Rick Ross’ net worth is estimated to be around $40 million dollars, as at 2020.
He is the American rapper, songwriter, and entrepreneur who came to prominence when he became subject of a bidding war between different producers following the release of his debut single “Hustin” in 2006.
Since then he has released other hit albums and songs that brought him more money.
He is one of the richest rappers around, despite his controversies. It’s therefore not surprising that many people would love to know his net worth and how he actually makes his fortune.
Keep reading to learn more about how he became so successful and made a lot of money.
Source of Wealth
A large chunk of the wealth owned by Rick Ross is from his music, spanning many years.
Rick Ross also runs several business ventures that make him a lot of money.
He owns a fast-food chain known as “Wingstop”. The business specializes in chicken wings.
Talking about fast-food chains, read this article to learn how to make money eating food?
Rick Ross is the stage name for William Leonard Roberts II. He was born January 28, 1976. His birthplace is in Clarksdale, Mississippi. He was raised in Carol City, Florida.
Rick Ross attended Miami Carol City Senior High School. After graduation from high school, he got a football scholarship to study at the historically black college Albany State University.
He worked briefly as a correctional officer at the South Florida Reception Center after he graduated from the university.
His career in music started as far back as the early 2000s when he signed for Suave House Records.
2006: Rick Ross released his first studio album “Port of Miami” in August 2006. This album made sales of 187,000 units in the first week of its release.
It also debuted at the top spot on the U.S. Billboard 200 Album Chart. This album also received a Gold certification from the Recording Industry Association of America (RIAA).
In this year, Ross also made guest appearances at the debut album of DJ Khaled titled “Listennn…the Album”
2008: He released his second studio album titled “Trilla”.
This album also made to the top of Billboard 200 chart. It’s lead single titled “Speedin” featuring R. Kelly peaked at number 21 on the US Billboard Bubbling Under Hot Singles.
The second and third singles titled “The Boss” and “Here I AM” also ranked tops in the various charts.
Ross’s second album featured other artists like R.Kelly, T-Pain, Nelly, Avery Storm, and Trey Songz.
2009: In this year, Ross released his third studio album called “Deeper Than Rap”. This album received generally positive reviews from many music critics.
It peaked at number one on the Billboard 200. In the first week of its release, the album sold 158,000 copies. By August of the next year, this album had sold more than 439,000 copies in the United States.
2010: An EP titled “Albert Anastasia EP” was released by Rick Ross in May of 2009.
In addition, his fourth studio album titled “Teflon Don” was also released. The album featured artists like Ne-Yo, Jay-Z, Kanye West, Gucci Man, Styles P, Diddy & Trey Songz, etc.
The album made it to number two on the US Billboard 200 chart. It recorded about 176,300 copies in the first week of sales. It was certified Gold by the RIAA.
2011: At the BET Awards 2011, Ross received a nomination for the Best Male Hip Hop Artist.
2012: He was named the MTV’s Hottest MCs in the Game. His fifth studio album titled “God Forgives, I Don’t” was released.
This album reached number eight on the UK Albums Chart. It sold more than 218,000 copies in the first-week sales. It peaked at number one on the Billboard 200 chart and was certified Gold by the RIAA.
Ross released a mixtape to promote his MMG tour. The mixtape was titled “Black Bar Mitzvah”.
Later in the year, He was named “Man of the Year” by The Source magazine.
2013: Ross collaborated with Birdman to release a mixtape titled “The H”.
2014: “Mastermind” became the sixth studio album to be released by Rick Ross. This album received generally positive reviews.
It debuted at number one on the Billboard 200 chart. In its first week of sales, about 179,000 copies were sold. However, more than 290,000 copies were sold in the United States.
Rick Ross’s seventh studio album was also released in 2004. It is titled “Hood Billionaire”. The album received generally mixed reviews from music critics.
It debuted at number six on the Billboard 200 chart. About 74,444 copies were sold in the United States in the first-week sales.
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2015: Ross faced a kidnapping and assault charges for which he was sentenced to house arrest in his Georgia home.
In the later part of the year, he released a mixtape titled “Black Dollar”. He also released another mixtape titled “Renzel Remixes” on Thanksgiving Day of 2015.
His eight studio album titled “Black Market” was also released in December of this year.
This became his last album under Def Jam. The album received generally positive reviews from music critics. It peaked at number 6 on the Billboard 200 chart. In the first-week sales, more than 54,000 copies of pure sales were made.
2016: Rick Ross’s contract with Def Jam expired, he signed a solo deal with Epic Records.
2017: He released his ninth studio album titled “Rather You than Me”. It received generally positive reviews from critics. It debuted at number three on the US Billboard 200. It also achieved about 70,000 in pure album sales.
2019: “Port of Miami 2” is the tenth studio album of Rick Ross. It was released on August 9, 2019. This album met with generally positive reviews. It debuted at number 2 on the US Billboard 200. About 25,000 of pure album sales were made.
Rick Ross is not yet married but he has four children from different relationships. The names of his children are Toie Roberts, William Roberts III, Berkeley Hermes Roberts, and Billion Leonard Roberts.
He has faced many legal issues in his career. The most prominent ones include a copyright infringement lawsuit brought by a reformed drug kingpin “Freeway Rick Ross”.
Freeway was demanding the sum of $10 million from Ross for using his name. After many years of legal battle, the court ruled in favor of the rapper Rick Ross, allowing him to keep the name based on a First Amendment ruling.
Another prominent legal issue was his arrest at various times for marijuana possession.
He has also been in various controversies. Reebok announced it was severing ties over Ross’s lyrics that were seen as celebrating drug-facilitated sexual assault.
Rick Ross has been feuding with the rapper 50 Cent.
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