Net Worth: $20 Million
What Is ASAP Rocky’s Net Worth?
Bmwmunk / Depositphotos.comASAP Rocky’s net worth of $20 million is largely attributed to the rapper’s career in the music industry. Born Rakim Mayers in Harlem, New York, ASAP Rocky has become a superstar among his peers, selling out concerts, racking up millions of album sales, and being featured on tracks for many other rappers and singers.
The singer’s rise to fame and his sudden wealth were earned against a tragic backdrop. When Mayers was 12 years old, his father was incarcerated and his older brother was killed. Mayers along with his mother and sister moved into a shelter and A$AP Rocky sold cannabis and crack to support his family and eventually served two weeks in prison for possession of narcotics.
In 2007 ASAP Rocky joined the A$AP Mob Crew out of Harlem. The collective of rappers, producers, and other talented individuals from the music scene helped ASAP hone his skills, and in 2011 his single “Peso” followed by the single “Purple Swag” were big hits for the rapper.
The initial hits from his independent tracks led the rapper to sign a $3 million deal with Sony, RCA Records, and Polo Grounds Music.
ASAP Rocky Earns From Album Sales
arp / Depositphotos.comThe rapper has earned a reputation for dropping hit tracks but has only released three studio albums.
Wikipedia notes that the “discography of American rapper ASAP Rocky consists of three studio albums, one mixtape, 42 singles (including 25 as a featured artist), eight promotional singles and 31 music videos.
The three albums dropped by the singer have done well, racking up just over 3.5 million album sales from his three studio albums released in 2013, 2015, and 2018.
| Album Name | Release Year | Sales |
|---|---|---|
| LONG.LIVE.A$AP (2013) | 2013 | 2,207,000 |
| AT.LONG.LAST.A$AP (2015) | 2015 | 1,235,000 |
| TESTING (2018) | 2018 | 123,395 |
If we conservatively estimate $10 in profit per album and give ASAP Rocky’s net worth a 5% bump from those sales, he has likely added between $1 million to $2 million to his net worth on record profits of somewhere in the vicinity of $25 million to $35 million.
After taxes, management feeds, and other costs, it’s likely that Rocky ASAP saw only a modest part of his fortune come about from album sales.
At the same time, the rapper has charted 26 times with his singles and he’s racked up dozens of platinum and multi-platinum-selling tracks. You can see all of the rapper’s track sales info on the website of the Recording Industry Association of America (RIAA).
Conservatively, A$AP Rocky has likely earned a few million dollars from his album and singles sales.
A$AP Rocky’s Net Worth Is Helped By Streaming, Especially On Spotify
benhoudijk / Depositphotos.comWhile there are certainly issues with the music streaming business model, industry experts believe one billion streams on Spotify earn around $3 million to $5 million.
Keep in mind, the money earned from those streams are split among the artist, writers, producers, their studio, and others. We conservatively estimate that artists only receive about 5% of the total money collected for streaming.
As a lead and solo artist, ASAP Rocky has earned more than 10.6 billion streams, and he’s added more than 7.1 billion as a featured artist on other tracks.
| Total | As Lead | Solo | As Feature | |
|---|---|---|---|---|
| Streams | 15,544,865,001 | 8,399,368,562 | 3,262,334,211 | 7,145,496,439 |
| Daily | 6,957,793 | 4,126,299 | 1,605,315 | 2,831,494 |
| Tracks | 220 | 83 | 40 | 137 |
If we hone in on just A$AP Rocky’s personal streams, he’s likely earned around $30 million to $50 million just on Spotify. Throw in YouTube streams, Apple Music, Tidal, Amazon Music, and other platforms and that number reaches $50 million to $75 million based on our conservative estimates.
According to Kworb, the rapper has had over 2.8 billion streams on YouTube through December 12, 2023.
If we assume the rapper earns 5% from those revenues he has likely earned $1.5 million to $2.5 million from the success of his tracks and music videos on streaming platforms.
While he certainly doesn’t have Dr. Dre net worth or Snoop Dogg net worth bragging rights, he’s accomplished a lot of album sales and streams for a guy who has only released three albums.
Most Of ASAP Rocky’s Net Worth Comes From Touring
benhoudijk / Depositphotos.comIn 2016 Forbes ranked A$AP Rocky as the 13th highest-grossing hip-hop act in the world. According to the publication, he earned $14.5 million in 2016, mostly on the back of his 62 shows which reportedly earned a six-figure nightly gross.
While his direct concert gross is not known for all of his tours, it was reported by Nicki Swift that between 2014 and 2017 the rapper was earning “between $80,000 to $120,000 per concert.” TMZ estimated in 2019 that his earnings per concert reached consistently over $100,000.
In today’s market where concert ticket prices have skyrocketed, it’s fair to assume that ASAP Rocky’s net worth is jumping considerably when he performs. Some estimates have placed his earnings per show in 2023 at $200,000.
With 548 concerts under his belt according to Concert Archives, the rapper has conservatively taken in $50 to $60 million from his performances.
As a general rule of thumb, we assume the booking agent receives 15% of each concert’s profits and the artist retains the rest. If we assume A$AP Rocky’s concerts took home a 50% profit margin, that would still be an impressive $20 to $25 million he earned before taxes.
Admittedly, we have to make a lot of assumptions about ASAP Rocky’s net worth increases from concerts but our numbers are likely very conservative so his take-home may be even higher.
A$AP Rocky Also Invests In Startups
imagepressagency / Depositphotos.comIn June 2021, Forbes reported that the rapper had joined the long list of investors of a Swedish company called Klarna. The fintech platform was initially valued at $45.6 billion and boasted over 90 million active users from across the globe. However, it soon came under fire after losing a considerable amount of its original valuation, falling to below $7 billion in market capitalization.
In November 2023, Reuters reported that the company was eyeing an IPO for $7 billion, nearly $300 million more than the company’s updated valuation in 2022.
While ASAP Rocky’s net worth may not increase at the same rate it would have when the company was worth nearly half of $100 billion, his investment mindset could mean a bump in his net worth in the future.
ASAP Rocky’s Net Worth Is Dwarfed By His Billionaire Girlfriend
While ASAP Rocky’s net worth of $20 million ($23 million by some accounts) is respectable, his partner is worth over $1 billion. We’re of course talking about Rihanna’s net worth which is tied largely to cosmetics and fashion brands that are co-owned by his longtime partner and the mother to their child, Riot Rose Mayers, who was born in 2023.
While ASAP Rocky’s net worth may be somewhat stalled by a lack of new albums over the past five years, he’s now a family man with a powerful wife and a beautiful new son at home. For a guy who spent his formative years in and out of trouble and homeless shelters, we’d say he’s doing pretty darn good these days.
