Rick Ross is not only a renowned rapper but also a savvy entrepreneur with a series of smart investments. Thanks to his success in music, the restaurant business, premium liquor, and personal care products, his net worth has seen significant growth. So, what is Rick Ross’s total net worth?
1. Who is Rick Ross?
Rick Ross, whose real name is William Leonard Roberts II, was born on January 28, 1976, in Clarksdale, Mississippi. He is a famous American rapper, entrepreneur, record executive, and music producer. With his distinctive voice and powerful rap style, Rick Ross has built a solid position in the global hip-hop industry.
Growing up in Carol City, Florida, Ross attended Miami Carol City Senior High School, where he was a promising football player. His athletic talent earned him a scholarship to Albany State University, a prestigious historically Black college in the United States.
Before rising to fame as a hip-hop artist, Rick Ross worked as a correctional officer for about 18 months, from December 1995 to June 1997. However, his passion for music led him to shift toward a rap career. Initially, he used the stage name “Teflon Da Don” and appeared in the song “Ain’t Shh to Discuss” from Erick Sermon’s solo album, released by DreamWorks.
In the mid-2000s, he officially changed his stage name to Rick Ross, inspired by “Freeway” Rick Ross, a notorious drug kingpin. With talent and strategic career moves, Rick Ross quickly became one of the most influential hip-hop artists of the decade.
Rick Ross is a father of four children. He was previously in a relationship with Briana Singleton and, in 2021, agreed to pay $11,000 per month in child support. In 2015, he got engaged to Lira “Galore” Mercer, but the relationship was short-lived.
Beyond music, Rick Ross is a successful businessman. He owns multiple Wingstop restaurant franchises and continues to expand his business empire. Notably, in May 2023, Rick Ross announced his intention to run for mayor of Fayetteville, Georgia, in 2024. A devout Christian, he remains steadfast in his faith and often prays before his performances.
2. Rick Ross’ net worth
Rick Ross currently has an estimated net worth of approximately $150 million. This massive fortune comes not only from his music career but also from his investments in real estate, the restaurant business, and running a record label.
Ross rose to fame in 2006 when he signed with Def Jam Records under Jay-Z’s leadership. His debut album, Port of Miami, made an impressive entrance at number one on the Billboard 200 chart, selling over 187,000 copies in its first week. This success cemented his name in the hip-hop industry.
In 2008, Ross released his second album, Trilla, which again dominated the Billboard 200. He continued his streak of successful albums with Deeper Than Rap (2009), Teflon Don (2010), and God Forgives, I Don’t (2012). Notably, God Forgives, I Don’t sold over 218,000 copies in its first week and was certified gold within two months.
In 2014, Ross released Mastermind, once again claiming the number one spot on the Billboard 200 with first-week sales of 179,000 copies. Later that same year, he followed up with Hood Billionaire.
Beyond being a rapper, Rick Ross is the founder of Maybach Music Group (MMG), a label that has signed top artists such as Meek Mill and Wale. This venture has solidified his influence not only in music but also in the entertainment business.
In 2016, Ross signed a solo deal with Epic Records and continued to release outstanding music. His 2017 album, Rather You Than Me, received widespread critical acclaim. In 2020, he announced his eleventh studio album, Richer Than I Ever Been, which was released in December 2021.
Throughout his career, Rick Ross has sold millions of albums and tens of millions of singles worldwide. He frequently ranks among the highest-earning rappers. His earnings from music alone amount to approximately $90 million, excluding his wealth from real estate, his record label, and other business ventures.
With his talent, perseverance, and sharp business acumen, Rick Ross is not only a legendary hip-hop artist but also a highly successful entrepreneur, continuously expanding his empire across various industries.
3. Sources of income contributing to Rick Ross’ net worth
MMG – Maybach music group
In 2008, Rick Ross officially founded Maybach Music Group (MMG) in Miami, Florida. MMG quickly became one of the most influential record labels in hip-hop, serving as a launchpad for major artists such as Meek Mill, Wale, Gunplay, Omarion, and many others. The label’s music is distributed by Atlantic Records, helping MMG expand its reach and establish a strong foothold in the music industry.
Brand ambassador for belaire Rosé champagne
Beyond music, Rick Ross has solidified his presence in the luxury beverage industry as a brand ambassador for Belaire Rosé, a premium champagne owned by Sovereign Brands. His association with the black-bottled Belaire Rosé is prominently featured in numerous music videos, boosting the brand’s popularity and making it a favorite among hip-hop enthusiasts and fans alike.
Owner of 25 wingstop restaurants
Rick Ross is not just an artist; he is a savvy investor with a keen business sense. He currently owns 25 Wingstop restaurants across the United States. The brand is renowned for its signature seasoned chicken wings, attracting a loyal customer base. With each restaurant generating an average annual revenue of $200,000, this investment has brought Ross substantial profits. Notably, in 2014, he earned $7 million from his Wingstop franchise, proving that his business acumen rivals his musical talent.
Checkers and Rally’s
Expanding beyond Wingstop, Rick Ross has also invested in Checkers & Rally’s, a well-known fast-food chain famous for its flavorful burgers. With the backing of a high-profile celebrity like Ross, the brand has experienced significant growth, expanding its customer base and increasing nationwide brand recognition.
Rich industry
In addition to food and beverage ventures, Rick Ross has entered the beauty industry with his brand Rich by Rick Ross, a line of haircare and grooming products for both men and women. Launched in 2018 with beard care products, the brand quickly expanded its portfolio to include moisturizers, shampoos, conditioners, styling wax, and more. With premium-quality products and a strong brand image, Rich by Rick Ross has gained the trust of consumers, especially men who appreciate luxury and personal grooming.
With strategic vision and sharp business instincts, Rick Ross has built an impressive fortune. From music to dining, beauty to real estate, every industry he ventures into generates substantial revenue. This cements his status not just as a hip-hop icon but also as a formidable entrepreneur in the business world.
