit Records, which was relaunched as New No Limit Records with Universal Records and Koch Records on board. Guitar Music Entertainment was renamed No Limit Records.
It is currently known as No Limit Forever Records. Master P is the CEO of P. Miller Enterprises and has achieved enormous success in his musical career.
Early Life
Master P, formerly Percy Robert Miller, was born and reared in the Calliope Projects of New Orleans, Louisiana. Master P, like Jay Z, grew up in great poverty and lived in one of the most dangerous housing developments in the country.
He went to Booker T Washington High School and excelled on the basketball team. As a result, he was able to secure a full athletic scholarship at the University of Houston.
He dropped out of school and went to Merit College in Oakland, California, to study business administration. He would later drop out of Merit College as well, claiming that college was not for him. His grandfather died tragically in a work-related accident in 1990, leaving him a $10,000 malpractice insurance settlement payout.
With this money, Master P opened No Limit Records in Richmond, California.
He switched from being a record store to becoming a record label because he recognized a better business possibility there. After his grandfather died, Master P got to work composing music and trying to build a reputation for himself.
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What Is the Net Worth of Master P?
Master P is a $200 million-plus rap mogul, entrepreneur, and film producer from the United States. Master P was one of the hip-most hop’s most successful artists in the late 1990s and early 2000s. He is still one of the wealthiest rappers and businessmen in the world.
| Net Worth: | $200 Million |
|---|---|
| Age: | 50 |
| Born: | April 29, 1970 |
| Country of Origin: | United States of America |
| Source of Wealth: | Entrepreneur |
| Last Updated: | 2022 |
Career
Master P has so many occupations that it would be impossible to choose just two or three. His net worth has grown through a variety of sources, including his employment as a rapper, entrepreneur, and sometimes actor.
He inherited $10,000 from his grandfather while still living in Oakland. He used the money to open No Limit Records, a record store.
After getting to know his clients’ likes, he decided to turn the store into a record company in 1990. The 1990 cassette-only EP “Mind of a Psychopath” was his first release.
This was published as part of a supergroup called The Real Untouchables commonly abbreviated as TRU, which included two of his siblings. Kevin, Master P’s other brother, was assassinated in New Orleans the same year.
Since his debut album Get Away Clean in 1991, Master P has consistently released and produced music. His prominence in the underground gangsta rap scene rose with the release of a couple more solo albums and TRU collaborations.
He decided to relocate the label to New Orleans in 1995, where he continued to expand his empire. Since then, he’s recorded a number of albums with varying degrees of success.
Mr. Ice Cream Man and Ghetto D, the latter of which contains his best-known track “Make ‘Em Say Uhh!” In its first week, Ghetto D sold over 260,000 copies and went triple platinum. MP Da Last Don, a popular album, was released in 1998.
The album debuted at number one on the Billboard charts and sold over 400,000 copies in its first week, outselling Ghetto D. In the same year, Master P released a film to go along with the music.
Game Face, Master P’s tenth studio album, was released in 2001. In 2004, he released his eleventh studio album. Master P and his son Lil Romeo founded the independent label Guitar Music in 2005 and released an album dedicated to Hurricane Katrina victims.
In 2007, the two collaborated on an album that went on to sell 32,000 copies around the world. Master P went on to collaborate, record, and tour, as well as release mixtapes on a yearly basis. We All We Got, his sixth collaboration mixtape with his band No Limit Boys, was released in January 2017.
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Personal Life
Sonya Miller and Master P married in 1989. They are the parents of seven children. Miller’s ex-wife claimed that the rapper owns 31 houses throughout the country, 13 automobiles, and 45 lucrative businesses when she filed for divorce in 2014.
She further stated that according to the company’s own audit, No Limit Records was worth $136 million and that Master P was worth $350 million at the height of his empire. She was after 40% of his assets. In 2014, the divorce was finalized on secret terms.
Master P works with his own organizations, the P Miller Youth Centers and the P Miller Food Foundation for the Homeless, to help underprivileged communities.
In Memphis, Tennessee, he was given the key to the city in July 2005. In 2007, Master P became more interested in politics, publicly encouraging people to vote.
Master P was an early backer of Illinois senator Barack Obama’s candidacy, as well as his presidential campaign. Congresswoman Maxine Waters presented Master P and his son Lil’ Romeo with a Certificate of Special Recognition in April 2010. The father-and-son team hosted an anti-obesity rally with Michelle Obama in late 2010.
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