Net Worth Ranker
What Is Moneybagg Yo Net Worth?
DeMario DeWayne White Jr., most famously known as Moneybagg Yo, has carved a significant niche for himself in the American hip-hop scene. As of 2023, his estimated net worth is around $4 million. This wealth has been primarily accumulated through his successful career as a rapper and songwriter, marked by numerous hit mixtapes and albums that have resonated with fans across the globe. His ability to blend drill, trap, and Southern hip hop has distinguished him in a competitive industry.
Early Life and Career Beginnings
Born on September 3, 1991, in Memphis, Tennessee, Moneybagg Yo’s early life was marked by challenges. Raised by a single mother with two younger siblings, DeMario faced financial hardships that led him to seek refuge in street gangs. Although he attended Mitchell High School, where he adopted the moniker Moneybagg Yo, he dropped out in the 12th grade to support his family. Before fully committing to music, he turned to drug-dealing to make ends meet. In 2011, Moneybagg Yo officially started his music career with the release of his debut single, “F U Pay Me.” This marked the commencement of his journey in the hip-hop world.
Musical Career and Album Success
Moneybagg Yo’s rise to fame included the release of several mixtapes such as “From da Block 2 da Booth,” “Relentless,” “ELO (Everybody Lives On),” “All Gas No Brakes,” and “Heartless.” These mixtapes showcased collaborations with renowned rappers such as Yo Gotti, Quavo, Young Dolph, and Lil Durk, enhancing his visibility and credibility in the industry. In late 2018, Moneybagg Yo released his debut studio album, “Reset.” This album, featuring guest appearances by artists like Kodak Black, YG, J. Cole, Future, and Jeremih, debuted at number 13 on the Billboard 200 and number eight on the Top R&B/Hip-Hop Albums chart. This was a significant milestone in his career, setting the stage for future successes.
His second album, “43va Heartless,” released in 2019, further solidified his position in the hip-hop scene. The album reached number four on the Billboard 200 and number three on the Top R&B/Hip-Hop Albums chart. The release of his third album, “Time Served,” in 2020, marked a turning point in his career. It included his first Billboard Hot 100-charting singles, “All Dat” and “U Played,” increasing his mainstream recognition. In 2021, Moneybagg Yo achieved a significant milestone with his album “A Gangsta’s Pain,” which became his first number-one album on the Billboard 200. This further cemented his status as a leading figure in the rap industry.
Collaborations and Featured Appearances
Moneybagg Yo has engaged in several collaborations that have contributed to his net worth and fame. His 2017 mixtape with YoungBoy Never Broke Again, “Fed Baby’s,” was well-received by fans. He also collaborated with Blac Youngsta on the mixtape “Code Red.” The lead single from that mixtape, “Said Sum,” became Moneybagg Yo’s highest-charting song as a lead artist to date. He has also been featured on tracks by prominent rappers such as Lil Baby, Calboy, Doe Boy, EST Gee, Belly, Tyga, Lil Jairmy, Meek Mill, and Polo G, expanding his reach and influence in the music industry. In 2023, Moneybagg Yo collaborated with GloRilla on the song “On Wat U On,” which reached number nine on the Hot Rap Songs chart. These collaborations have not only showcased his versatility but also boosted his income through royalties and increased exposure.
Legal Issues and Controversies
Throughout his career, Moneybagg Yo has faced legal challenges, stemming from his early involvement with street gangs and drug-dealing. In the summer of 2011, he was arrested after an altercation during a family picnic, where he was shot at. In 2016, he was arrested at a CD release party on drug and weapon charges, along with 27 others, some of whom were known gang members. In 2020, shots were fired outside his 29th birthday celebration in Las Vegas, leading to further scrutiny. These legal issues have not only presented personal challenges but have also had potential financial implications, including legal fees and potential loss of income due to time spent dealing with these matters.
Moneybagg Yo has also been involved in feuds with other rappers, including a notable rivalry with Stupid Duke that began in 2010, and a feud with Young Dolph, who was shot and killed in late 2021. These conflicts have generated media attention and have the potential to affect his reputation and, by extension, his net worth. While the specifics of financial impacts from these feuds are not publicly documented, such conflicts can affect collaborations and endorsement opportunities.
Personal Life and Relationships
Moneybagg Yo has a large family, with eight children: four sons and four daughters. He is known for spending lavishly on his kids, often gifting them with luxury items, such as high-end clothing and exclusive sneakers. The financial commitment to raising and providing for eight children is substantial. His past relationships, including dating Megan Thee Stallion and model Ari Fletcher, have also garnered media attention. In July 2020, he reportedly bought Ari a Lamborghini as a birthday present, showcasing his propensity for extravagant spending. The purchase of the Lamborghini is estimated to be worth over $200,000, highlighting a significant expense.
In 2022, Moneybagg Yo relocated to Atlanta, Georgia, from his hometown of Memphis, Tennessee, to escape the criminal threats surrounding him in Memphis. This move was partly inspired by the murder of his friend and fellow rapper Big Nuskie. The relocation to a new city involves substantial costs, including housing expenses, moving costs, and establishing a new social and professional network. In 2018, Moneybagg Yo converted to Islam, leading him to stop drinking lean. He reportedly prays five times a day. These lifestyle changes represent a commitment to personal and spiritual growth, which can influence his financial decisions and priorities.
