How Matt Rife Earns And Spends His $30 Million Fortune (2024)

Matt Rife, a young comedian and actor, has amassed considerable wealth in just a few short years.

He first shot to fame by participating in stand-up comedy shows, before being offered a role in the prominent sitcom Anger Management.

At the age of 28, Matt Rife's net worth is estimated at around $30 million, due to his success in comedy and acting.

Rife quickly made a fortune by investing wisely in real estate and raking in money through comedy tours, movie roles, and social media sponsorships.

Yet, with a promising future, he is still at an early career stage with significant room for more wealth accumulation.

Rife is one such youthful entertainer who had a meteoric rise to fame and became rich at an extremely early stage in life.

Updated, May 2024: In late May, Deadline.com reported that Matt Rife was officially the "most watched" stand-up comic on the streaming platform Netflix in 2023.

Netflix indicated that Rife bested industry big-shots like Shane Gillis, Tom Segura, Mike Birbiglia, Ricky Gervais, Trevor Noah, and Dave Chappelle, though the latter three comedians' specials were released late in the year:

"Matt Rife: Natural Selection, which was released in November, was watched for 13.5M hours ... On the back of that special, Rife has been signed up for two further specials and is now developing a sitcom at the streamer."

Per the outlet, Rife faces stiff competition in holding the title in 2024:

"In the first half of 2024, Netflix has released specials [by] the likes of Pete Davidson, Jack Whitehall, Taylor Tomlinson, Mike Epps, Hannah Gadsby, Brian Simpson, Dave Attell, Neal Brennan, Jimmy Carr and Katt Williams.

"That [viewing] data will likely be revealed in six months."

Earns: Acting Roles In Films And Television Shows

It was only in the relatively recent year of 2015 that Matt Rife first landed a major acting role – a part in Anger Management, which starred Charlie Sheen.

It resulted in more television opportunities, such as featuring in K.C. Undercover and Wild' n Out. Subsequent roles in films such as 22 Jump Street and Brotherly Love made Rife famous quickly, adding to his celebrity status and earning potential.

Rife can serve as an ascending comedic actor who uses his talent to acquire salaries, royalties, and usage fees for television and film projects that want a young actor with credible comic competencies.

Spends: Extravagant Lifestyle

With his stand-up comedy tours and acting gigs already taking him across the country, Matt Rife also indulges in lavish getaways and destination vacations when his schedule allows.

He often jets to exotic locales like Bora Bora, Santorini, Paris, and Dubai with friends, staying at five-star resorts and chartering yachts to travel in style.

Rife spares no expense on experiences, splurging on expensive champagne, meals, and adventure excursions during his trips.

His substantial wealth enables extravagant, luxurious travels across the world's most exclusive bucket-list locations.

Earns: Stand-up Comedy Tours

Stand-up comedy has been Matt Rife's passion from a young age. He relentlessly toured comedy clubs, honing his craft early on.

Now, with greater fame, Rife headlines sold-out shows across leading comedy venues. His observational style and persona resonate with audiences, as he thoroughly entertains crowds during his multi-city tours.

Ticket and merchandise sales from his comedy shows provide a lucrative income stream. As his fame grows, so does his earning potential in terms of enabling him to command higher performance fees.

The comedy touring business is a fundamental component of Rife's income portfolio, leveraging his talents on stage in front of live audiences nationwide.

Spends: Real Estate Ventures

Having spent large amounts of the fortune he gained at high speed, Matt Rife sunk some of it into invaluable properties.

Recently, he bought a huge house in Los Angeles worth over $5 million. The property features opulent facilities such as an infinity pool, home theater, and sauna room across eight thousand square feet.

Rife also owns a $3 million apartment in a sophisticated part of Miami, with expensive furniture and modern appliances. In addition, he expends a considerable amount buying and taking care of his Bentley Bentayga SUV.

Rife enjoys this kind of life in lavish mansions in the hottest cities, as is common for a VIP celebrity.

Earns: Livestreaming Income

Being one of the most popular comics in the world, Matt Rife utilized his strong popularity on social networking sites to earn big money.

Rife has solidified his digital footprint on Instagram (with over two million followers and growing), YouTube, and TikTok. He earns through sponsored content where major brands enable him to monetize his social media clout.

Advertising products organically to his millions of followers offers great advertising exposure for brands, while fetching him handsome sponsorships of five to six figures per post.

Rife's partnerships are particularly lucrative,leveraging his large audience with strategic social media marketing.

Spends: Philanthropy And Donations

Matt Rife overcame poverty and became financially comfortable, and he now shares his wealth with others who face similar challenges.

After the Pulse nightclub shooting, he donated $100,000 dollars to an Orlando victim's GoFundMe. Rife also contributes funds and awareness to such cases as the fight against racial inequalities, gay, transgender, queer, questioning and intersex individuals, and cyberbullying.

He has recently supported entities like the Peanut Butter Falcon Foundation, which uplifts youth with disabilities.

Rife is dedicated to this cause because he had dyslexia growing up and supports education initiatives through donations and volunteering.

He gives away the wealth that he has accumulated because of his spirit of generosity.

Earns: Investments In Stocks, Real Estate And Startup Companies

Having amassed millions in comedy and acting earnings, Matt Rife has wisely invested portions of his wealth for further growth.

He has stakes in promising startups like lifestyle brand Deer Dana and social justice organization BLD PWR. Additionally, Rife invests in an array of stocks and bonds, aiming to build his portfolio over time through compounding gains.

On the real estate front, he has purchased lavish homes in Los Angeles and Miami. His venture investments, equity holdings, and property acquisitions effectively diversify his income streams while steadily amplifying Rife's net worth.

Spends: Generosity Toward Friends

Despite having already acquired immense wealth at age 20, he ensures that those who matter most receive a share of his fortune.

By way of appreciation, Matt Rife bought a house for his parents – and covers all their living expenses – because they allowed him to pursue his passion with their support from childhood.

Rife also takes his friends on exotic-paid all-expenses-trip getaways. He spent over $100,000 on planning for his sister's wedding, and footed the entire bill.

He gives opulent Christmas presents, such as new cars and shopping sprees costing tens of thousands of dollars. Rife's astonishing achievements translate into extravagance for his family and closest friends.

Earns: Other Business Ventures

Matt Rife On Wild ‘N Out

Matt Rife operates several commercial opportunities besides acting and comedy, by taking advantage of brand-expanding in additional initiatives.

Rife partnered with Cameo and Clubhouse to create innovative avenues for celebrity monetization through eCommerce and new tech.

In addition, he provides career counseling for those who wish to become actors and entertainers. A techy young influencer, Rife leverages alternative income streams in his ventures.

Spends: Paying Bills

Comedian Matt Rife At The Gym

Matt Rife's incredible wealth comes with extensive costs to maintain his A-list celebrity lifestyle, and to support his loved ones.

With multiple mega mansions, Rife pays hundreds of thousands annually in mortgages, property taxes, utilities, and maintenance fees alone.

Factoring in the costs of private flights, security teams, expensive vehicles, taxes, insurance policies, extravagant shopping habits, and sizable contributions for family needs, his overhead totals millions per year.

However, Rife's net worth and massive income streams sufficiently cover the exorbitant bills generated by his luxurious living standards.