Master P’s net worth is easily over $250 million dollars, as of 2020. Note though that there was a point years earlier in his life, where his net worth was estimated to be over $750 Million.
For example he even made as much as $110 million in just one year (1998) from just his various investments alone, according to reports by Black Enterprise magazine.
And according to Wikipedia he even made a staggering $661 million in 2009 (yes, six hundred and sixty one million dollars) and that made him the highest paid ever hip hop entertainer at the time.
One of the most popular clichés’ you’ll hear relating to income, is to ‘never put all your eggs in one basket.’ Master P’s net worth reflects what’s possible if you take that cliché to heart.
Sports, rap, acting, and owning multiple businesses (including ownership of a basketball league), can all be found in Master P’s resume.
|Net Worth:||$250 Million (USD)|
|Source of Wealth:||Rapping, Athletics, Acting, Investing, Record Producing, Serial Investing and Businesses|
|Full Name:||Percy Robert Miller|
|Also known as:||Master P|
|Date of Birth:||April 29, 1970|
|Country of Origin:||Soviet Union (Belarus)|
|Years Active:||1990 to 1999|
Source of Wealth
A combination of his wildly successful rapping career, the success of No Limit Records, starring and making multiple appearances in major movies as well as variety of TV shows, all gel together to produce his net worth.
He has most recently opened up a restaurant alongside his son Romeo Miller, called “Big Poppa Burgers, that is also contributing to his continued success.
Yes, he has also made a lot of money and built himself a business empire as an investor and entrepreneur. He is what you call a “serial investor” to the point that he even made as much as $110 in just one year (1998) from just his various investments alone, according to reports by Black Enterprise magazine.
He has invested in a lot of investments and business ventures from several different industries.
For example, he has invested millions of his money in a travel agency, stocks, a Foot Locker outlet, music, TV production, clothing, toy making, telecommunications, fast food franchises, publishing of books and magazines and even investments in gas stations.
He’s also one of those celebrities who invests and makes money with Real Estate. Talking about his massive Real Estate investment portfolio, his “New Orleans-based PM Properties” currently controls at least 100 real estate properties across the U.S.
Percy Robert Miller’s humble beginnings take place in the rough Calliope Projects, in New Orleans LA.
Landing a scholarship through basketball, he briefly attended the University of Houston, but withdrew, and re-positioned his focus to Merritt College in Oakland, California.
Here, he majored in business administration.
Master P’s success can be traced all the way back to 1990, after having used a $10,000 malpractice settlement he received concerning the death of his grandfather, toward opening his own record store called “No Limits Records.” (Master P would later use this name for his record label as well.)
Miller is the eldest of five children, and shares celebrity with two of his siblings in the rap genre. Corey “C-Murder” and Vyshonne “Silkk The Shocker” Miller.
Master P’s talent and resourcefulness is not lost on his own children as well. Romeo Miller (Master P’s Son) has also carved himself out a piece of history, having established himself as a gold record selling artist.
1999: Miller won the “Favorite Rap/Hip-Hop Artist” AMA Award
2005: He came in at 36 in a list of 50 Greatest Hip Hop Artists, produced by VH1.
2008: “Make’em Say Ugh” landed at number 94 in VH1’s list of 100 Greatest Hip-Hop Songs.
2013: Miller was inducted into the Louisiana Hall of Fame, being the first to be included through the hip-hop genre.
2013: BET dubbed Master P as one of 25 most influential black execs’, and also ranked him in at 28th in their list of the most influential rappers of all time.
Miller has always dedicated a lot of his time to taking care of communities.
He does this through his very own P.Miller Food Foundation for the Homeless and his P. Miller Youth Centers. He did so well for lots of people that he was presented with the “key to the city” by none other than the mayor of Memphis, Tennessee.
He got married to Sonya in 1989 and both have seven children. Unfortunately in 2014 they got divorced.
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