How Tyga Achieved a Net Worth of $3 Million and How He Spends It

Music can be therapeutic, it can be uplifting, and at the hands of a musician, it can be a great source of income. The hip-hop genre, which is one of the most popular music genres on the planet has been one of the most lucrative kinds of music and Tyga can testify to its lucrative nature having accrued a net worth of $3 million through his career as a rapper.

Tyga, who has been a professional musician for over a decade, has seen his financial status grow from the days of honest struggle to becoming a rich man who can afford some of the luxurious offerings of the world. Here’s how Tyga achieved his net worth as well as how he puts his money to use.

How Tyga Achieved His Net Worth

Tyga’s desire to use music as a gateway out of poverty began when he was a teenager, and he began his professional career at the age of 18 when he released his debut mixtape, Young on Probation. The mixtape was not a commercial success by any means, but it proved successful enough to attract the interest of an established musician, Travie McCoy, who also happens to be Tyga’s cousin.

McCoy signed young Tyga to his DCD2 Records and under the label, he released his first album, No Introduction. Although just like his first project, it wasn’t a commercial success, the single from the album, Coconut Juice, which featured his cousin Travie McCoy, turned out to be a commercial success and gave Tyga the first real boost to fame.

The single debuted on the US Billboard Hot 100, peaking at number 94. Aside from the success of the song, the rights to another song from the album, Diamond Life, was acquired and used in the video games, Madden NFL 2009, Need for Speed: Undercover and the film, Fighting.

Still reeling from his breakthrough period, Tyga got another chance to improve his net worth when he signed an additional record deal with Young Money Entertainment, the record label of rap icon, Lil Wayne. Under the label, Tyga’s fame increased through appearances in music videos of label partners and label tracks such as Bedrock.

Through the label, he released his second mixtape, which became his first major production, Fan of a Fan. The mixtape featured commercially successful tracks like Deuces and No Bullshit. Deuces reached number 14 on the Billboard Hot 100 and also earned him his first number one track on the Billboard Hot R&B/Hip Hop Songs.

READ   The 25 Richest Comedians In The World And Their Net Worth 2020

Since the success of the mixtape, Tyga’s popularity and musical pedigree have increased. He has released six additional albums, selling over two million copies. His significant album sales have come through popular singles like Rack City, Faded, and Loyal.

In addition to money earned through the sale of his music, Tyga has also earned his net worth through concert gigs and tours. He was on the Between the Sheets Tour where he is believed to have earned a fraction of the tour’s revenue.

Endorsements and Sponsorship

Tyga net worth
Tyga and Chris Brown, during a performance

Tyga, being a musician with considerable influence, has gotten a considerable amount of his net worth from his partnership with brands and sponsored advertisements.

The rapper has worked with brands like Boohoo Man, LA Gear, and Reebok. He is also known to earn as much as $31,000 to $52,000 through his Instagram sponsored posts. Another way the rapper has amassed his $3 million net worth, is through his clothing line, Last Kings.

Acting and Television

Another significant way Tyga earns his net worth is through acting and television. As an actor, he has appeared in over five films, such as Dope, Mac & Devin Go to High School and Once Upon a Time in Venice.

In television, he has appeared on the show, Scream, and has had his reality show, Kinging with Tyga.

See Also: What is Lil Wayne’s Net Worth and How Does He Make His Money?

How Tyga Spends His Money

With a net worth of $3 million, there is a little room for Tyga to indulge in various luxuries and he hasn’t refrained from the opportunity. The rapper has been known to spend his money on multiple mansions, renting them for a period, paying about $50,000 to $80,000 in monthly rent.

Back when he was in a relationship with Kylie Jenner, he spent $320,000 on a Ferrari 482 Italia as a birthday gift for her. He is also known to spend on pieces of jewelry and expensive pieces of clothing.

Adeola Seun
Adeola Seun
Seun is a CCNA certified graduate of FUTA. He has been writing on various subjects that include finance, economics, celebrity net worth, lifestyle, biographies and politics for over 7 years, Other than writing, he enjoys movies, video games, and sports

Recommended

Does Bethenny Frankel Have A Boyfriend Or Husband & What Is Her Net Worth?

Bethenny Frankel's relationship status has been a hot topic of discussion since after her 2012 separation from pharmaceutical sales executive, Jason Hoppy. Frankel aka Skinny...

Does Pharrell Williams Have Wife or Kids and What is His Net Worth?

With at least 13 Grammy Awards under his belt, Pharrell Williams is an established American record producer, singer, and businessman. He began by producing...

What Happened to Mel Gibson’s First Marriage? Meet His Kids and Current Girlfriend

Being married and staying married in Hollywood can be a herculean task. When you add the baggage of struggle with alcoholism and bad press...

A Close Look At Daniel Tosh’s Net Worth, His Wife And Gay Rumors

Daniel Tosh is an American stand up comedian, actor, writer, executive producer, and television host. He is popular for his controversial style of dark...

Making Sense Of Angelina Jolie And Brad Pitt’s Divorce

No one likes divorce, but, sadly, it happens for several different reasons. Best couples are no different; we've seen marriages between lovebirds crash when...

14 Corrupt Billionaires Who Have Served Jail Time

One would like to think that being a billionaire would at least solve the problem of greed, instead, the reverse is the case for...

10 Instagram Fitness Models Who Are Raking In Millions Online

Instagram was launched only about a decade ago, but today, with its more than half a billion users, it has since joined the big...

Who Are Charles Barkley’s Wife and Kids and What is His Net Worth?

Charles Barkley is famous for being one of the most phenomenal American basketball players of all time. As an NBA player, he was nicknamed...

More From Justrichest

Inside Jay Leno’s Massive Car Collection, Net Worth & Family Life

Jay Leno is without doubt, one of the finest and most mature entertainers America has ever produced. A multiple award-winning stand-up comedian, writer, TV...

12 Biggest and Most Expensive Homes of Extravagant Footballers In 2020

The huge and decent earnings of footballers grant them the audacity to exemplify lavish spending and also enable them to sustain every aspect of...

Jessica Nigri Net Worth: How Much Money Does The Cosplayer Make?

Jessica Nigri is a well-known American cosplayer. For the benefit of those who don’t know, Cosplay is derived from the words costume and play....

20 Strongest and Most Powerful Currencies in The World (Updated 2020)

According to World Atlas, there are 180 currencies in circulation that are recognized by the United Nations across the wide world and these are...

Featured Today

What Is Wrong With Barron Trump, Is He Really Autistic? Where Is He Now?

Autism is prevalent and can affect people of all ethnic, racial and socioeconomic groups. The disorder, which limits a person's ability to relate and...

Who is Zack Snyder’s Daughter Autumn Snyder and Why Did She Commit Suicide?

It could be hard to understand why someone would ever take their own life; leaving their family and loved ones to suffer in a...

The Untold Truth of Bryan Chatfield Sanders Sarah Huckabee Sanders’ Husband

Everyone is familiar with Sarah Huckabee Sanders but not so with her husband Bryan Chatfield Sanders. As a media and political consultant, Sanders has worked...

Top 10 Richest Male Porn Stars In The World

What could be better than passing time other than watching an adult movie on your television, computer, or anywhere? Sex has something to do...

Related Stories