Eminem net worth and how he spends his big money

Full nameMarshall Bruce Mathers III
BirthdayOctober 17, 1972
Age49
Eminem Net worth$230 million
Source of wealthMusic
Marital statusDivorced
EducationHigh school, dropout
ResidenceDetroit, Michigan, U.S.
NicknamesSlim Shady, Double M

Eminem is an American rapper with a net worth of about $230 million. According to Wealthy Gorilla, Eminem is the world’s 5th richest rapper and has made most of his fortune from music. He’s one of the best-selling music artists of all time having sold more than 220 million records globally.

The rapper also owns his own record label, Shady Records which helped launch the careers of artists like 50 Cent. Eminem was bullied in school and grew up in a rough neighborhood. He dropped out of high school to pursue a career in music. So how did the rapper start and how does he make and spend his millions?

Early life and education

Marshall Bruce Mathers III was born on October 17, 1992, in St. Joseph, Missouri to Marshall Bruce Mathers Jr. and Deborah Rae who were members of the band named Daddy Warbucks. After his parents separated, Eminem lived with his mother in Detroit, Michigan. They lived with family members and barely stayed in one house for more than two years.

The rapper spent most of his youth in Detroit in a predominantly black neighborhood where he was bullied severally by black youths. He attended Lincoln High School in Michigan and after spending three years in ninth grade due to poor grades from his absenteeism from school, he dropped out at the age of 17.

Career Beginnings and early struggles

Marshall began rapping at the age of 14 while in high school. He and his friend Proof would sneak into a neighboring school for freestyle rap battles. They would also attend open mic competitions on weekends.

In 1988, when he was 18, Eminem formed his first music group with DJ Butter Fingers and released a demo tape. The following year, they joined Bassmint Productions and changed their name to Soul Intent in 1992 with other rappers like Proof joining the group. In 1996 Eminem formed a group called The Dirty Dozen (D12) with Proof and four other rappers. He was later signed to F.B.T. Productions and recorded his debut album, Infinite in 1996, which turned out to be a commercial failure.

At the same time, the rapper had just had a daughter called Hailie Jade Scott Mathers with his girlfriend Kim Scott. He cooked and washed dishes for minimum wage at a restaurant at St. Clair Shores and worked for 60 hours a week to support his family. In March 1997 he was fired from his restaurant job and lived in his mother’s mobile home with Kim and Hailie. At one time he attempted suicide due to the struggles he went through especially after the commercial failure of his first album and trying to raise his daughter with little money.

eminem-childhood-home
Eminem’s childhood home in Detroit, Michigan

Related: Dr Dre net worth

Career breakthrough

In the Spring of 1997, Eminem recorded his debut EP, the Slim Shady EP which was later released by Jeff and Mark Bass’s record label, Web Entertainment. The rapper went to Los Angeles to compete in the 1997 Rap Olympics, an annual rap competition that attracts competitors from the whole of the U.S in which he placed second. Someone who worked for Interscope Records asked Eminem for a copy of his Slim Shady EP and sent it to the company’s chief executive who later played it for Dr. Dre.

Dr. Dre was so impressed by Eminem’s rapping talent and began working with him despite his partners slamming him for signing a white rapper. Eminem released his second studio album, The Slim Shady LP in February 1999 which became certified triple platinum and was one of the most popular albums that year.

In May 2000 the rapper released his third studio album, The Marshall Mathers LP which sold 1.76 million copies in its first week breaking records held by Britney Spears’ …Baby One More Time and Snoop Dogg’s Doggystyle for the fastest-selling hip-hop solo album by an American artist. His fourth studio album, The Eminem Show, released in May 2002 was also a commercial success selling more than 1.3 million copies in its first week. It also became the best-selling album of 2002 having sold 27 million copies globally.

Eminem has a net worth of $230 million. How does he make his millions?

Music

How did Eminem accumulate a net worth of $230 million? The rapper has made most of his fortune from music. In 2019, he was featured at #57 on Forbe’s list of the world’s 100 best-paid celebrities with earnings of $50 million. He made $23 million the previous year, $16 million in 2017, and about $11 million in 2016. He has earned more than $400 million from music in his career.

Eminem is one of the best-selling music artists of all time with estimated global sales of more than 220 million records. Celebrity Net Worth reports that in a typical year, the rapper makes about $20 million and around $50 million when touring to support an album. His 2014 Rapture tour in support of his eighth studio album, The Marshall Mathers LP 2 grossed about $40 million from 8 shows. Eminem also co-headlined The Monster Tour together with Rihanna in 2014. It was one of North America’s highest-grossing tours that year generating $36 million from only six shows.

According to Chicago Tribune, Eminem made a whopping $158.3 million from his album sales in 2002. Three of his albums “The Eminem Show” at #1, “8 Mile” at #5, and “The Marshall Mathers L” at #182 were featured in the top 200 that year. They sold 7.6 million, 3.5 million, and 455,000 copies respectively. Going by an average price of $13 for every album, Eminem made about $150.8 million from album sales alone.

Like every other artist, Eminem also makes money from digital streaming platforms such as Apple Music and Spotify. As of May 2022, Eminem had 51.34 million monthly listeners on Spotify. He’s one of the 20 artists with the most monthly listeners on the platform. Artists receive about $0.005 in royalties for every stream. He’s also the 6th most followed artist on the music streaming service with 55.45 million followers. According to Siachen Studios, Eminem’s “Love the way you lie” featuring Rihanna is the second most viewed rap music video of all time on YouTube with over 2.3 billion views.

Endorsements and other ventures

Slim Shady also makes money from endorsements. In the 2011 edition of the Super Bowl XLV, he appeared in two commercials, one for Lipton’s Brisk iced tea and in a second one for Chrysler 200. The rapper owns Mom’s Spaghetti restaurant in Detroit which is a reference to the lyrics “His palms are sweaty, knees weak, arms are heavy, there’s vomit on his sweater already, mom’s spaghetti” from his 2002 song “Lose Yourself”. The restaurant launched in 2021.

Eminem owns Shady Records, an American record label that he co-founded alongside Paul Rosenberg in 1999. Some of the label’s current acts include 50 Cent, Slaughterhouse, D12, Stat Quo, and Cashis among others. The rapper is also an actor and has featured in films such as The Interview (2014), Funny People (2009), and Jumper (2008). He’s an author and has published books such as Angry Blonde, a non-fiction book highlighting a commentary of several of his own tracks.

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Eminem has a net worth of $230 million. How does he spend his millions?

Real estate

In 2000, Eminem bought an 8,900 square foot home in Clinton Township, Detroit for $1.48 million which currently acts as his main residence. Little is known about the rapper’s home, which was built in 1996. He also owned another home in Rochester Hills, Detroit that he purchased back in 2003 for about $4.75 million.

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Eminem’s 8,900 square foot mansion which is his main residence. He bought it back in 2000 for $1.48 million

The property, nicknamed “Kmart mansion” belonged to the former chairman of Kmart, Charles Conaway. It sits on 5.6 acres of land and features six bedrooms, 10 bathrooms, a guest house with a game room, a waterfall pool, tennis and basketball courts as well as a spa. In 2017 the rapper listed the property for $1.9 million. His childhood home was a 767-square-foot wooden home that his mother purchased for $19,900 in 1987.

Cars

Slim Shady is the proud owner of several high-end vehicles. He owns a $400,000 Lamborghini Aventador, a $200,000 Porsche 911 GT3 RS, a limited edition of Ferrari 575 worth about $200,000 (only 2000 units were ever made), and a Porsche Carrera GT worth more than $450,000. The model is so rare that only 1,270 units were ever made. He also owns an Aston Martin V8 Vantage which goes for about $150,000, a Cadillac Escalade, Hammer H2, The Dodge Super Bee, a Ferrari 430 Scuderia, Mclaren MP4-12C as well as an Audi R8 Spyder.

Bling

Eminem is a lover of bling. You will often spot him with a Rolex President Day-Date worth about $30,000, or the Audemars Piguet Royal Oak Perpetual Calendar Skeleton 258290R worth about $120,000. He also has a silver triangle pendant necklace that reportedly cost him about $100,000.

Charity work

Slim Shady runs and donates to the Marshall Mathers Foundation, a charity that he founded to help the less fortunate and at-risk youth primarily in Detroit, Michigan, and its surrounding communities.

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Achievements

Eminem has won many accolades including 17 Billboard Music Awards, 15 Grammy Awards, eight American Music Awards, an MTV Europe Music Global Icon Award, and an Academy Award. He has had thirteen number-one albums on the Billboard 200 which all consecutively debuted at number one on the chart making him the first artist to do so.

Slim Shady has also had five number-one singles on the Billboard Hot 100. Billboard named him the “Artist of the Decade (2000-2009)”. In 2015, Eminem was placed third on Billboard’s list of “The 10 Best Rappers of All Time”. Spotify named him the most-streamed music artist of all time in 2014.

Family and relationships

Eminem was married twice to Kimberly Anne “Kim” Scott. They began dating in 1989 when Eminem was 15. Kim and her twin sister Dawn had moved in with Eminem and his mother after running away from their home. Eminem and Scott got married in 1999 and divorced in 2001. They remarried in January 2006 and divorced again in April 2006.

Eminem is a father of three daughters, one biological and two adopted.  Hailie Jade Mathers, 26, is his biological daughter. She’s a social media influencer. His other daughter is Alaina Marie Mathers, the biological daughter of Dawn Scott, Kim’s (ex-wife to Eminem) twin sister.

The rapper and his then-wife Kim adopted her at a young age when her mother was struggling with drug abuse. Stevie Laine is Slim Shady’s third daughter. She’s the biological daughter of Kim and Eric Hartter, the man that Kim dated when her marriage with Eminem ended in 2001. After they reconciled Eminem adopted Stevie.

Conclusion

Eminem has a net worth of $230 million and is one of the most successful rappers on the planet. He makes most of his money from music and is one of the best-selling artists of all time. Finally here are some quotes by Eminem

  • “The truth is you don’t know what is going to happen tomorrow. Life is a crazy ride, and nothing is guaranteed.”
  • “Everybody has goals, aspirations or whatever, and everybody has been at a point in their life where nobody believed in them.”
  • “I was poor white trash, no glitter, no glamour, but I’m not ashamed of anything.”
  • “If people take anything from my music, it should be motivation to know that anything is possible as long as you keep working at it and don’t back down.”
  • “Before I was famous, when I was just working in Gilbert’s Lodge, everything was moving in slow motion.”

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