Rick Ross is a multi-faceted boss.
Over the years, the rapper-turned-businessman has been making lucrative moves across real estate, cannabis, restaurants, health care and more, as previously shared by AFROTECH.
The biggest boss himself is pulling up to AFROTECH Conference 2023, held from Nov. 1-5, as the headliner of the music stage in Austin, TX.
“Being the headliner at AFROTECH Conference Music is more than just a performance to me,” Rick Ross told AFROTECH. “It’s an opportunity to inspire the next generation of hustlers, creators, and innovators. It’s a chance to showcase the power of hard work, dedication, and staying true to your dreams.”
Fellow artists include DJ Hunny Bee, DJ Spin, and Soulection.
To learn more about how to attend Rick Ross’ performance at AFROTECH Music andsnag your ticket to AFROTECH Conference 2023, click here.
One of Rick Ross’ numerous endeavors has been purchasing Wingstop franchises, which he has been doing since 2011. Rick Ross’ first Wingstop franchise was opened in Memphis, TN.
“After tasting Wingstop’s signature Lemon Pepper-flavored wings in Miami, I knew this was a franchise I wanted to add to my investments,” Rick Ross explained in a press statement.
“It’s time for us to make it happen in Memphis,” he said, per QSR Magazine. “With Wingstop, we are bringing in the food I like and adding jobs to the community. It’s a double win.”
After over a decade of securing locations of the popular American international chain, Rick Ross has nearly 30 of them under his belt, according to Mobile Cuisine. The venture has proven lucrative for him as it’s reported that the stores’ generated sales make him $200,000 annually, as AFROTECH previously reported.
Rick Ross has also made his ownership of Wingstop locations into the start of a family legacy. In 2021, he bought a Wingstop franchise and gifted it to his son, William L. Roberts III, for his 16th birthday.
Rick Ross’ entrepreneurship is now being taught. As AFROTECH has shared with you, a fall semester course is offered at Georgia State’s College of Law.
“When I began my research on Ross, I realized early on that my students would learn about a businessman who turned his love of music into an empire that includes massive real estate holdings, food and beverage franchises, investments in the car and bike industry, literary works and corporate equity ownership,” Professor Mo Ivory, director of the college’s Entertainment, Sports & Media Law Initiative, said according to Fox 5 Atlanta, GA.
Ngozi Nwanji
Ngozi Nwanji is a Nigerian-American journalist, writer, and content creator from and based in Silver Spring, Maryland with a passion for storytelling, media representation, and music. Along with writing for AfroTech, she's the founder of her own entertainment website, Z's P.O.V — a platform for underrated music and Black creatives.
See more materials by Ngozi
FAQs
After over a decade of securing locations of the popular American international chain, Rick Ross has nearly 30 of them under his belt, according to Mobile Cuisine. The venture has proven lucrative for him as it's reported that the stores' generated sales make him $200,000 annually, as AFROTECH previously reported.
How many Wingstop locations does Rick Ross own? ›
Rick Ross owns about 25 Wingstop locations.
What is Rick Ross position in Wingstop? ›
The rapper's journey with Wingstop started over a decade ago with some lemon pepper wings. Now, he owns around 30 units and is practically inseparable from the chicken wing franchise's image.
What kind of business does Rick Ross own? ›
A longtime fan of Wingstop's lemon-pepper wings, Ross bought his first franchise in 2011 and has had as many as 30 restaurants (but currently owns just one). In recent years, his fast-food portfolio has expanded to include a handful of Checkers and Rally's; he has also dabbled in hair-care and hemp products.
Who is the main owner of Wingstop? ›
The restaurant chain was founded in 1994 in Garland, Texas, and began offering franchises in 1997. As of 2022, Wingstop had over 1,400 restaurants. The chain is headquartered in Addison, Texas. In 2003, the chain was acquired by Gemini Investors, which sold it to Roark Capital Group in 2010.
How much does Rick Ross make monthly? ›
According to legal documents from his child support case with his ex-girlfriend, Rick Ross's monthly income was $585,000 in 2020/2021.
What is Rick Ross' net worth in 2024? ›
According to The Richest, Rick Ross's net worth is estimated at $150 million as of early 2024, while 50 Cent's net worth is estimated to be around $40 million as of March 2024.
Is owning a Wingstop profitable? ›
Are Wingstop franchises profitable? Yes. According to external research, the average initial investment to open a new Wingstop restaurant is $631,695 and the average annual sales per outlet are $1,460,459.
What celebrity invested in Wingstop? ›
Rick Ross' investment in Wingstop appears to be a wise business decision. Forbes reports that Ross' interest in the fast-casual restaurant chain dates back to the early 2000s, but it was not until launching his music career that he became inspired to purchase a franchise.
Why is Wingstop so popular? ›
Wingstop quickly became a fan favorite when we first opened our doors in 1994. Our proprietary recipes, outstanding food and superior customer service created a demand that could only be satisfied by more locations.
Ross entered the music industry with a unique voice that has taken him to the most impressive heights during his career. He founded Maybach Music Group and has fostered the music careers of artists such as Meek Mill and Wale. Ross is also an entrepeneur who bases most of his businesses in the city of Miami.
How many cars does Rick Ross own? ›
Rick Ross has a collection of more than 100 cars, which he showed off at his annual car show. It's hard to disagree that there's a better collection... Rick Ross has an impressive car collection, and he's... It would be nice to go and see his collection at his annual show.
Who are the top 3 richest rappers? ›
Who is the richest musician in the world 2024? Top 11 richest rappers in the world, Eminem, P-Diddy net worth
- Jay-Z - $2 billion. With a reported net worth of $2 billion, money is certainly not one of Jay-Z's 99 problems. ...
- P Diddy - $800 million. ...
- Dr. ...
- Ye - $400 million.
Rick Ross has also made his ownership of Wingstop locations into the start of a family legacy. In 2021, he bought a Wingstop franchise and gifted it to his son, William L. Roberts III, for his 16th birthday. Rick Ross' entrepreneurship is now being taught.
How many locations does Wingstop have? ›
Wingstop and We Don't Stop
Today there are more than 2,000 restaurants open across the globe.
How many Wingstop stores are there in the US? ›
As of June, 2024, there are 1935 Wingstop restaurants in the United States. These restaurants are located in 46 states and territories and 1037 cities.
How much is the owner of Wingstop worth? ›
The estimated net worth of Charles R Morrison is at least $29 Million dollars as of 2024-09-03. Charles R Morrison is the Chairman and CEO of Wingstop Inc and owns about 76,662 shares of Wingstop Inc (WING) stock worth over $29 Million.
