Macklemore, also known by his real name Ben Haggerty, is an American rapper and songwriter who rose to fame after the release of his single “Thrift Shop” in 2012. Since then, Macklemore has released five studio albums, three EPs, four mixtapes and several singles. He has won multiple awards including four Grammy Awards, two American Music Awards, eleven Billboard Music Awards and seven MTV Video Music Awards. But how much is this multi-platinum artist really worth? In this blog post, we’ll take a look at the net worth of Macklemore and where it comes from.
Introduction to Macklemore & His Music Career
Macklemore’s musical career began in 2000 when he started performing with his group “The Fresh Espresso” in Seattle. After releasing two independent records between 2005 and 2009, he achieved mainstream success in 2012 with the release of The Heist. The album went on to be certified diamond in the US and was supported by popular singles such as “Thrift Shop”, “Can’t Hold Us” and “Same Love”. Following the success of The Heist, Macklemore went on to release more successful projects such as Gemini (2017) and This Unruly Mess I’ve Made (2016). To date, Macklemore has sold over 8 million albums worldwide.
Endorsement Deals & Business Ventures
In addition to music sales, Macklemore earns money through endorsement deals with brands such as Sprite, Nike and Microsoft. He also owns his own record label, Jamla Records. On top of that, he is co-owner of Tricia Davis’ apparel line, Mirror+Mask Clothing. According to reports, these business ventures bring in hundreds of thousands of dollars each year for Macklemore.
Real Estate Properties & Investments
When it comes to real estate investments, Macklemore owns multiple properties across the United States. He bought a luxurious mansion in Los Angeles for $2.25 million in 2017 and recently purchased a beach house in Malibu for $4.8 million. He also has a number of other investment properties located in Seattle and surrounding areas.
Earnings from Touring & Concerts
As one of the biggest live performers today, Macklemore often sells out arenas around the world. His 2016 tour alone grossed over $14 million while his 2017 world tour earned him another $7 million. Combined with smaller shows and club performances, touring makes up a substantial part of Macklemore’s income.
Analysis of Assets & Liabilities
According to Celebrity Net Worth, Macklemore is worth an estimated $35 million. A large chunk of this wealth comes from music sales, royalties and touring revenue but endorsements and investments make up a significant portion as well. It’s important to note however that this figure does not include any liabilities or debts so it could be slightly lower depending on the amount owed.
Salary from Album Sales & Streaming Platforms
Album sales still remain an important source of income for musicians like Macklemore even in the digital age. When combined with streaming platforms such as Spotify and Apple Music, they can generate tens of millions of dollars per year. However, exact figures are hard to come by due to private agreements between labels and artists.
Celebrity Endorsement Deals
Macklemore has had endorsement deals with some major companies throughout his career including Sprite, Xbox, Microsoft, Dr Pepper and Nike. These deals typically pay out six-figure sums which add up significantly over time. Other endorsements have included campaigns for Axe Body Spray and Beats By Dre headphones which likely netted him millions more in royalties.
Philanthropic Work & Charity Events
In addition to music and endorsements, Macklemore is also involved in philanthropic work. In 2013 he donated 10% of all ticket sales from his Australian tour to charities working in Aboriginal communities across Australia. He has also been actively involved in charity events aimed at raising funds for cancer research as well as helping homeless individuals find employment.
Estimated Total Net Worth Value
After taking into account all sources of income including music sales, touring, endorsements and investments, Macklemore’s total net worth value is estimated to be around $35 million. While this may seem like a lot of money it pales in comparison to many other celebrities such as Jay-Z who has a net worth of over $1 billion.
Conclusion – Summary of Findings
To sum it up, Macklemore’s net worth is estimated to be around $35 million which is quite impressive considering his relatively short music career compared to others in the industry. His wealth comes primarily from music sales, touring revenues and endorsement deals although he does have additional investments in real estate and businesses which contribute significantly to his overall earnings. Finally, he is also active in philanthropic causes and regularly donates his time and money to charities supporting disadvantaged people around the world.