Six-time Grammy Award-winning rapper, Coolio’s royalties, are approximately worth over $6 million, and his publishing is reportedly worth tons more.
According to Billboard, Coolio’s music royalties are “worth about $6 million” at a “12-times multiple” of about “$500,000” that it generated annually.
“At a blended rate of a 25% royalty for both streaming and sales, minus distribution and productions fees, his recorded music royalties would be about $500,000,” the outlet reported. “At a 12-times multiple, they would be worth about $6 million. If Coolio gets a 50% royalty for streaming, the estimated royalties of $893,000, so after a 14% deduction for distribution and production, a 12-times multiple would yield $9.2 million.”
Billboard added that if the late rapper “still owned his publishing, his catalog would be “worth about $2 million at a 20-times multiple” of the annual “$100,000” it generated.
“If Coolio still owned his publishing, a catalog that generated about $100,000 annually would be worth about $2 million at a 20-times multiple.”
Coolio’s streams reportedly jumped by more than 260 percent during the week he passed, the music outlet reported. The whopping percentage increase translated to over 19 million pure streams of his songs, including “Gansta Paradise.” The hit 1995 single reportedly received more than 14 million of the mentioned streams during the week of Coolio’s death alone.
“After ‘Paradise,’ the rapper’s breakthrough hit, the No. 3-peaking’ Fantastic Voyage,’ ranks second in the stream count, with 1.6 million clicks (up 809%). 1997’s ‘C U When U Get There,’ featuring 40 Thevz, comes in third (555,000; up 2,814%), with ‘1, 2, 3, 4 (Sumpin New)’ in fourth (471,000; up 1,361%) and ‘Too Hot’ rounding out the top five (178,000; up 2,445%),” Billboard reported.
Coolio tragically passed away at 59 years old in Los Angeles on Sept. 28. His shocking death sent ripples through the music industry.
