This Chicago-based rapper is probably one of the greatest hip hop acts of this era. Coincidence surprisingly placed the rapper in the list of the richest hip hop artists in the world, including P. Diddy, Jay-Z and Drake, because of his wealth. As an unconventional artist whose wealth has grown considerably since the release of his first mixtape in 2012, Chance has broken through many barriers and may soon have no options left. If you still doubt the power of the Internet and virtual platforms, the Grammy winner’s fortune should be a reminder of the obvious. Here is how much he is worth and how he made his fortune.
What Is Chance the Rapper’s Net Worth?
Chicago-born and Chatham-born Chancellor Jonathan Bennet attracted a lot of attention in 2012 after uploading his first mixtape. Although he is one of the greatest hip hop artists of the time, it is interesting to note that Chance has neither a record company behind him nor does he seem interested in selling his music.
The rapper, who calls his albums Mixtapes, believes that setting a price for his music ultimately inhibits and restricts his connection with his fans. Although Chance has not yet sold a physical album, the numbers don’t lie. Music connoisseurs have developed a standard for measuring his musical success commercially by quantifying his mixtape downloads as regular album sales. Rappers Chance’s net worth is currently estimated at $33 million, a fortune he has accumulated in less than a decade of his music career.
How Chance Made a Fortune From Rap Music
Since the fans of the Grammy-winning singer get his music for free, it is clear that Chance only benefits minimally from this station. Interestingly enough, the rapper, who has never sold a physical album before, is the recipient of three Grammy Awards 2017, one of which is for Best Rap Album. Do you wonder how Chance has built up a huge cult following and a huge fortune? Here’s the deal…
Born in Chicago, who prefers to make his money on the Internet, he has proven that an artist can become popular and commercially successful through streaming services. But basically, fans can listen to his music via streaming for free via SoundCloud, Spotify and Apple Music.
Chance the Rapper made his career debut with the song Windows. Eight months later he dropped his first mixtape 10 Day in April 2012. The album brought him the attention he needed in the hip-hop world with thousands of downloads on various virtual music sharing platforms. Chance the Rapper has released three mixtapes to date: 10 Day (2012), Acid Rap (2013) and the critically acclaimed Coloring Book (2016). He finally released his first studio album The Big Day in mid-2019.
While Chance did not benefit from the downloads on the first two free albums, he achieved regular sales from the third album on. After conversion, the downloads from Coloring Book brought Chance the equivalent of over 500,000 albums sold.
The rapper’s wealth can also be traced back to his collaboration with other rap stars. In addition to his personal talent and hard work, Chance has also raised his profile in the industry through his work with rappers such as Childish Gambino, Kanye West and 2 Chainz. Specifically, he has worked with Gambino on at least two of his songs, and he will be opening five songs on Kanye West’s 2016 album, The Life of Pablo.
In his early career days, Chance the Rapper could be categorically described as a secular artist, but in recent years he has become more of a spiritual man. In 2015 he joined a Chicago-based band called Donnie Trumpet & The Social Experiment to produce an album entitled Surf. Following the release of the Coloring Book in 2016, Chance now sees himself more like a gospel rapper.
The Grammy award winner also earned his wealth by traveling and selling goods. Chance believes in the right execution for unconventional methods, and so far the numbers seem to support his theory.
The net worth of the rapper was also accumulated through several lucrative ambassadorial deals. Building on his fame in the music industry, the rapper has worked with top brands like Apple, H&M, KitKat, Nike and even the Chicago White Sox for various advertising campaigns.
Although he is best known as a musician, the rap star was able to penetrate the film industry. It is a coincidence that the rapper’s fortune is also a result of his acting talent. Some of his credits include short films; Clapping for the Wrong Reasons (2013) and Mr. Happy (2015). He has starred in the films Slice (2018), The Lion King (2019) and Between Two Ferns: The Film (2019). Chance also has the opening credits of Steven Universe (2019): The Movie behind the scenes and lent his voice in Trolls World Tour (2020).
How Does Chance the Rapper Spend His Wealth?
Chance the rapper has tried to handle his spending discreetly, he is known to be a modest star who has remained true to his roots. Although the rapper is seldom seen as inexpensive restaurants and clubs, a lifestyle befitting his status is assumed. The most famous luxury edition of Chance is probably his two-bedroom house in downtown Chicago, which he bought for $3.7 million.
Outside of work, Chance enjoys spending time at home with his long-time lover Kirsten Corley, whom he married in 2019, and their daughters Kensli and Marli. In one of his songs, the rapper repeated the fact that money cannot buy mental peace or good parental skills. In addition to his property in downtown Chicago, the rapper Chance also has several investments in real estate. He also has an impressive collection of expensive cars, including a Rolls Royce, a Lamborghini and much more.
Chance the Rapper’s spending, however, has been in the news mainly because of his passion for philanthropy. He has given something back to the community in a number of ways. In addition to his charitable organization Social Works, the rapper has donated millions of dollars to public schools and other charities in Chicago. In addition to fighting social ills such as police brutality, homelessness, and gun violence, he is also known as a politically active member.