Net Worth Ranker
What Is Master P’s Net Worth?
Master P, born Percy Miller on April 29, 1970, boasts a net worth estimated at $200 million. This impressive figure reflects his multifaceted career as a rap mogul, entrepreneur, film producer, and investor. His financial success stems from a diverse range of ventures, with significant contributions from his music career, record label, film production company, and various business investments. He has sold over 100 million records worldwide.
Early Career and the Rise of No Limit Records
Master P’s journey began in the Calliope Projects of New Orleans. He honed his entrepreneurial skills while studying business at Merrit Junior College in Oakland, California. A pivotal moment arrived when he inherited $10,000 after the death of his grandfather. Capitalizing on this opportunity, he launched No Limit Records as a record store. Recognizing the evolving tastes of his clientele, he expanded the store into a record label in 1990. The first release under the No Limit Records banner was the 1990 cassette-only EP “Mind of a Psychopath,” credited to The Real Untouchables (TRU), a group featuring Master P and his brothers Silkk the Shocker and C-Murder.
His debut album, “Get Away Clean,” was released in 1991. In 1995, he relocated No Limit Records to New Orleans, further solidifying his presence in the Southern rap scene. The label’s breakthrough came with albums like “Mr. Ice Cream Man” and “Ghetto D.” “Ghetto D,” featuring the hit single “Make ‘Em Say Uhh!,” achieved triple platinum certification after selling over 260,000 copies in its first week. His 1998 album, “MP Da Last Don,” debuted at #1 on the Billboard charts, selling over 400,000 units in its first week, cementing his status as a major force in the music industry. He also created a film to coincide with the album’s launch. In 2001, he released his tenth studio album, “Game Face,” followed by his eleventh in 2004. He formed Guttar Music with his son Lil’ Romeo in 2005, releasing an album dedicated to Hurricane Katrina victims. In 2007, they released a collaborative album selling 32,000 copies globally. Throughout his career, Master P has released 15 studio albums.
Diversified Business Ventures and Investments
Beyond music, Master P built a diversified business empire in the late 1990s. This included several rap labels, a clothing line, a management company, a high-end travel agency, a film production company, a video game company, and a phone sex line. No Limit Records remained his most successful venture, pioneering the Southern Rap sound and selling over 80 million records worldwide. In 1998 alone, his business empire generated more than $160 million. Master P’s ventures extended to the literary world with the release of his book, “Guaranteed Success,” in 2007. He also made investments through No Limit Entertainment. In 1999, he made a foray into professional wrestling, appearing with World Championship Wrestling.
Master P’s entertainment career includes appearances in films since 1997, including feature films and direct-to-DVD releases. He ventured into reality television as a contestant on “Dancing with the Stars,” partnered with Ashly DelGrosso, though he was eliminated in Week 4. He starred alongside his son, Lil’ Romeo, in the Nickelodeon sitcom “Romeo!” In 2015, he and his family starred in their own reality show, “Master P’s Family Empire,” which aired for one season on Reelz. In October 2019, Master P acquired ownership in the Brooklyn-based independent wrestling promotion House of Glory.
Master P’s business acumen also extended into the food and beverage industry. In April 2023, he partnered with Swizzle Dinner and Drinks to launch a special menu item benefitting Louisville children. The twin petite Angus filets with crawfish and cajun cream sauce, a nod to his Louisiana roots, allocated 20 percent of proceeds to the Game Changers outreach program.
Accolades and Recognition
Master P’s contributions to the music industry have been recognized with numerous accolades. He won Favorite Rap/Hip Hop Artist at the American Music Awards in 1999. VH1 ranked him #36 on their list of 50 Greatest Hip Hop Artists in 2005. His single “Make Em Say Uhh!” was ranked #94 on VH1’s 100 Greatest Hip Hop Songs. He was listed at #28 on BET’s list of The Most Influential Rappers of All Time. BET also recognized him as one of the 25 Most Influential Black Music Executives. In July 2013, Master P was inducted into the Louisiana Music Hall of Fame. He received an honorary doctorate from Lincoln University in Pennsylvania in 2021.
Personal Life and Philanthropic Endeavors
Master P married Sonya Miller in 1989. They have seven children together. During their divorce proceedings in 2014, Miller claimed that Master P owned 31 properties, 13 cars, and 45 companies. She also stated that No Limit Records was worth $136 million. The divorce was settled on undisclosed terms. In May 2022, Master P’s daughter, Tytyana Miller, died at 29.
He also directs his resources toward community development through his organizations, the P Miller Youth Centers and the P Miller Food Foundation for the Homeless. In 1999, he donated $500,000 to his Catholic elementary school and local churches. He received the key to the city of Memphis, Tennessee, in July 2005. Master P became involved in politics in 2007, advocating for voter participation and supporting Barack Obama’s presidential candidacy. In April 2010, he and his son Lil’ Romeo received a Certificate of Special Recognition from Congress member Maxine Waters. They also hosted an anti-obesity event with Michelle Obama in late 2010.
