The gunman, who has not been identified, opened fire as he ran away from the studio.
According to the LAPD report, over ten shots were fired during the robbery. A rep for Rich the Kid revealed that he was doing okay after the incident, while one of his bodyguards was badly pistol-whipped.
The robbery subject fired multiple shots as he escaped the scene.
Police are now at the scene of the crime and looking for the suspects.
Four gold chains are seen hanging around his neck in the photo, and two gold bracelets and a watch adorn one of his wrists.
'Always in bank mo deposit, ' the caption reads.
The suspects robbed the entourage of cash and jewelry.
Rich the Kid, a Queens-born rapper, dropped his debut album The World Is Yours previous year. They were reportedly carrying guns.
This famous studio has been home to recording artists such as Rihanna, Justin Bieber, Michael Jackson, and Madonna.