Percy "Master P" Miller's estimated net worth

Net Worth:

$350 Million

Source:

Rapper, Producer, Actor, Entertainer, Entrepreneur

Citizenship:

United States

American rapper, entertainer, investor and entrepreneur, Percy Robert “Master P” Miller, has an estimated net worth of $350 million. Percy Miller, best known in the hip hop world as Master P is the president-CEO , founder of No Limit Records, also the founder of P. Miller Enterprises, an entertainment and financial conglomerate and Better Black Television.

Like Jay-z, Master P got superb business skills, he built a well diversified empire that includes several rap labels, a clothing line, a management company, a high end travel agency, a film production company, a video game company and even a phone sex line.His most notable and likely most successful endeavor was his No Limit record company which pioneered the Southern Rap sound. Once a top company, housing the likes of Mystikal, Silk the Shocker and even Snoop Dogg at one point, the label has since fallen on hard times.

Numerous lawsuits forced P to shut the label down and file for bankruptcy in 2003, but it appears as if No Limit is looking to bounce back, announcing a relaunch in 2011, helmed by Master P’s oldest son, Romeo. The young rapper revealed to the Boombox that he has been working on his solo project as well as cultivating new talent for the label.

Miller’s financial status has been brought to light as the rapper and his ex-wife are engaged in a heated battle over child support. The millionaire mogul, whose net worth was once estimated at $600 million, has only been ordered to pay $271 a month in child support for each of his four minor children.