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.
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, 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.
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.