How much is Post Malone worth?
| Net Worth: | $55 Million |
|---|---|
| Profession: | Professional Rapper |
| Date of Birth: | July 4, 1995 (age 27) |
| Country: | United States of America |
| Height: | 6 ft (1.84 m) |
About Post Malone
Post Malone is a famous American rapper, songwriter, and record producer. He’s known for combining various genres, including hip hop, rap rock, and cloud rap. With four successful albums under his belt, the rapper is at the top of his game.
Post Malone, was born in Syracuse, New York. His introduction to the music scene came from his father Rich Post, who was a DJ himself. Rich introduced Post to the sounds and artists from country, rock, and hip hop, a genre that Post would soon be charting under. In 2010, Post took an interest in the guitar and auditioned for the band Crown the Empire. During his audition, the strings on his guitar broke, resulting in a rejection from the audition.
Around the same time, when he was 14 or 15, Post used a rap name generator to get the name “Post Malone” – Post being his last name and Malone, the product of random chance. “It was from a Wu-Tang name generator,” Post has said. “We were all hanging out, chilling and drinking and then we were like, ‘Oh, Wu-Tang name generator, let’s put our name in,’” Post Malone revealed on The Tonight Show in 2011.
Using Audacity, Post released his first mixtape at the age of 16, Young and After Them Riches. When he showed it to his friends at Grapevine High School, they voted him the “Most Likely to Become Famous”. After high school, Post enrolled in Tarrant County College where he would soon drop out. It was at this point that Post decided to move to Los Angeles, California. In Los Angeles, Post formed the music group BLCKVRD with fellow musicians. Through this group, Post made connections with the producer that would change his life – Rex Kudo.
Together, Rex and Post would create the song “White Iverson” (2015) that broke Post Malone into the mainstream. The music video and the new sound quickly generated massive success, hitting over 1 million views in just one month. This success attracted various record labels to Post and he eventually chose to sign with Republic Records, in August of 2015.
The rapper claims he made the song in his bedroom when he couldn’t even afford a pack of cigarettes. Post likes to say this is the song that made his career. Before the release, he only had five thousand dollars to his name. He found himself needing to borrow money from friends. It was a big risk to produce the track, but it turned out to be worth the investment. Today, the White Invasion video has more than 900 million views on YouTube.
In 2016 alone, Malone sold over 58,000 copies – he moved more units than any other rapper. After the success of the video, the rapper moved to the next project.
With Republic, Post was working with popular names like Kanye West, Justin Bieber, 50 Cent, and even performed for Kylie Jenner’s 18th birthday party. That year, Post released the album that made him a household name for hip hop – Stoney. The album featured the hit song “Congratulations” (ft. Quavo), as well as “I Fall Apart”, “Big Lie”, and “Déjà Vu” with Justin Bieber.
In 2017, he performed the “Congratulations” hit single that topped Billboard at number 77. While on a European tour, Malone hinted about his rapid rise and the commercial success of his album.
In 2018, the rapper released the Beerbongs & Bentleys album. This was a huge milestone after breaking several records on its release. It peaked on the Billboard 100 and featured in the soundtrack for the Spider-Man film, Spider-Man: Into the Spider-Verse. Other than that, it also earned him an MTV music award.
In 2018, the rapper released the first single from the Rockstar album, which peaked at number 1 on Billboard Hot 100 for eight weeks. This made him one of the most popular rappers in the world. The same year, Malone’s Beerbongs hit 78 million streams on Spotify. In addition, the song received 153,000 copies in the first week and won 4 Grammys.
In 2019, Malone released “Hollywood’s Bleeding”, which became number 1 on Billboard 200.
Malone has become extremely rich before our eyes through his music and endorsements. He used the power of social media to gain attention for his original releases. The rapper receives $500,000 per concert. He also enjoys sponsorship deals with brands like True Religion, Bud Light, and Hyper X. Being an avid gamer, Post has invested in gaming companies. He also runs and promotes a line of wine `Maison No.9’. Of course, the majority of Post Malone’s money is from earnings from his album sales, touring, merchandising, and brand collaborations.
In 2019, Malone recorded over 6.5 billion streams on Spotify, and allegedly earned $60 million that year. Just like other rich rappers though, Post Malone’s spending of money has at times been off the wall. One time, he gave out $50,000 to fans in a Miami club.
Post’s Total Net Worth
Post Malone has had one of the most meteoric rises to the top of the music business, more than almost any other artist in recent history. Malone’s “Runaway Tour” earned $92.6 million dollars in revenue, he also has sold 13 million albums in the United States and 95 million digital singles, making him the eighth best-selling digital artist of all time, according to the RIAA. In total, Malone is estimated to have earned over $100 million dollars already. Malone has 49.5 million monthly Spotify listeners.
Of that amount, $5-8 million is expected to have been paid in business related costs. The remainder, $93.5 million, will have been taxed at a rate of around 49% as Malone has been residing in the state of California, and to a far lesser extent, Utah. After tax, it is estimated that his career earnings are at around $47.68 million dollars, having paid around $45.82 million in taxes.
Post Malone has one child, a daughter, with his fiancé Jamie. In his personal life, Post Malone is estimated to have spent $4-6 million dollars of his career earnings but also probably possesses assets valued at around $1-3 million, not including investment assets. Some of his career income will have been converted into investment assets, his returns from which are being estimated at $8-9 million dollars in value. Therefore, it is estimated that Post Malone has a net worth of a rounded up $55 million dollars. But there are various other opinions.
Not only has Malone earned a tremendous fortune for himself, he has also contributed to society. He was one of the artists, along with drummer Travis Barker, bassist Brian Lee and lead guitarist Nick Mac, who live-streamed a Nirvana covers concert in April 2020. The performance that took place during COVID lockdowns all over the world raised over $5 million for the World Health Organization’s COVID-19 relief fund.
The rapper believes the key to making it big is taking risks. His success story is about hard work. Being a man of many eclectic tastes, the rapper has overcome many obstacles on his path to success.
Malone likes to communicate directly with his fans. After uploading his songs, he avoids major-label red tape. In addition to that, he leverages social media to push his brand.
The rapper has made his music palatable to fans who never thought they could engage with hip hop music. His songs follow the time-honored tradition of aesthetic informality and feature some supernatural knack. While several contemporary rappers have tried to borrow from the sound of metal and rock, Post continues to express his love for hip hop.
Since the release of Stoney, Post has released a string of hit records. His subsequent album releases Beerbongs and Bentleys and Hollywood’s Bleeding have become multi-platinum.
It’s hard to pinpoint the exact thing that makes Post Malone so likable… perhaps it’s his unique blend of hip hop and rock or his charming personality. While some older folks may be somewhat turned off by his face-tattoos, the younger generation can’t seem to get enough of Post Malone. Despite his success, Post remains humble and once said: “A little self-deprecation goes a long way”.
The success of Post Malone was not overnight, in fact, it was a process that was years in the making. Although White Iverson was a smash hit success in 2015, it was met with initial criticism that painted Post a “culture-vulture”. A culture-vulture is typically the name given to white artists who borrow from African American influence to drive success, thereby (allegedly) drawing attention away from black artistry.
These claims, I feel, were typically backed by conjecture and judgment of Post’s appearance rather than the content of his music/character. Ironically, a majority of Post’s successes were collaboratively built with black artists and producers. I also don’t think that the term “culture-vulture” is used among artists, certainly not true artists. It may well be more something brought about by people looking to stir the pot when Post Malone suddenly came out of left field.
Beneath the surface, Post Malone is an emotional, caring, and humble guy. His second album Beerbongs & Bentleys is less about flexing, partying, and substance abuse and more about the emotions associated with his newfound lifestyle.
On the track Paranoid, Post raps: “A paranoid man makes paranoid plans, I’ll do what I can but it’s out of my hands”. If the paranoia he raps about is real, maybe it is about uncertainty of the people around him. Perhaps Post questions whether or not people are there for him because of his character or just after his money? I think everybody at a certain point struggles with the people around them, who is genuine and who is false.
The album also calls into question the love that he had for a girl who Post believed would never leave him, but he was heartbrokenly wrong. Emotions like heartbreak and paranoia may help Post drive a sense of genuineness and although he juxtaposes it with diamonds, sports cars, and mansions. These items are not mutually exclusive to being real.
It’s easy to judge Post Malone from his face-tattoos and exquisite watch collection. However, it takes a great deal of courage to make music about emotions that reveal weakness. Post Malone is an incredibly relatable artist for many and he is only just finding his vibe.
Summing-Up
From humble beginnings to the Hollywood Hills, Post’s story is one of soul-searching, failure, rap name generators, and risk-taking. Rather than go to school and pursue normality, Post knew that he was capable of great things and so did his high school classmates.
Although reception of his early work was mixed, Post stayed the course, and when the music video of his song, White Iverson hit one million views in a month, he was suddenly on the radar of record labels. Perhaps it’s the melancholic edge to these songs that makes it hard for his critics to write him off. And instead follow him on his introspective journey contained in his lyrics.
