Lil Yachty Net Worth (Money & Salary)

What is Lil Yachty’s net worth?

With a net worth of $25 million, Lil Yachty is an American hip-hop recording artist. He is particularly renowned for tracks like “One Night,” signaling a shift in the rap and hip-hop genres towards innovative styles. Despite the label of “mumble rap” that some attach to his genre, Lil Yachty does not identify with it. He refers to his music as “bubblegum trap,” often incorporating sound bites from cartoon themes and video games. Although his style might seem simplistic, critics have positively received it, describing it as “catchy” and “fun.” Notably, Lil Yachty received a Grammy Award nomination for his contribution to “Broccoli.”

Early Life

Born Miles Parks McCollum on August 23, 1997, in Mableton, Georgia, Lil Yachty was heavily influenced by Canadian rapper Drake during his childhood. This influence significantly shaped his musical journey. In 2015, he enrolled at Alabama State University but left shortly after to devote himself fully to his music.

Moving to New York, he began networking while living with a friend and quickly made important connections in the local streetwear community. Understanding the impact of social media, Lil Yachty worked on enhancing his Instagram presence. To support himself during this period, he took on a job at McDonald’s.

Career

Lil Yachty’s rise to fame was somewhat serendipitous; his song “One Night” gained popularity after being featured in a viral video. While many found the video amusing, the common question among viewers was: “What’s the name of that song?” Curiosity about the rapper surged once viewers realized it was Lil Yachty. The music video for “One Night” has amassed over 126 million views.

In 2016, Lil Yachty experienced heightened success when he modeled for Kanye West’s Yeezy fashion line and released his mixtape, which included the hit “One Night.” Titled Lil Boat, this mixtape marked the start of a flourishing career for Yachty, leading to collaborations with other prominent artists who recognized his talent.

In the same year, Yachty teamed up with DRAM to produce the hit “Broccoli,” which made a strong debut at number five on the Billboard Hot 100 chart. During this period, he also worked alongside Chance the Rapper. By mid-2016, Yachty released his second mixtape within a single year. Named Summer Songs 2, it capitalized on his earlier success, keeping him relevant in the music scene, and further collaborations with artists like Kyle and Tee Grizzley quickly followed.

In 2017, Lil Yachty made significant progress in his music career by releasing his first studio album, Teenage Emotions, which debuted at number five on the Billboard Top 200. With his reputation firmly established in the hip-hop scene, he was able to attract a diverse range of artists eager to collaborate on his debut, including Migos, Diplo, and YG.

The year 2018 marked further success as Lil Yachty launched his second studio album, Lil Boat 2. Despite mixed critical reviews, the album’s financial performance was impressive, debuting at number two on the Billboard Top 200 and selling 64,000 units. This achievement was notable for a rapper with a distinct sound within his genre. Most reviewers considered it a step up from Teenage Emotions. That same year, Yachty joined the esteemed E-Sports team FaZe Clan, sparking speculation about future merchandise collaborations. Additionally, he expanded his musical repertoire by working with the pop band Ocean Park Standoff on the track “If You Were Mine.”

Although 2019 was relatively quiet for Yachty, he made a strong comeback in 2020 by announcing the release of Lil Boat 3. He also released its lead single, “Oprah’s Bank Account,” featuring his childhood idol, Drake. During this year, Yachty collaborated with several musicians, most noticeably in the group project A-Team, which included artists such as Lil Gotit and Lil Kreed.

On October 11, 2022, Yachty unveiled a non-album single titled “Poland,” which quickly went viral. Following this, in January 2023, he launched his fifth studio album, Let’s Start Here, which represented a shift from his usual trap style, leaning more into psychedelic rock influences.

Legal Issues

Before rising to fame in 2015, Lil Yachty was involved in a credit card fraud scheme in Florida. He was apprehended at a Palm Beach mall along with another individual and subsequently released after posting an $11,000 bail bond. By 2016, Yachty revealed that his criminal records had been expunged, likely due to his status as a minor at the time of the incident.

Additional Ventures

In addition to his rapping career, Lil Yachty has engaged in various other ventures. Notably, he appeared in a Sprite commercial alongside LeBron James. Since achieving fame, Yachty has also made a mark in the fashion world, modeling for brands like Nautica and Urban Outfitters after his collaboration with Yeezy. He even featured in a promotional music video for Target with Carly Rae Jepsen.

One of the more unusual partnerships Yachty has is with Chef Boyardee. In 2018, he, alongside Donny Osmond, created a new theme song called “Start the Par-dee” for the brand. Additionally, he expressed his support for Bernie Sanders in 2016, acknowledging the senator’s commitment to civil rights. Yachty has also taken on the role of Cole Hudson in a production.

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in the ABC sitcom Grown-ish.

Personal Life

In October 2021, Yachty revealed that his daughter was born, although he did not disclose the mother’s identity.

During 2022 and 2023, Lil Yachty faced legal issues, being named in the SafeMoon lawsuit and SEC lawsuit along with other celebrities due to his involvement in misleading cryptocurrency practices. He settled the allegations for over $400,000, while neither admitting nor denying the claims regarding the violation of investor protection laws by failing to disclose that he was a paid sponsor.