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Rick Ross Net Worth 2024: How the Rapper Built $150 Million
What is Rick Ross’ net worth?
Rick Ross is a prominent American rapper, songwriter, entrepreneur, and record executive with an estimated net worth of $150 million. Over his career, he has sold millions of albums and tens of millions of singles worldwide. At various times, he has been listed among the top ten highest-paid rappers globally, with earnings surpassing $90 million, excluding his investments in real estate, his record label, and other business ventures.
He gained fame in 2006 with his debut album, “Port of Miami,” which topped the U.S. Billboard 200 chart. Known for his distinct voice and compelling storytelling, Ross followed up with successful albums like “Trilla” (2008), “Deeper Than Rap” (2009), “Teflon Don” (2010), and “God Forgives, I Don’t” (2012), all of which also reached the top of the Billboard charts. His music often delves into themes of wealth, crime, and life in Miami.
Beyond music, Ross established Maybach Music Group (MMG), a record label that has propelled artists such as Meek Mill and Wale to success. He’s also a shrewd entrepreneur with investments in multiple Wingstop restaurant franchises and other business interests.
Key Highlights
Rick Ross has earned $90 million from music and touring throughout his career.
In 2014, he purchased Evander Holyfield’s suburban Atlanta mansion for $6 million.
The estate features 190 rooms and spans 235 acres, making it the largest mansion in Georgia at 54,000 square feet.
In 2020, he acquired an additional 87 acres next door, increasing his total Atlanta property to 322 acres.
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Early Life
Born as William Leonard Roberts II on January 28, 1976, in Clarksdale, Mississippi, Rick Ross grew up in Carol City, Florida. He graduated from Miami Carol City Senior High and attended Albany State University on a football scholarship.
Career
Ross worked as a correctional officer for 18 months, from December 1995 to June 1997. He began his music career under the alias Teflon Da Don but later adopted the name Rick Ross, inspired by the notorious drug lord “Freeway” Rick Ross.
In 2006, he released his first single, “Hustlin,” which sparked a bidding war among record labels. Despite offers from Diddy’s Bad Boy Entertainment and Irv Gotti’s Murder Inc., he signed a major deal with Jay-Z’s Def Jam Records. That same year, he released “Port of Miami,” his debut album, which debuted at number one on the Billboard 200. His second album, “Trilla,” was released in 2008 and also topped the charts.
In 2009, Ross launched his own record 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 the first artist to sign with Diddy’s management company, Ciroc Entertainment.
In early 2012, MTV named Ross the Hottest MC in the Game. He even appeared on VH1’s “Snoop and Martha’s Potluck Dinner Party,” where he joined Martha Stewart for some cooking fun.
Legal Issues
Rick Ross has faced several legal challenges over the years, including charges related to guns and drugs and lawsuits from various individuals in the music industry. In January 2008, he was arrested for possessing a gun and marijuana.
During a deposition with Officer Rey Hernandez, the Miami Beach officer who arrested him, Ross’s lawyer questioned why the case was handed over to the gang task force. The officer stated it was due to Ross’s alleged connections to Triple C’s (Carol City Cartel) and other known gang members, though no concrete evidence was provided.
In August 2008, DJ Vlad, a YouTube personality, sued Ross for assault and battery, claiming that Ross orchestrated an ambush at the 2008 Ozone Awards in Houston, Texas, after Vlad questioned him about his past as a correctional officer.
In June 2010, “Freeway” Ricky Ross filed a lawsuit for copyright infringement against him for using his name. By December 30, 2013, the court ruled in favor of Rick Ross, allowing him to keep his name based on a First Amendment decision.
In 2021, Rick Ross agreed to pay his ex-girlfriend Briana Singleton $11,000 a month in child support for their three children.
Personal Life
Rick Ross has four children: Toie Roberts, William Roberts III, Berkeley Hermes Roberts, and Billion Leonard Roberts.
Rick Ross identifies as a Christian. In an interview with Corey “Coco Brother” Condrey on Lift Every Voice, he expressed, “I had told myself at one point no matter what I go through, I never question God.” He also mentioned 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 was injured, but they crashed their car into an apartment while trying to escape.
In 2015, Ross was 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 apologized on Facebook, calling his remarks “insensitive” and a “mistake [he regrets].”
Rick Ross also owns several Wingstop locations.
Earnings Overview
We’ve tracked Rick Ross’s earnings and net worth since 2007, and he’s consistently been on the rise. Here’s a breakdown of his earnings 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
In February 2009, 50 Cent stirred controversy on the Ed Lover morning show by revealing Rick’s financial details from a child support case. These documents showed that Ross’s actual financial situation differed from the extravagant lifestyle he portrayed. He claimed ownership of three cars:
2004 Maybach valued at $55,000
Leased 2007 Cadillac Escalade worth $30,000
2006 Infiniti Q56 priced at $30,000
He also mentioned owning $45,000 in jewelry, raising questions about the authenticity of the bling he displayed in his music videos and on TV—was it real 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 approximately $585,000 in 2020/2021.
Real Estate
In 2012, Ross purchased a stunning 10,000-square-foot mansion on the waterfront in Fort Lauderdale, Florida, for $5.2 million. This three-story Mediterranean-style home features eight bedrooms, 11 bathrooms, and two half-baths. It includes two master suites, a theater, a game room, a full bar, an elevator, and a pool with a bar and spa. Set 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 headlines by purchasing a massive 54,000-square-foot mansion outside Atlanta for $5.8 million. This 109-room estate, previously owned by boxer Evander Holyfield, is considered the largest home in Georgia, with 12 bedrooms and 21 bathrooms.
In October 2020, Rick Ross spent $1 million on an additional 87 acres of land near his Atlanta mansion, bringing his total to 322 acres. He 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 purchase a mansion on Star Island in Miami for $37 million.
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Private Jet
In June 2023, Rick Ross took to Instagram to announce his latest purchase: a private jet. After some investigation into the plane’s tail number, it was discovered that 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 highlights his hard work, resilience, and business savvy. With a net worth of $150 million, Ross has thrived not only in music but also through strategic investments in real estate, Wingstop franchises, and other ventures.
His influence in the entertainment industry continues to expand, and his entrepreneurial spirit distinguishes him as a successful businessman. As he grows his empire, Rick Ross remains a notable figure in both music and business, inspiring many to pursue their dreams and create their own legacies.
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