The 23rd of February 2022 will always be remembered as the day when Mzansi lost one of its greatest rappers.
Rikhado Muziwendlovu Chifaro Makhado, who was known by his stage name- Riky Rick was an award-winning South African rapper who also dabbled as a music producer, entrepreneur, and fashion designer.
Here is a look at Riky Rick’s net worth, sources of wealth, and the legacy he left behind. He will surely be missed by many.
What was Riky Rick’s net worth?
At the time of his death, Riky Rick’s net worth was estimated at between $2 million and 3.5 million, earning him a spot among the most successful rappers in South Africa.
Here is a look at Riky Rick’s sources of wealth that contributed to his massive net worth.
Riky Rick the musician
Riky Rick was one of those people who were born with musical gifts and from a young age, he learned how to play various musical instruments.
In 2008, Riky Rick launched his music career with the release of his first single Barbershop in collaboration with Da LES but it was his hit song Nafukwa that got him nationally recognized in 2014.
He continued to produce more music and in 2015, he released his debut album Family Values which was certified by the RISA (Recording Industry of South Africa.)
By the time of his death, Riky Rick had one studio album, three EPs and several singles and mixtapes to his name. During his career, he was able to work with some big names in the Hip Hop industry including Cassper Nyovest, Major Leaguez DJs and Alie Keys and he had a couple of prestigious awards to his name.
The money he made from his work as a talented musician from live performances, album sales and royalties and licenses brought in a lion's share of Riky Rick’s net worth.
Riky Rick the entrepreneur
Besides being a gifted rapper, Riky Rick was also a music producer and a gifted fashion icon with a sharp business mind.
As a producer, he founded Cotton Club Records in partnership with Sony Music. In 2018, he co-founded Cotton Fest- an event that brings together celebrities and musicians to celebrate Riky Rick’s two main passions- music and fashion.
Riky Rick also co-owned a barbershop called the Legends Barber which provided haircuts and grooming services for men.
Along with his music and businesses, Riky Rick also made a substantial amount of money from his endorsement deals with big brands.
Some of the brands that Riky Rick got to work with include the following:
- Russian Beer
- African Bank
Riky Rick’s cars and house
With millions to his name, Riky Rick could easily afford to live a comfortable life and he did. He resided with his wife and children in a Johannesburg home.
Known for his taste in sleek cars, Riky owned a couple of pricey machines including a Mercedes Benz AMG GTS Coupe and a Ferrari, both of which are estimated to have cost several millions of rands but that was just a fraction of Riky Rick’s net worth.
Riky Rick’s legacy
Besides leaving behind great timeless music, the Cotton Fest is also one of Riky Rick’s legacies that will hopefully live on for generations.
The 2022 Cotton Fest which was held on the 23rd and 24th of April was a great success, and we think it was a great way to keep Riky Rick’s memory alive.