Net Worth Ranker
What Is Roddy Ricch’s Net Worth?
Roddy Ricch, the American rapper, singer, songwriter, and record producer, has accumulated a net worth of $20 million as of 2024. His financial success stems from a variety of sources, including music sales, streaming royalties, live performances, and strategic investments. In 2020 alone, Roddy Ricch claimed to have earned $20 million, a substantial portion of which he invested in commercial real estate projects in his native Compton.
Early Career and Musical Breakthroughs
Born Rodrick Wayne Moore Jr. on October 22, 1998, in Compton, California, Roddy Ricch’s journey into music began in his early teens. He attended Carson Senior High School and Westchester Enriched Sciences Magnets. He began rapping and making beats at the age of 16. His early involvement with the Park Village Compton Crips led to a brief period in county jail. In November 2017, he released his debut mixtape, “Feed Tha Streets.” The following year, he launched the EP “Be 4 Tha Fame” and garnered mainstream attention with his single “Die Young,” written in memory of a childhood friend. In November 2018, while still in county jail, he released his second mixtape, “Feed Tha Streets II,” which peaked at number 67 on the Billboard 200 and number 36 on the Top R&B/Hip-Hop Albums chart. These early releases laid the groundwork for his later commercial success.
Ricch’s breakthrough came in 2019 when he was featured on Nipsey Hussle’s single “Racks in the Middle.” This collaboration earned him a Grammy Award for Best Rap Performance, significantly boosting his profile. The same year, he released his debut studio album, “Please Excuse Me for Being Antisocial,” which debuted at number one on the Billboard 200. The album’s hit single, “The Box,” topped the Billboard Hot 100 for 11 weeks, solidifying his position as a leading figure in contemporary hip-hop. “Please Excuse Me for Being Antisocial” won Album of the Year at the BET Awards, further cementing his achievements. At the Grammy Awards, Ricch had six nominations, highlighting the critical acclaim and commercial impact of his work.
Collaborations and Peak Earnings
Roddy Ricch’s career has been marked by several high-profile collaborations that have significantly contributed to his earnings. In 2018, he appeared on Meek Mill’s album “Championships” and partnered with Marshmello on the single “Project Dreams.” His feature on Nipsey Hussle’s “Racks in the Middle” in 2019 was a major success, winning him a Grammy Award for Best Rap Performance. Shortly after, he was featured on the remix of Post Malone’s “Wow” and collaborated with Mustard on the hit single “Ballin’.” In 2020, Ricch was featured on songs such as “Letter to Nipsey” by Meek Mill, “Numbers” by A Boogie wit da Hoodie, and “Walk Em Down” by NLE Choppa. His collaboration with DaBaby on “Rockstar” was particularly successful, spending seven weeks at number one on the Billboard Hot 100. Additionally, he appeared on Pop Smoke’s posthumous single “The Woo” and Cordae’s single “Gifted.” These collaborations broadened his audience and increased his revenue streams through royalties and increased visibility.
In 2020, Roddy Ricch claimed to have earned $20 million. While specific breakdowns of this income are not publicly available, it is likely that a significant portion came from royalties from his hit songs, streaming revenue, and live performances. The success of “The Box” and “Rockstar” generated substantial income through various platforms, including Spotify, Apple Music, and YouTube. Live performances, before the COVID-19 pandemic, would have added significantly to his earnings. While specific details on his concert earnings per show are not public, high-profile artists can earn hundreds of thousands to millions of dollars per performance, depending on the venue and event.
Real Estate Investments
Roddy Ricch has strategically invested a portion of his earnings in real estate, particularly in his hometown of Compton. While specific details of his commercial real estate projects are not publicly available, such investments can provide a steady stream of income through rental revenue and property appreciation. In December 2021, Roddy Ricch purchased a home in Beverly Hills for $5.6 million. This property, located in a prestigious neighborhood, was a significant investment in his personal wealth. In November 2022, he listed this home for sale at $5.995 million, indicating an attempt to capitalize on the property’s value. However, he ultimately sold it for $4.995 million, incurring a loss on the sale. The property is located at Beverly Hills, though the address isn’t publicly available.
Earnings and Royalties
Roddy Ricch’s income is generated through various channels within the music industry. Streaming royalties from platforms like Spotify, Apple Music, and Amazon Music contribute significantly to his annual earnings. The exact per-stream royalty rates vary, but artists typically earn a fraction of a cent per stream. Given the billions of streams his songs have accumulated, this translates to substantial revenue. Music sales, although declining in the digital age, still generate income, especially for album sales. Roddy Ricch’s “Please Excuse Me for Being Antisocial” achieved multi-platinum status, indicating significant sales figures. Performance royalties, collected by organizations like ASCAP and BMI, also contribute to his income. These royalties are generated when his music is played on the radio, television, or in public venues. Specific details on Roddy Ricch’s contracts with record labels and streaming services are not publicly available. Generally, artists receive an advance upon signing with a label, which they must recoup through music sales and royalties. The percentage of royalties an artist receives varies depending on the contract and their negotiating power.
In February 2021, Roddy Ricch and rapper 42 Dugg were involved in a shooting incident at a music video shoot in Atlanta, Georgia. The incident, which left three people injured, did not harm either Ricch or 42 Dugg. Following the incident, they released the single “4 Da Gang.” A couple of months later, Ricch released his single “Late at Night,” which debuted at number 20 on the Billboard Hot 100. In September 2021, Ricch previewed his upcoming sophomore album, entitled “Live Life Fast,” which was released on December 17th. The album was unable to replicate the success of his debut album.
Roddy Ricch’s unique rapping style, which blends West Coast hip hop with drill rap, has earned him recognition. He has cited influences such as Speaker Knockerz, Kendrick Lamar, Young Thug, Gucci Mane, and Future. In 2019, Roddy Ricch was arrested for felony domestic violence for allegedly assaulting his girlfriend at his home in Los Angeles. He was released on a $50,000 bond, and all charges were dropped due to insufficient evidence.
