Master P accumulated his $200 million net worth through a combination of successful music with his label No Limit Records, smart business ventures including food products and real estate, acting and producing films and TV shows, and sports management.
His entrepreneurial approach and diverse investments have played a significant role in his financial success.
Career Details
Master P, born Percy Robert Miller, grew up in New Orleans, Louisiana, where he was influenced by the city’s dynamic music scene. He began his music career by opening a record store named No Limit Records in Richmond, California.
The store’s success prompted him to launch his own record label with the same name, which became instrumental in his rise to prominence in the music industry.
Master P’s No Limit Records revolutionized hip-hop with its innovative 80/20 distribution deal with Priority Records in 1996, which allowed the label to keep ownership of its masters. This deal was pivotal in expanding the label’s influence.
No Limit Records boasted a star-studded roster, including Snoop Dogg, Mystikal, and Mia X. The label’s success during the late 1990s and early 2000s played a crucial role in boosting Master P’s net worth.
Master P’s entrepreneurial mindset has significantly boosted his net worth. He expanded beyond music into film production with No Limit Films, producing movies such as I’m Bout It, I Got the Hook-Up, and Foolish.
His clothing line, P. Miller Designs, offered urban streetwear, and his sports management agency, No Limit Sports, represented high-profile athletes like NFL running back Ricky Williams. These diverse ventures have greatly contributed to his financial success.
