The renowned rapper and entrepreneur’s net worth is in the region of $120 million. This figure is largely due to his lucrative music career and strategic business ventures that have contributed to the overall growth of his net worth.
As an artist, Ross’s albums have boosted his earnings significantly over the past decade. His debut album Port of Miami sold over a million copies, allowing him to rake in about $1.1 million from the project’s success. The sales volume of his 2010 album Teflon Don and 2015’s Hood Billionaire were slightly lower but still allowed Ross to pocket about half a million per release.
In addition to his impressive rap career, Ross has been able to amass significant wealth through his numerous business ventures and real estate acquisitions. He has founded Maybach Music Group and owns multiple Wingstop restaurant franchises, which have boosted his income considerably.
Another source of his wealth has been through endorsement deals. The rapper has partnered with brands like 1800 Tequila, Belaire Rose, and Rich Hair Care to enhance his profile as a tastemaker and influencer. His appearances in a few movies, TV shows, and talk shows have also helped him build his celebrity status and increase his earnings.
While Rick Ross is not a businessman on the level of a Jay Z or Dre, the rapper is a shrewd if not brilliant businessman who invests his hard-earned money in smart ventures guaranteed to show him a substantial return on investment. Moreover, his extensive real estate purchases such as the suburban Atlanta home formerly owned by Evander Holyfield and the colossal Star Island mansion are proof of his acumen.