How Lil Yachty Landed A Big Fortune With His $8 Million Net Worth

Lil Yachty | Prince Williams/WireImage

If youā€™ve been tuned into the landscape of rap music for the last decade or so, youā€™re no doubt familiar with the work of Lil Yachty. The Grammy nominated Georgia rapper is responsible for releasing such hits as ā€œYacht Club,ā€ ā€œOprahā€™s Bank Account,ā€ ā€œPardon Me.ā€ Most recently, his hit ā€œPolandā€ met with viral success. Since first emerging on the scene in 2015, the rising star has made a name for himself. Heā€™s regarded for his unique image, positive message, and subversive musical range. The rapperā€™s latest full-length solo album Letā€™s Start Here completely reinvented his sound for a new audience. Today, Lil Yachty has a net worth of over $8 million according to Celebrity Net Worth. However, comments from the artist himself seem to suggest his actual nest egg is worth significantly more.

Thereā€™s no way to be 100 percent certain about the overall value of Lil Yachtyā€™s investments. That said, itā€™s clear that the rapper has elevated himself from humble beginnings to generational wealth in a very brief span of time. This makes him an inspiration to other up-and-coming entertainers everywhere. So, now seems like as good a time as any to examine Yachtyā€™s financial portfolio. Here, weā€™ll pour over his investment strategies, and see what we can learn about his blueprint for generating millions in net worth. Letā€™s dive directly into Yachtyā€™s career earnings, gathered mostly through music sales, global tours, and endorsement deals with massive brands.

Early Life and Career Beginnings

Long before Lil Yachty was rocking stages worldwide, he was born Miles McCollum to a modest family in Mableton, Georgia. Throughout his youth, Yachty maintained a passion for crafting beats and rhymes. He found himself influenced by a number of emerging sounds from the Midwest to his hometown of Atlanta.

Eventually, Yachty committed himself fully to his craft, and dropped out of Alabama State University in 2015. While looking for an outlet to launch his music career, the young artist moved to New York on a whim. For a time, he crashed with a friend while networking with other artists online. During this period, the aspiring rapper supported himself by doing minimum wage work at fast food restaurants like McDonaldā€™s. Despite bolstering a sizable following on Instagram, it wasnā€™t until his track ā€œOne Nightā€ found its way into a viral video that Yachty finally blew up.

From there, Lil Yachty had a meteoric rise. Appearing front-and-center as a model during Kanye Westā€™s 2016 Yeezy fashion show in Madison Square Garden helped with that. According to an interview with The Fader, Yachty was originally supposed to be tucked away in the back of the event. He inquired about his placement to the event director, explaining that his vibrant red hair perfectly matched the Aesthetic of Kanyeā€™s latest colorways.