Master P Net Worth = $300 Million
Master P is one of the most low key businessmen in the rap game. He has gained an impressive net worth, and most people don't realize how smart he has been throughout his career. He started off rapping but branched off into producing, entrepreneurship, NBA Basketball, and so much more.
Master P has gone on to release 15 studio Albums, but no song was more popular than the song "Make Em Say Uhh." He has had his songs played in numerous Hollywood movies and has done a bit of acting himself.
Originally from the projects in New Orleans, he comes from a family of rappers. His two younger brother Silk The Shocker and C-Murder were both rappers.
Source of Wealth
Make Em Say Uhh
Quotes to Prep for the Master P Net Worth and Key Habits
1. “Work hard and never make excuses.” – Master P
2. “I think my thing is I grew up in the ghetto, and I was able to get a second chance. That’s what I’m trying to tell kids.” – Master P
3.” I think you’ve got good people and bad people in everything you do. If you start making a big deal of it, then it’s a problem. It’s like in life. We’ve got bad doctors and lawyers. We’ve got bad priests! We don’t target every priest and say he’s bad. You have to go to church and you have to go see some doctors. Some people have to be good.” – Master P
4. “My little cousin Jimmy told me in jail he was a drag queen.” – Master P
Master P Net Worth and Key Habits
Habit #1 - Invest Your Money
Master P lost his grandfather when he was getting into the rap game, and because of that, there was a $10,000 settlement that he was given. He used that money and invested it into a record store called No Limit Records. It was the beginning of his million-dollar business empire he would build. Most people would have taken that money and just blown it on things that rust, rot and depreciate.
The reason that Master P net worth is so large is because he was one of the first rappers to learn that you must branch out. He has gotten into many different businesses and investments including:
- Real Estate
Habit #2 - Use Tragedy to Change The Path
Master P lost his grandfather and then lost his little brother in the same year. After much success, his brother ended up going to jail for murder. All of these things happening to Master P have just made him hungrier to provide a better for his family. He did not let the heartbreak make him go crazy or to give up on the vision that he had for his life. He has raised his kids in a world without poverty, and they know how to create a better life for their own future families.
No matter what you grew up in or around, Master P is living proof that you can want and get better if you don't lose focus. Decide what you want for your life and don't lose focus on that until it's yours. The setbacks should be gasoline for the fire.
Habit #3 - Be an Owner
Master P made some incredibly smart business moves by making sure that he owns all of the Masters in his songs. At this time in the music industry, no one was doing this. People were making money for these labels and acting as if they were rich when really they did not have much money, and they would not make much in the future either. The reason for this was the fact that they gave their rights away.
Master P was a hustler, and he knew how to keep money in his pocket. He did not depend on traditional marketing and did a lot of guerrilla marketing to sell his albums. He had to do this because, when starting, he did not have a big budget to ensure his success. Because he focused on the ownership, in the long run, he always ended up making more.