Rick Ross Net Worth 2024 – How the Rapper Built His Empire

Rick Ross, a multifaceted American figure in the realms of rap, entrepreneurship, and music production, boasts a staggering net worth of $150 million. Throughout his illustrious career, Ross has garnered imme

nse success, selling millions of albums and tens of millions of singles on a global scale.

He has consistently ranked among the top-earning rappers worldwide, with career earnings exceeding $90 million to date, not to mention his considerable investments in real estate and various income-generating ventures.

CategoryRichest Celebrities › Rappers
Net Worth$150 Million
BirthdateJan 28, 1976 (48 years old)
BirthplaceCoahoma County
GenderMale
Height6 ft (1.83 m)
ProfessionRapper, Songwriter, Actor
NationalityUnited States of America

Ross burst onto the scene in 2006 with his debut album “Port of Miami,” an instant hit that clinched the number one spot on the U.S. Billboard 200 chart. Renowned for his distinctive deep voice and compelling storytelling, he continued to captivate audiences with subsequent chart-topping albums like “Trilla” (2008), “Deeper Than Rap” (2009), “Teflon Don” (2010), and “God Forgives, I Don’t” (2012), which often explore themes of opulence, underworld dealings, and the vibrant Miami lifestyle.

Beyond his musical endeavors, Ross is the visionary behind Maybach Music Group (MMG), a record label responsible for launching the careers of notable artists such as Meek Mill and Wale. Diversifying his portfolio, Ross has ventured into entrepreneurship, notably as a franchise owner of multiple Wingstop restaurants, further solidifying his status as a multifaceted mogul.

Early Life

William Leonard Roberts II entered the world on January 28, 1976, in Clarksdale, Mississippi, before being brought up in Carol City, Florida. Completing his education at Miami Carol City Senior High School, he then pursued his academic and athletic endeavors at Albany State University, where he received a football scholarship.

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Career

Ross began his career as a correctional officer in December 1995, serving until his resignation in June 1997. Initially performing under the alias Teflon Da Don, he later adopted the name Rick Ross in the mid-2000s, drawing inspiration from the notorious former drug lord “Freeway” Rick Ross.

In 2006, Ross made his musical debut with the release of his single “Hustlin,” which sparked a bidding war among major labels. Ultimately, he inked a lucrative deal with Jay-Z’s Def Jam Records, leading to the release of his chart-topping debut album, “Port of Miami,” later that year. His second album, “Trilla,” followed suit in 2008, also claiming the number one spot on the Billboard 200 chart.

rick ross net worth 2023

Expanding his influence in the industry, Ross founded Maybach Music Group in 2009, serving as a platform for the release of subsequent studio albums including “Deeper Than Rap” (2009), “Teflon Don” (2010), “God Forgives, I Don’t” (2012), “Mastermind” and “Hood Billionaire” (both in 2014), “Black Market” (2015), “Rather You Than Me” (2017), “Port of Miami 2” (2019), and “Richer Than I Ever Been” (2021). Notably, Ross was the inaugural artist signed to Diddy’s management venture, Ciroc Entertainment. In early 2012, MTV recognized Ross as the Hottest MC in the Game.

Legal Issues

Ross has encountered legal issues in a conventional manner, including arrests related to firearms and narcotics, as well as facing litigation from various individuals within the music industry. In January 2008, Ross was apprehended on charges involving guns and marijuana. During the deposition of Officer Rey Hernandez, the Miami Beach law enforcement officer responsible for Ross’s arrest, Ross’s legal representative inquired as to why his case was referred to the gang task force. The officer explained that it was because Ross purportedly claimed association with Triple C’s (also known as Carol City Cartel) and other acknowledged gang affiliates, although no concrete evidence of Ross’s affiliation was presented.

In August 2008, YouTube personality DJ Vlad initiated legal proceedings against Ross for alleged assault and battery. DJ Vlad asserted that Ross orchestrated an attack on him during the 2008 Ozone Awards in Houston, Texas, in response to questions regarding Ross’s past employment as a correctional officer.

In June 2010, “Freeway” Ricky Ross filed a lawsuit against Ross for unauthorized use of his name, initiating a copyright infringement case in a California federal court. On December 30, 2013, the court ruled in favor of the rapper Rick Ross, permitting him to retain the name based on a ruling under the First Amendment.

In 2021, Rick Ross reached an agreement to pay his former partner Briana Singleton $11,000 monthly in child support for their three children.

Personal Life

Rick Ross, a devout Christian, shared in an interview with Corey “Coco Brother” Condrey on Lift Every Voice that he firmly believes in never questioning God, regardless of the challenges he faces.

He also mentioned that he makes a point of praying before every stage performance. On January 27, 2013, during his 37th birthday celebration, Ross and his partner experienced a terrifying drive-by shooting in Fort Lauderdale, Florida.

Although neither of them sustained injuries, they resorted to crashing their vehicle into an apartment building in an effort to escape the gunfire. In 2015, Ross briefly became engaged to Lira “Galore” Mercer. In a 2017 interview, Ross faced criticism for remarks suggesting reluctance to sign female rappers, citing concerns about potential complications.

He promptly issued an apology via Facebook, acknowledging his comments as insensitive and expressing regret. Aside from his music career, Rick Ross also holds ownership of numerous Wingstop restaurant franchises.

Earnings Highlights

  • 2007 – $2 million
  • 2008 – $3 million
  • 2009 – $6 million
  • 2010 – $5 million
  • 2011 – $6 million
  • 2012 – $9 million
  • 2013 – $6 million
  • 2014 – $7 million
  • 2015 – $9 million
  • 2016 – $10 million
  • 2017 – $11 million
  • 2018 – $4 million
  • 2019 – $5 million
  • 2020 – $7 million

In February 2009, during an appearance on the Ed Lover morning show, rapper 50 Cent presented Rick’s financial breakdown obtained during a child support case, exposing a stark contrast between Ross’ public image and his actual financial standing. Ross purported to possess three vehicles:

  • A 2004 Maybach valued at $55,000
  • A leased 2007 Cadillac Escalade valued at $30,000
  • A 2006 Infinity Q56 valued at $30,000

Ross also claimed ownership of $45,000 worth of jewelry, suggesting that the jewelry showcased in his videos and on TV may have been counterfeit or borrowed. His monthly mortgage payments amounted to $9,700, and he asserted that he consistently spent $7,000 more each month than he earned.

Legal documents submitted in the child support case with his former partner unveiled that Rick Ross’ monthly income stood at $585,000 in 2020/2021.

Real Estate

In 2012, Ross bought a 10,000-square-foot waterfront estate in Fort Lauderdale, Florida, for $5.2 million. The three-story Mediterranean-style residence boasts eight bedrooms, 11 bathrooms, and two half-baths, including two master suites, a theater, a game room, a full bar, an elevator, and a pool area with a bar and spa. Situated on nearly half an acre, the property features 150 feet of private waterfront in the Seven Isles community. Ross listed the property for sale in 2014 for $9.25 million, ultimately selling it in 2016 for slightly over $6 million.

Ross grabbed attention in 2014 when he acquired a 54,000-square-foot, 109-room mansion outside Atlanta for $5.8 million, previously owned by boxer Evander Holyfield. This property, believed to be Georgia’s largest home, includes 12 bedrooms and 21 bathrooms.

In October 2020, Ross invested $1 million to purchase an additional 87 acres adjacent to his suburban Atlanta estate, bringing his total acreage to 322. He affectionately named his estate “The Promise Land.”

In April 2023, news surfaced that Ross had bought Meek Mill’s Atlanta mansion for $4.2 million in cash.

By July 2023, reports indicated Ross was in the process of acquiring a mansion on Star Island in Miami for $37 million.

Private Jet

In June 2023, Rick revealed through an Instagram post that he had purchased a private jet. By tracking the plane’s tail number, it was revealed that Rick had purchased a 2012 Gulfstream G550. Depending on a number of factors, 2012 G550s sell for $10 – $40 million. Rick’s jet was likely purchased for $19.5 million in April 2023 by an LLC called Maybach Air.

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