Rick Ross Net Worth: How He Became a Rap Mogul and Entrepreneur? (2024)

Rick Ross Net Worth: Rick Ross is one of the most successful and influential rappers in the music industry, with a net worth of millions as of 2023; the precise net worth is shown below; scroll down for more information.

Rick Ross is also the founder and CEO of Maybach Music Group, a record label that has released hit albums and singles by Meek Mill, Wale, French Montana, and Omarion. Rick Ross, in addition to his singing career, is a successful businessman who owns many Wingstop, Checkers, and Rally’s franchises. How did he accomplish such an amazing feat? Here’s a rundown of his life and work.

Rick Ross Net Worth and Lifestyle

As of 2023, Rick Ross’ net worth is expected to be around $45 million. The majority of his wealth has come from song sales, concerts, streaming royalties, record company revenues, sponsorships, and business investments. He’s also spent money on fancy cars, jewelry, clothing, and real estate.

The old estate of boxing legend Evander Holyfield in Fayetteville, Georgia is one of his most memorable purchases. He paid $5.8 million for the property in 2014. With 54,000 square feet of living space, 109 rooms, 12 bedrooms, 21 bathrooms, a bowling alley, a movie theater, a pool, a tennis court, a baseball field, and a lake, the estate is the largest in Georgia.

He also paid $1 million for a neighboring 87-acre plot of land in 2020. He christened the estate “Promise Land” and used it as a background for music videos and photoshoots.

Rick Ross is also well-known for his charitable contributions and social issues. He has given money and resources to a variety of organizations and localities, including the Trayvon Martin Foundation, the Miami Gardens Police Department, Carol City High School, the Boys & Girls Club of America, and others. He has also backed a number of groups and campaigns, including Black Lives Matter, Hurricane Harvey aid, voter registration, and jail reform.

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Rick Ross Early Life and Education

Rick Ross was born on January 28, 1976, in Clarksdale, Mississippi, as William Leonard Roberts II. He was raised in Carol City, Florida, and went to Miami Carol City Senior High School.

He was interested in football and was awarded a scholarship to Albany State University in Georgia, a historically black college. He dropped out after a year to pursue his musical love.

Rick Ross Music Career

Rick Ross began his career as Teflon Da Don in the mid-1990s. He joined 8Ball & MJG’s Suave House Records. Later, he joined Def Jam-distributed Slip-n-Slide Records. He adopted the stage name Rick Ross after legendary drug boss “Freeway” Rick Ross.

Rick Ross Net Worth: How He Became a Rap Mogul and Entrepreneur? (1)

His 2006 debut single “Hustlin’” was a hit and landed him a multi-million dollar deal with Def Jam. In the same year, his debut album “Port of Miami” topped the Billboard 200. “Trilla” (2008), “Deeper Than Rap” (2009), “Teflon Don” (2010), “God Forgives, I Don’t” (2012), “Mastermind” (2014), “Hood Billionaire” (2014), “Black Market” (2015), “Rather You Than Me” (2017), and “Port of Miami 2” (2019) sustained his success. Critics and fans praised all of his Billboard 200 top-10 albums.

Rick Ross is noted for his husky voice and passionate songs about his opulent lifestyle, criminal exploits, and Miami society. He has worked with Jay-Z, Drake, Lil Wayne, Kanye West, DJ Khaled, John Legend, Nicki Minaj, Chris Brown, Future, Nas, and others. He has received four Grammy nominations.

Rick Ross Maybach Music Group

Rick Ross established his own record label, Maybach Music Group (MMG), in 2009, which is distributed by Warner Bros. Records. He signed Meek Mill, Wale, French Montana, Gunplay, Omarion, Stalley, Rockie Fresh, Fat Trel, Tracy T, and more brilliant artists to his label.

Under the MMG moniker, he also published many compilation albums, including “Self Made Vol. 1” (2011), “Self Made Vol. 2” (2012), “Self Made Vol. 3” (2013), and “MMG Priorities Vol. 5” (2016). MMG has become one of the most successful and well-known rap labels.

Rick Ross Business Ventures

Rick Ross is an entrepreneur who has engaged in a variety of business projects in addition to his music career. He likes Wingstop, a fast-food restaurant franchise specializing in chicken wings. Under his company, Boss Wings Enterprises LLC, he owns over 25 Wingstop locations across the country.

He also owns multiple Checkers and Rally franchises, another fast-food restaurant business that provides burgers, fries, hot dogs, and other items. He has also been a spokesperson for various businesses and goods, including Ciroc vodka, Reebok footwear, Belaire Rose champagne, Luc Belaire sparkling wine, mCig electronic cigarettes, and Rich hair care products.

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Rick Ross Net Worth: How He Became a Rap Mogul and Entrepreneur? (2024)

FAQs

How did Rick Ross become successful? ›

In 2009 Ross founded Maybach Music Group, going on to sign eventual superstars Meek Mill, Wale, and French Montana. I didn't just wake up and have a hit record in six months. It took me a long time to get here. As his popularity grew, so did his ambitions for business ventures outside music.

Who is Rick Ross and how much is he worth? ›

American rapper Rick Ross Net Worth is estimated to be $160 Million as of 2024. Rick Ross is an American rapper and record executive. He is an amazing rapper known for his hip-hop, gangsta rap, and southern hip-hop genres.

How did Rick Ross start his rap career? ›

In his early years at Suave House Records, Roberts initially made his debut under the pseudonym Teflon Da Don. He made his recording debut on the song "Ain't Shhh to Discuss" on Erick Sermon's lone album for DreamWorks, Def Squad Presents Erick Onasis. In the mid-2000s, he changed his name to Rick Ross.

How did Rick Ross become a billionaire? ›

He has multiple platinum albums that have sold an overall $100 million worldwide and made the Top 200 Billboard list several times. Between all his business ventures and his music career, Rick Ross is estimated to be worth $150 million, per Forbes.

How did Rick Ross get into rap? ›

Starting out with a brief stint at Suave House Records, former label of southern legends Eightball & MJG, he ended up on Miami-based Slip-n-Slide Records. Slowly but surely Ross began making his way up the rap ladder. Waiting in the wings for his time to rhyme, Rozay learnt a lot whilst housed at Slip-n-Slide.

Why is Rick Ross so famous? ›

Ross's entry into the music scene began as a ghostwriter for artists on labels like Slip-n-Slide, but his big break came in 2006 when he released "Hustlin'", a single that was celebrated for its catchy chorus and vivid portrayal of Miami street life.

Who are the top 3 richest rappers? ›

Who is the richest musician in the world 2024? Top 11 richest rappers in the world, Eminem, P-Diddy net worth
  1. Jay-Z - $2 billion. With a reported net worth of $2 billion, money is certainly not one of Jay-Z's 99 problems. ...
  2. P Diddy - $800 million. ...
  3. Dr. ...
  4. Ye - $400 million.
Feb 21, 2024

How many cars does Rick Ross have? ›

Rick Ross has a collection of more than 100 cars, which he showed off at his annual car show. It's hard to disagree that there's a better collection... Car shows are for men who build their vehicles. Dam anybody can buy a done classic ride.

Does Rick Ross own a private jet? ›

Ross recently invested in his own private jet - aGulfstreamG550 - adding to his collection of mansions, cars, and shrewd business investments.

Who was the first rapper to get rich? ›

Through his business ventures, Jay-Z became the first hip-hop billionaire in 2019. In 1999, he co-founded the clothing retailer Rocawear and later founded the 40/40 Club, a luxury bar chain, in 2003.

Does Rick Ross still own Wingstop? ›

While some people hope to get a bite for their buck, the GRAMMY-nominated emcee actually lives that life as owner of multiple million-dollar-making Wingstop franchises across America.

Who started the rapper? ›

One of the first rappers at the beginning of the hip hop period, at the end of the 1970s, was also hip hop's first DJ, DJ Kool Herc. Herc, a Jamaican immigrant, started delivering simple raps at his parties, which some claim were inspired by the Jamaican tradition of toasting.

How big is Rick Ross house worth? ›

An oceanfront mansion purchased at $37 million, the property lies in Star Island, an exclusive area where many celebrities reside. It sits at 12,374 square feet with multiple amenities, a boat dock, six bedrooms and eight-and-a-half bathrooms.

How much is Rick Ross' plane worth? ›

We're not 100 percent sure what Rick Ross means when he calls it a '$5 billion jet', though. Prices for a Gulfstream G550 range between $15 million and $40 million.

How many cars did Rick Ross have? ›

Rick Ross has a collection of more than 100 cars, which he showed off at his annual car show. It's hard to disagree that there's a better collection... Car shows are for men who build their vehicles. Dam anybody can buy a done classic ride.

Is Rick Ross a billion? ›

He recently closed on a $35 million Star Island mansion in Miami and has a net worth estimated at around $100-150 million. While Ross may not have officially achieved billionaire status yet, his financial success is nothing to scoff at.

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