Rick Ross is an American rapper, record executive and businessman. His net worth is estimated at $40 million.
Born William Leonard Roberts, Rick Ross is the owner of Maybach music record label which he started in 2009, as a part of the Warner Brothers. He has signed a number of artistes like Meek Mill, Omarion, French Montana, and Wale. Interestingly, women hold executive positions in Ross’ company, Maybach Music Group.
Ross has an average annual income of $7 million (he made $10 million in 2016) most of which stems from music sales. As of 2017, he has made $13 million from album sales. Additionally, he makes money from performing live shows and concerts. He signed to Diddy’s Bad Boy management in 2010. In January 2016, he signed a solo record deal with Epic records.
Rick Ross Net Worth: How He Began
Inspired by Tupac Shakur and Notorious B.I.G., Rozay released his debut single, ‘Hustlin’ in 2006 which was certified gold, a great achievement for a new artist. This hit saw his album; ‘Port of Miami’ get to number one on the Billboard 200. His instant success attracted numerous labels looking to sign future stars.
Ross signed to Russell Simmons‘ Def Jam Records, which offered a highly publicized record deal. His subsequent three albums also peaked at top spot in the charts. Rozay began by writing music that romanticized the money he got from drug dealing, a theme still cuts across most of his music today.
Rick Ross Net Worth: Illegal income Speculations And Businesses
As a result of the illegal activities he promotes in his videos, many have questioned the real source of Rozay’s income, attributing it instead to illegal crime activities. His moniker “Rick Ross” is in homage to FreeWay Ricky Ross, an 80s infamous narcotics kingpin in L.A. California. However, there’s no base fact to support this claim as the rapper has never been convicted of any felony charge.
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Interestingly, Ross was a corrections officer in South Florida for about a year before he got into music. Music is probably the best way he can express his passion for the ‘gangsta’ life that he grew up seeing all around him.
However, Rozay involved himself with other non-music ventures which in a way averts the rumors of his crime involvements. In 2014, he was involved in talks with Stephen M. Ross, the majority owner of the Miami Dolphins. Rick wanted to become part owner of his hometown NFL team.
Rozay also banks from his Wingstop brand of restaurants which opens an average of 1 outlets yearly. In 2016, the business was the major contributor to the $10 million he earned. Rozay also benefits from lucrative deals with the likes of Luc Belaire rose and mCog e-Cigarettes.
Rozay has had his fair share of highs and lows. In 2009, during a child support case filed against him, it was revealed that he had 3 cars worth $105,000 and jewelries worth $45,000. Also his mortgage payments were $9,700. The rapper claimed that he spent $7,000 more than he earned every month. However, the rapper has overcome with time.
Atypical of celebrities, mostly rappers, Ross has been involved in a couple of publicized feuds, most notably with 50 cent. It began in 2008 at the BET Awards when 50 gave Ross a “look”. The feud has led the duo to release diss tracks at each other. 50 went as far as releasing a YouTube cartoon series, ‘Officer Ricky’ and a sex tape of Lastonia Levinston, Ross’ baby mama. 50 cent was ordered to pay her $5 million.
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