Eminem is an American multi-platinum selling rapper, producer, and actor. Eminem’s net worth is $230 million as of this writing. He is routinely one among the world’s highest-paid performers. Eminem earns around $20 million per year. That figure may easily surpass $30-50 million in years when he is actively travelling in promotion of an album.
Marshall Bruce Mathers III was born on October 17, 1972 in St. Joseph, Missouri. He spent his childhood in Missouri with his single mother before settling in Warren, Michigan. His parents, Marshall Sr. and Deborah “Debbie” Rae Nelson, were in a band called Daddy Warbucks that toured across the mid-west, particularly at Ramada Inns, until they split.
Debbie and Marshall moved back and forth between Michigan and Missouri after their divorce, never remaining in one spot for more than a year and living largely with family members. Marshall was a loner as a youngster who was constantly tormented at school. They resided in a mostly black Detroit area during his adolescence.
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Eminem wanted to be a comic book artist at first, but that changed after hearing his first rap song, Reckless – Featuring Ice-T, from the soundtrack of the film “Breakin’.” Ronnie, his half-brother, gave him the record as a present.
Marshall finally acquired fame and appreciation within the Detroit hip-hop community. He became a member of Bassmint Productions, which was eventually renamed Soul Intent. He made songs for Mashin’ Duck Records and FBT Productions while working as a chef and dishwasher for minimum money. In 1996, Eminem released his debut album “Infinite” through the record label Web Entertainment.
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Around this period, he acquired the rougher, more aggressive character “Slim Shady.” He rapped about drugs, sex, violence, rape, and murder under the alias Slim Shady. In the spring of 1997, he recorded “the Slim Shady EP,” which was released by Web Entertainment the following winter.
Eminem was included in The Source magazine’s unsigned hype piece in March 1998. He got evicted from his house not long after and chose to fly to Los Angeles to partake in the Rap Olympics. He came in second, but more crucially, an Interscope Records employee liked what he heard and recommended The Slim Shady EP to business CEO Jimmy Iovine.
After being discovered, Eminem soon signed a deal with Aftermath Entertainment to re-record and polish The Slim Shady EP, with Dre serving as Executive Producer.
The record was a financial and critical success right away. It finally went 4X Platinum in the United States alone, earning Eminem a Grammy for best rap album. His subsequent albums were absolute beasts. He released The Marshall Mathers LP in May 2000. It was the fastest-selling hip-hop album in history, selling over 21 million copies. His following album, 2002’s The Eminem Show, sold over 27 million copies.
Shady Records/50 Cent
Eminem established his own imprint, Shady Records, under Aftermath Records in 1999. D12, a group of Detroit rappers known to Eminem, was the first artist to sign with the label.
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While filming “8 Mile” in 2002, Eminem was introduced to an underground New York rapper named 50 Cent. Eminem had heard a few of 50’s mixtapes and was keen to add him to the company. 50 Cent quickly became Shady Records’ first solo artist. The soundtrack to 8 Mile was released by Shady Records the same year, and it went on to sell over 11 million copies worldwide.
During that time, he sold over 50 million records and performed 88 solo performances as part of the Anger Management Tour.
Eminem made at least $100 million from album sales, touring, and merchandising throughout those years. That takes his total career earnings to $380 million as of this writing.
In recent years, Eminem has become somewhat of a reclusive celebrity. He has openly struggled with drugs and is now sober. Throughout much of the late 90s and early 2000, much of his personal life was continuously displayed in courtrooms. He has battled both his mother and his ex-wife Kim. Kim and Eminem share a daughter together named Hailie. Eminem also has custody of Kim’s daughter from another relationship, Whitney, and his niece Alaina.
In 2000, Eminem spent $1.483 million on an 8,900 square-foot home in Clinton Township, Michigan. This has been his primary residence throughout the years.
In 2003, he spent $4.8 million on a 15,000 square foot house in Oakland County, Michigan. It was the home of the former CEO of Kmart. Visitors be warned, Eminem retrofitted the property into a virtual fortress complete with electric fences and guard booths that are manned 24 hours a day by armed security.
Also, the entire neighborhood is gated and guarded by additional security. Interestingly, Eminem barely lived at this house. He listed it for sale in 2017 for $1.99 million, eventually finding a buyer for $1.9 million.
Eminem has a $230 million net worth. He is one of the most successful performers of all time, having sold over 170 million records throughout his career. He has generated millions from his own songs as well as releases by musicians signed to his company, Shady Records. Between 2004 and 2019, excluding his most successful album-selling years, he made at least $280 million pre-tax. His overall career earnings are projected to exceed $400 million.