Rick Ross Unveils A Secret To Building His Wealth, Says He Put Aside His First $1 Million From Def Jam

BYZachary Horvath4.5K Views
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Rick Ross Live Performance Party at VIP Room Saint Tropez
SAINT TROPEZ, FRANCE – AUGUST 14: Rap artist Rick Ross attends Rick Ross Live Performance Party at VIP Room Saint Tropez on August 14, 2023 in Saint Tropez, France. (Photo by Foc Kan/WireImage)
This is why Rick Ross is a successful rapper.

Mississippi-born and Carol City-raised, Rick Ross has built up quite a reputable brand over his lengthy rap tenure. Since the late 2000s, Rozay has come a long way from his first hit, "Hustlin,'" back in 2006. The man has 11 albums, with a few of them earning a deluxe version. Throughout all of those projects, some of the biggest hits have come from the MMG label head. Solo songs like "Aston Martin Music" helped build this luxurious image around the rappe, giving him his own identity.

On top of the musical success, he is also a businessman and an affluent one at that. He has imprints on the food industry like Wingstop and Checkers. He also is in the alcohol world with Belaire Rosé Champagne and 1800. Ross simply knows marketing and advertising like no one else. So much so, that universities are starting to offer courses on how the rapper has gone to become the man he is today. He is all about sharing his knowledge and he recently did that on a local Miami podcast.

Rick Ross Was Not Satisfied: Listen

In some information grabbed from the Daily Deposits Miami podcast and AllHipHop, Ross shared one way that he began to grow his bank account. This story comes from the time he signed with Jay-Z and Def Jam. He netted a seven-figure contract worth at least $1 million and saved it all. Ross then decided to challenge himself to reach another money milestone. After his original goal, he upped it to $5 million. In the podcast, Ross said, "F*** a mil. You got that right off the rip, you got to readjust this s***. Now it’s five [million]." He went on to mention that he became inspired to save it, saying, "I ain't even touch that, I ain't even buy a car." This strategy seemed to work out in the end because his net worth now stands anywhere from $45 to $150 million.

What are your initial thoughts on Rick Ross' money-saving plans? Could he be the next rapper to reach the $1 billion net worth mark? Is he going to be the next role model for younger rappers to build their wealth? We want to hear what you have to say about all of this. With that in mind, be sure to leave all of your thoughts in the comments section. Additionally, keep it locked with HNHH for all of the latest breaking news around Rick Ross and the rest of the music world.

About The Author
Zachary Horvath is one of the Music Freelance News Writers at HotNewHipHop and has held that title since August 2023. Prior to this position, he held another freelance gig covering local high school football, girls and boys varsity basketball, in addition to recapping Cleveland Cavaliers games remotely. He's taken the previous experience and used it to become a jack of all trades at HotNewHipHop. Zach has thoroughly enjoyed tackling some of the trending topics in sports, with a larger focus on hip-hop and pop culture. Some of those include Bronny James's draft stock, a multitude of angles swirling around the Drake and Kendrick Lamar beef, as well as Diddy's arrest and lawsuits. Separate from the headlines that everyone wants to hear about, he was fortunate enough to help spread Zaytoven's current thoughts at the time around mid-December in 2023. Even though being able to give his expertise on these stories is fulfilling, being able to share his passion for releases trumps that ever so slightly. Having the chance to express his excitement indirectly about what he thinks our readers should be checking out/revisiting grows his passion for writing that much more.
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