Net Worth: $5.5 million
Date of Birth: November 26, 1990
How He Makes Money: Rapping, YouTube royalties, podcast hosting, clothing design, restaurant earnings.
Chip, previously known as Chipmunk, is a British rapper born in Tottenham in North London. Chip's net worth is estimated at $5.5 million.
This net worth article will review how Chip makes his money in the music industry, and how he spends it. We also look at some career highlights.
How Chip Makes Money – His Career
Chip's love for music began in his youth as he regularly recorded music at age 13. He would use local recording studios at 20 pounds per rental.
The British rapper primarily releases grime and hip-hop songs. Before his musical career, he wanted to become an Arsenal footballer, but the music notes manifested as his career path instead.
Dizzee Rascal and Wiley were his musical inspirations. The 2006 YouTube hit “Who Are You” garnered more than three million views on the video platform.
Chip received accolades at the 2008 MOBO Awards. He won Best Hip-Hop Act and the reward for Best UK Newcomer.
He won Best Hip-Hop Act again during the 2009 MOBO Awards. Chip collaborated with Emeli Sande later that year to produce the song “Diamond Rings.” The song received an award for Best British Single and an MP3 Award that he earned from the 2009 MP3 Awards show. “Diamond Rings” reached the sixth position on the UK Singles Chart.
Chip released his first studio album, I Am Chipmunk, in 2009. When it was released, it ranked second on the UK Albums Chart. The best hit single from the album, Chip Diddy Chip, was a song he wrote independently. It ranked in the 21st position on the iconic UK Singles Chart.
His next album, Transition, hit the markets in April 2011. Songs on the album featured many American and British singing greats: Chris Brown, Wretch 32, Keri Hilson, Kaleena Harper, and Trey Songz. The most successful hit single from Transition was “Champion,” featuring Chris Brown. “Champion” stayed in the top 10 on the British music charts for five weeks.
The “Londoner” single he independently released featuring other notable artists could be downloaded without charge to his fans as of Christmas Day 2012. Fast forward to 2017, Chip released his third professional album, League of My Own II, which was a sequel to the first League of My Own album he released in 2008.
The Motto Podcast
The Motto Podcast is a project that Chip started in October 2022. In the first episode he released, he speaks with his friends in the industry, Kritikal and DJ Ironik. Ashley-Rae, his music manager, narrated the first podcast to pass the talking torch between the three gentlemen.
The podcast discusses how they got to know each other and how they are all making revolutionary moves in the British music industry. The first installment of the series has 97,000 views. YouTube creators make an average of $5 per 1,000 views on their videos when it's longform and engaging. This means that Chip has made about $485 since he posted this podcast on YouTube.
Chiptubeofficial is the name of Chip's official YouTube handle. He has about 327,000 subscribers. The channel gets about 639,000 views each month. Going with the $5 per 1,000 views average calculation again, this means that Chip nets about $3,195 per month from YouTube royalties.
Chip owns the company Cash Motto, where he continues to release his music independently and clothing designs of his own. Concept art from his albums is placed on hoodies and T-shirts, which are sold in conjunction with his CDs and cassette tapes.
Members of the sub-branch CM Guidance gain access to digital modules and self-guided lessons on how to become a musician independently. The yearly membership cost is 99 pounds (about 120 USD).
Digital Music Sales
Chip sells his digital music exclusively on his official website. Stream on Spotify, Tidal, Deezer, or Apple Music. Purchase a copy of one of his digital songs from Amazon CD, Google Play, or the iTunes Store. The digital copy would be yours to keep forever after the final digital purchase.
The British rapper's physical CD copies usually cost 10 pounds on Amazon (about 12 USD). When he is not making money from CD and digital music sales, he makes money from fans streaming his music.
Chip has 1,085,051 monthly listeners on Spotify. Musical artists featured on Spotify receive a mid-range of $0.003 every time a fan streams one of their songs.
How much money does Chip make on Spotify streams? If Chip's fans stream one song each month, that's a base monthly earnings of $3,255.15 or $39,061.80 every year. He can earn higher as fans stream more songs on Spotify.
The CM Brunch
Chip has run The CM Brunch at M Restaurant in the UK. The high-class eatery is open to only paying members. Membership enrollment reopens on January 15, 2023. Membership dues are 700 to 1,200 pounds per annum, depending on the membership tier that you select.
Members receive 15% off the ticketed price of food and drinks at all locations. Plus, you can take advantage of networking events to expand your career and connections with colleagues, amongst other membership perks.
Chip's career highlights include:
- “Diamond Rings” hitting #6 in the UK Singles Chart was the first time any of his songs reached the top 10 on the British music charts.
- In 2007, Chip got his first big break at Tim Westwood's radio show. Wiley, one of his idols, brought him to the show, and he did a freestyle rap with Ice Kid.
- The latest music release of 2021 is Snakes and Ladders, mixtape #11.
- His song “Oopsy Daisy” became certified Platinum in December 2021.
- Chip's song “Champion,” featuring Chris Brown, was certified platinum in March 2022.
- According to a Tweet on the 19th of February 2020, he plans to retire from the rap game by age 35, which will be in 2027, but we have yet to see if that happens for real or not.
How Does Chip Spend His Money?
Chip supports luxury clothing brands and recreational vehicles. He has a distinct taste in what he wears and drives.
The Che Studios Menswear
Chip sports Che Studios menswear clothing on social media. He loves the modern clothing trends the company presents, selling polos, knits, trousers, swimwear, and other styles. Styles can range from a little over a hundred to a couple of hundred dollars, with some Harlow collection polos starting at $160 each.
Chip loves riding quad bikes. Unfortunately, in 2014, he had a quad bike accident that prevented him from going on a planned trip to Los Angeles. He was going to finalize some musical releases to cease his hiatus from the rap game since 2011. However, he had to recuperate in the hospital until he was well enough to fly in an airplane again.
How Chip Got On His Path
Chip was born Jahmaal Noel Fyffe on November 26, 1990, in Tottenham, North London, England. He chose his stage name because, as a teen, he was short in stature with teeth that looked like a chipmunk. The rapper renamed himself Chip at age 21 to show his growth from a teen rapper into an adult.
Chip is most well-known for his hit single, “Oopsy Daisy,” which he released in 2011. Its debut hit the first ranking on the UK Hit Singles chart.
Starting his music career a few years before age 18 helped him perfect his craft and drop more creative bars. Once his music helped him succeed, he turned around and invested in entrepreneurial ventures such as Cash Motto and CM Brunch.
Chip's Net Worth, Final Thoughts
So, how much money does Chip make? Chipmunk's net worth is estimated to be $5.5 million.
What is your favorite song from Chip? Join in the conversation in the comments below.