How much is Rich The Kid worth?
| Net Worth: | $8 Million |
|---|---|
| Profession: | Professional Rapper |
| Date of Birth: | July 13, 1992 |
| Country: | United States of America |
| Height: | 1.78 m |
About Rich The Kid
Rich the Kid is the stage name of Dimitri Leslie Roger. He is an American entrepreneur, rapper, record producer, singer, and songwriter that’s currently signed to the label Republic Records, which boosted his popularity. He began his music career in the early 2010s and as of now has released three very successful studio albums as well as numerous collaborative and solo mixtapes.
Rich the Kid became famous when he released his debut studio album. He was born on July 13, 1992, in Queens, New York. Dimitri grew up speaking Haitian Creole and is of Haitian descent. When he was 13, after his parents divorced, he moved with his mother to Woodstock, Georgia, one of the suburbs close to Atlanta. Growing up, he was listening up to 50 Cent, 2Pac, Notorious B.I.G., Jay-Z, and Nas whom he claims are his biggest inspirations. He then listened to Young Jeezy and T.I.
In the early 2000s, he created his very first rap name – “Black Boy Da Kid”, which was later changed to Rich the Kid. He attended the Elmont Memorial Junior-Senior High School from which he earned his degree in 2011. Shortly after, he began creating music with his first project being the mixtape Been About the Benjamins, released in 2013. Throughout the early and mid-2010s, he began working with Migos for the collaborative mixtapes Streets On Lock.
Consistently producing and releasing music as both a solo act and in collaborations is what makes the hip hop artist so successful. Exactly one year after the release of his first album, Rich released his second. The sophomore album is called The World Is Yours 2 and it was just as successful as his first, selling more than one million copies. Most recently, in March 2020, he released his third studio album titled Boss Man. The album was met with generally mixed reviews, even though it included popular songs with the likes of Lil Baby, Future, Da Baby, Nicki Minaj, and Post Malone.
Another reason why Rich the Kid is so successful is his well-known record label. Since its establishment in March 2016, Rich Forever Music has helped many rising stars gain national popularity such as Famous Dei, Jay Critch, Ari, Young Bino, 83 Babies, and Tropico.
The label has signed joint contracts and deals with its parent companies Warner and Universal Music Group. It has been distributed by the labels 300 Entertainment, Atlantic Records, Interscope, and EMPIRE.
The rapper started to become rich when he signed with Republic Records. Prior to that, he continued to release mostly mixtapes and singles. In the mid-2010s, he released multiple collaborations with artists such as Gucci Mane, Young Thug, French Montana, Yo Gotti, Kodak Black, and Jeremiah.
Starting in 2016, he began releasing the mixtapes Rich Forever in collaboration with various artists from Rich Forever Music. Rich Forever Music is also the name of his record label founded in March 2016 with Warner and Universal Music Group.
After releasing several chart-topping hits such as “Plug Walk”, “New Freezer” (with Kendrick Lamar), and “Talk To Me (with Tory Lanez), he secured a recording deal with Republic Records. In March 2018, he released his debut studio album titled The World Is Yours, which was met with positive reviews. From the 600,000 plus album-equivalent units in its first year. Besides entering many music charts in Europe and North America, it also received gold and platinum certifications in Canada and the United States.
Overall from his work in the music business, Rich the Kid hit the ground running with total career earnings of around $18.5 million dollars to date. Living and rapping out of Atlanta, Georgia has saved him money while also likely helped progress his career. Atlanta is a hotbed of hip hop business activity and culture with some estimates putting the city as a hotter destination for aspiring artists than L.A.. The taxes certainly are better, that is for sure.
With yearly earnings of around $2-3 million dollars in recent years. Rich the Kid’s tax obligations are far higher than most of his contemporaries who earn less, however his effective tax rate is lower than rappers who live and work out of New York or Los Angeles. In Georgia, Rich the Kid is paying tax of about 39%, after tax deductibles. In Los Angeles, that number would be closer to 46%.
After tax, it is estimated that his career earnings are at around $9.99 million, having paid $8.51 million dollars in taxes.
Rich the Kid was married to Antonette Willis and together they have two children. Willis filed for divorce, seeking full physical custody and also seeking spousal support; that was, shortly after Willis accused him of cheating on her with Blac Chyna and India Love. It seems that around $1 million dollars of his tax earnings will have gone (or are going) in the way of spousal and child support. His personal life has had other costs above and beyond what is normally expected for a recording artists, as well.
In 2018 Rich the Kid was hospitalized after a home invasion at his new girlfriend Tori Brixx’s home. In the police reports it includes mentions of firearms and demands for money, when Rich the Kid tried to confront one of the perpetrators he was beaten badly while the robbers made off with a “significant” amount of money and jewelry. That same year, Rich the Kid was in a UTV accident in Calabasas, CA, when he and his friend were driving in a Polaris RZR 4-wheeler. Then in 2019, Rich The Kid was robbed and shot at outside of the Westlake Recording Studio in West Hollywood, California
With a personal life like Rich the Kid’s it seems unlikely that he has had much time to properly manage his finances, including his investments. In fact, based on correlating individuals and their net worths, pairing the data with their lifestyles and losses that have been made public. It appears that Rich the Kid fits into a group that has incurred more losses overall of their career earnings than the average. Of course this data can be hazy at times but it does seem likely that Rich the Kid’s net worth may only be around $8 million dollars.
Summing-Up
Rich the Kid is known as the hardest working hip hop artist in Atlanta. The rising star began his career less than a decade ago and has quickly transitioned into one of the favorite rappers and record producers. As of now, from his winning record label, association with other labels, and acclaimed studio albums, he has earned a net worth estimated to be $8 million.
Apart from music, Rich the Kid is also a famous entrepreneur that has set up several businesses that have been highlighted by the prominent Forbes magazine. Besides Forbes, the hip hop artist has graced the covers of magazines such as XXL, Respect, and Office.
