Master P turned $10,000 and a record store storage room into a $200 million empire
Billionaires Africa | 18.06.2026 17:32
Percy Miller was sleeping in a storage room. He was 21 years old, his wife Sonya was beside him, and their infant son, the future Lil Romeo, was somewhere in the same back room of a run-down storefront on San Pablo Avenue in Richmond, California. The landlord had given him three months free in exchange for cleaning the place up. He had negotiated that deal because it was the only way he could afford to open the business. He had $10,000, the proceeds of a malpractice settlement paid out after the death of his grandfather, and he had put every dollar of it into a record store he called No Limit Records and Tapes. Outside the storage room door, the shelves held Tupac, Too Short, E-40 and Rappin' 4-Tay. Inside it, the man who would build one of the most consequential independent music businesses in American history was getting his rest before the next day's shift.
