Net Worth Ranker
What Is Lil Pump’s Net Worth?
As of today, Lil Pump, the American rapper and songwriter, has an estimated net worth of $12 million. This valuation is primarily built upon his success within the music industry, particularly as a prominent figure in the SoundCloud rap scene.
Early Life and Career Beginnings
Gazzy Garcia, known professionally as Lil Pump, was born on August 17, 2000, in Miami, Florida. His parents, of Colombian descent, divorced when he was six years old. When Garcia was 13, he was introduced to Omar Pineiro, known as Smokepurpp, by his cousin Lil Ominous. This introduction sparked a collaborative relationship that would later influence Garcia’s career trajectory. Lil Pump and Smokepurpp’s early collaborations took place while both were students at multiple school districts, and Garcia then enrolled in an alternative high school. However, he was expelled in the tenth grade for fighting and inciting a riot.
Lil Pump’s foray into music began when Smokepurpp produced a track and invited him to freestyle over it. This marked the creation of his debut single, “Lil Pump,” released independently on SoundCloud in 2016. This track was quickly followed by other singles like “Elementary,” “Ignorant,” “Gang Shit,” and “Drum$tick.” Each of these early releases garnered over three million streams, establishing Lil Pump’s presence on SoundCloud and within the South Florida underground rap scene, often referred to as “SoundCloud rap.”
In 2016, Lil Pump’s growing popularity led him to co-headline the “No Jumper” tour and perform at the Rolling Loud Festival, solidifying his status within the emerging rap landscape.
Rise to Fame and Key Milestones
In 2017, Lil Pump’s singles “D Rose” and “Boss” became significant hits on SoundCloud, collectively amassing approximately 70 million streams. The popularity of “D Rose” led to the creation of a music video by Cole Bennett of Lyrical Lemonade, which was released on YouTube in January 2017. By July 2018, the video had reached 145 million views. On June 9, 2017, Lil Pump signed a record deal with The Lights Global and Warner Records. However, in January 2018, his contract was voided with Warner Bros. Records because he had been a minor at the time of signing.
In July 2017, Lil Pump announced the impending release of his album, initially slated for August. While the album’s release was delayed, he released “Gucci Gang,” which became his first entry on the “Billboard” Hot 100. Lil Pump’s self-titled debut mixtape was released in 2017 and reached #2 on both the US Rap and US R&B/Hip-Hop charts and #3 on the “Billboard” 200 chart. “Gucci Gang,” his most successful single, peaked at #3 on both the US Rap and US R&B/Hip-Hop charts. On January 11, 2018, the single was certified gold by the Recording Industry Association of America (RIAA), and by July 2018, it had been certified triple platinum. These certifications underscore the single’s widespread popularity and commercial success.
Lil Pump released his debut studio album, “Lil Pump,” on October 6, 2017. This album featured collaborations with artists such as Smokepurpp, Gucci Mane, Lil Yachty, Chief Keef, Rick Ross, and 2 Chainz. The album also included successful singles like “Back” (featuring Lil Yachty) and “Iced Out” (featuring 2 Chainz). In January 2018, Lil Pump released “I Shyne” with producer Carnage. Later, in March 2018, he re-signed with Tha Lights Global and Warner Records for a reported $8 million.
In April 2018, he released the single “Esskeetit,” which debuted and peaked at #24 on the “Billboard” Hot 100. He performed the single on “The Tonight Show with Jimmy Fallon” on May 24, 2018. That summer, Lil Pump released the single “Drug Addicts” along with a music video featuring actor Charlie Sheen.
By late 2018, Lil Pump had accumulated over 11 million subscribers on YouTube and nearly two billion views on the platform. He also surpassed one billion streams on Spotify. His collaboration with Kanye West, “I Love It,” debuted at #1 on the streaming songs chart on September 22, 2018, with 46 million streams in its first week. The song also reached #1 on the Canadian Hot 100. In August 2018, he announced a tour to promote his upcoming album, “Harverd Dropout,” but the tour was canceled a month later due to “unforeseen circumstances.” In October 2018, Lil Pump released “Multi Millionaire” as a single featuring Lil Uzi Vert.
In February 2019, Lil Pump released a song titled “Be Like Me” featuring Lil Wayne, accompanied by a music video. He performed the song on “Jimmy Kimmel Live!” on February 25, 2019. On February 22, 2019, he released his second studio album, “Harverd Dropout,” which featured collaborations with Kanye West, Lil Wayne, Smokepurpp, Lil Uzi Vert, 2 Chainz, Offset, Quavo, and YG.
On September 16, 2020, Lil Pump released a new single on SoundCloud, titled “Life Like Me.” This was followed by various SoundCloud exclusives and collaborations. In 2021, Lil Pump and producer Ronny J released an album called “No Name,” which did not perform well due to a lack of marketing. In 2023, he released the studio album “Lil Pump 2.”
Warner Brothers Contract Details
In March 2018, Lil Pump signed a recording contract with Warner Brothers, which included an $8 million advance. The terms of the contract stipulated that the rapper would receive $9,000 in the first year, $12,000 in the second, and $15,000 in the third through seventh years. In addition to these payments, Lil Pump was granted a 14% share of his royalties in the United States, a figure higher than standard for the industry. In certain sales formats, he would receive 66% of his royalties. The $8 million advance would need to be recouped before Lil Pump could earn further royalties.
Personal Life and Legal Issues
Lil Pump has openly discussed his struggles with dyslexia. In February 2018, he was arrested for discharging a weapon in an inhabited place. According to his manager, the incident occurred when three men attempted to break into his San Fernando Valley home, prompting him to fire shots into the door. Police investigations revealed that the bullet may have originated from inside the residence, leading to a search warrant. During the search, an unloaded handgun was found below the balcony, and ammunition was discovered elsewhere in the house. Subsequently, Garcia’s mother was investigated for endangering a minor and having an unsecured firearm at the home. A few months later, Garcia was arrested in Miami for driving without a license. In October 2018, his manager announced that the rapper had served a prison sentence for a violation of parole related to the initial incident but did not provide specific details.
In December 2018, Garcia was arrested in Copenhagen for possession of marijuana following a performance in Vega. He was fined $700 and banned from entering the country for two years. In 2021, the IRS filed a lien on Lil Pump’s Miami home for $1.6 million in unpaid taxes. This was followed by another lien, with the federal agency claiming he owed nearly $130,000 for 2020 and more than $141,000 for 2021, bringing his total unpaid taxes to around $2 million. In April 2022, Lil Pump announced the passing of his father, Fabio Garcia. In July 2023, Lil Pump stated that he was retiring from music to become an astronaut.
Real Estate Investments
In July 2019, Lil Pump purchased a 5,000-square-foot waterfront mansion in Miami Beach for $4.6 million. The address of the property has not been publicly disclosed.
