ASAP Rocky, renowned for his impactful rap career, boasts a net worth of $20 million as of 2021.
His influence extends beyond music, encompassing roles as a record producer, fashion icon, actor, and entrepreneur, collaborating with some of the industry’s biggest names.
How did he ascend to such eminence and affluence, and how does he manage his finances?
In this piece, we delve into ASAP Rocky’s financial standing, career trajectory, revenue streams, assets, investments, and lifestyle.
Who is ASAP Rocky?
ASAP Rocky, born Rakim Athelaston Mayers on October 3, 1988, in Harlem, New York City, emerged from a challenging upbringing.
His father’s incarceration due to drug dealing, the tragic loss of his older brother in a shooting, and the periods spent in homeless shelters marked his upbringing.
He embarked on his rap journey at the tender age of eight, drawing inspiration from Rakim, a revered MC.
Joining the hip hop collective ASAP Mob in 2007, the acronym signifying “Always Strive and Prosper.”
ASAP Rocky’s Career
ASAP Rocky’s rise to fame commenced in 2011 with the release of his debut mixtape, titled “Live. Love. ASAP,” which garnered critical acclaim and buzz online.
A $3 million record deal with Sony Music Entertainment and RCA Records followed, leading to the establishment of his own label, ASAP Worldwide.
His debut studio album, “Long. Live. ASAP” (2013), soared to the top of the Billboard 200 chart, featuring chart-toppers like “F**kin’ Problems” and “Wild for the Night”.
Subsequently, his second album, “At. Long. Last. ASAP” (2015), achieved similar success with hits including “LSD” and “Everyday”.
The experimental third album, “Testing” (2018), embraced diverse sounds and collaborations with notable artists like Frank Ocean, Kid Cudi, Skepta, and FKA Twigs.
ASAP Rocky’s collaborative ventures extended to luminaries like Drake, Kendrick Lamar, Rihanna, Lana Del Rey, Tyler the Creator, Juicy J, The Weeknd, Roddy Ricch, and more.
His musical achievements encompass a range of accolades including a BET Award, two BET Hip Hop Awards, an MTV Video Music Award Japan, an MTVU Woodie Award, and two Grammy Award nominations.
ASAP Rocky’s Net Worth
As per Celebrity Net Worth, ASAP Rocky’s fortune is estimated at $20 million as of 2021.
This valuation draws from his income streams:
- music sales, concert earnings.
- streaming royalties.
- merchandise sales.
- acting roles.
- entrepreneurial endeavors.
He ranks among the elite echelon of wealthy rappers, alongside names such as:
- Kanye West.
- Lil Wayne.
ASAP Rocky’s Net Worth Growth Rate
ASAP Rocky’s financial standing has consistently grown over the years, mirroring his prolific musical output and expanding brand. According to Forbes, his earnings were:
- $5 million (2013)
- $5.5 million (2014)
- $6 million (2015)
- $14.5 million (2016)
- $13 million (2017)
- $6 million (2018)
- $6 million (2019)
- $10 million (2020)
This trajectory fluctuated based on album releases, tours, endorsements, and investments. Despite legal issues and controversies, he upheld a stable income and wealth profile.
ASAP Rocky’s Annual Earnings
While specific details of ASAP Rocky annual income remain private, estimation is viable through various revenue channels.
As per Forbes, he accrued $10 million in 2020, averaging $833 thousand per month or $27 thousand per day.
His primary earnings stem from music, spanning album sales, streaming royalties, concert proceeds, merchandise transactions, and featured collaborations.
Further income channels encompass endorsements with brands like:
- Dior Homme.
- Calvin Klein
- Under Armour
- Courvoisier Cognac
- Guess Originals
- JW Anderson
- Creative agency AWGE.
Acting roles in films such as:
- Dope (2015).
- Zoolander 2 (2016).
- Popstar: Never Stop Never Stopping (2016).
- Monster (2018).
- All Rise (2018).
- Have a Good Trip: Adventures in Psychedelics (2020).
- Stockholm Syndrome (2021)
Have contribute to his financial inflow.
Business initiatives encompass his 2013-launched clothing line, ASAP Rocky Clothing, and his investment in Klarna, a Swedish fintech offering buy now, pay later services.
ASAP Rocky’s Multifaceted Income Streams
To elaborate, ASAP Rocky is revenue streams encompass music, endorsements, acting, and business ventures. In 2020, the breakdown approximates:
- Music: $6 million
- Endorsements: $2 million
- Acting: $1 million
- Business: $1 million
ASAP Rocky’s Holdings and Investments
ASAP Rocky possesses a portfolio of holdings and investments that bolster his net worth and lifestyle.
His assets include a lavish Beverly Hills mansion acquired for $15 million in 2020, boasting six bedrooms, eight bathrooms, a pool, spa, fire pit, guest house, and four-car garage.
Additionally, he owns a London penthouse, rented at $20 thousand monthly.
His fleet of luxury cars comprises a Mercedes-Benz G-Wagon, Lamborghini Aventador, Ferrari 488 GTB, and Rolls-Royce Wraith.
ASAP Rocky allocates funds to various ventures.
He holds a stake and serves as interim CEO of Klarna, an investment initiated in 2021.
Further, he spearheads AWGE, a creative agency collaborating with artists like Playboi Carti, Tyler the Creator, Lil Yachty, among others.
His philanthropic engagement encompasses support for Black Lives Matter, African education initiatives, and mental health awareness campaigns.
ASAP Rocky’s Stature and Physique
ASAP Rocky’s stature, combining youth, charisma, and intelligence, underscores his charming and striking persona.
His robust, muscular build showcases notable body measurements and a distinctive rhomboid physique.
Standing around 5 feet 10 inches in height, his body weight approximates 74 kg.
His aesthetic is further highlighted by dark brown eyes, black hair often styled in braids or dreadlocks.
ASAP Rocky stands as a preeminent figure in the rap realm, boasting a net worth of $20 million as of 2021.
His financial prosperity emanates from a multifaceted career encompassing music, endorsements, acting, and entrepreneurial ventures.
Beyond that, he dons the hats of a fashion influencer, creative director, investor, and philanthropist.
Alongside his partner Rihanna, a fellow luminary in the celebrity world, he enjoys a luxurious lifestyle with possessions spanning a Beverly Hills mansion, a London penthouse, and a fleet of luxury vehicles.
His dedication to his craft, heritage, and causes positions him as an inspiration to aspiring artists and entrepreneurs striving to actualize their aspirations.