Mac Miller’s net worth has always been a mystery, but until his death on September 7, 2018, the rapper’s career was also steeped in clues about his collision with drug abuse. Mac, whose original name is Malcolm James McCormick, was a bright light in his family, friends, and fans when he died tragically at the age of 26 from an apparent drug overdose.
While his family and the music world, in general, have not yet come to terms with the unexpected loss, there is no doubt that the rapper has left an indelible mark on many people. Mac Miller’s net worth shows that he has also won hearts after building his fan base and net worth in innovative ways. Although he started out on an independent label, the musician undeniably had a successful music career. Moreover, Mac’s recent Grammy nomination proves that he is still loved, even in death.
What Was Mac Miller’s Net Worth?
Mac Miller was celebrated for his business acumen throughout his career, and it was not surprising that he left a considerable fortune after his death. The rapper definitely made his mark on the music scene and accumulated his wealth from record sales and touring.
His historic debut album Blue Slide Park, released in 2011 under Rostrum Records, was the first independently distributed album to top the Billboard 200 charts. Besides the fact that it topped the charts, about 75% of the proceeds were split between Miller and Rostrum, as the successful album was not supported by any major record company at that time.
Miller’s follow-up albums – Watching Movies with the Sound Off (2013), GO: OD AM (2015), and The Divine Feminine (2016) – were even more successful and reached top positions in the Billboard charts. In 2014 the late rapper left Rostrum and went to Warner Bros. Records, who offered him a delicious deal. Miller dropped his last album “Swimming” in August 2018, and like his predecessors, this project reached a top spot in the Billboard 200 charts.
Mac Miller’s net worth after his death is set at over $9 million. The number of the deceased rapper’s estate, as determined from his estate case, obviously shows that he was worth much more before his tragic death. Miller’s valuable assets include personal property, savings, royalties, money market accounts, stocks, cash, master recordings, and the right to publicity. While the valuation did not include potential real estate, expensive collectibles, and works of art, other personal items such as expensive electronics, furniture, clothing, jewelry, a custom guitar, and a 5-series BMW were considered.
Malcolm McCormick’s philanthropic efforts also touched a nerve in the hearts of many people. During his lifetime, Mac was known for giving back to the community by making large donations to various charities and foundations. He was also recognized as executive producer of “Hi, How Are You”: a short film, after donating $50,000 to the production of the film.
Does Mac Miller Still Make Money After His Death?
Malcolm McCormick is survived by his parents and his brother. In 2013, he set up a trust and with it a lawyer to take care of the estate. According to the estate documents, Mac Miller’s assets are expected to be divided between his family and close friends. For the time being it is unclear exactly how much will go to each of the beneficiaries and how much the rapper will receive in royalties. There is no doubt, however, that Mac’s family will receive the bulk of the remaining assets, including his $5 million in cash in the bank, while the rapper’s close friends will receive part of his personal property.
Although it is uncertain whether the late rapper’s right to publicity and bequeathing will increase over the years, it is obvious 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 others held a tribute concert for the artist. In addition to the concert and Mac’s huge murals that eclipsed the music world after his death, Miller’s legacy has also earned him a posthumous Grammy nomination.