While many people believe that celebrities have money, few take the initiative to find out how wealthy they are. This shocking revelation of Lupe Fiasco’s net worth as arguably one the richest rappers in the world will not only surprise you but also inspire many people who appreciate rap musicians.
Lupe Fiasco Net Worth - $14 Million
Birth Name - Wasalu Muhammad Jaco
Date of birth - February 16, 1982
Zodiac Sign - Aquarius
Birth Place - Chicago, Illinois, United States
Nationality - American
Height - 5' 10"
Profession - Rapper, record producer, and entrepreneur;
Born in Chicago, Illinois in the United States of America, the 33 year old rapper, singer , record producer, song writer and entrepreneur has amassed a lot of wealth , mainly from his music career that has left many tongues wagging. Lupe Fiasco, real name Wasalu Muhammad Jacu is estimated to be worth $ 8 million. This is according to Richest Celebrities magazine. Despite the fact that he has not yet appeared on annual Forbes Hip hop Kings of Cash, this year he came so close to break the 7 figure mark. This is according to Zack Greenburg, a Forbes staff.
As an entrepreneur, Lupe Fiasco is the Chie Executive Officer of 1st & 15th Entertainment. This is a record label is totally independent from his main stable Atlantic Records where he met big stars like Jay Z who helped him produce his songs. This is one of the ventures that has really contributed to his net worth owing to the amount of cash it has been generated through music production. He founded the label alongside Charles Patton.
Lupe Fiasco has also invested in the fashion industry. He runs two famous clothing lines. Namely; Righteous Kum-Fu and Trilly Truly. This business has been so successful that he has managed to obtain a good fortune from it.
In addition, Lupe Fiasco’s entrepreneurial skills have also landed him in the design industry. As a designer, he has managed to work with one of the leading companies that manufacture footwear. That is, Reebok.
But what has largely contributed towards Lupe Fiasco’s outstanding net worth as opposed to other rappers in the same music industry?
Lupe Fiasco net worth has mainly been attributed to huge volumes of album and ticket sales. For instance he averaged $60,000 in gross ticket sales just a single night across 47 shows during Forbes scoring period this year. In addition, his undisputable album Laser earned a gold certification for selling a record-breaking 500,000 copies in the United States.
Going by the success of his other album, Food and Liquor which was debuted at the 2nd position on Billboard 200, registering sales of upto 90,000 copies in the first week, this is just another proof of what has contributed to Lupe Fiasco’s net worth. The album was released in September 2006.
He has participated in numerous charity activities to raise funds for people experiencing different problems. For instance in 2014, he participated in raising funds towards helping cancer patients. He has also been involved in other charity activities such as Summit on the Summit Expedition. Furthermore, he recorded a song in 2010 raise money in order to benefit the victims of 2010 Haiti Earthquake. However much these activities were geared towards raising cash to help the suffering, Lupe Fiasco as in individual must have benefited too. This therefore has contributed to his net worth.
Lupe Fiasco’s net worth of about $ 8 million dollars has also been brought about by the rapper’s involvement in Corporate activities. Despite his controversial nature due to publicly attacking commercial companies, he has become a darling to many corporations. For instance Samsung , one of the leading companies in mobile phone manufacture. He ironically points a fault in their products making it more popular on the contrary. By so doing the company sponsors his music tours besides signing endorsements involving huge sums of money. In one of his controversial statements while referring to Samsung, Lupe Fiasco says ’’Hey man, are you putting illegal coltan in your phones?’’. Ironically, this works for him.
Jack of All Trades
Lupe Fiasco is based at Atlantic Records where he works as a rapper, song writer and a producer. He charges other artists a fee for his song writing and production services. This extraordinary rapper is just multi-talented and a jack of all trades. He knows how to trap money from every corner by making use of his talent and skills. This among other factors explains Lupe Fiasco net worth.
In conclusion, while many rappers continue to use filthy lyrics full of vulgar words ostensibly to impress their fans, Lupe Fiasco takes a totally different angle by focusing on important message. This is the reason behind his enormous success as evidenced by his financial net worth. Both established and budding rappers should follow his example if they want to succeed. No doubt, Lupe Fiasco’s net worth is not only being but rightfully acquired.