Net Worth Ranker
What Is Swae Lee’s Net Worth?
Swae Lee, born Khalif Malik Ibn Shaman Brown on June 7, 1993, in Inglewood, California, has carved out a significant place for himself in the music industry as a rapper, singer, and songwriter. As of 2024, Swae Lee’s net worth is estimated to be around $12 million. This wealth is primarily attributed to his successful music career, both as one half of the hip-hop duo Rae Sremmurd and as a solo artist. Rae Sremmurd, formed with his brother Slim Jxmmi in 2009, gained prominence for their catchy hooks and energetic performances.
Early Career and Rae Sremmurd’s Success
Swae Lee’s journey began in Tupelo, Mississippi, where he was raised after being born in Inglewood, California. His early life was marked by instability, with his mother eventually leaving their father due to drug-related issues. Despite these challenges, his passion for music ignited early. As a teenager, he formed the group “Dem Outta St8 Boyz” with his brother Slim Jxmmi and a local rapper, Lil Pantz. They performed at local parties and shows, gradually gaining local recognition.
The turning point came when Swae Lee and Slim Jxmmi met P-Nasty, a producer associated with Mike Will Made It’s “Ear Drummers” label. This connection led them to Atlanta in 2013, where they began working with Mike Will Made It and adopted the name “Rae Sremmurd,” a play on “Ear Drummers” spelled backward. Their breakthrough arrived with the single “No Flex Zone” in 2014, which reached number 36 on the US Billboard Hot 100. Their debut album, “SremmLife,” released in 2015, was certified Platinum and featured hits like “No Type” and “Throw Sum Mo.” SremmLife reached #1 on the US Rap and US R&B/Hip-Hop charts and #5 on the Billboard 200 chart. This success significantly boosted Swae Lee’s net worth. The revenue generated from album sales, streams, and live performances contributed substantially to his growing wealth.
Rae Sremmurd continued their success with the release of “SremmLife 2” in 2016. This album reached #2 on the US Rap chart, #3 on the US R&B/Hip-Hop chart, and #4 on the Billboard 200 chart. In 2018, they released their album “SR3MM”, which reached #4 on the US Rap chart, #5 on the US R&B/Hip-Hop chart, #6 on the Billboard 200 chart, and #4 in Canada. One of their most popular singles, “Black Beatles” (featuring Gucci Mane), reached #1 on the Billboard Hot 100, the US Rap chart, the US R&B/Hip-Hop chart, and in New Zealand. The continued success of Rae Sremmurd, with platinum-selling albums and chart-topping singles, played a crucial role in building Swae Lee’s Net Worth. The royalty income, performance fees, and endorsement deals associated with the group’s success all contributed to his financial growth.
Solo Career, Collaborations and Swae Lee’s Net Worth
While being a part of Rae Sremmurd, Swae Lee also ventured into a solo career. He gained recognition for his distinctive melodic style, leading to several collaborations. His feature on French Montana’s “Unforgettable” in 2017 was a significant hit, peaking at number 3 on the Billboard Hot 100. In the same year, he announced his debut solo album, “Swaecation,” which was released as part of the triple album set, “SR3MM,” alongside Rae Sremmurd’s third studio album and Slim Jxmmi’s debut album. His most noteworthy collaboration was with Post Malone in 2018 on the track “Sunflower,” which topped the Billboard Hot 100 and featured in the soundtrack of the film “Spider-Man: Into the Spider-Verse.” The success of “Sunflower” was monumental, earning him Grammy nominations and significantly boosting his income. The single was #1 on the Billboard Hot 100, the US R&B/Hip-Hop chart, and in Canada and Australia. Royalties from streams, downloads, and licensing deals related to “Sunflower” have been a substantial source of income for Swae Lee.
Swae Lee’s solo album “Swaecation” allowed him to further showcase his versatility and establish himself as a solo artist, contributing to his overall earnings and brand value. By 2018, his growing catalog of hits, both with Rae Sremmurd and as a solo artist, solidified his place in the music industry, ensuring a steady stream of income from royalties, streaming revenue, and live performances. These factors collectively contributed to the growth of Swae Lee’s Net Worth.
Swae Lee’s influence on contemporary music is evident in his melodic style and use of auto-tune, which have become staples in modern hip-hop. His work has earned him Grammy nominations for collaborations on “Sunflower” and “Sicko Mode.” His ability to transcend traditional hip-hop norms and create music that appeals to a broad audience has solidified his position in the music industry, which also lead to Swae Lee’s Net Worth growing.
Real Estate Investments
Swae Lee has also invested in real estate. In April 2022, he purchased a condo in Miami for $975,000. In December 2019, Swae Lee invested $3.5 million in a 9,000-square-foot mansion located in the Los Angeles suburb of Woodland Hills. The property was previously owned by Star Trek actor Jonathan Frakes and his wife, General Hospital actress Genie Francis. Swae Lee listed this home for sale in June 2023 with an asking price of $4.4 million. He sold the property in November 2023 for $4.3 million. These real estate transactions have contributed to Swae Lee’s financial portfolio. The profit he made from the sale of his Woodland Hills mansion added to his overall wealth. These strategic investments further strengthened Swae Lee’s Net Worth, showcasing his ability to diversify his assets beyond his music career.
