There is a saying that it is never a question of how long, but how well, and although the untimely death of a young and talented man is nothing to celebrate, financially it was a successful life for Mac Miller. In just a short time on earth, and in an even shorter time as a professional musician, Mac Miller was able to accumulate a considerable fortune, enough for his family to never work again.
After his death, we learned that Mac Miller had a net worth of $9 million at the time of his death. In this article, we take a look at how the Pittsburgh-born rapper accumulated fortune in his short time as a professional musician. Read on to find out more.
How Mac Miller Reached his Net Worth
Mac Miller was a teenager when he became convinced that he wanted to become a professional musician and he dedicated the rest of his life to pursuing and realizing this dream. While we can assume that the rapper earned his wealth through his career as a musician, not all of it came through music. He also earned his money through television and stock trading. Here is a closer look at each means.
Sale of music
Mac Miller released his first music project in 2007 at the age of 15, the mixtape But My Mackin’ Aint Easy, which he released under the artist name Easy Mac. It was not a commercial success, but it established him as a professional musician, and after two years followed his first music project with two mixtapes, The Jukebox: The Prelude to Class Clown and The High Life, under the stage name Mac Miller.
The two mixtapes took him further as a commercial rapper, earned him two awards at the 2010 Pittsburgh Hip Hop Awards and made him a regular at local hip hop shows. In the same year, he signed his first record deal with Rostrum Records and also released his fourth mixtape, K.I.D.S, which was his first nationally recognized mixtape.
The mixtape brought him not only national recognition but was also a decent commercial success with more than 1.1 million downloads and 1.5 million streams on DatPiff. Two music videos released for the mixtape received more than 50 million hits each, and the resulting music tour to promote the mixtape was sold out in all locations.
K.I.D.S became the beginning of Mac Miller’s commercial success and the accumulation of his net worth of $9 million. This was followed by his fifth mixtape, Best Day Ever, which featured the single Donald Trump, culminating at number 75 on the Billboard Hot 100 and sold more than a million copies in the US alone. The mixtape itself was also commercially successful, reaching number 26 on the US Billboard 200 with more than 17,000 copies sold.
Before he released his first studio album Blue Slide Park, Mac Miller released the EP On and On and Beyond, which sold more than 10,000 copies on the US Billboard 200 and peaked at number 55. His first album Blue Slide Park, released in November 2011, sold 144,000 copies in its first week and has already sold more than 500,000 copies.
Since Blue Slide Park, Mac Miller has increased his fortune by releasing four albums, eight mixtapes, one EP and more than 35 singles. In total Mac Miller has sold more than 800,000 albums and several thousand singles.
Appearances on Television
Apart from music, where Mac Miller earned more than 50% of his net worth through album releases, singles, and shows, he also made money through television. He made his first TV appearance in the show Single Ladies, which will be broadcast in two episodes in 2011. However, his significant income through television came from the reality show Mac Miller and the Most Dope Family, which aired on MTV2 in six episodes. Other credits to the rapper’s name include Scary Movie 5, Loiter Squad, Ridiculousness, Punk’d, and several others.
Investments in stocks
In addition to television and music, Mac Miller’s net worth of $9 million came from stock investments, such as 200 Facebook shares. He also made money through brand referrals from companies such as Mountain Dew, Zumiez, Lacoste, Footaction, and several others.
After his death, according to his will, most of his net worth of $9 million were given to his brother, including more than $4.4 million in his bank account. The rest of his fortune he gave to his parents.
Does Mac Miller Still Make Money After His Death?
Malcolm McCormick is survived by his parents and brother. In 2013, he established a trust and thus hired an attorney to manage the estate. According to estate documents, Mac Miller’s net worth is expected to be divided between his family and close friends. So far, it is unclear exactly how much will go to each of the beneficiaries and how much the rapper will receive in royalties. However, there is no doubt that Mac’s family will receive the bulk of the remaining assets, including his $5 million cash in the bank, while the rapper’s close friends will receive some of his personal possessions.
Although it is uncertain whether the late rapper’s right to publicity and his legacy will grow over the years, it is evident that Miller left an indelible mark on the music scene and was revered by many. During his lifetime, Mac had a large fan base that included friends and colleagues. After his tragic death, many stars such as Chance the Rapper, Travis Scott and many more held a tribute concert for the artist. In addition to the concert and huge murals of Mac that covered the music world after his passing, Miller’s legacy also earned him a posthumous Grammy nomination.