How is The Net Worth of Master P a Whopping $200m?

What is Master P’s Net Worth?

Net Worth$200 Million
Source of WealthRapper, Producer, Entrepreneur
Date of Birth29 April, 1970
Height6’3 / 1.93 m
Place of BirthCentral City, New Orleans, Louisiana, United States
Star SignTaurus
Marital StatusDivorced

The Usual Intro

Percy Robert Miller Sr, popularly known by the stage name Master P, is an American rapper, actor, businessman, basketball player, record producer, and philanthropist. He primarily gained fame through his music career.

He is also the founder of the record label “No Limit Records,” which was relaunched as “New No Limit Records” via Universal Records and Koch Records. After solidifying his professional position in the music industry, he became the CEO and founder of P. Miller Enterprises and Better Black Television. This television network did not last long.

Before the Spotlight

Master P was born on April 29, 1970 in New Orleans, Louisiana. He had a rough childhood. Master P lived in Central City, where the crime rate was at its peak. He was the oldest among his four siblings. His parents divorced at a very young age. The family was financially unstable, and Master P often remained hungry for long hours. Master P reported, “I was so hungry that my stomach was literally cramping.”

His life took a sharp turn when an insurance salesman, who lived in his neighborhood, brought in a new Mercedes. This inspired Master P to become an entrepreneur, and it was not long before he started a small-scale business selling cell phones. 

Master P initially studied at the University of Houston on an athletic scholarship, but he later took a transfer to Merit College situated in Oakland, California, to pursue business.

The Journey to Success

Master P’s career began when he invested $10,000 of his grandfather’s inheritance in No Limit Records. Master P learned that rap enthusiasts loved funky, street-level beats. Realizing that no other labels were producing these, he turned No Limit into a record label in 1990 and released “Get Away Clean.”  

In 1994, he stepped up his career to a professional level with the release of “The Ghettos Tryin to Kill Me.” Later that year, the compilation “West Coast Bad Boyz” came out, which was the key to his grand success as it remained on the charts for over half a year. They featured the rappers Rappin’ 4-Tay and E-40. In 1995, his 4th album, “99 ways to die,” came out, which was another successful hit and attained top 25 in Hip-Hop and R&B genre and No. 14 on the Top Heatseekers.

He soon shifted his label to New Orleans and hired new artists and producers. In 1996, he debuted his 5th album “Ice Cream Man.” The following year, the album “Ghetto D” was released, which was another remarkable success as it sold 760,000 copies and was certified triple platinum. It was also pinned on the top of the Billboard chart. “Make ‘Em Say Uhh!”, a single from the album, received platinum certification and was considered the most significant hit of all time.

His massive success in the recording industry persuaded him to make “I’m Bout it, “an autobiography based on comedy drama. As he did not find a distributor, it directly aired as a video in 1997 in the summers.

The Best Moments

  • Master P is a five times Grammy winner.
  • Master P’s album “Only God Can Judge Me” attained gold status, selling over 500,000 copies.
  • He won 3 American music awards.
  • Master P was the first rapper to perform in the Louisiana Music Hall of Fame.
  • The song “Make ‘Em Say Uhh!” nominated him for MTV Video Music Award as “Best Rap Video.”

The Private Side

Master P is catholic. He financially catered for the Catholic Elementary School he attended for two years by giving $500,000 in donations to two churches.

He opened several communities, such as P. Miller Youth Centers and P. Miller Food Foundation, to help the homeless. He was also a frequent contributor to Barack Obama’s campaigns.

He married Sonya C. Miller in 1989, and they had nine children. However, the two decided to divorce in 2014 after 24-years of marriage.

Master P talks Nipsey Hussle, Suge Knight, No Limit Records, the music business & more.|Drink Champs | REVOLT

Famous Quotes of Master P

Here are some famous quotes from the Grammy Award winner Master P:

  • “Work hard and never make excuses.”
  • “I think everybody has a good and bad side.”
  • “I think my thing is I grew up in the ghetto, and I was able to get a second chance. That’s what I’m trying to tell kids.”
  • “You know, I started doing movies. I mean, my mind was brought into saying, You know what? I want to build a generation of wealth.”

The Social World

Master P has a decent following across different social media platforms. Here are his current stats:

Lessons for Entrepreneurs

Master P has received huge musical success for decades. All of us can learn a few lessons from his career:

  1. Never let fear come in your way. If it weren’t for his huge investment in the label “No Limit Records” from the money he inherited from his grandfather, Master P would have never earned a remarkable position as a rap artist. He threw his fear of failure aside and open-heartedly invested.
  2. Hard work pays off. Remember that success can never fall into your lap without you making an effort. From the start of his career, Master P set up the goal for himself to produce innovative rap music that was unique from all the other major labels making it. He remained persistent and strived vigorously to produce the best rap music.
  3. Importance of patience. Master P’s career did not kick off with a great start. It took him many years of constant hard work to achieve mastery in the field of Music. In addition, he had a rough childhood. But even under the acute stress from his parent’s divorce, he remained resilient and highlighted that staying patient is the key to overcoming it.

The Unusual Stuff

Here are some interesting facts about Master P that you might not have known before:

  • Master P’s final album with hip hop trio TRU was released in 2005.
  • His first son, Percy Romeo Miller (a.k.a Romeo) is also an American Rapper.
  • He was the first rapper to extend into other businesses such as clothing, toys, films, cell phones, etc.
  • He was the first rapper to play in the NBA.

Answering Frequent Questions

Did Master P play in the NBA?

Yes, Master P had two stints with an NBA team and was beyond the age of 30 when he tried out for NBA teams Charlotte Hornets and Toronto Raptors, and he made his NBA debut in 1998 at the age of 39.

What is Master P’s biggest hit?

‘Make Em Say Uhh!’ was Master P’s breakthrough smash in 1997. He rose from the Calliope projects in New Orleans to self-made multimillionaire superstardom as the colonel of his No Limit Records.

How many baby mamas does Master P have?

He has nine children in total. However, unfortunately, his daughter, Tatyana Miller, died when she was 29. In total, his children were born to 3 different women.

The Closing Remarks

With his enduring hard work, Master P established a huge Hip-Hop empire that redefined rap music through innovation and the lyrics that resembled living experiences in one of America’s toughest streets, which gathered him a large fan base.

He showed the world how someone’s life could be transformed from a $10,000 life insurance settlement into a $250 Million Business Empire.

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Asad Elahi

Asad Elahi is a personal finance expert and author with over 5 years of experience in the industry. He has written extensively on topics such as saving, investing, and building wealth, focusing on helping individuals achieve financial independence. His work has been featured in major publications such as Forbes and The Wall Street Journal, and he is a regular contributor to financial websites and blogs.