Eminem is one of those people who have started from ground zero and have touched the heights of success with his talent and hard work. In the music industry, especially on the rapping side, he is known as the rap god.
Eminem Net Worth as of 2020 is $230 million.
This net worth is calculated considering his finances. In today’s world being healthy is very important and should be considered as part of a person’s net worth.
Considering the current health of the American rapper, his net worth is way more than $230 million. But for now, let’s breakdown his net worth, while talking about his life and achievements.
Eminem is also known as Marshall Mathers and was born on October 17, 1972, in St. Joseph Missouri. It is known that his father abandoned his family very soon and moved to California.
One website reveals that he often wrote letters to his father, but he never received a response. That’s actually sad and if a person succeeds after going through what Eminem has been through, that person is no less than a legend.
A child without a father being around and a mother struggling with substance abuse is the worst-case scenario in a child’s life. He had a hard time making friends during school time and was often bullied by people.
One guy named D’Angelo Bailey crossed the limit of bullying and harshly injured Eminem’s head in an assault.
You know, there’s one very interesting thing about Eminem. And probably it resonates with almost everyone, whether they are successful or not. It’s that he did not want to be a singer. He dreamed of becoming a comic book artist. Most of us become what we never thought of becoming.
And so destiny has something else in stores for the singer and song-writer. So it (Destiny) brought a soundtrack in his life through his half-brother Ronnie. It was a soundtrack from the movie Breakin the song is called Reckless by Ice-T.
He got inspired by the track and changed his dream from being a comic book artist to becoming a singer, a rapper to be exact. Now almost all of the rappers have persona’s and Eminem also needed one.
At the age of just 14, he adopted the persona “M&M”. Then he took a legendary decision of dropping out of school at 17 and participated in various freestyle rap battles.
His journey is shown in the movie 8 Mile, which features various rap battles.
Initial Beginnings of Eminem (Net Worth)
Earning the recognition and respect from local areas isn’t easy for anyone. But he achieved that at an early age in the local Detroit area hip-hop scene. And like various groups in various industries in our society, the music industry also had groups.
He had to join one, so he chose Bassmint Productions, which was later called Soul Intent. He was well-known in the town but wasn’t successful at the national level. While working as a dishwasher and cook he recorded music with FBT Products and Mashin’ Duck Records.
And when you do this kind of hard work, success is not far away. So time to release his first album has arrived. It was called Infinite and got released via Web Entertainment record company in 1996.
Becoming Slim Shady
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M&M persona was somehow not fitting in with the songs he wanted to write and sing. So he changed it to Slim Shady. This new persona helped him as an artist to pour out his emotions and thoughts about things he wanted to highlight. So our Slim Shady rapped about murder, rape, violence, drugs, and s*x.
So on December 16, 1997, he released Slim Shady EP – Extended play via record label Web Entertainment.
Meeting Dr. Dre and Gaining More Popularity
The Source magazine featured Eminem in an unsigned hype column in March 1998. It’s not said for no reason that before something amazing has to happen, something terrible happens too. And mostly that’s a test.
It happened with Eminem too. The rapper was evicted from his home, because well, on a positive note, destiny has bigger plans for him.
He decided to travel to Los Angeles and compete in Rap Olympics.
In the competition, he placed second which was enough to get the attention of a staff member of the Interscope Records company.
He then contacted the CEO of his company, whose name is Jimmy Lovine.
As being at the position where Lovine was, he found the best person who would be interested in the songs of Eminem, It was Dr. Dre.
When Dr. Dre listened to Eminem’s demo his reaction was explosive in a positive way. According to Celebrity Net Worth website, here’s the reaction of Dr. Dre.
“I was like: what the f*ck!?, and who the f*ck is that? In my entire career in the music industry, I have never found anything from a demo tape or a CD. When Jimmy played this, I said, ‘Find him. Now.'”
Eminem then signed a contract with Aftermath Entertainment and re-recorded and polished The Slim Shady EP with Dre as Executive Producer.
It requires a great amount of talent for something or any product to become a commercial and critical success. Which was filled in this re-recorded album. It was time for Eminem to touch the stars, and the album got certified as 4X Platinum in the USA alone.
Eminem also received a Grammy award for the best rap album.
Next Albums and Great Numbers
His next albums did even better and that makes a huge contribution to Eminem’s Net Worth. The fastest-selling hip-hop album in history The Marshall Mathers LP was released in May 2000.
More than 21 million copies of this album were sold. Two years later he dropped the next bomb. It was his album The Eminem Show which sold above 27 million copies. It was the fourth studio album by Eminem.
As of now, Eminem has sold more than 100 million albums worldwide. Which makes him one of the greatest singers of all time.
The Great Achievements of Eminem
There are so many amazing achievements registered in the name of Eminem and that adds value and dignity to his net worth and personal life.
Eminem is the best-selling music artist of all time with over 220 million records in global sales. His ten albums were reached at the top of Billboard 200 as number-one albums.
Based on various studies he was the best-selling music artist between 2000 and 2009 in the United States of America. When you look at that number, you say, holly molly that’s almost a decade.
It’s just amazing to achieve something like that.
He holds the title of most-streamed artist of all time. Which was announced by Spotify in 2014. 15 Grammy awards, several AMA awards, and various Billboard Music Awards, you name the highest ranked award in the music industry and Eminem has got it. Not once but multiple times.
He has even won an Academy Award for Best Original Song for his song Lose Yourself which was co-written by Luis Resto and Jeff Bass.
Eminem became the first rapper to receive the Oscars award.
By the magazines and trendy websites, he has been named as The Best Rapper Alive and King of Hip-Hop.
Among his fans, Eminem is also known as the Rap-God.
— Marshall Mathers (@Eminem) January 17, 2020
Artists That Got Influenced by Eminem
It a great to influence someone. He influenced a lot of artists who are very successful today. Naming some of them here, Big Sean, Ed Sheeran, Lil Wayne, Frank Ocean, Skylar Grey, Nicki Minaj, Usher, Kendrick Lamar, and many more.
This list is long, and that makes Eminem a living legend.
Real Estate of Eminem That Adds to His Net Worth
The primary residence of Eminem throughout the years is in Clinton Township, Michigan. He bought this 8,900 square-foot home in the year 2000. He purchased it for $1.483 million.
Three years after that he bought another home but he barely lived there. It was the home of former Kmart CEO. It was 15,000 square feet home and he spent $4.8 million to acquire it. Later in the year 2017, he sold it for $1.9 million.
The property was eventually not profitable for the rapper.
For 14 long years, Eminem owned a mansion in the Rochester Hills section of Detroit.
Currently, he owns one house that’s where he lives, the one he bought in 2000.
Summary or Conclusion
Eminem’s net worth is $230 million and it will only increase over the years. He has sold over 220 million records worldwide over the years.
Generated millions of dollars of revenue via his record company. He only owns one house though, which I think is sufficient for living.
To this date, his earnings have surpassed the number of $450 million.