Chance the Rapper’s Net Worth and How He Made a Fortune from Rap Music

This Chicago-based rapper is arguably one of the biggest hip-hop acts of this era. Chance the Rapper’s net worth has surprisingly placed him among veteran rappers such as P. Diddy, Jay-Z and Drake on the list of the world’s richest hip-hop artists. An unconventional artist whose wealth has significantly grown since the release of his first mixtape in 2012, Chance has broken many barriers and may soon run out of options. In case you still doubt the power of the internet and virtual platforms, the Grammy-winning rapper’s fortune should be a pointer to the obvious. Here’s how much he’s worth and how he made his fortune.

What Is Chance the Rapper’s Net Worth?

A Chicago native raised in Chatham, Chancellor Jonathan Bennet garnered a lot of attention in 2012 after he uploaded his first mixtape. Despite being one of the biggest hip-hop artists of this time, it is interesting to know that Chance does not have a record label backing him, nor does he seem interested in selling his music.

The rapper who calls his albums mixtapes is of the belief that pegging a price on his music ultimately inhibits and limits his connection to fans. Though Chance is yet to sell any physical album, the numbers don’t lie. Music pundits have devised a standard to measure his musical success commercially by quantifying his mixtape downloads as regular album sales. Chance the Rapper’s net worth is currently estimated at $33 million, a fortune he accumulated from his music career in less than a decade.

How Chance Made a Fortune From Rap Music

Since fans of the Grammy Award-winning singer get his music for free, it is clear that Chance profits minimally from this channel. Interestingly, the rapper who has never sold a physical album is a recipient of three 2017 Grammy Awards, one of which is the Best Rap Album. Wondering how Chance built a massive cult-following and a huge fortune? Here’s the deal…

Streaming

The Chicago native who prefers to make his money via the internet has proven that an artist can become popular and also commercially successful through streaming services. But basically, fans get to listen to his music by streaming for free via SoundCloud, Spotify, and Apple Music.

Chance the Rapper made his career debut with the song Windows. Eight months later, he dropped his first mixtape 10 Day in April 2012. The album earned him the needed attention in the hip-hop world with thousands of downloads on various virtual music-sharing platforms. Chance the Rapper has so far released three mixtapes namely: 10 Day (2012), Acid Rap (2013) and the critically acclaimed Coloring Book (2016). He eventually dropped his first studio album The Big Day in mid-2019.

While Chance did not profit from downloads on the first two albums which were released free of charge, he made regular album sales from the third. When converted, Coloring Book‘s downloads earned Chance the equivalent of over 500,000 album sales.

Collaborative Efforts

Chance the Rapper’s net worth can also be credited to his collaborative efforts with other rap stars. In addition to his personal talent and hard work, Chance’s profile has also been boosted in the industry following his work with rappers such as Childish Gambino, Kanye West, and 2 Chainz. Specifically, he has worked with Gambino on at least two of his songs and takes credits in five songs on Kanye West’s 2016 album The Life of Pablo.

Chance the Rapper and Childish Gambino
Image Source Chance the Rapper and Childish Gambino

In his early career days, Chance the Rapper could categorically be described as a secular artist but he has become more of a spiritual man in recent years. In 2015, he joined a band of Chicago-based musicians called Donnie Trumpet & The Social Experiment to produce an album, Surf. Moreover, following the release of 2016’s Coloring Book, Chance now likes to think of himself more as a gospel rapper.

READ   Say Hello To The 15 Richest Families In Hollywood

Tours

The Grammy Award winner has also earned his wealth from touring and selling merchandise. Chance believes in proper execution for unconventional methods and so far, the numbers apparently support his theory.

Endorsements

Chance the Rapper’s net worth was also accumulated from several lucrative ambassadorial deals. Banking on his fame in the music industry, the rapper has partnered with top brands such as Apple, H&M, KitKat, Nike, and even the Chicago White Sox for various ad campaigns.

Acting

Though best known as a musician, the rap star has been able to penetrate the movie industry. Chance the Rapper’s net worth is also a resultant effect of his acting talents. Some of his screen credits include short films; Clapping for the Wrong Reasons (2013) and Mr. Happy (2015). He featured in the films Slice (2018), The Lion King (2019), and Between Two Ferns: The Movie (2019). Chance also has behind the scenes credits in 2019’s Steven Universe: The Movie and lent his voice in Trolls World Tour (2020).

See Also: Drake’s Net Worth: How Much Does He Make in Record Deals and Concerts?

How Does Chance the Rapper Spend His Wealth?

Chance the Rapper has tried to be discreet about his spending habits, he is known to be a humble star who has stayed true to his roots. Though the rapper is rarely seen at expensive restaurants and clubs, he is presumed to live a lifestyle befitting of his status. Chance’s most known luxurious expense may be his downtown Chicago two-bedroom home which he purchased for $3.7 million.

Away from work, Chance loves to spend time at home with his longtime sweetheart Kirsten Corley whom he married in 2019 and their daughters, Kensli and Marli. In one of his songs, the rapper reiterated the fact that money cannot buy anyone spiritual peace nor good parenting skills. Besides his Chicago downtown property, Chance the Rapper also has several investments in real estate. In addition to that, he has an impressive collection of expensive cars that includes a Rolls Royce, Lamborghini and much more.

However, Chance the Rapper’s spending habits mostly make the news following his passion for philanthropy. He has given back to the community in several ways. Besides his non-profit organization called Social Works, the rapper has donated millions of dollars to Chicago public schools and other charities. In addition to fighting against social ills such as police brutality, homelessness, and gun violence, he is also known to be politically active.

Recommended

Jason Nash Net Worth and the Top Movies & TV Shows that Earned Him The Most

Many social media stars find it difficult to transition to traditional media. There are however some personalities that have been able to effectively combine...

Between Judge Judy and Judge Jerry Springer, Who has a Higher Net Worth ?

For nearly three decades, Judy Sheindlin has held sway as the most popular TV judge in the world. This is thanks to her courtroom...

Diana Ross Biography – Children, Husband and Family Members

Diana Ross is a legendary American singer, songwriter, record producer and actress. Ross is famous for being the lead singer of the popular 1960-70's...

Nadeshot Net Worth: A Look at 100 Thieves CEO’s Sources of Income

Professionally known as Nadeshot, Matthew Haag had a well-decorated competitive gaming career before retiring as a pro gamer in 2016. During this time, he...

What Is R Kelly’s Net Worth and Who Are His Wife and Kids?

R Kelly is a renowned American R&B singer, songwriter, record producer, and a former USBL professional basketball player. He is known for evergreen hits...

100 Thieves Net Worth: How Valuable is Nadeshot’s Gaming Organization?

A professional gaming company and lifestyle brand, 100 Thieves has been able to achieve a net worth estimated at $125 million in just a...

What is Joe Biden’s Net Worth and How Does It Compare to Other Past Presidents?

Following his victory in the hotly-contested 2020 U.S. presidential election, Joe Biden is set to take office as the 46th president of that great...

The Game Net Worth And How He Made A Fortune From Rap Music

The Game is an American rapper, producer and entrepreneur who has been widely credited for relaunching the West coast rap into the mainstream. He...

Miranda Cosgrove’s Net Worth: How the iCarly Star’s Wealth Has Accrued

When Nickelodeon is mentioned, what comes to mind is a bunch of kids playing around and having fun. The truth however is that these...

Larry David – Net Worth, Wife, and Relationship With Bernie Sanders

Larry David, born Lawrence Gene David on July 2, 1947, in Brooklyn, New York is a comedian, writer, actor and TV producer.  Let's take...

Kevin James Net Worth: How Much Money the Comedy Actor Is Worth Now

Throughout his comedy career that has spanned over three decades, Kevin James has dazzled millions of fans with his uncanny improv skills. From featuring...

Eric Andre Net Worth: How Much Money the Comedian Has Made

Eric Andre started his career with random stand-up comedy jobs and later diverted to commercial gigs. Before becoming a big name in the entertainment...

Featured Today

Joel Osteen – Divorce Rumours, Wife & Net Worth in 2020

Over 7 million viewers weekly and more than 20 million monthly in over 100 countries across the globe tune in to listen to American...

Adam Lambert Net Worth: How Much Money the Former American Idol Finalist Has Now

There is no gainsaying the fact that Adam Lambert is one of the most successful products in the annals of American Idol. Since he...

What Is Wrong With Barron Trump, Is He Really Autistic? Where Is He Now?

Autism is prevalent and can affect people of all ethnic, racial and socioeconomic groups. The disorder, which limits a person's ability to relate and...

Who Is Sandra Otterson? Her Personal Wealth, Life and Quick Facts

American adult star, Sandra Otterson, currently based in Arizona, USA has is worth about $5 million. Background and Career Sandra Otterson, popular with the name ‘Wifey‘...

Related Stories