Lil Yachty net worth
is $8 million
As of 2024 Lil Yachty net worth of $8 million, is an American hip-hop singer. Several albums have helped Lil Yachty succeed in rap and vocals. Lil Yachty’s rapid rise to fame and wealth at 26 is due to his great music, which resonates with a large audience and leads to lucrative record contracts.
| Name | Lil Yachty |
| Source of income | Singing |
| Salary | $1 Million + |
| Monthly Income | $1,50,000 + |
| Yearly Income | $1 Million + |
| Net Worth | $8Million |
Live performances attract high fees for Lil Yachty, contributing to his financial success. The fees he charges record labels for song releases have helped Lil Yachty become wealthy quickly. Live performances of his singing and rapping boost his wealth. Thus, his successful music career has earned him millions annually.
Lil Yachty Net Worth Growth
Lil Yachty net worth has grown significantly during his career. Let’s examine his financial growth:
| Year | Net Worth (Million) |
| 2019 | $1 Million |
| 2020 | $2 Million |
| 2021 | $3 Million |
| 2022 | $4 Million |
| 2023 | $6 Million |
| 2024 | $8 Million |
This steady rise shows his artistic ability and capacity to succeed in the difficult music industry. Lil Yachty’s financial career shows his achievement and fame.
Who is Lil Yachty actually?
Americans Lil Yachty is a rapper, singer, and songwriter. The songs “One Night” and “Minnesota,” are well-known. His mixtapes “Summer Songs 2” and “Lil Boat” also gave him fame.
The song ‘Broccoli’ garnered Lil Yachty a Grammy nomination for Best Rap/Sung Collaboration. He also garnered Two MTV Video Music Awards nominations for ‘Best Hip Hop Video’ and ‘Best Collaboration.’
However, Lil Yachty’s highs and lows must be acknowledged. He was caught on an Atlanta highway on September 21, 2020, for exceeding 150 mph. After being charged with reckless driving and speeding, he was jailed in Atlanta. This incident illuminates Lil Yachty’s path to musical achievement and personal growth.
Profile Summary
| Attribute | Details |
| Full/Real name | Miles Parks McCollum |
| Nickname | Lil Boat, Nautica Boat Boy and King Boat |
| Famous name | Lil Yachty |
| Birth date | Aug 23, 1997 |
| Birthplace | Mableton, Georgia, United States |
| Nationality | American |
| Age (As of 2023) | 26 years old |
| Zodiac Sign | Virgo |
| Gender | Male |
| Ethnicity | African-American |
| Religion | Christianity |
| Sexual Orientation | Straight |
| Father | Shannon McCollum |
| Mother | Lily McCollum |
| Siblings | Nina McCollum |
| Famous For | As an American rapper and singer-songwriter |
| Education | Alabama State University |
| Profession | Rapper, Singer, songwriter |
| Movies | How High 2, On the Come Up, MORE |
| Years active | 2014–present |
| Musical Genre | Hip-hop, Trap pop-rap, mumble rap |
| Record Labels | Quality Control, Motown, Capitol |
| Recent Projects | 1. Known for multicolored braids and distinctive fashion sense 2. October 2022 non-album single “Poland” went viral. 3. Released fifth studio album, “Let’s Start Here,” a departure from trap. |
Lil Yachty’s Early Life And Education
Lil Yachty was born in Mableton, Georgia, on August 23, 1997. Drake and others shaped his early musical enthusiasm. Lil Yachty endured taunts, humiliations, and persecution in his hometown school years. Music remained his passion despite these challenges.
In 2015, Lil Yachty attended Alabama State University for two months but dropped out due to his music career goals. After moving to New York, he focused on industry relationships and online presence in music and streetwear.
Lil Yachty expanded his Instagram following to show off his musical talent and entrepreneurial attitude, realizing the power of social media. He worked at McDonald’s to stay dedicated to music throughout this time.
Networking, perseverance, and social media strategy helped Lil Yachty break into hip-hop. His story shows the struggles and triumphs of a musician in a competitive industry.
Lil Yachty’s Physical Appearance
Lil Yachty possesses distinct physical features that contribute to his unique style:
| Eye color | Dark Brown |
| Hair color | Black |
| Height | 5’11”, 180cm |
| Weight | 70Kg, 154lbs |
| Body Measurements | 42-30-35 inches |
| Body Type | Average |
These elements reveal Lil Yachty’s physical appearance, which enhances his image and distinguishes him in the entertainment world.
Lil Yachty’s Personal Life
| Marital status | Unmarried |
| Girlfriend | Update Soon |
| Children | 1 Daughter (October 2021), but mother’s identity not revealed |
Lil Yachty is single and content, reflecting his focused and purposeful personal life. Instead of dating, he focuses on his profession. In 2017, Lil Yachty dated Megan Denise. He joyfully announced his fatherhood in October 2021. He chose to keep his daughter’s mother’s identity private.
Back in September 2015, Lil Yachty was charged with credit card fraud. He was detained at a Palm Beach Gardens mall with another person. He was released on $11,000 bail after this event.
The legal drama continued on September 21, 2020, when Lil Yachty was caught for speeding over 150 mph in Atlanta. His reckless driving and speeding charges landed him in the Atlanta City Jail.
In 2022 and 2023, Lil Yachty was in the news again owing to the SafeMoon and SEC lawsuits. He settled the claims with other celebrities for over $400,000. This settlement did not admit or deny the charges but rather accused him of breaking investor protection regulations by failing to disclose his participation as a paid sponsor in Bitcoin operations.
The Career of Lil Yachty
A viral video made Lil Yachty’s song “One Night” famous. An intriguing song propelled Lil Yachty to fame. By 2020, “One Night” had over 126 million YouTube views.
Lil Yachty broke through in 2016. After modeling for Kanye West’s Yeezy collection, he released his mixtape, “Lil Boat,” featuring “One Night.” This mixtape led to collaborations with famous rappers and musicians who saw his potential.
With DRAM on “Broccoli,” Lil Yachty hit new heights when the song debuted at number five on the Billboard Hot 100. His second mixtape, “Summer Songs 2,” and collaborations with Chance the Rapper, Kyle, and Tee Grizzley consolidated his career.
Lil Yachty’s first studio album, “Teenage Emotions,” debuted at number five on the Billboard Top 200 in 2017. Lil Yachty’s hip-hop influence grew with collaborations with Migos, Diplo, and YG on the album.
Lil Yachty released his second studio album, “Lil Boat 2,” in 2018 and debuted at number two on the Billboard Top 200, selling 64,000 copies. He showed his flexibility by joining FaZe Clan and collaborating with Ocean Park Standoff in pop.
After a quiet 2019, Lil Yachty announced “Lil Boat 3.” in 2020. The lead track, “Oprah’s Bank Account,” featured Drake, his childhood idol. His musical explorations with A-Team members Lil Gotit and Lil Kreed were evident.
Lil Yachty’s October 2022 non-album single, “Poland,” went viral. His fifth studio album, “Let’s Start Here,” released in January 2023, shifted away from trap and into psychedelic rock. In the ever-changing music industry, Lil Yachty showed his originality and versatility.
Career Highlights
| Career Highlights | Release Date | Achievement |
| “One Night” (Song) | 2016 | Viral hit in December 2015 |
| “Broccoli” (Song) | 2016 | Reached #5 on Billboard Hot 100 |
| “Lil Boat” (Album) | March 9, 2016 | Released to rave reviews |
| “Forever Young” (Song) | 2017 | – |
| “Teenage Emotions” (Album) | May 26, 2017 | Debuted at #5 on Billboard Top 200 |
| Grammy Awards (Best Rap) | 2017 | Nominated |
| “2 Vaults” (Song) | 2018 | – |
| “Lil Boat 2” (Album) | March 9, 2018 | Debuted at #2 on Billboard Top 200 with 64,000 AE |
| “Lil Boat 3” (Album) | 2020 | – |
| Notable Career Events | Date | Details |
| Moved to NYC | 2015 | Relocated to pursue music career as “Yachty” |
| Viral Hit | December 2015 | “One Night” gained viral popularity |
| Yeezy Season 3 | February 2016 | Featured in Yeezy Season 3 fashion show at MSG |
| Summer Songs 2 | July 2016 | Released mixtape |
| Signed with Quality Control Music/Capitol/Motown Records | June 10, 2016 | – |
| “iSpy” with Kyle | December 2016 | Collaborative release |
| “Teenage Emotions” Release | May 26, 2017 | Studio album release |
| Lil Boat 2 Release | March 9, 2018 | Despite mixed reviews, debuted at #2 on US Billboard 200 |
| “If You Were Mine” Release | April 27, 2018 | Collaboration with Ocean Park Standoff |
Lil Boat on the Rise
SoundCloud was where Lil Yachty started his music career with rap songs that gained recognition. The viral success of “One Night,” released in 2015, made Lil Yachty a rap star. He collaborated with Drake and Chance The Rapper after his success. Touring with Post Malone raised his music business profile.
Lil Yachty appeared in Long Shot and How High 2 in addition to his musical successes. He added to his wide resume with Pepsi and Sprite advertisements. In Teen Titans GO’s latest episode, Lil Yachty voiced Green Lantern.
Lil Yachty’s 2016 debut album, Lil Boat, and Summer Songs 2 made waves. Teenage Emotions was his 2017 debut, and Lil Boat 2 continued his success in 2018. The same year, Nuthin’ 2 Prove showed his continuing innovation. Lil Yachty released Lil Boat 3 and 3.5 in 2020 and hinted at Michigan Boy Boat in 2021.
From humble beginnings to Billboard, MTV, and Grammy accolades, Lil Yachty has achieved greatness. His unique style seals his place as one of hip-hop’s best, and his journey is far from over. Lil Yachty’s success shows that ambition and hard effort can achieve anything.
Lil Yachty Balance Sheet
| Assets | |
| Cash | $1,20,000 + |
| Gold Reserves | $50,000 + |
| Luxury Cars | 2 + |
| Luxury Watches | 6 + |
| Stock Portfolio | 6 + |
| Investment | $60,000 + |
| Business Income | $1,20,000 + |
| Other Income | $1,50,000 + |
| Loans & Liabilities | |
| Total Liabilities | $50,000 + |
| Annual Expense | |
| Total Annual Expense | $1,00,000 + |
| Taxes Paid | |
| Total Taxes Paid | $7,000 + |
Lil Yachty Recognition and Awards
| Awards | Year |
| BET Hip Hop Awards – Best Mixtape | 2016 |
| BET Hip Hop Awards – Best New Hip Hop Artist | 2016 |
| Grammy Awards – Best Rap/Sung Performance | 2017 |
Lil Yachty has won numerous music industry honors for his talent and influence. His unique approach and appealing tunes have captured global audiences, earning peer praise.
His breakthrough tune “Broccoli,” with D.R.A.M., earned him a 2017 Grammy nomination for Best Rap/Sung Performance. This nomination established his industry presence and demonstrated his chart-topping music.
Besides Grammys, Lil Yachty has gotten many BET Hip Hop Awards nominations for his infectious energy and inventive songs. Award nominations include Best New Hip Hop Artist and Mixtape.
Lil Yachty was named one of the industry’s most influential young artists on Forbes’ 2017 30 Under 30 list. This award validated his emerging star status and showed his future potential.
Lil Yachty’s Business Ventures and Brand Endorsements
| Cryptocurrency – YachtyCoin | Lil Yachty has ventured into cryptocurrency with “YachtyCoin,” enabling fans and investors to digitally engage with his brand and potentially benefit from its success. |
| Diversified Investments | Lil Yachty strategically invests in various industries, including dating apps and technology startups, diversifying his portfolio and positioning himself as a savvy investor with an eye for promising projects. |
| Brand Endorsements | |
| Reese’s Puffs | Collaboration with Reese’s Puffs cereal for a limited-edition box design and promotional campaign, targeting his young and devoted fan base. |
| Amazon | Partnership with Amazon for marketing initiatives, exclusive music releases, and sponsored events. |
| Nautica | Brand ambassadorship for Nautica, a renowned clothing company, and collaboration on a collection reflecting his style. |
| Mattel | Partnership with Mattel, the iconic toy manufacturer, to release a limited-edition Hot Wheels car inspired by his vibrant personality and love for cars. |
| Impact | These ventures enhance Lil Yachty’s financial standing, solidify his influence as a trendsetter and cultural icon, and showcase his unique style to a diverse audience. Through diversification and brand alignment, he establishes himself as both a talented musician and a shrewd entrepreneur. |
Business pursuits outside music illustrate Lil Yachty’s enterprising attitude. His cryptocurrency, “YachtyCoin,” allows digital involvement. His smart investments in dating apps and internet businesses demonstrate his financial expertise.
Lil Yachty also endorses Reese’s Puffs for a limited-edition cereal box, Amazon for exclusive releases and events, Nautica for a reflective collection, and Mattel for a unique Hot Wheels car. These deals raise his finances and establish his status as a cultural icon and innovator, appealing to different audiences.
Lil Yachty’s Other Ventures and Collaborations
| Collaborations | Brand Endorsements |
| Drake | Sprite |
| Chance the Rapper | Pepsi |
| Migos | Other Top Brands |
Legal Issues
Before his stardom, Lil Yachty was in trouble in Florida for credit card theft in 2015. He was arrested with another person at a Palm Beach mall and released on $11,000 bail. Lil Yachty said his criminal records from this incident were purged in 2016, perhaps due to his adolescent status.
Lil Yachty’s Favorite Quotes
- “Sweetheart, would you be my sunshine? My guys will intensify the scene if you mess with us. Three times the cost of ice around my neck—30,000 bucks to be free. Splurged 10 Gs on Rodéo. Show money goes to moms. Vacation, I might rent the Bahamas. Rarely home with 10 phones. They’re copying my style.” Lil Yachty
- “I know you want this forever. Posing with my ice, no wife room. I only want you for the night, but you want this forever. Photos of my ice, no room for a wife, only want you for the night.” Lil Yachty
- ”I need two vaults due to money overflow. Big green stacks make my pockets Hulk-like. Chopper fires cool off and ignore loose comments. Diamonds dancing, moonwalking, AP overheating, cooling.” Lil Yachty
- ”Today, no one is allowed in my car, the back seat feels like a charter airline. My paint drips like marmalade when Silkk Da Shocker plays Charge It To The Game. Brilliant, ignoring distance. When asked about the Rollie, I answered, ‘Don’t worry, it’s timeless.” Lil Yachty
- “New, rapid camouflage in the black Benz vehicle, never glancing back. Can transform your life, just suit me. Every day is exciting when dreams come true. Dinner is cozy and fun in the Sprinter. Girl, your ex rented, I buy.” Lil Yachty
Lil Yachty’s Favorite Things
| Actor | Will Smith |
| Actress | Jennifer Lawrence |
| Color | Pink & Brown |
| Food | Chinese Dishes |
| Hobbies | Traveling & Singing Songs |
Inspiration for a New Generation
Musical Innovation: Lil Yachty’s unique sound inspires young rappers to experiment with rap. His popularity sparked a new rap creative movement.
Collaborative Influence: Collaborations with prominent musicians have helped Lil Yachty reach new audiences with his unique sound. These agreements have strengthened his music business impact and broadened his audience.
Boundary Breaking: Lil Yachty’s boldness in defying rap conventions makes him a pioneer. His experience shows that being unique and true to one’s artistic vision can lead to success, inspiring others to follow their dreams.
Lil Yachty’s Future Outlook and Growth
Lil Yachty’s success and innovative music bode well for him. His art is always evolving, making him a force in the industry. Lil Yachty’s frequent music releases show fans his growth as an artist and performer.
Lil Yachty collaborates with notable artists beyond his solo albums, demonstrating his versatility and adaptability across genres. These collaborations expand his fan base and showcase his diverse and engaging music.
Lil Yachty’s numerous business activities show his entrepreneurial mentality. He uses his brand and fame to explore new prospects through strategic alliances, boosting his success and wealth.
Lil Yachty net worth and financial status are expected to expand exponentially as his brand grows and reaches new consumers. Lil Yachty has the potential for sustained industry success with his growing fan base and impact.
As he relentlessly pursues his passion, fans can expect more new songs, exciting initiatives, and collaborations from this remarkable musician.
Recent Collaborations:
| Collaborator | Song |
| Drake | Act Right |
| Cardi B | Who wants the Smoke? |
| Travis Scott | Watch |
3 Success Lessons from Lil Yachty
After learning about Lil Yachty net worth and success, here are some lessons we can learn:
1. Learn To Embrace Laughter
Life is better with laughing. A fulfilling life involves relaxing, enjoying the present, and not obsessing over the past or future. A laugh or funny perspective can reveal the silver lining in difficult situations.
2. Gain Strength from Rejections
Though unavoidable, rejections shouldn’t stop your objective or vision. Understanding that circumstances change and setbacks are normal helps you recover from rejection. Use it as a learning experience instead of a burden. Life is full of ups and downs, therefore resilience is vital.
3. Accept that Life Continues
Despite obstacles, hard work pays off and life continues. Recognizing that life moves forward is vital even in difficult times. Accepting setbacks, learning from them, and moving ahead are crucial to personal and professional growth.
Lil Yachty’s story encourages us to enjoy life, persevere, and keep going.
Future Prediction: Lil Yachty Net Worth
Lil Yachty, who earned $8 million in 2024, is determined in his profession. His artistic growth and economic expansion show no signs of stopping. If Yachty continues on this path, his net worth will likely rise in the next years.
Lil Yachty Social media
| @lilyachty | over 5.1 million | |
| @lilyachty | over 9.8 million |
Final Thoughts
Lil Yachty’s $8 million net worth displays his commercial acumen and clever brand endorsements as well as his musical talent. Lil Yachty has overcome obstacles, used social media, and used his flair to become a hip-hop superstar from Georgia.
His financial journey shows modern artists’ numerous income streams, stressing brand diversity. Beyond music, Lil Yachty has succeeded in cryptocurrency, investing, and collaborations with Amazon, Nautica, and Reese’s Puffs.
Lil Yachty’s perseverance has propelled him to fame and success despite legal issues. His ability to reach a wide audience, inspire new musicians, and appreciate unusual rap has cemented his influence.
Lil Yachty net worth will rise as he innovates and explores new prospects. His influence on the music and business sectors, together with his commitment to authenticity and originality, make him more than just a wealthy rapper. He is a cultural force changing the entertainment industry.
