Celebrities

The first car Eminem bought after making it was sold by him for $28k 3 years later

  • The first car that Eminem invested in when he made it in the music industry might surprise you
  • One of the most popular muscle cars in history felt like the logical choice
  • It’s custom color made perfect sense, too

Published on Jun 03, 2024 at 8:28 PM (UTC+4)
by Amelia Jean Hershman-Jones

Last updated on Jun 04, 2024 at 4:18 PM (UTC+4)
Edited by Kate Bain

After making it big in the music industry, rapper Eminem made sure to invest in some wheels – and a Ford Mustang Convertible was the obvious choice of car.

Eminem, aka Marshall Mathers, had just dropped his second album, The Slim Shady LP, in 1999, with hits including the iconic track, My Name Is.

First introduced in 1964, the Ford Mustang Convertible was one of the most popular muscle cars in history.

READ MORE: Timeless! Inside Jay-Z’s epic multimillion-dollar watch collection

This fourth-generation Ford Mustang Convertible was at first red, but, inspired by one of his mentor, Dr. Dre’s hits, and the image on his album cover, he painted it purple and fitted chrome wheels.

While Dr. Dre is a fan of supercars, with his car collection including Rolls-Royce and Cadillac, Eminem opted for something far more down to Earth.

The first car Eminem bought after making it was sold by him for $28k 3 years later
eBay
The first car Eminem bought after making it was sold by him for $28k 3 years later
eBay

But this isn’t the only humble thing about Slim Shady, as the now multimillionaire recently shocked fans with what phone he still uses in 2024.

A brand-new Mustang Convertible with a 3.8-liter V6 at the time, would have cost $21,165.

It could run from 0-60 mph (0-96 km/h) in 8.5 seconds.

The first car Eminem bought after making it was sold by him for $28k 3 years later
eBay
The first car Eminem bought after making it was sold by him for $28k 3 years later
eBay

However, just three years later, and with less than 20,000 miles on the clock in 2002, Eminem put the Mustang up for auction on eBay.

It sold for $27,900, the proceeds of which he donated to charity.

The first car Eminem bought after making it was sold by him for $28k 3 years later
eBay
The first car Eminem bought after making it was sold by him for $28k 3 years later
eBay

Per Forbes, the rapper – who still lives in Rochester Hills, Michigan – is now worth $50M, and his home is so big it’s practically a town.

According to MoneyNation, he had a net worth of $3 million in 1999 – although that rose steeply over the following year.

The first car Eminem bought after making it was sold by him for $28k 3 years later
eBay

Things are a lot different today, as Eminem’s multi-million dollar car collection shows he has a soft spot for two brands: Ferrari and Porsche, meaning he has a seriously expensive garage.

He’s far from the only rapper to have a bunch of cars, but he’s probably one of the few who has ever auctioned one off on eBay.

Still, each to their own.

Most of the money went to a good cause, at least.

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London-based Amelia cut her journalistic teeth covering all things lifestyle, wellness and luxury in the UK capital. Fast-forward a decade and the experienced content creator and editor has put pen to paper for glossy magazines, busy newsrooms and coveted brands. When her OOO is on you can find her spending quality time with her young family, in the gym or exploring the city she loves.