Rick Ross Net Worth (Money & Salary)

What is Rick Ross’ net worth?

With a net worth estimated at $150 million, Rick Ross is an American entrepreneur, rapper, songwriter, record executive, producer, and CEO. Over his career, he has achieved impressive sales figures, including millions of albums and tens of millions of singles globally. Throughout various points in his career, he has ranked among the ten highest-earning rappers worldwide. Currently, his total career earnings exceed $90 million, excluding the value of his real estate investments, record label, and other income-generating projects.

Ross gained fame in 2006 with his debut album “Port of Miami,” which landed at the top position on the U.S. Billboard 200. Renowned for his unique husky voice and vivid storytelling in his lyrics, he followed up this initial success with several acclaimed albums, such as “Trilla” (2008), “Deeper Than Rap” (2009), “Teflon Don” (2010), and “God Forgives, I Don’t” (2012), all of which reached the pinnacle of the Billboard charts. His music often explores themes related to wealth, criminality, and the lifestyle of Miami.

In addition to his musical accomplishments, Ross is the founder of the record label Maybach Music Group (MMG), which has produced works by artists like Wale and Meek Mill. Furthermore, as an entrepreneur, he holds various business interests, including several franchises of the Wingstop restaurant chain.

Early Life

Born William Leonard Roberts II on January 28, 1976, in Clarksdale, Mississippi, Rick Ross grew up in Carol City, Florida. He graduated from Miami Carol City Senior High School and attended Albany State University, a historically black college, on a football scholarship.

Career

For a duration of 18 months, Ross worked as a correctional officer, starting in December 1995 and resigning in June 1997. He initially debuted in the music industry under the name Teflon Da Don but transitioned to Rick Ross in the mid-2000s, inspired by the infamous drug dealer “Freeway” Rick Ross.

His first single “Hustlin” was released in 2006, triggering a competitive bidding war among record labels. Offers came from Diddy’s Bad Boy Entertainment and Irv Gotti’s Murder Inc., but Ross ultimately secured a multimillion-dollar contract with Jay-Z’s Def Jam Records. Shortly after, he launched his first album, Port of Miami, which debuted at the top of the Billboard 200 album chart. His second album, Trilla, was released in 2008, also debuting at number one.

In 2009, he established the Maybach Music Group record label, through which he released several studio albums, including Deeper Than Rap (2009), Teflon Don (2010), God Forgives, I Don’t (2012), Mastermind, Hood Billionaire (both in 2014), Black Market (2015), Rather You Than Me (2017), Port of Miami 2 (2019), and Richer Than I Ever Been (2021). Additionally, he was the inaugural artist signed to Diddy’s management firm, Ciroc Entertainment.

In early 2012, MTV honored Ross with the title of Hottest MC in the Game.

Ross made a guest appearance on VH1’s hit show Snoop and Martha’s Potluck Dinner Party, where he was partnered …

to cook alongside Martha Stewart.

Legal Issues

In a conventional sense, Ross has encountered legal difficulties – with arrests related to guns and drugs, as well as facing lawsuits from various individuals within the music industry. In January 2008, he was detained on charges involving guns and marijuana. While questioning Officer Rey Hernandez, the Miami Beach officer who apprehended Ross, his lawyer inquired why the case was allocated to the gang task force. Hernandez indicated it was due to Ross’s asserted connections with Triple C’s (also known as Carol City Cartel) and other recognized gang members, although he failed to present any evidence of Ross’s gang affiliation.

In August 2008, YouTube entertainer DJ Vlad brought a lawsuit against Ross, alleging assault and battery. Vlad accused Ross of orchestrating an ambush during the 2008 Ozone Awards in Houston, Texas, after questioning him about his past as a correctional officer.

In June 2010, “Freeway” Ricky Ross filed a copyright infringement lawsuit against Ross in a California federal court, claiming unauthorized use of his name. The court ruled in favor of rapper Rick Ross on December 30, 2013, permitting him to retain the name under the First Amendment ruling.

In 2021, Rick Ross agreed to pay $11,000 per month in child support to his ex-girlfriend Briana Singleton for their three children.

Personal Life

Rick Ross is a father to four children: Toie Roberts, William Roberts III, Berkeley Hermes Roberts, and Billion Leonard Roberts.

A Christian, Ross indicated in an interview with Corey “Coco Brother” Condrey on Lift Every Voice that, “I had told myself at one point no matter what I go through, I never question God.” Additionally, he mentioned that he prays before each performance.

On January 27, 2013, while celebrating his 37th birthday, Ross and his girlfriend were targeted in a drive-by shooting in Fort Lauderdale, Florida. Both were unharmed, but they crashed their car into an apartment while trying to escape the attack.

In 2015, Ross became briefly engaged to Lira “Galore” Mercer.

Criticism arose in 2017 when Ross stated in an interview that he had never signed a female rapper because “I would end up f*cking [her] and f*cking the business up.” He promptly issued a Facebook apology, calling his remarks “insensitive” and a “mistake [he regrets].”

Ross owns multiple Wingstop restaurant franchises.

Earnings Highlights

Since 2007, we have been monitoring Rick Ross’s earnings and net worth. He’s certainly been quite active. Below is a year-by-year summary of his income:

• 2007 – $2 million
• 2008 – $3 million
• 2009 – $6 million
• 2010 – $5 million
• 2011 – $6 million
• 2012 – $9 million
• 2013 – $6 million
• 2014 – $7 million
• 2015 – $9 million
• 2016 – $10 million
• 2017 – $11 million
• 2018 – $4 million
• 2019 – $5 million
• 2020 – $7 million

Total:

$90 million

During an appearance on the Ed Lover morning show in February 2009, rival rapper 50 Cent brought with him a financial breakdown of Rick Ross that had been obtained during a child support case. The documents disclosed that Ross’ actual financial state was significantly different from the persona he preferred to present. Ross asserted that he owned three vehicles:

• 2004 Maybach valued at $55,000
• Leased 2007 Cadillac Escalade worth $30,000
• 2006 Infinity Q56 appraised at $30,000

Moreover, Ross mentioned that he possessed jewelry worth $45,000, which suggested that the jewelry he showcased in his videos and on television might have been either counterfeit or borrowed. His mortgage payments each month amounted to $9,700, and he indicated that he overspent by $7,000 compared to his earnings every month.

Legal documents related to the child support proceedings with his former girlfriend indicated that Rick Ross’ monthly income stood at $585,000 during 2020/2021.

Real Estate

In 2012, Ross invested in a waterfront mansion spanning 10,000 square feet in Fort Lauderdale, Florida, costing him $5.2 million. This Mediterranean-style house, which features three stories, contains eight bedrooms, 11 bathrooms, and two half-baths. Amenities include two master suites, a theater, a game room, a full bar, an elevator, and a pool complete with a bar and spa. Nestled on nearly half an acre, the estate boasts 150 feet of private waterfront in the Seven Isles community. He listed the home for sale in 2014 for $9.25 million and finalized a sale for slightly over $6 million in 2016.

Headlines were made in 2014 when Ross acquired a massive property outside Atlanta for $5.8 million, comprising 54,000 square feet and 109 rooms, situated on 235 acres. Previously, this mansion belonged to boxer Evander Holyfield and is believed to be the largest residence in Georgia, featuring 12 bedrooms and 21 bathrooms.

In October 2020, Rick Ross invested $1 million to purchase an additional 87 acres adjacent to his suburban Atlanta home, increasing his total land ownership to 322 acres, a property he has named “The Promise Land.”

April 2023 saw reports confirming that Rick Ross spent $4.2 million in cash to acquire Meek Mill’s mansion in Atlanta.

Additionally, in July 2023, it was reported that Rick had come to terms on a mansion located on Star Island in Miami, with a reported purchase price of $37 million.

Private Jet

In June 2023, Rick revealed through an Instagram post the purchase of a private jet. Investigations through the plane’s tail number unveiled that he had acquired a 2012 Gulfstream G550. Depending on various factors, the 2012 G550s are valued between $10 and $40 million, with Rick likely purchasing his jet for approximately $19.5 million through an LLC named Maybach Air in April 2023.