Snoop Dogg is one of the pillars of the hip-hop industry as he had been a musician for decades and released countless tracks that the public loved to listen to. However, he revealed a shocking information recently that he only earned way too less even though he had billions of streams on a music platform.
The rapper recently appeared in an episode of the "Business Untitled" podcast where he shared how much money he made after garnering over a billion views on spotify.
"In the streaming world, I could show you right now, they sent me some s*** from Spotify where I got a billion streams," he said.
When his publisher approached him, he said to break down the money he made, and he later found out that it "wasn't even $45,000."
Snoop Dogg Net Worth 2023
According to Marca, Snoop Dogg is not only a rapper, but also a composer, a singer, a TV personality, as well as an entrepreneur.
His estimated net worth is reportedly around $150 million as of 2023. None of this would be possible if he wasn't discovered by Dr. Dre back in 1992 as his career started to become successful starting that year.
Ever since, he was able to release some of the most iconic tracks of all time that people still listen to today.
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The outlet noted that some of his businesses include a cannabis-related company, but one of his biggest investments was becoming the majority owner of the famed Death Row Records.
The purchase happened in February 2022 as Snoop Dogg is now the rightful owner of the brand name rights after he got it from a private equity company called Blackstone.
Spotify's Rule About Money
According to XXL Mag, Spotify will be changing the way people could earn money from streams starting this January 2024 as tracks need to have at least a thousand annual streams before it gets qualified for royalty payments.
"Often, these micro-payments aren't even reaching human beings; aggregators frequently require a minimum level of [paid-out streaming royalties] before they allow indie artists to withdraw the money," a source told Music Business Worldwide last month.
A representative for the music subscription-based streaming platform shared a statement regarding the matter, saying: "We're always evaluating how we can best serve artists, and regularly discuss with partners ways to further platform integrity."
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