Here's How Wiz Khalifa Earns And Spends His $70 Million Fortune
Wiz Khalifa became a sensational figure in the hip-hop world as soon he debuted in 2005. He made his way into the music industry through his first mixtape titled Prince of the City: Welcome to Pistolvania. He went on to release his first debut album the following year titled Show and Prove.
He has been active in the music scene since he debuted and he does not plan to stop anytime soon. His releases continue to become massive hit on the charts and has received several awards and nominations through the years. His talent is also recognized by the Grammy Awards and he's been nominated 10 times for an award, however he's yet to win one.
With the enormous success he's had in his career, it's no surprise that he's accumulated a net worth of $75 million. Take a look at how he earns and spends his millions.
8 Earns: Music Career
The 35 year old rapper debuted in 2005 and has since earned millions through the course of his career. It was reported that Wiz Khalifa approximately earned around $160 million in the span of his 17 years in the music industry. He is considered to be among the most successful and well-known rapper in the world.
When it comes to music, Wiz is known for his exceptional talent in writing lyrics and impressive vocals. Since his debut, he has taken the world by surprise with his song releases.
7 Spends: Classic Car Collection
Although Wiz Khalifa's car collection isn't worth multimillion dollars like the car collection of Kim Kardashian, he still owns pretty sleek models and his collection consists of classic American cars, with some Porsche and Rolls-Royce here and there.
The most expensive car in his collection is a Rolls-Royce Cullinan worth $360,000. The rapper made a great choice since the car is the best car for a combination of luxiry and performance. Aside from the Cullinan, he owns a classic Chevy Impala SS which is around $70,000. The marvelous and beautiful Chevy Impala SS in Wiz Khalifa's collection had a custom interior with a reworked exterior.
6 Spends: House
Wiz Khalifa owns several mansion across the country. He reportedly dropped $3.4 million on a modern mansion located on the San Fernando Valley neighborhood of Encino, he also owns a place in Pittsburgh hometown and recently purchased a $7.6 million mansion in Los Angeles.
The most recent mansion bought by the rapper is an upgrade from his Encino house which only about three miles away. He reportedly custom-tailored the entire premise and added some of his favored amenities. It was rumored that the rapper had a personal weed bar on the mansion in addition to the recording studio and some Steelers-themed game room.
5 Earns: Concerts And Tours
It was reported that Wiz Khalifa has been earning at least $2 million on his annual tour since 2012. The rapper has raked in solid revenue from his tours and concerts across the country. One of his biggest earnings was during the Rolling Papers tour in 2011 where he earned about $15.3 million on that tour alone.
4 Spends: Vices
Wiz Khalifa proudly revealed back then that he spends roughly $10,000/month on smoking weed. During the rapper's interview for the Rock The Bells in New York, he confessed that he easily spends about ten grand on weed every month. With this revelation, police apparently raided his bus and arrested the rapper with charges of one misdemeanor and two counts of felony drug charges.
He probably learned his lesson pretty hard and these days, he keeps information about his spending habits private.
3 Earns: YouTube Channel
Wiz Khalifa currently has about 27 million subscribers on his official YouTube channel. He established his YouTube channel in May 2008 and has been earnings millions through the years.
As of January 2023, the rapper has about 12,940,136,223 views on his YouTube account. With the approximate earnings of $3 per 1,000, he has pocketed over $38 million through his YouTube account.
2 Spends: Music Education Program
Wiz Khalifa partnered with the Taylor Gang founder to sell some of his personal stuff such as clothes, accessories and memorabilia to help the charity. The Wiz Vault also expanded to offer some sneakers from the rapper's collection where he's offering high end brands such as Jordan, Valentino and Supreme.
1 Earns: Brand Deals And Endorsements
Although the exact amount of his brand endorsements contracts weren't publicly available, it is safe to assume that the rapper earned millions from his endorsements. One of his most notable endorsement contract was with Converse where he was reportedly paid at least $500,000 annually since 2015.
Sources: Forbes, Wiz Khalifa's YouTube Account, Blunt Lifestyle, The Fader
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