Eminem Wiki: Net worth, Life, Family, Career, Houses, and Cars

Quick Facts of Eminem

Introduction

Eminem is considered as one of the most influential and most successful hip-hop artists in the history of the industry. Being a white rapper with expertise in confrontational hip-hop genre and lyrics alluding to violence, crime and bullying, he is also famous for being one of the most bankable and best-selling hip-hop artists in the world.

Eminem’s Life

Marshall Mathers grew up in a violent neighborhood especially that he was one of the few white kids in a black neighborhood. He was bullied many times in elementary and high school.

He got poor marks on the schools he attended and when he was 12, he had to help his mom pay the bills by going to work. His mother would kick him out of the house after she gets his paycheck. He found comic books and writing songs as outlets to his anger and later on discovered hip-hop music through his uncle Ronnie, his mother’s stepbrother.

He started rapping at 14 with his friend Mike Ruby. They would sneak into the nearest high school to join freestyle rap duels and attended open mic hip-hop battles across Detroit.

Eminem started in underground hip-hop battles and was known for his rhyming rap structure. Eminem made his way to the hip-hop industry when he appeared in a music video by Champtown in 1992 and released his first album along with four friends in 1996.

The year 1996 was the toughest year of his career.

During that year, he was signed in his first record deal through his supposed debut album Infinite but did not materialize, he was juggling his small earnings in raising his child Hailie, he married Kimberly and they lived in a crime-stricken neighborhood, he was fired from his job as a dishwasher in a local restaurant and lived with his mother’s trailer home in Detroit along with Kim and his daughter. That year, he also resorted to drug use, alcohol and attempted suicide due to depression.

Family

Eminem was born in St. Joseph, Missouri on October 17, 1972, to amateur musician singers Marshall Bruce Mathers Jr. and Debbie Nelson.

Since his parents composed a band called the Daddy Warbucks, they often moved from one state to another. When he was six, his father left them and moved to California.

He lived with his mother who often neglected him growing up because she got addicted to gambling and had an unstable personality since he was rescued by social services many times. His parents both remarried after their separation which gave him three step-siblings.

He married Kimberly Ann Scott, a teenage runaway who lived with them when he was young. They were in a relationship at a very young age and got married in 1999.

After their divorce in 2006, Eminem filed for custody for Hailie and three other children; Alaina, daughter of Kim’s sister, Whitney, daughter of Kim from a previous relationship before they married again in 2006 and Nathan, his maternal half-brother.

Career

Eminem faced a lot of setbacks before his rise to fame. His first group was established in 1988 and was called the New Jacks but only got to release his first album in his new group the D12 in 2001.

The rhyme structure that he is known for today did not make an impact during the start of his career so he changed his genre to confrontational rap. He made his songs angrier and with more vulgar lyrics.

In 1997, he sent a music demo titled Slim Shady EP to Dr. Dre and Jimmy Lovine. They signed him in Aftermath Entertainment and released his first hitmaker, reaching three platinum in 1999 under the title Slim Shady LP. This led to his friendship with Dr. Dre and went on to collaborate in many albums in the succeeding years.

See also: Dr. Dre net worth

Since his breakthrough in 1999, his shot to fame has been unstoppable. He went on to record songs that became instant hits such as Guilty Conscience, Old Time’s Sake and Relapse, among others.

He was able to release multi-platinum albums and earned his place in the music industry as he was already performing with artists such as Michael Jackson and Elton John. He has sold over 360 million copies of his albums worldwide. He started acting and had cameo roles in Ray Romano, The Wash and the TV series Entourage.

In 2005, he was admitted to a drug rehabilitation facility after his Anger Management Tour 3. He went in and out of the rehab until 2009. He had a relapse in 2010 and was discharged in 2011.

How did Eminem make money?

• Rap albums (Anger Management 1-3, The Slim Shady Ep, The Marshall Mathers LP, The Eminem Show, etc.)
• Tours and concerts (The Monster Tour with Rihanna, The Rupture Tour, etc.)
• TV production (was a cast of the documentary The Defiant Ones, produced the Slim Shady Show)
• Product placements and endorsements (Beats by Dre, Casio, Chrysler, Brisk)
• Record Label (Shady Entertainment)

Net worth from 2010-2019

• 2010: $131M
• 2011: $154M
• 2012: $177M
• 2013: $193M
• 2014: $216M
• 2015: $231M
• 2016: $245M
• 2017: $220M
• 2018: $236M
• 2019: $245M

How much does Eminem make in a day?

In 2018, Eminem earned a total of $23M. From this figure, Eminem makes an average of $88,500 a day.

What does Net Worth Mean?

What is a Net Worth?

It is a quantitative concept which measures the value of an entity. It is applicable ranging from an individual to companies, organizations, sectors and a country as a whole. To put it simply, it is the difference between assets and liabilities. A positive net worth means assets are greater than liabilities, whereas negative net worth mean liabilities are greater than assets.

Formula:

Net Worth = Assets – Liabilities

A little more into Net Worth Concept:

Net worth conveys the financial health of any entity. Asset is anything that is owned and has a monetary value to it while liabilities is a commitment that deplete resources. Assets can be liquid or which can turn into liquid ( example: bank check ). They are non-liquid when they take time to turn into cash (like for example Home). Whereas liability is an obligation that has to be repaid ( example: home loan, car loan etc.,)

Any financial institution or 3rd party look at your assets and liabilities to understand the financial position. Positive net worth or increasing asset base indicates good financial health while negative net worth or increasing liabilities means a bad financial health condition.

It is always a good habit for any entity to maintain a reduce liabilities and increase or maintain a balanced asset base.

What does a Net Worth Mean to a person?

In simple terms, it means the value that is left after subtracting liabilities from assets. Few Examples of liabilities include car loans, student loans, home loans, credit card bills, and other mortgages etc., whereas an individual’s assets are amount in the savings account, home, vehicle, bonds, stocks and other material that has value.

In other words, whatever is left after paying off all the personal debt from asset base is net worth. It is important to understand that value of net worth varies as per the market value of assets and current debt costs.

For example:

Consider a case of Ramu Johnson. His assets include a house valued at $350000, shares worth $150000 and a car worth $35000. His liabilities include a mortgage balance of
$150000 and an outstanding car loan $15000 to be paid.

Now Ramu Johnson’s Net Worth = ($350000+$150000+$35000) – ($150000+$15000)
= ($535000 ) – ($165000)
= $370000

Assuming Ramu Johnson’s financial position after five years as follows –
House value at $350000, Shares value at $180000, savings $ 40000 and car value $25000. While mortgage loan $120000, car loan $0 (paid off).

The Net worth after 5 years would = ($350000+$180000+$ 40000 + $25000 ) – ($120000)
= $595000 – $120000
= $475000

Here it is understood that, although the fact that the value of a house and car decrease, the net worth have increased to $475000. It is because a decline in house loan is less than the overall asset base and decrease in liabilities.

Note that, an individual’s net worth can be negative if his asset base is less than liabilities.

What does net worth mean for celebrities?

Most often celebrities fall under High Net worth Individuals. And what does HNWI mean?

People with considerable net worth as called as HNWI.

Independent Charted Accounts, wealth managers and investment counsellors stay close to them making them as prime markets.

As per Securities and Exchange Commission( SEC), investors more than 1Million are considered as accredited investors to invite them to invest in unrequested securities.

Is 401k part of net worth?

As per the definition, 401K is also a part of net worth if it is calculated in terms of assets and liabilities. But, in this case, 401K have no specifics as in, therefore it cannot be measured.

What is the average American net worth?

Like any entities net worth a countries net worth can be calculated as below. It is a sum of net worth of all individuals (citizens), companies and organizations reside in America, plus countries net worth. In America, this measure is referred to as financial position.

As on quarter 1 2014, America’s financial position =
Assets ( $269.6 trillion) – liabilities ($145.8 trillion ) = $123.8 trillion.

What is a good net worth by age?

What is the net worth of the top 1%, 5%, 10%?

As in America, wealth distribution is as follows
Richest 1% of the population owned 35% of the country’s total wealth
Richest 5% of the population owned 11% of the country’s total wealth
Richest 10% of the population owned 12% of the country’s total wealth

Houses and cars of Eminem

At present, Eminem lives in his Rochester Hills mansion with a six-acre garden, eight bedrooms, and ten bathrooms. He also owns a brick mansion in Clinton Township where he is seen mostly these days. Both of his mansions are in Michigan.

Most of his luxury investments went to cars. Eminem is not just famous for his brand of music but also his expensive car collection.

He owns an Aston Martin Vantage, a Ford GT and Audi Spyder, a Porsche Carrera GT, 911 GT2 and GT3, a Ferrari 430, 575 and 599 GTO, Lamborghini Aventador, and Mclaren MP4.

He also is a formidable giver as he gifted Dr. Dre, one of the people who discovered him and his long-time friend, with a Bentley Continental, a Hummer H2 and a Chrysler 300.

Success lessons from Eminem

Build from your past.

Instead of setting revenge to those who bullied him, Eminem released all his angst and anger to music. He used it as an outlet to better himself and to turn his life around. In one of his interviews, he said, “to the people I forgot, you were not in my mind for some reason and you probably don’t deserve it anyway.”

It is okay to be different.

Eminem did not let the backlash towards his vulgar and confrontational lyrics to stop him from that genre. Instead, he owned them and proved himself that rapping is not just a black culture. He broke the stereotypes and built on his uniqueness as an artist.

Motivational Eminem Quotes

When I say or do something, I do it. I don’t give a damn what you think. I’m doing this for me. ~Eminem

Nobody likes to fail. I want to succeed in everything I do, which isn’t much. But the things that I’m really passionate about, if I fail at those, if I’m not successful, what do I have? ~Eminem

Behind every successful person lies a pack of haters. ~Eminem

And to the rest of the world, God gave you them shoes to fit you, so put them on and wear them. Be yourself man, be proud of who you are. ~Eminem

Throughout my career, I fed off the fuel of people not being able to understand me. ~Eminem

You better lose yourself in the music. The moment, you own it, you better never let it go. You only get one shot, do not miss your chance to blow. This opportunity comes once in a lifetime, yo. ~Eminem

Conclusion

Although Eminem’s career has been plagued with various controversies regarding the copying of lyrics and imitation of rapping styles which were formally filed in lawsuits, he remains to be an icon of the 1990s rap. He won three Billboard Awards, fifteen Grammys and one Academy Awards.

References:

• https://en.wikipedia.org/wiki/Eminem#Life_and_career
• https://www.hotcars.com/12-cars-in-eminems-garage-youll-never-afford-and-3-in-dr-dres/