Celebritynetworth.com give Rick Ross an Ether

Hacksaw Jim Thuggin

Hacksaw Jim Thuggin

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Emadiville said:
"Does Rick Ross have $92million?

No.

What? That wasn't a good enough answer for you? What more do you need to know? You're really gonna make us get into this??? Ughhh. OK fine.

Over the last few days we've received a few angry emails and comments from Celebrity Net Worth visitors who believe our estimate for Rick Ross' net worth is way too low. We currently have Mr. Ross at $28 million. Not exactly a pittance, but according to the angry emails, this number should be raised to $92 million. More precisely, they think the number should be raised to $92,153,183.28. Where are people getting this number? None other than Ricky Rozay himself! Here's what's going on…

On March 3, 2014, Rick Ross released his sixth studio album "Mastermind". The third track of the album is called "Drug Dealers Dream". Not to be picky, but the word "Dealers" in that song title should technically be "Dealer's". That's a possessive noun. This track starts out with an audio recording of one of those automated voices reading a bank checking account balance. The automated voice dryly states: "Please hold while I locate your information. Your checking account balance is $92,153,183.28. This reflects the most current information available on your account." You can hear the track and the song opening on this Spotify embed:


Clearly the implication here is that Rick Ross called up his bank, selected the option to check his account balance and then recorded the results. All $92 million worth of results. But is this possible? Could Rick Ross really have this much money sitting in checking? Is he following the Floyd Mayweather savings and investment plan? (A few months back, Floyd Mayweather showed a reporter his ATM receipt that had a checking account balance of $125 million.) Or is this just a run-of-the-mill rapper exaggeration?


First off, if somehow this brag is true, keeping $92 million in a checking account would be a colossally stupid way to allocate money. Checking accounts might AT MOST earn around 0.50% interest nowadays. The national average is probably closer to 0.10%. Splitting the difference, Rick would be earning just $184,000 in interest per year off his massive wealth. That's not nothing, but as any basic financial planner would explain, taking the money out of checking and putting it into mutual funds, ETFs, maybe a few stocks, should conservatively be able to yield a 5% rate. That would bring Mr. Ross $4.6 million a year from interest alone. If he got lucky with the right hedge fund, Rick might be looking at $10-$15 million.

The second big problem with keeping that much money in checking is the fact that only $500,000 is insured by the FDIC. If Rick's bank goes under, which as well know isn't exactly impossible nowadays, Rick's money would evaporate overnight without any recourse.

Ok so we've established that keeping $92 million in checking is clearly a bad idea. The more important question is whether or not Rick Ross actually has $92 million in the first place. Our current estimation of Rick's net worth is $28 million. That number might go up in a few weeks when we release our annual list of the richest rappers on the planet, but we're talking about a bump of maybe $5-6 million. Definitely not $62 million. Don't trust us? Well according to Forbes, which we think is a little too conservative with their estimates, Rick earned $6 million in 2012 and $9 million in 2013. That's a grand total of $15 million during what were arguably Rick's peak earning years to date.

Let's also keep in mind that in order to have a checking account balance of $92 million, Rick would conceivably needed to earn a little less than twice that amount before taxes. And that's before he spent a dime on cars, jewelry, houses, private jets, vacations… and biggest expense of them all for Rick: Food. Even if Rick was the most penny-pinching saver in the world, we're still talking about $200-$250 million in earnings over the last 3-4 years, in order to be left with such a gargantuan bank account. Unfortunately, this isn't reality. Even for Mr. Maybach Music himself.

In conclusion, it's pretty safe to say that this is simply one rapper making an extremely over-exaggerated brag."


http://www.celebritynetworth.com/ar...rick-ross-really-92-million-checking-account/
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i want a life where having $30 milli is ether....:manny:
 
EQ.

EQ.

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Buckeye Fever said:
Ross: 92 mil

Hov: 92 bricks


:mjlol:
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DsbdEQ3.gif
 
W

wizworld

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bdirty said:
I haven't read the article yet, but I have been meaning to say something about the 92mil that made me chuckle

Why 20 something odd cents? Was the 28 suppose to make it seem realistic? Just something that made me laugh
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lol. That's exactly why they did it. If you have an interest bearing checking account you're always going to have some cents at the end of your dollars.
 
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mr.africa

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biggest expense of them all: FOOD!!!
:deadmanny::deadrose::dead:
that just hit me so hard, i was rolling around on the floor brehs.
DEAD!!!
tumblr_lzq2f9Y6jH1r2ahfqo1_400.gif
 
boskey

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CrimsonTider said:
Cash =/ net worth

You can have 92 mill cash and be worth 28 mill
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Are Ross stans/fans the only ones who do this shyt? Use 2 opposing excuses at the exact same time?

"Of course Rick Ross isn't a drug kingpin. So what if he was a CO. Santa Clause isn't real....but CO's are the biggest drug suppliers on earth so that doesn't mean he was lying"

"Of course Rick Ross doesn't have 92 million dollars. Its just a song. Its called Drug Dealers DREAM. Santa Clause isn't real....but just cuz he's only worth 28 mill doesn't mean he doesn't have 90 million dollars. So you can't say he's lying."

:patrice: Just pick one and stick with it...
 
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