Rick Ross Net Worth 2024: How the Rapper Built $150 Million

Rick Ross Net Worth 2024: How the Rapper Built $150 Million.

What is Rick Ross' net worth?

Rick Ross is a well-known American rapper, songwriter, entrepreneur, and record executive with a net worth of around $150 million. Throughout his career, he has sold millions of albums and tens of millions of singles globally. At different points, he’s been ranked among the top ten highest-paid rappers in the world, with total earnings exceeding $90 million, not counting his real estate investments, record label, and other business ventures.

He rose to fame in 2006 with his first album, "Port of Miami," which hit number one on the U.S. Billboard 200. Recognized for his deep voice and engaging storytelling in his lyrics, Ross continued his success with several hit albums like "Trilla" (2008), "Deeper Than Rap" (2009), "Teflon Don" (2010), and "God Forgives, I Don't" (2012), all of which topped the Billboard charts. His songs often explore themes of wealth, crime, and the Miami lifestyle.

Aside from music, Ross founded Maybach Music Group (MMG), a record label that has launched successful artists like Meek Mill and Wale. He’s also a savvy entrepreneur, owning multiple Wingstop restaurant franchises among other business interests.

Key Highlights

He’s raked in $90 million from music and tours throughout his career.

In 2014, he snagged Evander Holyfield's suburban Atlanta pad for $6 million.

The mansion boasts 190 rooms and sprawls across 235 acres.

At 54,000 square feet, it’s the biggest mansion in Georgia.

In 2020, he added another 87 acres next door.

Now, his total Atlanta property covers 322 acres.

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Early Life

William Leonard Roberts II came into the world on January 28, 1976, in Clarksdale, Mississippi. He grew up in Carol City, Florida. After finishing high school at Miami Carol City Senior High, he went on to Albany State University, where he played football on a scholarship.

Career

Ross spent 18 months as a correctional officer, starting in December 1995 and wrapping up in June 1997. He kicked off his music career under the name Teflon Da Don but switched to Rick Ross in the mid-2000s, taking inspiration from the infamous drug lord "Freeway" Rick Ross.

In 2006, he dropped his first single "Hustlin," which sparked a bidding war among labels. He received offers from Diddy's Bad Boy Entertainment and Irv Gotti's Murder Inc. but ultimately signed a huge deal with Jay-Z's Def Jam Records. That same year, he released his debut album, Port of Miami, which shot straight to number one on the Billboard 200. His second album, Trilla, came out in 2008 and also debuted at the top of the charts.

In 2009, Ross launched his own label, Maybach Music Group, and released several studio albums, including Deeper Than Rap (2009), Teflon Don (2010), God Forgives, I Don't (2012), Mastermind, Hood Billionaire (both in 2014), Black Market (2015), Rather You Than Me (2017), Port of Miami 2 (2019), and Richer Than I Ever Been (2021). He was also the first artist to sign with Diddy's management company, Ciroc Entertainment.

In early 2012, MTV recognized Ross as the Hottest MC in the Game.

He even made an appearance on VH1's Snoop and Martha's Potluck Dinner Party, where he teamed up with Martha Stewart for some cooking fun.

Legal Issues

Ross has had his fair share of legal issues over the years. He’s been in trouble for gun and drug charges and has also dealt with lawsuits from various folks in the music biz. Back in January 2008, he got arrested for gun and marijuana possession.

During a deposition with Officer Rey Hernandez, the Miami Beach cop who took him in, Ross's lawyer asked why the case was handed over to the gang task force. The officer mentioned it was because Ross had claimed ties to Triple C's (Carol City Cartel) and other known gang members, but he didn’t provide any solid evidence to back that up.

Then in August 2008, DJ Vlad, a YouTube personality, sued Ross for assault and battery. Vlad alleged that Ross set up an ambush at the 2008 Ozone Awards in Houston, Texas, after Vlad asked him about his past as a correctional officer.

Fast forward to June 2010, and "Freeway" Ricky Ross took legal action against him for using his name, filing a copyright infringement suit in a California federal court. By December 30, 2013, the court ruled in favor of Rick Ross, allowing him to keep his name thanks to a First Amendment decision.

In 2021, Rick Ross settled on paying his ex-girlfriend Briana Singleton $11,000 a month in child support for their three kids.

Personal Life

Ross has four kids: Toie Roberts, William Roberts III, Berkeley Hermes Roberts, and Billion Leonard Roberts.

Rick Ross identifies as a Christian. In a chat with Corey "Coco Brother" Condrey on Lift Every Voice, he mentioned, "I had told myself at one point no matter what I go through, I never question God." He also shared that he prays before every performance.

On January 27, 2013, while celebrating his 37th birthday, Ross and his girlfriend were involved in a drive-by shooting in Fort Lauderdale, Florida. Thankfully, neither of them was injured, but they did crash their car into an apartment while trying to escape.

In 2015, Ross got briefly engaged to Lira "Galore" Mercer.

In 2017, he faced backlash for saying in an interview that he never signed a female rapper because "I would end up f*cking [her] and f*cking the business up." He quickly took to Facebook to apologize, calling his remarks "insensitive" and a "mistake [he regrets]."

Rick Ross also owns multiple Wingstop locations.

Earnings Overview

We've been keeping an eye on Rick Ross's earnings and net worth since 2007, and he's definitely been on the grind. Here’s how his salary has changed over the years:

2007 – $2 million

2008 – $3 million

2009 – $6 million

2010 – $5 million

2011 – $6 million

2012 – $9 million

2013 – $6 million

2014 – $7 million

2015 – $9 million

2016 – $10 million

2017 – $11 million

2018 – $4 million

2019 – $5 million

2020 – $7 million

Total: $90 million

Back in February 2009, 50 Cent stirred the pot on the Ed Lover morning show by revealing Rick's financial details from a child support case. These papers showed that Ross's real financial situation was quite different from the lavish lifestyle he liked to flaunt. He claimed to have three cars:

2004 Maybach valued at $55,000

Leased 2007 Cadillac Escalade worth $30,000

2006 Infinity Q56 priced at $30,000

He also mentioned owning $45,000 in jewelry, which raised questions about the bling he showcased in his music videos and on TV—was it all fake or borrowed? His monthly mortgage payments were around $9,700, and he admitted to spending $7,000 more than he earned each month.

Legal documents from his child support case with his ex revealed that Rick Ross's monthly income was about $585,000 in 2020/2021.

Real Estate

Back in 2012, Ross snagged a stunning 10,000-square-foot mansion right on the water in Fort Lauderdale, Florida, for $5.2 million. This three-story Mediterranean beauty features eight bedrooms, 11 bathrooms, and two half-baths. It boasts two master suites, a theater, a game room, a full bar, an elevator, and a pool complete with a bar and spa. Sitting on nearly half an acre, the property offers 150 feet of private waterfront in the upscale Seven Isles community. He listed the home for $9.25 million in 2014 and eventually sold it in 2016 for just over $6 million.

In 2014, Ross made waves by buying a massive 54,000-square-foot mansion outside Atlanta for $5.8 million. This 109-room estate, previously owned by boxer Evander Holyfield, is thought to be the largest home in Georgia, featuring 12 bedrooms and 21 bathrooms.

Fast forward to October 2020, when Rick Ross dropped $1 million on an extra 87 acres of land near his Atlanta mansion, bringing his total to 322 acres. He’s named this expansive property "The Promise Land."

In April 2023, it was reported that Rick Ross paid $4.2 million in cash for Meek Mill's mansion in Atlanta.

Then in July 2023, news broke that Rick was in contract to buy a mansion on Star Island in Miami, with a price tag of $37 million.

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Private Jet

In June 2023, Rick took to Instagram to announce his latest purchase: a private jet. After some sleuthing with the plane's tail number, it turned out he bought a 2012 Gulfstream G550. Depending on various factors, these jets typically sell for between $10 million and $40 million. Rick's jet was likely acquired for around $19.5 million in April 2023 through an LLC named Maybach Air.

Rick Ross' journey from a correctional officer to a globally recognized rapper and entrepreneur is a testament to his hard work, resilience, and business acumen. With a net worth of $150 million, Ross has not only excelled in music but also made strategic investments in real estate, Wingstop franchises, and other ventures.

His influence in the entertainment industry continues to grow, and his entrepreneurial spirit sets him apart as a successful businessman. As he expands his empire, Rick Ross remains a prominent figure in both music and business, inspiring countless individuals to chase their dreams and build their own legacies.