Offset is one of the most heard rappers in the music industry, bringing high lifestyle, chart-topping hits, and being part of the legendary rap group Migos. Offset’s one-time life of rags to riches has included everything from moving tentatively between houses to gaining millions and other popular rags-toriches charts. This article examines Offset’s net worth and the several factors that have made up his wealth, from his career and investments to his ventures outside of music.
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Offset Net Worth and Salary
Offset’s net worth in 2024 is estimated to be $28 million. His income is generated from music, endorsements, business ventures, and investments. Offset also has an annual income of around $6–8 million coming from music sales, concert tours, and brand collaborations.
What Is Offset’s Net Worth Today?
Offset’s fortune is indicative of not only his work as a solo artist but of his holding as a member of Migos. After multiple platinum-certified albums and high-profile collaborations, his earnings in recent years have soared. In addition to royalties, he has also enjoyed savvy investments and lucrative brand partnerships.
Table of Offset’s Net Worth
| Category | Estimated Value/Income | Details |
|---|---|---|
| Music Career | $15–20 million | Includes Migos’ album sales, solo projects, streaming royalties, and concert tours. |
| Endorsements | $3–5 million | Partnerships with brands like Reebok, Beats by Dre, and high-end fashion collaborations. |
| Streaming Royalties | $4–6 million | Revenue from platforms like Spotify, Apple Music, and YouTube. |
| Catalog Sale | $10–15 million (Estimated) | Offset reportedly sold part of his music rights for an undisclosed sum. |
| Business Ventures | $5–8 million | Investments in FaZe Clan, production companies, and other entrepreneurial endeavors. |
| Real Estate Portfolio | $7–10 million | Includes the Atlanta mansion ($5.8M) and other properties. |
| Luxury Cars Collection | $2–3 million | Fleet includes Rolls-Royces, Lamborghinis, Ferraris, and Bentleys. |
| Other Investments | $3–5 million | Likely includes stocks, potential cryptocurrency, and other financial instruments. |
| Awards and Royalties | $1–2 million | Royalties and monetary benefits from awards and music licenses. |
| Fashion & Style Work | $1–2 million | Earnings from fashion collaborations and runway appearances. |
| Charity Work | $500,000 (Donations) | Contributions to cancer research and community-focused charities in Atlanta. |
| Annual Salary/Income | $6–8 million (Annually) | Ongoing earnings from his active music career, endorsements, and business ventures. |
| Legal Expenses/Deductions | – $1–2 million (Annual) | Approximate costs related to legal issues and other expenses. |
Catalog Sale
Offset has recently jumped on the bandwagon for the surging trend of artists selling their music catalogs. Offset sold some sort of part ownership in his music in 2022 for an undisclosed amount, which also helped give him a high net worth. Such deals have become increasingly common in the music business, enabling artists to collect lump-sum payments while the companies lock in longer-term revenue streams.
Early Life
Offset was born as Kiari Kendrell Cephus on December 14, 1991, in Lawrenceville, Georgia. Offset had a difficult childhood. He grew up in a humble home and sought comfort in music, dance, and the lyrical stylings of singers such as Michael Jackson. Offset, who shared a passion for music with his childhood friends and fellow Migos members, Quavo and Takeoff, formed their group in 2008.
Legal Issues
Offset has a history of legal troubles. Over the years, he had been arrested over charges related to drug possession, firearms, and traffic violations. Despite these setbacks, he rose to stardom. Instead, they became part of his story, one piece of the jigsaw that also built his street cred and informed the grittier sound of his music.
Offset Salary and Contracts
Offset has a few sources of income, and his earnings are in millions per year. As a member of Migos, he signed lucrative record partnerships, including the group’s deal with Quality Control Music, which included multimillion-dollar advances, according to reports. His solo career opened new financial doors, buoyed by top-flying endorsements and initial streaming take, contributing to his multimillion-dollar annual haul.
Offset Career Earnings
Since breaking into the mainstream with the Migos’ hit single Versace in 2013, Offset’s career earnings have skyrocketed. Here is a rough breakdown of what he made:
- Migos Album Sales and Tours: $15 million–$20 million
- Solo Music Projects: $5–7 million
- Commercial endorsements (Reebok, Beats by Dre, etc.): $3-$5 million
- Streams Royalties: $4–6 million
Business Ventures and Other Work
Offset is more than a rapper; he’s also an astute businessman. His ventures include:
- Fashion Collaborations: Offset has partnered with brands such as Chanel and Balenciaga, becoming a fashion icon in the process.
- Esports Investments: Offset has made investments into esports, even becoming a part-owner of the famed gaming organization, FaZe Clan.
- Production Company: He has stated interest in producing content for film and television.
Awards
Offset has been awarded multiple accolades, including:
- Billboard Music Awards (with Migos)
- BET Hip Hop Awards
- Grammy nominations for his contributions to Migos’ hits and collaborative projects.
Investments
Offset invests in real estate, luxury automobiles, and stocks. He has a specific penchant for expensive cars and owns a collection of vehicles worth over $2 million, including Lamborghinis, Rolls-Royces, and Bentleys.
Charity
Offset is also a philanthropist, despite his flashy lifestyle. He has contributed to many causes, including:
Coinciding with October 2023, National Breast Cancer Awareness Month, is support of past collaborations with the American Cancer Society to raise money for cancer research.
The organization runs from a charity event to the next one for underserved communities in Atlanta.
Personal Life
Offset is married to fellow music superstar Cardi B. The couple married in 2017 and welcomed two children, Kulture Kiari Cephus and Wave Set Cephus. Offset also has three other kids with previous partners.
Their relationship, which has frequently made headlines, has established them as a power couple in the industry.
Real Estate
Offset and Cardi B have several homes together, including a multi-million dollar mansion in Atlanta, Georgia, for $5.8 million. It has a gun range, an indoor pool, and an enormous walk-in closet.
FAQs
1. What Is Offset’s Main Source of Income?
Offset’s primary income sources are music sales, concert tours, and brand endorsements.
2. How Many Cars Does Offset Have?
Offset has a fleet of more than 10 luxury cars, including Ferrari, McLaren, and Lamborghini.
