Lil Yachty is an American rapper and songwriter with a net worth of $8 million. Yachty is the youngest member of Hip-Hop Cash Kings and describes himself as a bubblegum rapper. His most popular song is “1 Night” which peaked at number 34 on the Billboard Hot 100.
He is known for coining the term “bubblegum trap” to describe his musical style, which combines cheerful optimism, drug-fueled weirdness, and crazy ATLian style. He has released 31 singles, 4 studio albums (including 18 singles as a featured artist), 10 EPs, 3 mixtapes, 1 collaborative mixtape, 10 music videos, and 13 guest appearances.
Along with featuring on 2016 multi-platinum hits DRAM’s “Broccoli” and Kyle’s “ISpy,” Lil Yachty is also known for his distinctive hairstyle and playful personality.
Lil Yachty Net Worth (2024)
| Net asset value | 8 million dollars |
| Job | rapper |
| Year old | 27 years old |
| Nation | America |
| Born | August 23, 1997 |
| Wage | $3 million per year |
| Latest updates | 2024 |
Lil Yachty’s Net Worth Growth
| Net worth 2024 | 8 million dollars |
| Net worth 2023 | 6 million dollars |
| Net worth 2022 | 4 million dollars |
| Net worth 2021 | 2 million dollars |
| Net worth 2020 | 1 million dollars |
Early life
Miles Parks McCollum, also known as Lil Yachty, was born on August 23, 1997, in Mableton, Georgia. His father is Shannon McCollum, a famous professional photographer. Kodie Shane is Yachty’s younger sister.
He enrolled at Alabama State University in the fall of 2015 but left shortly after to focus on his music career. He moved from Atlanta to New York City under the nickname “Yachty” to launch his career.
He lived with his friend in New York while building an Instagram following and connecting with other online streetwear influencers, as well as working at McDonald’s to supplement his initial career.
Career
Lil’s professional career began when he collaborated with producer and beatmaker Burberry Perry, who later became his collaborator K$upreme. The trio, known as “The Saling Team”, produced music in his bedroom studio.
Lil Yachty first found success when Drake’s OVO Sound Radio played his single Minnesota. When a popular meme video featured a SoundCloud version of his song One Night, it brought him to the media’s attention.
He uploaded the music video for his song One Night online and it quickly became popular. In 2016, Lil Boat, his first remix, was released. Broccoli, a hit song that peaked at number 5 on the Billboard Hot 100, was co-written by him and DRAM.
That same year, he released his second mixtape, Summer Songs 2. He was featured on Tee Grizzley’s 2017 song From the D to the A. Lil Boat 2, his second studio album, was released in 2018 and debuted at number 2 on the US Billboard 200 chart.
Songs on the album include Self Made, Boom!, and Oops. As of 2022, Lil Yachty’s net worth is estimated at $8 million. In 2019, Lil Yachty released several surprise singles.
With Oprah’s Bank Account, Lil Yachty made his third appearance on the Hot 100 as a lead artist in 2020. He released Lil Boat 3 after Split/Whole Time was released. He assembled a group of rappers from Flint and Detroit for Michigan Boy Boat in 2021.
Lil Yachty Net Worth and Salary
Other efforts
Lil Yachty appeared as a model in Kanye West’s Yeezy Season 3 fashion show. He has been featured on the cover of numerous men’s publications. As an actor, he appeared in the 2018 film Life-Size 2: A Christmas Eve, Long Shot.
He also appeared in How High 2 in 2019 and in the 2021 documentary, A Man Named Scott. He also did voice acting in Teen Titans Go! To the Movies. Yachty has his own website where he also sells his own merchandise.
The site also offers a glimpse into his personal life and news about Yachty’s upcoming shows, concerts, and tours. In 2018, Yachty signed with FaZe Clan and also competes in competitive Fortnite tournaments.
House and car collection
Lil Yachty lives in a lavish 9-bedroom suburban home in Atlanta that is worth over $800,000. Yachty is a car enthusiast and owns several luxury cars including:
- Rolls Royce Cullinan Black Badge – $442,600
- Mercedes-Benz G63 – $148,495
- Mercedes Benz Maybach – $250,000
- Ferrari 488 Spider – $300,000
- Lamborghini Urus – $218,000
- Dodge Challenger SRT Demon – $84,995
- Ferrari F8 Tributo – 280,000 USD
- Ferrari V6 – $200,000
- Bentley Bentegya – $219,430
Sneakers Collection
Lil Yachty has a passion for collecting sneakers. He has a pair of $200 Nike Air Jordan iiis and a pair of $1000 Sam Bootleg ’80s. He also owns Originals, Pristine, Virgil Abloh Airboats, Margiela, Presto, and a $79 Aqua Air Max.
Jewelry Collection
Yachty is particularly fond of jewelry and has numerous diamond and gold bracelets ranging in price from $1,095 to $10,844. He also owns several diamond rings.
Each piece costs $5,389.00. A diamond ring from AB Jewelers, which is quite expensive, can cost up to $50,000, and multiple gold necklaces, each cost over $1,000.
Lil Yachty Biography
| Real name | Miles Parks McCollum |
| Nickname | Lil Yachty |
| Year old | 27 years old |
| Height | In feet – 5 feet 11 inchesIn meters – 1.8 mIn centimeters – 180 cm |
| Weight | In Kilograms – 73 KgIn Pounds – 161 lbs |
| Family | Father – NoneMother – Shannon McCollumSister – NoneBrother – None |
| Girlfriend | Megan Denise |
| Wife | Do not have |
| Children | first |
“Just do what you want to do, don’t worry about what people think.”
– Lil Yachty
Lil Yachty Social Media Profile
Personal life
Yachty announced the birth of his first daughter in 2021, the name of the baby’s mother is still unknown. His rumored girlfriend is Instagram model Megan Denise, and the two began dating in 2017.
He was jailed in 2015 for credit card fraud, but his record was sealed. Yachty was released on $11,000 bail. He also endorsed Bernie Sanders in the 2016 presidential election.
Summary
As of 2024, Lil Yachty’s net worth is estimated to be $8 million. He is one of rap’s biggest success stories ever, rising to fame with his song “1 Night.” The majority of Lil Yachty’s income comes from his music career.
Including record sales, endorsement deals, modeling, tours, concerts, and other sources, he is said to earn $1.36 million a year. He charged $35,000 per show in 2016 and is now charging $200,000 per show.
He also makes money through his YouTube channel, Lil Boat, which currently has over 2.7 million subscribers and over 967 million views. With over 400,000 average views per day, he earns around $9.7k.
With over 100 live shows under his belt, he finally reached his goal. Over the course of his modeling career, he was able to earn $132,835 a year. Yachty has stated that he spends around $52,000 a month on his regular expenses.
He is known for being a luxury shopper. He spends money on oversized, luxurious jewelry and enjoys fine dining at the most expensive, exclusive restaurants.
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