Wack 100 made headlines again when he made certain claims against Master P, whose real name is Percy Robert Miller Sr., during a conversation at the Clubhouse on Jan. 17.
A snippet of the conversation shows the music executive calling Percy “broken” and recalling that he lost his masters two decades ago, which would have led to his financial ruin. He then congratulated Nick Cannon on his success and claimed Percy didn’t have 20% of Nick’s money.
Here’s what Jones said in the audio clip:
“First of all, he don’t own his masters, they took them eighteen years ago. You think that nigga sell noodles? The feds took his catalog, bro, real money. I say to myself, “How are you [Master P] talk to that nigga about what he doin’ and you ain’t no place, my nigga. You can’t even stay with this man on a bad day. Who are you bro to talk to that nigga about his business decisions and your business decisions haven’t been right for almost 20 years!?”
He added: “Pain was never baby. P never had in his life the kind of money that baby had” while someone was trying to compare him to Bryan “Birdman” Williams.
Wack’s claims led to lengthy discussions online where people tried to defend Percy, and others simply reacted to the comments without taking sides.
Master P’s net worth explored
Born in New Orleans, Louisiana, USA, Master P is best known as the founder of the label No Limit Records. It was later relaunched as New No Limit Records, Koch Records and Guttar Music Entertainment, and is currently called No Limit Forever Records.
According to CelebrityNetWorth, the 51-year-old’s net worth is estimated to be around $200 million. Besides being a successful personality in the hip-hop community, he is one of the richest rappers and entrepreneurs in the world.
Career as an entrepreneur
The rapper first opened a record store called No Limit Records in Richmond, California. He then built a huge empire by investing in several companies and investment firms from different industries.
He then invested the wealth he earned from his company No Limit Records in a travel agency, Foot Locker outlet, real estate, stocks, movies, music, television production, toy manufacturing, telecommunications, etc.
The record executive’s sports management agency, No Limits Communications, has also been successful alongside his conglomerate, No Limit Enterprises.
Master P’s real estate investment and management company, PM Properties, controls approximately 100 properties in the United States. According to Black Enterprise magazine, No Limit Enterprises had sales of $110 million in 1998.
the horror movie 3 star is the owner of his line of drinks, “Make ‘Em Say Ughh!” Energy drinks. He then founded a cable television network called Better Black Television in 2010.
The artist also earns a lot of money from an old music distribution deal signed with Priority Records in 1996.
The agreement stipulates that No Limits Records will retain full ownership of its master recordings and retain 85% of its record sales, while offering a 15% priority return for pressing and distribution, allowing No Limits to take advantage of future sales such as catalogs and reissues.
After signing his contract with Priority Records, he branded his albums and cross-promoted his artists and albums on album covers. He offered 20 songs for each album compared to others who offered 15 or less.
Miller also made sure his artists were on top of SoundScan after their albums were released and used inexpensive videos to promote his artists. His record labels have sold approximately 75 million records through his innovative marketing and branding strategies.
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Percy presided over a business empire that included his conglomerate, No Limit Enterprises, as founder and CEO of No Limit Entertainment. He also manages the music, film and TV career of his son, Romeo Miller, alongside pop star Forrest Lipton and rapper Gucci Mane.