4 Ways Rick Ross is Building His Wealth Outside His Music Career

 

Rick Ross, a dynamic rapper who would go on to top the US Billboard Top 200 albums chart, was born in the Hip-hop industry in 2006. He is most known for his smash song “Hustlin’,” which surely won him the hearts of music fans.

Rick Ross went on to release more than nine 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), and Port of Miami 2 (2019).

With $11.5 million at the peak of his career, he made the Forbes list of Hip-Hop Cash Kings in 2017. Today’s rapper is more than just a musician. He is also a real estate expert, entrepreneur, and investor.

Here are four ways Rick Ross is increasing his net worth outside of the music industry that highlight his hard work.

Maybach Music Group

He elevated his musical career by establishing the Maybach Music Group in 2009. The label is presently handled by Warner Bros, which took over distribution after a partnership with Def Jam Recordings expired.

Mayback has discovered a number of musicians, notably Masspike Miles. Gunplay (born Richard Morales) from Miami, Ma Torch (born Kevin Belnavis) from the Bronx, Young Breed, and reggae musician Magazeen were also signed to the label.

Wingstop

In addition to Maybach Music Group, “Rozay,” as he is known among his pals, owns a Wingstop franchise. As of 2019, he had opened 28 Wingstop locations.

He believes that becoming a franchise owner is important not only for financial gain but also for allowing others to eat healthily. The rapper’s lifestyle was impacted by his personal health crisis. He suffered two seizures in one day in 2011, and he was discovered lifeless at his Florida home in 2018.

“I was suffering from seizures a few years back, that’s why I really had to take control of my health, my weight, and my diet,” he said in an interview. “I still enjoy Wingstop so I had to be a leader and lead by example,” he admits. “I had a big seven-figure offer to help take a tobacco company to another level, but I don’t smoke cigarettes and I didn’t want to be a part of that so I had to turn that down.”

When there was a shortage of chicken wings in America owing to the pandemic, the rapper stepped in quickly. In reaction to the pandemic-related shortage, he created the fictitious brand Thighstop. Thighstop is a digital platform that sells chicken thighs and allows clients to buy from its freshly established menu through its website, where the thighs may be picked up or delivered via DoorDash.

Investor

Rick Ross is a cannabis investor as well. During the pandemic, he collaborated with Cookies, an international cannabis brand, to release three carefully picked marijuana strains.

According to Forbes, he also committed $1 million to become an equity partner, advisor, and spokesperson for Florida-based healthcare startup Jetdoc.

Real Estate

How Africa revealed in March that the Port of Miami rapper rented out his property to be used as Zamunda’s mansion in the sequel to the blockbuster comedy film, Coming 2 America. The record executive revealed that renting out the property to movie makers earned him $2.7 million.

In addition, in a recent Forbes interview, the Rich Forever rapper revealed how he saves $1 million a year on maintenance costs for his 235-acre Georgia house. He allegedly paid $5.8 million for the big Fayetteville property from retired renowned boxer Evander Holyfield in 2014. Aside from its massive compound, the estate boasts over 100 rooms and a 350,000-gallon swimming pool.

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