Diamond in the Rough

Topics: Record label, Music industry, No Limit Records Pages: 1 (276 words) Published: March 8, 2000
Diamond in the rough

Why Master P is set apart from all the other hard-core rappers? He owns his own music company and built his empire around No Limit (the hottest in the business). He was almost a NBA player, and he owns his own line of dolls (the Master P doll). His company makes a net worth each year of $361 million. His record company sold 26 million records in 1998, more then any other rap company. He also has made a lot of money in staring and directing in movies that profit at least $10 million each. He also has his own clothing line that makes a net worth of $10 million in 1999.

Master P has built his own record company, which many rappers have tried to copy, but he is different with all of them because he does not have a joint contract with any record labeler. In fact the head of No Limit's various enterprises-each division is actually a separate privately held company-has succeeded with a surprisingly sound fiscal strategy and has attracted a cadre of enterprising young executives to help him manage the company's meteoric growth.

Master P has been one of the youngest people to hit on the worlds youngest Rich that has been published in fortune magazine. He has learned and mastered the market as we no it and there will never be anyone else like him, and that's why he is a diamond in the rough, and will always be set apart in the elite few of the hard-core rappers and in the world of the young and rich.
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