Net Worth Ranker
What Is Lil Yachty Net Worth
Lil Yachty, born Miles Parks McCollum on August 23, 1997, has become a prominent figure in the American hip-hop scene. His net worth is estimated to be $25 million as of February 2025, a figure amassed through various avenues including music sales, streaming royalties, brand endorsements, and strategic investments.
Lil Yachty’s Early Career and Musical Breakthroughs
Growing up in Mableton, Georgia, Lil Yachty’s early exposure to Drake significantly influenced his musical aspirations. In 2015, he briefly attended Alabama State University before dropping out to pursue his music career full-time. Relocating to New York City, he immersed himself in the local streetwear scene and leveraged social media to build a following. During this period, Lil Yachty supported himself by working at McDonald’s, showcasing his dedication to funding his artistic endeavors.
Lil Yachty’s breakthrough came with “One Night,” a track that gained traction after being featured in a viral video. The song’s unexpected popularity translated into over 126 million views on YouTube, catapulting Lil Yachty into the spotlight. This success paved the way for a modeling stint with Kanye West’s Yeezy fashion line in 2016, further solidifying his presence in the cultural landscape.
In 2016, Lil Yachty released his mixtape, “Lil Boat,” featuring “One Night.” The same year, his collaboration with DRAM on “Broccoli” peaked at number five on the Billboard Hot 100, earning him a Grammy nomination. This period marked a significant turning point, attracting collaborations with artists like Chance the Rapper and leading to the release of his second mixtape, “Summer Songs 2,” which sustained his momentum.
Lil Yachty’s Album Releases and Collaborative Ventures
In 2017, Lil Yachty released his first studio album, “Teenage Emotions,” which debuted at number five on the Billboard Top 200. The album featured collaborations with Migos, Diplo, and YG, highlighting his growing influence within the hip-hop community.
2018 saw the release of “Lil Boat 2,” his second studio album. Despite mixed reviews, the album’s commercial performance was strong, debuting at number two on the Billboard Top 200 and selling 64,000 units. This album demonstrated an improvement from his first attempt and solidified his presence as a musical force.
That same year, Lil Yachty joined FaZe Clan, an E-Sports team, signaling potential collaborations on merchandise deals and further expanding his brand. He also collaborated with the pop band Ocean Park Standoff on “If You Were Mine,” showcasing his versatility.
In 2020, Lil Yachty announced “Lil Boat 3” and released the lead single, “Oprah’s Bank Account,” featuring Drake. He also collaborated with Lil Gotit and Lil Kreed in the group project A-Team.
On October 11, 2022, he released “Poland,” which went viral. In January 2023, Lil Yachty ventured into psychedelic rock with his fifth studio album, “Let’s Start Here,” marking a departure from his signature trap sound.
Lil Yachty’s Endorsements, Investments, and Additional Ventures
Beyond music, Lil Yachty has engaged in various ventures, including appearing in a Sprite commercial alongside LeBron James. He has also been the face of Nautica and Urban Outfitters clothing lines and appeared in a promotional music video with Carly Rae Jepsen for Target.
In 2018, Lil Yachty collaborated with Donny Osmond to create “Start the Par-dee,” a theme song for Chef Boyardee. He also endorsed Bernie Sanders in 2016, citing the senator’s commitment to civil rights.
Lil Yachty appears in the ABC sitcom “Grown-ish” as Cole Hudson. His diverse activities contribute to Lil Yachty’s overall earnings and net worth.
Lil Yachty’s Legal Matters and Personal Life
In 2015, Lil Yachty was involved in a credit card fraud scheme in Florida and was arrested at a mall in Palm Beach. He posted an $11,000 bail bond and was released. In 2016, Lil Yachty mentioned his criminal records had been expunged.
In October 2021, Lil Yachty announced the birth of his daughter, but the mother’s identity was not revealed. In 2022 and 2023, he was named in the SafeMoon lawsuit and SEC lawsuit for alleged misleading cryptocurrency actions. He settled the charges for over $400,000 without admitting or denying the claims of violating investor protection laws.
Analysis of Lil Yachty’s $25 Million Net Worth
Lil Yachty’s $25 million net worth can be attributed to several factors:
- Music Sales and Royalties: Lil Yachty earns royalties from the sale of his albums, singles, and streams on platforms like Spotify, Apple Music, and Amazon Music. While specific figures for each album aren’t publicly available, his successful releases have contributed significantly to his income.
- Concert Tours and Performances: Touring is a significant source of income for musicians. Lil Yachty has performed at numerous concerts and festivals globally. The exact revenue from tours varies but contributes substantially to his overall income. Details of specific tour earnings are not public information.
- Brand Endorsements and Sponsorships: Lil Yachty’s collaborations with brands such as Sprite, Nautica, and Chef Boyardee, as well as his work with Kanye West’s Yeezy line and Urban Outfitters, provide substantial income. The financial details of these endorsement deals are typically confidential.
- Investments and Business Ventures: Lil Yachty’s involvement with FaZe Clan and other business ventures have expanded his financial portfolio. Specific details about his investment amounts and returns are not publicly available.
In conclusion, Lil Yachty’s $25 million net worth reflects his success as a recording artist, brand ambassador, and entrepreneur. While precise figures for specific revenue streams are not always publicly available, it is evident that his diversified activities have contributed to his substantial financial standing in the music industry.
