How did Eminem get so rich?

[TheAstonMartian]

I heard it had something to do with mutual funds as well. Many singers, rockstars, and so forth do not get paid fully and only revenues based on the record deals. That's how Virgin Records is so profitable.

However, I never really understood what or how mutual funds actually work. I know what bonds are and stocks are, but never understood mutual funds. Does Eminem have his own stock symbol?

Thank you.

 

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[wade1mil]

No idea how Eminem gets paid, but here are some videos on mutual funds.

Khan Academy

 

[G-man422]

It boils down to the Fastlane mentality outlined in the book. Marshall Mathers probably took his money he earned and put it into mutual funds to preserve his wealth. Like MJ touched on in the book, stocks, mutual funds, IRAs, etc are all wealth preservation tools, not wealth creation tools.

As far as mutual funds, they are basicaly a grouping of stocks which allows a person to buy a single fund with the diversification already built in.

 

[Anon3587x]

Instead of talking s*** about other peoples mamas, he talked s*** about his 'own' mama.
thats the trick

 

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[Graves]

Many singers, rockstars, and so forth do not get paid fully and only revenues based on the record deals.

This is why he's rich

 

[Ogden Rattliff]

I remember one of the early interviews that Baby and Lil Wayne gave when they were first getting into the hip
hop business. They invested early in mutual funds, stocks, and bonds. That and popular music makes them rich
today.

 

[MJ DeMarco]

OMG it had nothing to do with mutual funds. The post on FB was a sarcastic joke.

 

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[SuccessInMind]

OMG it had nothing to do with mutual funds. The post on FB was a sarcastic joke.

Basically, millions love Eminem and his music enough to buy it and he gets royalties from the purchases. He also makes a lot of money when he's on tour. It's not uncommon for rappers to earn $10,000+ from a single concert, but with Eminem's reputation he probably earns somewhere around $100000 per concert.

 

[911Carrera]

I heard it had something to do with mutual funds as well. Many singers, rockstars, and so forth do not get paid fully and only revenues based on the record deals. That's how Virgin Records is so profitable.

However, I never really understood what or how mutual funds actually work. I know what bonds are and stocks are, but never understood mutual funds. Does Eminem have his own stock symbol?

Thank you.

Yes, he invested in mutual funds throughout his 20s, 30s, 40s, 50s, 60s, that's why he's so rich at 70. It's impossible for a popular artist reaching million to get rich without mutual funds. Come on dude, get real.

 

[lleone]

It's definitely not mutual funds! It's royalties, concerts, but most importantly a lot of licensing in a lot of different areas (software, clothing, merchandising). He has very savvy people behind him.

By the way, most wealthy people don't own mutual funds for one specific reason. Mutual funds generate taxable profits every year. Those profits are taxed and you have to pay those taxes even though you haven't sold one share of the fund. Wealthy people will have managed funds diversified by purchasing the actual stocks. This way they don't generate unnecessary taxes at the end of the year.

 

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[deSeingalt]

Is this a serious question? He is one of the best selling artists of all time...

 

[biophase]

I heard that he bought $10000 worth of Apple options in 1991.

 

[DeletedUser394]

Went from having a comment, to no comment.

Trolololol.

 

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[buckmajor]

Yep royalties. I use to buy his albums and a millionaire other people before mp3 downloads came in effect. Now people can download music for free (not me)

 

[Russ H]

Sometimes, I read a thread . . .

. . . and when I get to the end, I wonder why I just spent the time reading it.

-Russ H.

 

[Likwid24]

Sometimes, I read a thread . . .

. . . and when I get to the end, I wonder why I just spent the time reading it.

Hahaha I was thinking the same exact thing then I got to your post. LMAO

 

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[TheAstonMartian]

No, it's just that I must have read somewhere that he was a Fastlaner. A lot of people make good music, but Eminem made a ton more money. I guess he just kept it old school and worked with the brand he created.

 

[DeletedUser394]

Seeing as no one has answered your question exactly..

Taken straight from wiki:

'Eminem is one of the best-selling artists in the world and is the best selling artist of the 2000s.[2] He has been listed and ranked as one of the greatest artists of all time by many magazines including the Rolling Stone magazine which has ranked him 82nd on its list of The 100 Greatest Artists of All Time.[3] The same magazine has declared him The King of Hip Hop.[4] Including his work with D12 and Bad Meets Evil, Eminem has achieved ten number one albums on the Billboard 200. He has also sold more than 33 million track downloads and 40.9 million albums in the United States alone.[5]

Eminem has opened other ventures since the beginning of his success. He founded his own record label, Shady Records with his manager Paul Rosenberg. He also has his own radio channel, Shade 45. Eminem began an acting career in 2002, when he starred in the hip hop drama film 8 Mile in which he won the Academy Award for Best Original Song, becoming the first rap artist ever to win the award.[6] He is also set to star in the 2013 films Shady Talez and Have Gun, Will Travel. He has also made cameo appearances in The Wash (2001), Funny People (2009) and television series Entourage.'

---------------------------------------------------

In a nutshell, that is how he got so rich... lol at mutual funds having anything to do with it.

 

[Sky]

I've been following Eminem for awhile, his music and his career but the main catalyst to his career is when he met and signed on with Dr. Dre. Eminem was a exceptional rapper and artist but as with MJ's example of effecting people, he could only reach the people of his hood and neighboring cities. Dr. Dre gave Em the ability to reach millions with his own status in hip hop music as well as give him exclusive beats, which by industry standards is quite rare and expensive.

Under the tutelage of Dre, Em made another milestone in his business career by signing a New York rapper to his newly created label, Shady/Aftermath. You might know him as Curtis Jackson aka 50 cent. I think, IMO, during this time Em realized that writing and rapping wasn't where the money was. Using MJ's example again, there are only so many hours in a day, so many raps in a song, so many words you can say in a 5 minute song. Dre probably taught Em the business in which to acquire new talent, give them the shine they need to be successful and gain public attention, and in return, make high percent profits off the record sales, media sales, and ad campaigns. 50 cent, in turn following Em's model, created G-unit records and his own hip hop corporation which allowed him to leverage his profits (another MJ principle) in purchasing Vitamin water and later re-selling it to Coco-cola for a cool 100 million after taxes.

Em talks about he doesn't like to sell out and I respect him for that but I think after all that he has gone through like losing his best friend, recovering from drugs, and ins and outs with his exwife, he has started to become more aware of himself as an icon. He was named King of Hip Hop by rolling stone. He has recently done commericals for brisk ice tea and Chrysler. In a interview I saw awhile ago, they asked Em what his goals were and I think he said saving money. So yeah.

If you're asking to how to be rich like Eminem or how did he do it:

1. Have a really messed up childhood with alot of pain and grief
2. Be able to tell a good story
3. blend your story into 16 bars of rap
4. hone your rap skills with hours and hours and hours in the mirror
5. write down your raps and study other rappers form of delivery
6. listen to a ton of hip hop
7. go to hip hop battles and go at it. have a persona. This will give you "street cred"
8. make mixtapes and give them away for free or youtube channel
9. get signed to a record label. use that time to perfect your skills and learn the business
10. create your own record label
11. invest the profits in yourself or business
12. find another young hungry rapper to sign and repeat.

*Recommended: watching 8 mile or reading the 50th law by 50 cent.

Holla.

 

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[rc08234]

Dre owns Eminem, Eminem owns Shady Records and 50 cent, who owns G unit

 

[The Abundant Man]

I heard it had something to do with mutual funds as well. Many singers, rockstars, and so forth do not get paid fully and only revenues based on the record deals. That's how Virgin Records is so profitable.

However, I never really understood what or how mutual funds actually work. I know what bonds are and stocks are, but never understood mutual funds. Does Eminem have his own stock symbol?

Thank you.

Everyone knows that he went Hi Hop/Rap University. Graduated Magna Cum Laude. Got an Internship at Eminem Records and have been working there. Gets paid over 60k-100k a year. He invests 10% into his 401k/IRA so he can retire at 65 years old. He follows Dave Ramsey religiously thinking he'll get the Hip Hop life if he does so.

 

[Castillo]

Everyone knows that he went Hi Hop/Rap University. Graduated Magna Cum Laude. Got an Internship at Eminem Records and have been working there. Gets paid over 60k-100k a year. He invests 10% into his 401k/IRA so he can retire at 65 years old. He follows Dave Ramsey religiously thinking he'll get the Hip Hop life if he does so.

talk about opening up an old a$$ thread lol

 

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[minivanman]

I thought he made all the other M's his ho's. Then eventually most of them got pregnant and they had lil Reese's Pieces and he also makes royalties off each of them..... no?

 

[Niptuck MD]

because "dr dres locked up in his basement" thats why

 

[lowtek]

Thread necro +1

 

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[Fastlane Liam]

hello 2011

 

[Nmm540]

Its the same way most rappers make money theses days. Touring. Cardi B makes 70,000 a during coachella. Beyonce gets 3 million. Im sure eminem is pulling 100,000 or more a day at large shows back in the day. Up in smoke make 160,000,000 in revenue, anger management made half a billion. He has his own record label with dre shady/aftermath. His own channel on sirius xm. His clothing line, royalities from CDs and mp3 sales. Hes affected hundreds of millions so he has made 100s of millions. i bet eminem doesnt even understand the slightest bit about stocks.

 

[Jason Reign]

at first because the music industry has changed, he made most of his money in album and cd sales. as those sales dont mean anything anymore since everything can be pirated. its all about touring. plus other ventures where he can use his personal brand to sell something like clothing.

 

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[ChrisV]

Yea Eminem got wealthy off mutual funds. He’s an avid investor.



















Lmao.














Dude he’s one of the most successful musicians of all time. How he got rich is self explanatory.

 

[Mattie]

This is why he's rich

I have to agree with this. My half-brother is touring around right now with a new band, and his band manager talks about how the bands get cheated somewhat in venues, advertising, and marketing. He just started touring this summer, so I don't know much about his fiances.