Lil Yachty Net Worth is $3 Million
Lil Yachty is an American rapper and singer. Since releasing his breakout hit “One Night,” Yachty has enjoyed a rapid rise to fame and wealth, rubbing shoulders with some established acts like Drake and Chance the Rapper. His multi-platinum single “Broccoli” (with D.R.A.M.) was nominated for Best Rap/Sung Collaboration at the 2017 Grammy Awards.
Yachty can make as much as $100,000 per show. He boasts a handful of endorsements including Sprite, Target, Nautica and UrbanOutfitter. Lil Yachty made his debut on Forbes‘ 2017 list of Hip Hop Cash Princes which ranks young and fast-rising hip-hop stars under the age of 30. Read on as we explore his show business efforts.
Lil Yachty Net Worth: How He Began
Lil Yachty was born as Miles Parks McCollum on August 23, 1997, in Mableton, Georgia. He had an initial interest in internet fashion rather than music. After graduating from high school, Yachty spent a summer in New York where he lived with a close friend. In New York, he began meeting with socialites and street fashion personalities to help build an Instagram following. Shortly after, Yachty enrolled at Alabama State University but dropped out after just two months.
With a substantial Instagram following under his belt, Yachty then began recording the music he had written in college from a booth in his closet. Among those songs were Hella Os, and Minnesota. 1 Night was recorded in a friend’s garage. Lil Yachty’s songs received significant airplay in Atlanta encouraging the youngster to keep the faith.
Lil Yachty Net Worth: Music Success
Yachty was shot to the mainstream in December 2015 after a random kid’s parody video featuring his “1 Night” went viral online. The YouTube video titled “When Bae Hits You With That “So What Are We?” broke the internet receiving millions of views. As a result, Yachty’s Soundcloud version of “1 Night” received millions of play. The song now has over 40 million plays on SoundCloud, over 16 million Spotify streams. It’s official Youtube video touts over 7 million views.
While Lil Yachty doesn’t deny the contribution of the viral video to his success, he also acknowledges Ian Connor a young stylist he met in New York for his fame. Connor helped start a cult following and handpicked Yachty to feature as one of the models on Kanye West‘s Yeezy Season 3 show. At the event held at Madison Square Garden, models were told they could sit when they felt tired but Lil Yachty stood through the whole show, garnering much attention to himself.
Yachty also got a plus when Drake featured his “Minnesota,” on his Ovo Sound Beats1 show.
In March 2016, Lil Yachty released his debut mixtape Lil Boat. Though his bubblegum trap rap style has been frowned upon by rap purists, it has successfully won the hearts of many young fans. Lil Boat peaked at #106 on the Billboard 200, an incredible feat for a record that was previously available for free download.
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While none of Lil Boat’s tracks made it to the Billboard Hot 100, Lil Yachty featured on the coveted list thanks to his collaboration with D.R.A.M. on the hit single “Broccoli” which peaked at #5 on the Billboard Hot 100. By April 2017, the song has been certified quintuple platinum by the RIAA after pushing over 5 million units in combined sales and streaming equivalent
Lil Yachty announced in June 2016 that he had signed a joint venture record deal with Quality Control Music, Capitol Records, and Motown Records. A month after the announcement, he released his second mixtape Summer Songs 2. His debut album Teenage Emotions was released in 2017.
Lil Yachty Net Worth: Endorsements, Shows
Top brands who are ever on the lookout for popular acts began coming Lil Yachty’s way roughly a year after his breakout. First up was with Sprite. He featured in a commercial for the Coca-Cola made soft drink alongside NBA star LeBron James. The jingle for the commercial was written to the tune of Lil Yachty’s single Minnesota.
Lil Yachty has also featured with singer Carly Rae Jepsen in a commercial for retail giant Target. He also shills for apparel brands Urban Outfitters and Nautica. Lil Yachty cashes in big on the road, per Forbes, he made $100,000 per show in 2017.
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Lil Yachty started rapping for just a year before hitting it big with the singles 1 Nights and Minnesota. He belonged to a group called Yacht club whose members were all rappers, thus, inspiring his love for rap. The group name also inspired his nautical moniker Lil Yachty.
He had his signature red hair and wore colourful clothes, long before he made up his mind to professionally pursue a music career. His brother who belonged to a gang and sold drugs was often embarrassed by his quirkiness.
On September 2015, pre-fame, Lil Yachty got booked at a Palm Beach Gardens mall for an alleged credit card fraud. He was released on a bail bond of $11, 000. The mumble rap star later revealed that the charges were expunged.
He grew up listening to the likes of Kanye West, Kid Cudi, Soulja Boy and Lil B. Lil Yachty doesn’t smoke or drink just because he doesn’t like it.
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