Wiz Khalifa’s net worth is $31 million. Our Wiz Khalifa net worth figure is based on income from music sales, concerts, YouTube, merchandise, endorsements and other income streams.
Album sales account for only $2.6 million of the Wiz Khalifa net worth total. Singles sales add another $3.8 million. The bulk of the Wiz Khalifa net worth sum comes from $32 million in concert box office earnings. Another solid $15 million in ad revenue from YouTube chips in to the Wiz Khalifa net worth picture. The star has earned another estimated $6.4 million in merchandise and $5 million in endorsement deals. All in all, Khalifa has earned a total of $71 million over the course of his career.
Subtracting from Wiz Khalifa’s net worth is about $28 million in taxes and $10 million in expenses.
Wiz Khalifa Net Worth Facts
|Wiz Khalifa Net Worth:||$31 million|
|Wiz Khalifa net worth vs Dr. Dre net worth:||24 times smaller|
|Wiz Khalifa net worth vs Jay Z net worth:||17 times smaller|
|Wiz Khalifa net worth vs Nicki Minaj net worth:||About half|
|Wiz Khalifa net worth vs Kanye West net worth:||About half|
|Wiz Khalifa net worth vs Lil Wayne net worth:||About half|
|Wiz Khalifa net worth vs Beyonce net worth:||12 times smaller|
|Wiz Khalifa net worth vs Taylor Swift net worth:||8 times smaller|
|Wiz Khalifa net worth vs Rihanna net worth:||9 times smaller|
|Wiz Khalifa net worth vs Selena Gomez net worth:||30% smaller|
|Wiz Khalifa net worth vs Barack Obama net worth:||10 times larger|
|Wiz Khalifa net worth vs typical American household net worth:||457 times larger|
Also see: Jay Z Net Worth
Wiz Khalifa’s net worth of $31 million is 24 times smaller than Dr. Dre’s net worth of $756 million. Jay Z has 17 times more net worth than Wiz Khalifa with $514 million. Nicki Minaj has a net worth of $65 million. That’s twice as big as Wiz Khalifa’s net worth. The Wiz Khalifa net worth fortune is about half the size of Kanye West’s and Lil Wayne’s.
How does Wiz Khalifa’s net worth stack up against the President of the United States? Barack Obama’s net worth is $3.2 million. That’s 10 times smaller than Wiz Khalifa’s net worth. Finally, Wiz Khalifa has 457 times more net worth than the typical American family’s wealth pile at $68,000.
Wiz Khalifa Net Worth Over Time
Digging into album sales, concert tours, YouTube and other earnings and applying tax brackets and expenses gives a fair picture of Wiz Khalifa’s net worth over time.
|Wiz Khalifa Net Worth 2015||$31,796,623|
|Wiz Khalifa Net Worth 2006||$559,455|
|Wiz Khalifa Net Worth 2007||$1,136,008|
|Wiz Khalifa Net Worth 2008||$2,575,522|
|Wiz Khalifa Net Worth 2009||$5,868,917|
|Wiz Khalifa Net Worth 2010||$7,842,356|
|Wiz Khalifa Net Worth 2011||$16,818,634|
|Wiz Khalifa Net Worth 2012||$20,417,942|
|Wiz Khalifa Net Worth 2013||$22,606,778|
|Wiz Khalifa Net Worth 2014||$28,628,192|
Khalifa’s fans don’t have to wait for new songs to come out to feel his wizdom. The rapper/poet shares his thoughts on life daily on his Twitter feed. On 12/29/15, he shared the insight below.
Don’t be like RIccy Bobby and crash and burn before you realize the simple things are all that matter.
— Cameron (@wizkhalifa) December 29, 2015
Wiz Khalifa Net Worth Breakdown
To get a clean picture of where the Wiz Khalifa net worth total comes from, take a look at the chart below.
45% of Wiz Khalifa’s net worth comes from concert sales. That’s not surprising, as the young rapper tours consistently, sometimes performing over 100 shows a year. Only 9% of the singer’s net worth comes from sales of albums and singles. $15 million or 21% of the Wiz Khalifa net worth pie comes from YouTube. That’s a big chunk, pointing to the star’s popularity with younger audiences and his smart decision to opt out of having a Vevo channel.
9% of Wiz Khalifa’s net worth comes from merchandise sales. That’s a much bigger chunk than most stars, owing to younger audiences who shell out more at concerts. Another 7% of Khalifa’s earnings comes from endorsement deals, with 9% in the form of investment income.
Wiz Khalifa has released 5 studio albums and 11 mixtapes and sold over 2 million album copies. All together, Khalifa has earned $2.7 million from album sales. While that’s not a lot for a major recording star, album sales have served as a springboard for a heavy concert tour schedule and high dollar merchandise sales. In that regard, album sales are the foundation of the Wiz Khalifa net worth saga.
Recording stars earn 6.6% of the money from every song they sing, and another 4.5% if they write the song. Khalifa writes his own music and earns an estimated 11.1%.
|Album Sales and Wiz Khalifa Net Worth||Year||Units Sold||Unit Cost||Revenue||Wiz Khalifa %||Wiz Khalifa Earnings|
|Total Wiz Khalifa Net Worth from Album Sales||2,175,000||$2,653,261|
|Show and Prove||2006||50,000||$10.99||$549,500||11.10%||$60,995|
|Deal or No Deal||2009||50,000||$10.99||$549,500||11.10%||$60,995|
|Rolling Papers 2||2016||N/A||N/A||N/A||N/A||N/A|
Also see: Lil Wayne Net Worth
Khalifa’s first single in 2007, Pittsburgh Sound, sold 50,000 units. His first big hit, 2008’s Say Yeah sold 500,000 copies and was awarded the RIAA Gold certification. The star’s first platinum hit was 2010’s Black and Yellow, with 3.75 million copies sold. Other hits include Roll Up at 1.1 million copies, No Sleep at 2 million copies, Young, Wild & Free at 3.75 million copies and See You Again at 3.8 million copies.
Khalifa’s love of recording songs with other performers cuts into his percentage somewhat. Even so, singles sales have added $3,806,000 to the Wiz Khalifa net worth tale.
Also see: Nicki Minaj Net Worth
Concerts are the biggest contributor to the Wiz Khalifa net worth picture with $32 million in earnings. The star is notorious for touring almost obsessively, sometimes putting on over 100 shows a year. 2009’s Deal or No Deal was the star’s debut tour, pulling in an estimated $5 million in revenue. Big name singers typically earn 85% of concert earnings according to industry estimates. That means Khalifa earned about $4.25 million for the Deal or No Deal tour.
The tar’s most lucrative tour so far was Rolling Papers in 2011. That tour brought $15.3 million to the Wiz Khalifa net worth total. the American Beauty / American Psycho tour brought in the least money for Khalifa, since he was the opening act for Fall Out Boy and had to take a smaller share of the proceeds.
|Concert Tours and Wiz Khalifa Net Worth|
|Total Wiz Khalifa Net Worth from Concerts||$31,933,333|
|Tour||Year||Revenue||Wiz Khalifa %||Wiz Khalifa Earnings|
|Deal or No Deal||2009||$5,000,000||85%||$4,250,000|
|Blacc Hollywood Big Secret||2014||$10,000,000||85%||$8,500,000|
|American Beauty / American Psycho (with Fall Out Boy)||2015||$10,500,000||10%||$1,050,000|
One big surprise in the Wiz Khalifa net worth mix is YouTube earnings. Most stars earn a decent amount of money from YouTube, but Khalifa outdoes even bigger stars. For example, Kanye West is arguably a much bigger star than Khalifa, but West’s YouTube channel has 1.4 billion views compared to Khalifa’s 2 billion. One reason might be Khalifa’s youth appeal.
Either way, 2 billion views translates to a lot of cash. Industry analysts estimate 1,000 YouTube views translates to about $7.60. That means Khalifa has earned $15 million from YouTube ad revenue alone.
|YouTube||Views||Earnings per 1,000 Views||Wiz Khalifa %||Wiz Khalifa Earnings|
|Wiz Khalifa Channel||1,993,047,549||0.0076||100%||$15,147,161|
It’s not known exactly how much of Wiz Khalifa’s net worth comes from endorsements. However, Khalifa does have some endorsement deals, most notably a high dollar deal with Converse. We estimate Khalifa earns about $500,000 a year from endorsements. While that’s low compared to higher profile stars like Jay Z and Nicki Minaj, it still adds up to a tidy $6.4 million over the course of a ten year career.
Another place Wiz Khalifa excels is merchandising. Analysts report that Khalifa earns more per fan in merchandise sales than much bigger stars like Justin Bieber and Taylor Swift. The reason might be Khalifa’s singular message. The rapper is a huge proponent of marijuana, and his fans seem to like the message enough to buy the merch. Wiz Khalifa rolling papers, hoodies, tee shirts and hats stuff Amazon’s warehouses. Check out what a search for “Wiz Khalifa rolling papers” turned up at Amazon in the screen grab below. Wiz Cone anyone?
Based on merchandise earnings at 20% of concert revenue, Wiz Khalifa’s net worth has benefited from $6.4 million in merchandising over the course of his career.
Taxes, Expenses, Investments
The star is in a 39.6% federal tax bracket. Living in Philadelphia, PA, his state tax bracket is capped at 3.07%. That means Khalifa pays a grand total of 42.67% in taxes. Applying that to his yearly earnings gives a career tax bill of $27.7 million. Figuring 15% of Khalifa’s income gets spent on expenses for things like cost of living, agents, staff and operating costs, we estimate the rapper has spent $9.7 million on expenses.
As far as investments go, Khalifa has probably done something with his earnings other than sticking them in a shoe box. Though he has famously stated that he spends $10,000 a month on marijuana, after that’s squared away he’s probably still got net earnings of $27.5 million over the past 10 years. Growing that at a rate of 6% would give Khalifa another $6.3 million in investment income. That’s $3.6 million after taxes.
Putting it all together, $65 million in career earnings minus $28 million in taxes and $10 million in expenses plus $3.6 million in investments gives us our $31 million Wiz Khalifa net worth figure.
Wiz Khalifa Net Worth: The Full Breakdown
Putting together all the Wiz Khalifa earnings sources we list above, we’re able to get a pretty fair idea of the pot prophet’s net worth.
|Year||Income from Music, Concerts, YouTube, Merchandise, Endorsements||Taxes on Income and Investments (42.67%)||Wiz Khalifa Expenses (Figured at 15% of income)||Investment Income (Figured at 6%)||Wiz Khalifa Net Worth|
Also see: Kayne West Net Worth
In the table above, we’ve added Wiz Khalifa’s earnings each year by totaling up all income sources for the year. We’ve applied standard tax brackets and expense estimates, plus estimates for investment income. To see where we got our numbers, take a look at the sections below. Doing the math on all the categories gives the Wiz Khalifa net worth number for each year, finishing at our $32 million dollar estimate in 2015.