Net Worth: $200 Million
What Is Master P’s Net Worth?
s_bukley / Depositphotos.comMaster P’s net worth is estimated to be in the vicinity of $200 million. The American rapper and music mogul earned much of his fortune in the 1990s and early 2000s, a time when his “No Limits Records” dominated the rap scene.
Alongside his personal and label success, the rap icon has invested in various other business ventures ranging from fashion and food products to sports team ownership and tech investments. Master P also remains active in the music industry.
Let’s dive in to see how Master P’s net worth has skyrocketed to an estimated $200 million fortune.
Master P Turned A $10,000 Inheritance Into A Massive Fortune
Jean_Nelson / Depositphotos.comMaster P’s initial venture was a record store named No Limit Records, which he started after inheriting $10,000 following the death of his grandfather.
As he learned more about his customers’ tastes in music, Master P decided to extend the store to include a record label and studio. Master P kept the name “No Limit Records” and released the cassette-only EP “Mind of a Psychopath in 1990.
Mind of a Psychopath was a collaboration between Master P and his brothers and was released under the group name The Real Untouchables or TRU. Later that year, his brother Kevin was killed in New Orleans.
In 1991, Master P debuted the album “Get Away Clean, ” followed by several solution albums and more worth with TRU. In 1995, the future rap mogul moved his label to New Orleans.
Master P moved quickly to secure top rap talent for his label, signing Snoop Dogg to a three-album deal. Both Snoop Dogg and Silkk The Shocker worked at Master P’s record store before signing onto his new label. He would go on to sign some of rap’s most influential rappers, including:
Here are 25 of No Limit Records’ top rappers of all time:
| Top No Limit Records Artists | ||||
|---|---|---|---|---|
| Master P | C-Murder | Silkk the Shocker | Mystikal | Snoop Dogg |
| Fiend | Mia X | Magic | Mac | Big Ed |
| Soulja Slim | Mr. Serv-On | KLC | Romeo Miller | Skull Duggery |
| Mo B. Dick | Full Blooded | Young Bleed | Mr. Marcelo | Curren$y |
| E-A-Ski | Tre-8 | Bavgate | Lil Italy | Lil Ric |
| Mercedes | Krazy |
In 1998, the label released 23 albums and sold 15 million copies while earning over $160 million in a single fiscal year.
Master P Sold 100 Million Albums On His Own
Jean_Nelson / Depositphotos.comThroughout the 1990s and into the 200s, Master P released more than 10 studio albums
In an interview with Max Volume Music, Master P revealed that he sold more than 100 million albums as an independent artist.
It’s not shocking to rap fans that Master P was a sales juggernaut. Albums like “Mr. Ice Cream Man” and “Ghetto D,” which featured the hit single “Make ‘Em Say Uhh!,” were huge successes for the rapper. “Ghetto D” not only sold over 260,000 copies in its first week but eventually went triple platinum. The momentum continued with the 1998 release of “MP Da Last Don,” which debuted at number one on the Billboard charts and sold over 400,000 units in its first week. Master P also released a film alongside this album, showcasing his versatility and entrepreneurial spirit.
Entering the new millennium, Master P didn’t slow down. He released his tenth studio album, “Game Face,” in 2001, followed by another album in 2004. His influence extended to his family when, in 2005, he and his son Lil Romeo formed the independent label Guttar Music, releasing an album dedicated to the victims of Hurricane Katrina. Their collaborative efforts continued, with a 2007 album selling 32,000 copies worldwide.
Master P’s career has been marked by continuous innovation and collaboration. He has released mixtapes every year, including the 2017 “We All We Got” with his group No Limit Boys. In total, he has released 15 studio albums, each contributing to Master P’s net worth.
Here are the four biggest known albums by sales from Master P’s catalog.
| Album | Year | Peak Billboard 200 | First Week Sales | Total Sales (estimated) | RIAA Certification |
|---|---|---|---|---|---|
| Ice Cream Man | 1996 | 26 | N/A | 1 million | Platinum |
| Ghetto D | 1997 | 1 | 760,000+ | 3 million | Triple Platinum |
| MP Da Last Don | 1997 | 1 | 495,000 | 4 million+ | 4x Platinum |
| Only God Can Judge Me | 1999 | 2 | N/A | 500,000+ | Gold |
Master P Also Invested In Other Business Ventures
photographybyeugene / Depositphotos.comMaster P’s net worth isn’t just tied to his record label and personal album sales; he has spent decades building businesses and investing in other entrepreneurial pursuits.
Here’s a breakdown of the mogul’s investments by category, both past and present.
Music
- No Limit Records (currently No Limit Forever Records): This is where it all began. Founded in 1990, No Limit became a powerhouse in the southern rap scene, launching the careers of artists like Silkk the Shocker, Mystikal, and Mia X. The label has gone through various iterations and rebrandings, but remains active under the name No Limit Forever Records.
Entertainment
- Guttar Music Entertainment: This film production company was established by Master P in 1995. It produced several movies featuring No Limit artists, including “I Got the Hook Up” and “No More No Less.”
- MP Television: Founded in 2001, MP Television produced music videos and behind-the-scenes content for No Limit artists.
- Better Black Television (BBT): This short-lived online television network launched in 2010, offering original programming focused on African American culture and entertainment.
Clothing
- No Limit Clothing: This streetwear apparel brand, launched in the 1990s, capitalized on the popularity of No Limit Records and hip-hop culture. It offers clothing for men, women, and children.
Food & Beverage
- Uncle P’s Foods: This brand offers rice and noodles products, including the “Icon” ramen line featuring rappers on the packaging.
- King Troup Chicken & Seafood: Master P partnered with rapper T-Roy to launch this fried chicken and seafood restaurant franchise in 2012.
Other Ventures
- P. Miller Enterprises: This holding company oversees Master P’s various business interests.
- Real estate: Master P has invested in real estate properties across the United States.
- Fitness centers: He has also owned and operated fitness centers in different locations.
- Investments: Master P reportedly has investments in stocks and cryptocurrencies.
In 2023 Master P’s net worth was put to good use when he acquired the New Orleans Gators who play in the Global Mixed Gender Basketball (GMGB) league. The team had left town and Master P quickly relocated the franchise back to New Orleans as an investment in his community.
Master P’s net worth continues to grow thanks to his continued work in the music industry and his various investments both at home and beyond. His influence is among the greatest in the history of rap music, and he continues to serve as an icon to millions of fans and fellow artists.
