Master P Net Worth

Percy Robert Miller, better known by his stage name Master P, was born on April 29, 1970, in New Orleans, Louisiana. Raised in the Calliope Projects, he faced a challenging childhood marked by poverty and crime. Despite these obstacles, Miller excelled in basketball, earning a scholarship to the University of Houston. However, he left college to focus on his music career. Master P founded No Limit Records in 1991, initially selling records from the trunk of his car. The label grew to become one of the most successful independent record labels of the 1990s. Master P's breakthrough came with his 1997 album 'Ghetto D', which included the hit single 'Make 'Em Say Uhh!'. He's also known by nicknames such as 'The Ice Cream Man' and 'The Boss'. Beyond music, Master P has ventured into various business endeavors, including film production, clothing lines, and a brief stint in professional basketball with the Charlotte Hornets and Toronto Raptors. He's a father of nine children, including rapper and actor Romeo Miller. Master P is also known for his philanthropy, particularly in his hometown of New Orleans.

Master P's wealth stems from his multifaceted career in the entertainment industry and his savvy business investments. He built his fortune primarily through his music career and the success of No Limit Records, which has sold over 100 million records worldwide. Master P has also made significant income from film production, television appearances, and various business ventures including a travel agency, a phone sex company, a real estate firm, a sports management company, and a line of food products called 'Uncle P's'.

Master P's net worth is a result of his diverse income streams and smart financial decisions. His primary source of wealth has been the music industry, particularly through No Limit Records, which at its peak was earning an estimated $110 million per year. His ventures into film production, including 'I Got the Hook Up' and 'Hot Boyz', have also contributed significantly. Master P's business acumen has led him to invest in various sectors, including real estate, which has likely appreciated over time. He's also ventured into sports management and product lines, which provide ongoing revenue. While specific details about his expenses and liabilities are not public, it's known that he's invested heavily in his children's careers and education. Master P's financial strategy seems to focus on diversification and reinvestment, which has helped him maintain and grow his wealth over decades in the volatile entertainment industry.