Wiz Khalifa Net Worth
Wiz Khalifa Net Worth: $13,000,000
Related Net Worths: Snoop Dogg, Amber Rose, Lil Wayne, Drake,
2 Chainz, Rick Ross, French Montana, The Weeknd, Juicy J, Cassie, Curren$y, Akon, Tinie Tempah
Sources: AEG Promotions, Warner Music Group, Atlantic Records, Hot Topic, Microsoft, acting
“The work I put in five years ago got me where I am now … Every day I wake up is a work day, and I don’t plan on chilling out anytime soon.” – Wiz Khalifa
Wiz Khalifa, born Cameron Jibril Thomaz in Minot, North Dakota, is a rapper, songwriter, and actor with a net worth of $11 million. He is best known for his ability to craft catchy rap songs like 2010’s number one hit “Black and Yellow.”
Khalifa, the son of two military parents, started writing raps in the third grade. After his parents divorced when he was three years old, Khalifa moved around the world to various military bases before settling in Pittsburg, Pennsylvania in his teens.
By the time Wiz was 12, he was making his own records in his father’s recording studio in Oklahoma. When he was 18, he released his first mixtape, called “Prince of the City.” He followed this up a year later with the release of his first album “Show and Prove,” on the independent label Rostrum Records. He soon started to attract the attention of critics, with Rolling Stone declaring him an “artist to watch” in 2006.
The following year, he was signed to Warner Brothers Records and released his first two major label singles: “Young’n on His Grind,” and “Say Yeah,” which hit the Billboard top 20. But the relationship with the label soon turned sour, and in 2009 Khalifa left Warner to release his second album “Deal or No Deal” on his old label Rostrum.
After a number of successful performances in 2010 including an appearance at the South by Southwest Music Festival in Austin, Texas, Khalifa announced that he would be signing with the Warner-backed Atlantic Records as a joint venture between Rostrum and Atlantic. His first Atlantic single “Black and Yellow,” was what propelled this artist into full-blown hip-hop stardom. During the Pittsburg Steelers’ 2010 Super Bowl run, this song became their unofficial anthem, and the number one single was eventually certified triple platinum.
In 2011, his major-label debut “Rolling Papers” hit number two on the Billboard 200. His follow-up, O.N.I.F.C. (which stands for either “One Night In First Class” or “Only Niggas in First Class,” depending on who you ask) debuted at number two as well, selling 131,000 copies in its first week.
Despite Khalifa’s reputation as a chilled-out pot smoker, he is also a hard worker. He played 133 shows between May 2010 and May 2011. These shows, and the merchandise he sells at the shows, account for a major portion of his income. Pollstar has estimated that his average nightly gross for concerts is $70,000. They also predict that this number will grow to over $100,000 per night in 2013. In addition, Khalifa has also started to take on acting roles and product endorsement deals. Here’s how he currently fills his coffers:
Not only is pot smoking central to Wiz Khalifa’s image, it’s also the key to one of his major moneymaking tools: merchandising. In addition to the standard clothing and apparel that he sells at his shows (which includes a black-and-yellow hoodie with a dimebag-sized zipper pocket on the inside of a sleeve), Khalifa also sells his own brand of rolling papers, as well as a “420” kit, which includes papers, a grinder, a baggie, and a Wiz Khalifa t-shirt. Khalifa’s nightly merchandise intake is among the highest in the music business: While many other hip-hop artists earn an average of $2-$3 per head at their shows, Khalifa usually takes in anywhere between $5 and $15. Industry insiders have estimated that roughly one of every three audience members at Khalifa concerts buys a t-shirt. However, while all of the merch is emblazoned with either Khalifa’s name or a reference to his entourage the “Taylor Group,” these products are also partly promoted by the Warner Music Group, which takes a cut from each sale.
In addition to his merchandise sales at concerts, Khalifa has expanded his reach further into the retail industry by selling his merchandise line at Hot Topic stores. Currently, Khalifa is the all time top-grossing urban artist at this youth-focused mall retailer.
In 2012, Khalifa made his acting debut in the film “Mac and Devin Go to High School,” which also featured fellow hip-hop star and marijuana aficionado Snoop Dogg. The movie went straight to DVD, and the accompanying soundtrack featured a collaboration with Bruno Mars entitled “Young, Wild & Free,” which debuted at number ten on the Billboard Hot 100.
Khalifa recently signed a deal with Microsoft’s search engine BING, which led him to star in a TV commercial for the brand. The commercial premiered during the 54th Grammy Awards in 2012.
Latest Venture: Potential Film with 50 Cent
Khalifa has reportedly had recent conversations with rapper 50 Cent about working on a movie and soundtrack together. The two have previously worked together on Khalifa’s song “Telescope.” When interviewed about the film, Khalifa was hazy about the details, but mentioned that he wanted to play the bad guy, adding: “I want to be the drug dealer in the movie. I want to hold the pistol. I want to pop that nigga.”
All of these ventures have kept this 25 year-old busy over the last couple of years, and he doesn’t seem to be stopping any time soon. He has claimed that he wants to make over $100 million next year. This could come in handy, as his fiancée Amber Rose (who also happens to be Kanye West’s ex-girlfriend) recently gave birth to a son, Sebastian. Plus, $100 million can’t hurt if you’re the kind of guy who spends over $10,000 a month on weed, as Khalifa claims to do.