Eminem Net Worth
Eminem Net Worth: $140,000,000
Sources: Shady Records, D12, Bad Meets Evil, Lipton, Chrysler, Sirius XM Radio, Imagine Entertainment, Dutton Penguin Publishing
Eminem aka Slim Shady aka Marshall Bruce Mathers III is a rapper, record producer, and actor with a net worth of $140 million. He was born in St. Joseph, a suburb of Kansas City, Missouri, but spent much of his early life moving around with his single mother, and eventually settled in Detroit, Michigan.
A man who would later be named the King of Hip Hop by Rolling Stone Magazine, Eminem came from humble beginnings. He first made a name for himself at age 14 as a minority white kid entering rap battles in Detroit. His reputation for solid lyrical skills eventually led to his recruitment by several rap groups. After a brief stay with the New Jacks, he was picked up by another rap group, Soul Intent. They released a single in 1995 that featured rapper Proof, whom Eminem struck up a friendship with. Later, Proof and Eminem would break off to form their own group, D12.
During this time, Eminem was holding down minimum wage jobs as a cook and a dishwasher to keep himself afloat, and also working on his first solo album. This album, “Infinite,” was released in 1996, but garnered mixed reviews from critics. The next year, D12’s released their first EP, “The Underground EP.” Then, in 1997, came Eminem’s first real breakthrough: “The Slim Shady EP.” This release caught the attention of Jimmy Iovine, head of Interscope records, signed Eminem and appointed Dr. Dre as executive producer for Eminem’s next album, “The Slim Shady LP.” This album would earn Eminem a Grammy for best rap album in 1999, and also marked the beginning of Eminem’s longstanding relationship with Dr. Dre.
In that same year, Eminem also started his own record label, called Shady Records. In 2000, Eminem’s Interscope album, “The Marshall Mathers LP,” sold almost two million copies in its first two weeks. Soon after, he reunited with D12 for a tour, and released a full-length album with them in 2001.
After these successes, Eminem continued to expand his career, touring, selling millions of albums, and releasing the critically acclaimed film “8 Mile.” Following the release of his fourth album “The Eminem Show” in 2002, the star had already made over $29 million. His career, however, soon ran into trouble.
Although 2002’s “The Eminem Show” and 2004’s “Encore” were both successes, Eminem began to retreat from the spotlight in the early 00’s, and eventually ended up in rehab. His life was complicated by his on-again, off-again relationship with his girlfriend (now ex-wife) Kim, as well as several feuds with other rappers and music industry professionals. These feuds started in 2000, when 50 Cent, who was signed to Shady Records, was attacked by members of rival record label Murder, Inc. This later led to a rivalry between Shady Records and The Source Magazine over their coverage of the issue.
Then, in 2003, a fight between Eminem’s best friend Proof, and Eminem’s former friend Royce da 5’9’’, led to a long and public feud between D12 and Royce. This rivalry later ended, but not until after Proof was shot and killed at a Detroit nightclub on 8 Mile Road in 2006. Proof’s death was the result of a fight that broke out over a game of pool. Royce attended Proof’s funeral, and Eminem was later quoted as saying: “I think after we lost Proof we realized how stupid this beef shit is.”
After this, Eminem basically disappeared from the spotlight. After three years, however, Eminem mounted a successful comeback with the 2009 album “Relapse,” which went platinum. He followed that up with the release of “Recovery” in 2010, which sold 5.7 million copies worldwide and earned him 10 Grammy nominations. He has now been named the most commercially successful recording artist of the ‘00s with over 32 million albums sold, and was named Billboard Magazine’s 2009 Artist of the Decade.
While this artist has remained mostly non-commercial for the bulk of career, his work has spawned a number of other ventures including his record label, his semi-autobiographical film “8 Mile,” several musical collaborations, multiple acting appearances, a book release, and a satellite radio channel. In 2011, Eminem ended his non-commercial streak by appearing in two television ads during Super Bowl XLV. Here are some of the ways that he has built up his net worth over the years:
Eminem started Shady Records with his manager Paul Rosenberg in 1999. Their first major success was the release of D12’s “Dirty Night” in 2001, which hit number one on the Billboard 200. They followed up that success with the discovery and signing of 50 Cent, whose 2003 release “Get Rich or Die Tryin” became the fastest selling debut in U.S. history. The label is now home to Eminem, D12, 50 Cent, Bad Meets Evil, Slaughterhouse, and Yelawolf. The label also released the soundtrack to “8 Mile.”
After some moderate success in the late ‘90s, D12 went on hiatus while Eminem launched his solo career. Bolstered by Eminem’s newfound success, their 2001 reunion raised their status to that of an all-star hip-hop group. After Proof’s death, the group went on hiatus again, but returned in 2008 and 2011 with two mixtapes called “Return of the Dozen” Volumes 1 and 2. Eminem, however, only appeared on one song on “Return of the Dozen Volume 2,” and wasn’t present at all on Volume 1. Recent years have seen the departure of two members: Bizarre and Mr. Porter. The future of the group is currently in question, with unconfirmed rumors of a possible new album circulating.
Bad Meets Evil
Bad Meets Evil is a collaboration between Royce da 5’9″ (“Bad”) and Eminem (“Evil”). Eminem and Royce first collaborated in 1999, when Royce was featured on “The Slim Shady LP.” The duo released two singles in 1999: “Nuttin’ to Do” and “Scary Movies,” the latter of which was featured in the 2000 film “Scary Movie.” During Royce’s feud with D12, Bad Meets Evil broke up, but the two came together again in 2011 and released the EP “Hell: The Sequel,” which charted at number one and was certified gold.
The semi-autobiographical film “8 Mile” has been hailed by critics as the “ultimate crossover,” and won Eminem an Oscar for the song “Lose Yourself.” This made Eminem the first rap artist ever to win the Academy Award for Best Original Song. The film was directed by Curtis Hanson, who was best known at the time for his work as director of the Oscar-nominated “L.A. Confidential.” Also starring in the movie were Mekhi Phifer, Brittany Murphy, Taryn Manning, and Kim Basinger. “8 Mile” opened at number one at the box office, and made $51,240,555 on its opening weekend. The film would eventually gross $242,875,078 worldwide, and continues to pull in earnings from its DVD, which generated $75 million in sales and rentals during the first week of its release.
Further Acting Appearances
In addition to “8 Mile,” Eminem has also made cameo appearances in “The Wash” (2001), Funny People (2009), and the television series “Entourage.” He has also had a number of voice acting roles, including on the Comedy Central show “Crank Yankers,” and in the video game “50 Cent: Bulletproof,” which was released in 2005.
Satellite Radio Channel
In 2004, Sirius XM radio teamed up with Shady Records to release a channel called “Shade 45.” The channel features uncensored rap and hip-hop music, and is marketed as Eminem’s own radio station.
2011 Super Bowl Ads
In 2011, both Lipton and Chrysler recruited Eminem to appear in Super Bowl ads. Chrysler’s ad was a two-minute spot, which was the longest in Super Bowl history at the time, and featured the song “Lose Yourself,” as well as an appearance by Eminem himself. This ad stirred the attention of critics, and was hailed by many as a return to form for the brand.
Eminem released an autobiography entitled “The Way I Am” in 2008. The book details his rise to fame, as well as his struggles with depression, poverty, and drug abuse.
Latest Venture: “Southpaw”
Rumors are currently circulating that Eminem will play a boxer in the upcoming film “Southpaw.” The film will reportedly be directed by Antoine Fuqua and written by “Sons of Anarchy” creator/executive producer Kurt Sutter. Sutter has said in an interview that the movie will act as some sort of continuation of “8 Mile.”
Eminem’s successes over the years have proven that a white kid from the streets of Detroit can make it as a big-time rapper. His early skills, which caught the attention of influential rappers like Dr. Dre, were the key to his rise to fame. His troubled life, however, has also shown that success doesn’t come without its rough patches. Now, despite numerous setbacks and controversies, Eminem is now sitting comfortably as a celebrity for the ages with a cozy $140 million net worth.
Article by Andre Williams. Connect with him on Google+