Famous for his unique tracks and iconic braids, Lil Yachty has become one of the most influential mumble rappers today. With this, you’re likely wondering how he reached such lengths at such a young age. And, of course, the burning question — how much is Lil Yachty worth?
Lil Yachty’s primary income is from music. And when he’s not in the studio making bangers, you can see him in commercials, magazines, and other media. With all these combined, Lil Yachty has amassed an impressive $8 million net worth in 2023.
This post discusses how Lil Yachty achieved such wealth and fame.
An Overview
Born on August 23, 1997, Miles Park McCollum, or Lil Yachty, always wanted to be a rapper. So despite going to Alabama State University for a while, Lil Yachty dropped out to pursue his career.
He relocated to NY for a better chance of making it big, and as soon as he landed, Lil Yachty began networking. While making a name for himself online through Instagram, Lil Yachty worked at a Mcdonald’s to support himself.
All his effort bore fruit in 2015 after his track “One Night” got used in a viral video.
Early Life
Miles Park McCollum grew up listening to hit rapper Drake, who would greatly influence his career later.
Once he graduated high school, McCollum enrolled at Alabama State University immediately. But McCollum decided to drop out to pursue a career in music. And during this time, McCollum relocated to the big apple, where he started networking. He began making connections in the NY streetwear scene, growing his social accounts.
McCollum knew the importance of having an online image at the time, so he worked hard to maintain it. And to support his dream of making music, McCollum worked at McDonald’s for some time.
Career
Lil Yachty experienced an outburst of success in 2015 with his song “One Night,” which got used in a viral video. The unique and somewhat wacky track got the attention of people. And as of 2023, his breakthrough track, “One Night,” is at 130 million views.
A year later, Lil Yachty experienced more success modeling for Kanye West’s Yeezy fashion show season 3. And he also released a mixtape named “Lil Boat,” paving his way to a successful career. With this, Lil Yachty got more collaborations with other artists.
He got the chance to collaborate with DRAM, creating the iconic track “Broccoli,” debuting at no. 5 on the Billboard charts. And in the same year, Lil Yachty has featured in a Chance the Rapper track, boosting his popularity more.
With one hit after the other, Lil Yachty didn’t waste time and released another mixtape in mid-2016. This launch capitalized on his early success, keeping him in the limelight. And like the first time, this earned Lil Yachty more collaborations.
Despite his mainstream success, it was only in 2017 that he took a big step in his music career. Lil Yachty launched his first album, “Teenage Emotions,” debuting at no. 5 on the charts again. And with his already good rep, Lil Yachty was featured in Diplo, Migos, and YG songs.
Lil Yachty’s success didn’t end there as 2018 brought him more blessings after releasing his 2nd album, “Lil Boat 2.” And despite the mixed reviews, it debuted at no. 2 on the charts, selling 64k units.
Despite his continued success, Lil Yachty remained quiet in 2019, returning a year later in 2020. And his biggest collab to date happened the same year, featuring Drake, Lil Yachty’s childhood idol, on his lead single “Oprah’s Bank Account.”
Personal Life
Lil Yachty has never been open about his personal life, but rumors say he has dated many models. But some have speculated that Lil Yachty is dating Megan Denise, a model. After all, Denise appeared in the rapper’s “Forever Young” video.
He has never confirmed anything about Denise. But he did welcome a healthy baby girl last year, with some speculating that Denise is the mother. Again, however, the rapper never disclosed who the child’s biological mother is.
But no matter how good Lil Yachty is at hiding his relationships, his past crimes are always out there. Before debuting as a mumble rapper in 2015, he got involved in a credit card fraud scheme. As a result, Lil Yachty got arrested with another alleged accomplice. However, it was long until he posted an $11k bail, releasing himself early.
A year later, Lil Yachty said all criminal records he got had gotten deleted, considering he was still a minor during those times. As of now, Lil Yachty is living a crime-free life.
How Much is Lil Yachty Worth? (Lil Yachty 2023 Net Worth)
Lil Yachty holds an impressive net worth of $8 million in 2023.
He makes most of his income through music. From this alone, Lil Yachty can earn millions every year. And some sources back this by saying the rapper can earn up to $2 million annually.
Another income source Lil Yachty enjoys is acting and modeling. Lil Yachty has starred in several films, albeit taking minor roles. Still, he has made many appearances in high-grossing titles like “A Man Named Scott.”
The rapper has also appeared in many magazines and is featured on the cover. Most notably, Lil Yachty ran as a model for Kanye West’s Yeezy fashion show on season 3. And these ventures helped Lil Yachty land brand deals, mostly from clothing lines.
Additionally, Lil Yachty explored other ventures, such as signing up with Faze Clan. A few years back, the rapper competed in the Fortnite tournament under Faze Clan.
Aside from those, Lil Yachty has amassed quite an expensive collection of cars, jewelry, and sneakers. And these combined quickly rack up the rapper’s worth to several million.
How Does Lil Yachty Make Money?
Music
Lil Yachty’s primary income is from his album, tours, and merch sales, anything related to music. The young rapper began his journey in 2015, receiving his first recognition for “One Night.” And despite the catchy track, it mainly went viral thanks to a comedy video linked to the song.
Regardless, 2015 is when Lil Yachty began pursuing his music career more. Aside from releasing his tracks, Lil Yachty has done many collaborations. Among the most notable are his features with Kanye, Carly Rae Jepsen, and Bhad Bhabie. But he has worked with many more artists, with his most successful one being with DRAM.
DRAM and Lil Yachty released a track titled “Broccoli,” which became a hit, peaking at no. 5 on the Billboard 100. And thanks to his continued work on music, Lil Yachty has received many nominations. His work with DRAM, “Broccoli,” got nominated for Top Rap Collab, Song, and Streaming Song in 2017’s BBMA.
Moreover, Lil Yachty also received several nominations from iHeartRadio the same year.
But Lil Yachty’s highest accomplishment is his nomination for a Grammy this year. His work with Kanye’s “Donda” got nominated for the “Album of the Year” award.
Modeling
Lil Yachty always loved snapping photos, which he used to his advantage. You can find the young rapper in many men’s publications, with him on the covers. But his most notable modeling work was in Kanye West’s Yeezy fashion show for season 3.
Acting
Aside from modeling, Lil Yachty has also expressed great interest in acting. And with that Lil Yachty has starred in several movies since 2018. His latest work was in 2021, appearing in a documentary film titled “A Man Named Scott.” The same year, Lil Yachty lent his voice to the popular kid’s franchise “Teen Titans Go!”
Assets
Lil Yachty owns an Atlantan estate valued at over $800k, which he can sell for millions later. Aside from real estate, Lil Yachty boasts an impressive car collection worth millions. His most prominent purchase is a Rolls Royce Cullinan valued at over $400k, which is half his house!
Besides those standard investments, Lil Yachty has always expressed interest in sneakers. Hence, you can consider the rapper’s vast sneaker collection an asset worth millions. Lil Yachty owns everything from retro sneakers released in the 80s to the latest kicks.
Also, Lil Yachty has many diamond and gold bracelets worth between $1k to over $10k. Meanwhile, he has an even more impressive diamond ring collection valued at $5 million. And finally, he has several studded grills, with the most expensive racking up to $50k.
Other Ventures
Lil Yachty launched his very own website offering his merchandise. Also, it looks into the rapper’s personal life and news on his upcoming performances. But the most surprising side venture Lil Yachty has made in his career is when he signed with Faze Clan.
Faze Clan is a professional e-sports team for the game CS: GO. And Lil Yachty participated in some of the group’s competitive Fortnite tournaments.
Frequently Asked Questions
Q: How much is Lil Yachty worth in 2023?
A: Lil Yachty holds an $8 million net worth as of 2023, currently under the record label “Quality Control Music.” Aside from music, Lil Yachty also makes money from modeling and acting. And at such a young age, the rapper had already amassed assets worth millions. These include his $800k home in Atlanta and expansive jewelry and sneaker collections.
Q: Does Lil Yachty do mumble rap?
A: Lil Yachty is among the most influential mumble rappers of 2022, alongside Lil Uzi and Lil Pump. He and the other mumble rappers paved the way for this modern rap culture to the forefront of hip-hop scenes. And Lil Yachty is among the few charted on Billboard with the controversial rap genre.
Q: Why Does Lil Yachty use “Lil” in his name?
A: Lil Yachty followed the trend of rappers adding “Lil” to their names, making it more memorable. It doesn’t have a bearing on talent or lack of skills. Instead, “Lil” is a nickname people often use on the streets. Although it paved the way for hip-hop in the late 80s, it was only recently popularized among rappers.
Q: Did Lil Yachty write act up?
A: Lil Yachty co-wrote City Girls’ breakout single “Act Up,” saying he wrote the entire song. But he later clarified that he didn’t write JT’s final verse.
Q: Does Lil Yachty have any kids?
A: At 25, Lil Yachty welcomed his first child, a daughter, born on October 2021. Despite publicizing his daughter, Lil Yachty never disclosed who the biological mother was.
Final Words
How much is Lil Yachty worth? His primary income is music, including albums, touring, and merch sales. And one hit release after the other, it’s unsurprising to see the rapper hold an $8 million net worth today.
Lil Yachty likes to dabble in other industries, unlike most modern rappers. For instance, he worked with Kanye West and other figures to feature on some magazine covers. And Lil Yachty was so good that he became the face and ambassador of many clothing brands.
Despite the hate surrounding mumble rap, Lil Yachty has found his footing in the industry. And now, he has millions of loyal followers, helping him grow his wealth more.
Do you want to see another rapper’s journey to wealth and success? Check out Lil Uzi Vert’s next worth next!