In 2019, a time when Forbes magazine certified that New York rapper turned business mogul Jay Z had accumulated a fortune that conservatively totaled to about $1 billion, making him one of only a handful of entertainers to become a billionaire, many have wondered what exactly Eminem’s net worth is.
Seeing that the Detroit rapper has been quite business savvy and has by close to a million records, outsold his hip-hop counterpart, fans of the white rapper and other enthusiasts have contended that he should at least be highly ranked amongst the richest hip hop artists if not musicians in general. Read on to find out more about his earnings and how he was able to become so successful.
What is Eminem’s Net Worth?
Eminem has not just been one of the best-selling hip-hop artists of all time, he was the best-selling music artist in the United States in the 2000s and is one of the best-selling music artists of all time. Thanks to this, the rapper, songwriter, record producer, record executive, film producer, and actor, who has been cited by multiple publications as one of the greatest and most influential rappers of all time, has found himself listed multiple times alongside other hip-hop cash kings like his mentor Dr. Dre, Sean “P. Diddy” Combs, and Jay Z.
Eminem’s net worth, according to the celebrity net worth website, is estimated to be around $230 million. The fifteen-time Grammy award winner still has a long way to go before getting to a billion dollars, however, if ever he gets to be worth that much, his talent and unrelenting work ethic is what will get him there.
How Did He Become So Popular and Make His Money?
After having gained an appreciation for his talent in the underground hip hop scene under the stage name MC Double M, Eminem released his debut album, Infinite, in 1996. With the album being a commercial failure, the rapper was told to try his hands at rock and roll.
Following a period in which he attempted suicide and his net worth was not anything to write home about, Eminem got himself together to create a sadistic and violent alter ego known as Slim Shady. Through his alter ego, he was able to rap about things like drugs, rape, and murder in his second body of work, the Slim Shady EP, which was released in 1997 to some local acclaim. That same year, he traveled to Los Angeles to compete in the nationwide battle rap competition called The Rap Olympics, where he finished second.
Following his performance, a staff of Interscope Records who attended the show sent a copy of his Slim Shady EP to the CEO of the company, Jimmy Iovine, who in turn played it for record producer Dr. Dre. He further earned himself a spot on the Unsigned Hype column of hip-hop magazine The Source in March 1998.
Dre was said to have been immediately impressed with Eminem’s talent that he did not think twice about signing him even though he was white, a fact that made most of his colleagues criticize him. In 1999, Dre’s vision was rewarded as Eminem’s third project, The Slim Shady LP was one of the year’s most popular albums. The album sold more than three million copies by the end of the year, signaling Eminem’s breakthrough in the music industry.
As can be seen in Eminem’s net worth, the rapper has since that time continued to sell millions of records. His next body of work, The Marshall Mathers LP, released in May 2000, sold 1.76 million copies in its first week of release. This made it the fastest-selling hip hop album, and the fastest-selling solo album of all time. The album has since been certified Diamond by the RIAA after having sold 32 million copies worldwide.
In total, Eminem has released ten studio albums, and three collaborative albums, all of which has sold more than 230 million copies worldwide. Add the money he has received from the sales of his records to what he has rakes in from headling or co-headling tours, his ownership of a record label, publishing of books, and salary from appearing in either films or commercials, and it will be not much of a surprise to see why he has been able to make so much money.