Rick Ross, the hip-hop mogul, experienced a life-changing moment when he signed a million-dollar deal with Jay-Z and L.A. Reid at Def Jam in the mid-2000s. Contrary to the extravagant lifestyle often associated with the music industry, Rick Ross made a remarkable decision – he didn’t spend a dime of that first million dollars.
In a recent interview on the season one finale of Daily Deposits Miami, which premiered on September 19, Rick Ross shared the story of this pivotal moment in his career.
For Rick Ross, amassing one million dollars had always been a significant financial goal. However, as he reflected on the deal he secured with music industry giants Jay-Z and L.A. Reid, he realized that achieving that initial million-dollar milestone was just the beginning of his financial journey.
Rick Ross recounted the pivotal moment, saying, “It’s like when I signed, when I did my deal with Jay-Z and L.A. Reid – I got a mil ticket off the rip. You see?” he began. “So when I got it, the plan changed right then. Because it was one point, it was one time when my goal was to get a mil. Rozay wanted to be a millionaire. But the closer I got, the closer I got, the realer it became, then it was f**k a mil. Boom, you get that right off the rip. Boom, you gotta readjust the sh*t. Now it’s $5million. You know what I’m saying?”
Rick Ross’s response to this financial windfall was unconventional, especially in an industry known for lavish spending. He decided not to splurge on extravagant purchases like many others might have. “So when I got my first mil ticket, I was so motivated, so inspired, I ain’t touch that. I ain’t even buy a car. I had already had a Maybach. I already had the white BMW with the white rims on it and all that. I ain’t even wanna spend that. Because you know, I’m the type of n***a – I’ll spend. You feel me?
“So I said, ‘N***a, I’m finna stack.’ So I just wanted to stack money. I had a hit record, I was doing shows. This all new to me. You gotta remember, before this I had been making music 15 years and really ain’t got nothing really from it.”