A notable figure in American hip-hop, Lil Yachty net worth is $8 million as of 2024. Lil Yachty, born August 23, 1997, is successful due to his unique style, musical aptitude, and broad appeal.
At 26, Lil Yachty rose to fame and money with a string of hits and collaborations. He made a lot of money in the music industry because of his distinctive rap and singing style.
Lil Yachty has released multiple albums that have been critically acclaimed and appeal to a wide audience. His ability to connect with listeners has led to lucrative record contracts and business enterprises, increasing his wealth.
As Lil Yachty continues to grow as an artist and explore new music industry prospects, his financial success is a testament to his hip-hop influence and business ability.
| Name | Lil Yachty |
| Source of Income | Singing |
| Salary | $1 Million + |
| Monthly Income | $150,000 + |
| Yearly Income | $1 Million + |
| Net Worth | $8 Million |
Live performances earn Lil Yachty significant fees, helping him financially. Lil Yachty became wealthy quickly by charging record labels for song releases. His singing and rapping live increase his income. His excellent music career earns him millions annually.
Lil Yachty Net Worth Growth
| 2019 | $1 Million |
| 2020 | $2 Million |
| 2021 | $3 Million |
| 2022 | $4 Million |
| 2023 | $6 Million |
| 2024 | $8 Million |
Lil Yachty’s development in the music industry shows his artistic talent and persistence in a tough field. The American rapper, singer, and songwriter Lil Yachty is renowned for songs like “One Night” and “Minnesota.” His mixtapes, “Summer Songs 2” and “Lil Boat,” have increased his fame.
The Grammy nomination for ‘Broccoli,’ Best Rap/Sung Collaboration, was Lil Yachty’s apex. He also received MTV Video Music Awards nominations for ‘Best Hip Hop Video’ and ‘Best Collaboration.’
Lil Yachty’s path has highs and lows. On September 21, 2020, he was arrested for speeding on an Atlanta roadway at 150 mph. His reckless driving offenses landed him in Atlanta prison. This incident illustrates Lil Yachty’s complicated journey, emphasizing his obstacles and personal progress.Lil Yachty net worth is $8 million.
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 | Known for multicolored braids and distinctive fashion sense October 2022 non-album single “Poland” went viral. Released fifth studio album, “Let’s Start Here,” a departure from trap. |
Lil Yachty’s Early Life And Education
Drake and other musicians influenced Lil Yachty, born in Mableton, Georgia, on August 23, 1997. Lil Yachty kept his love of music despite taunts, humiliations, and persecution in his hometown school.
Lil Yachty attended Alabama State University for two months in 2015 but dropped out to pursue music. After moving to New York, he focused on industry ties and online music and streetwear presence. Understanding social media’s power, Lil Yachty intentionally grew his Instagram following to promote his music and business. He also worked at McDonald’s, showing his passion to music.
Lil Yachty broke into hip-hop using networking, dedication, and social media strategy. His story shows how resilient and strategic engagement in the digital age may help musicians succeed in a competitive profession.Lil Yachty net worth is $8 million.
Lil Yachty 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 |
Lil Yachty Personal Life
| Marital status | Unmarried |
| Girlfriend | Update Soon |
| Children | 1 Daughter (October 2021), but mother’s identity not revealed |
According to recent reports, Lil Yachty is single and happy, focusing on his career rather than dating. In 2017, he dated Megan Denise. In October 2021, Lil Yachty announced his dadhood but didn’t reveal his daughter’s mother.
Legal issues have plagued Lil Yachty. After being arrested at a Palm Beach Gardens mall alongside another person in September 2015, he was charged with credit card fraud. He was released on $11,000 bond after this event.
After being arrested speeding over 150 mph in Atlanta on September 21, 2020, Lil Yachty faces legal difficulties again. His reckless driving and speeding charges landed him in the Atlanta City Jail.
SafeMoon and SEC litigation plagued Lil Yachty in 2022 and 2023. He and other celebrities settled for over $400,000. Lil Yachty was accused of breaking investor protection laws by failing to disclose his role as a paid sponsor in bitcoin operations in the settlement. These legal issues demonstrate artists’ complex lives outside of music.Lil Yachty net worth is $8 million.
The Career of Lil Yachty
Lil Yachty’s viral song “One Night.” launched him to fame. The song’s intrigue propelled Lil Yachty’s rise to popularity, and by 2020, the music video had over 126 million YouTube views.
In 2016, Lil Yachty shot to fame after modeling for Kanye West’s Yeezy line and releasing his mixtape “Lil Boat,” which included “One Night.” This mixtape featured collaborations with famous rappers and musicians who saw Lil Yachty’s potential.
For “Broccoli,” Lil Yachty collaborated with DRAM and reached 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 music career.
Lil Yachty’s first studio album, “Teenage Emotions,” debuted at number five on the Billboard Top 200 in 2017. Lil Yachty collaborated with Migos, Diplo, and YG on the album, demonstrating his hip-hop influence.
Lil Yachty’s second studio album, “Lil Boat 2,” debuted at number two on the Billboard Top 200 the following year and showed his versatility by including pop collaborations with FaZe Clan and Ocean Park Standoff.
Lil Yachty’s 2020 release of “Lil Boat 3.” followed a quiet 2019. The lead single, “Oprah’s Bank Account,” featuring his childhood idol Drake, showcased Lil Yachty’s musical growth with A-Team mates Lil Gotit and Lil Kreed.
Lil Yachty’s non-album track “Poland” went viral in October 2022, boosting his music career. Lil Yachty’s fifth studio album, “Let’s Start Here,” released in January 2023, moved from trap music to psychedelic rock, demonstrating his devotion to creativity and versatility in the ever-changing music industry.
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
Lil Yachty launched his music career on SoundCloud with rap songs. Lil Yachty’s career took off with the 2015 viral hit “One Night,” which launched him as a rapper. After this accomplishment, he worked with Drake and Chance The Rapper, establishing his music career. Touring with Post Malone raised his music profile.
Lil Yachty appeared in “Long Shot” and “How High 2.” in addition to his music career. His commercial efforts for Pepsi and Sprite showed his versatility. A recent Teen Titans GO episode included Lil Yachty as Green Lantern.
Lil Yachty’s 2016 mixtape “Summer Songs 2,” and 2016 debut album “Lil Boat,” made ripples in the industry. The 2017 debut studio album “Teenage Emotions” and 2018’s “Lil Boat 2” built on his success. The same year, Lil Yachty released “Nuthin’ 2 Prove,” demonstrating his growth.Lil Yachty net worth is $8 million.
Lil Yachty released “Lil Boat 3” and “Lil Boat 3.5” in 2020, teasing “Michigan Boy Boat” in 2021. Billboard, MTV, and a Grammy nomination for “Broccoli,” recognize Lil Yachty’s hip-hop genius. His unique style and dedication to innovation have made him one of the greatest in the field, proving that ambition and hard work can lead to greatness. Lil Yachty’s story shows music and entertainment’s longevity.
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’s music industry impact has been recognized with many awards. His unique approach and captivating songs have won over global fans and industry experts.
The 2017 Grammy nomination for Best Rap/Sung Performance for Lil Yachty’s duet with D.R.A.M., “Broccoli,” was a turning point. This nomination showed his industry presence and ability to write chart-topping music.
Lil Yachty’s infectious enthusiasm and inventive songs have earned him Grammy and BET Hip Hop Awards nominations. His nominations for Best New Hip Hop Artist and Mixtape demonstrate his hip-hop influence.Lil Yachty net worth is $8 million.
Lil Yachty was named one of Forbes’ 2017 30 Under 30 most important emerging artists. This prestigious award confirmed his rising star status and showed his career’s potential. Commercial success, critical praise, and industry recognition have made Lil Yachty a music industry icon.
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 personal 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. |
Beyond music, Lil Yachty is an entrepreneur with business and financial skills. His cryptocurrency endeavor, “YachtyCoin,” gives followers a digital way to interact with his business.
Lil Yachty has invested in dating applications and online firms in addition to his bitcoin endeavor, showing a solid awareness of developing markets and technology. His financial awareness helps him succeed outside of music.
Lil Yachty’s Other Ventures and Collaborations
| Collaborations | Brand Endorsements |
| Drake | Sprite |
| Chance the Rapper | Pepsi |
| Migos | Other Top Brands |
Legal Issues
In 2015, Lil Yachty was charged with credit card theft in Florida before becoming famous. Lil Yachty was released on $11,000 bond after being arrested at a Palm Beach mall with another individual. Lil Yachty later said his criminal records from this incident were erased in 2016, maybe owing to his adolescence.
Lil Yachty 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, cools off, ignores loose comments. Diamonds dancing, moonwalking, AP overheating, cooling.” Lil Yachty
- ”Today, no one is allowed in my car, 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 Favorite Things
| Actor | Will Smith |
| Actress | Jennifer Lawrence |
| Color | Pink & Brown |
| Food | Chinese Dishes |
| Hobbies | Traveling & Singing Songs |
Inspiration for a New Generation
Lil Yachty’s influence on music goes beyond his accomplishment. Several examples show his influence:
Music Innovation: Lil Yachty’s distinct sound and style have inspired future rappers to innovate. His daring and eclectic style have inspired a new rap movement.
Lil Yachty’s career has been shaped by collaborations with famous musicians. These relationships demonstrate his versatility and introduce him to new audiences. Lil Yachty has grown his fanbase and music influence through these deals.
Lil Yachty pioneered rap by breaking boundaries. Being distinctive and faithful to his artistic vision has shown that authenticity can lead to success. This technique inspires aspiring artists to follow their ambitions and creative impulses.
In conclusion, Lil Yachty’s influence goes beyond his chart-topping successes; it’s rooted in his role as a trailblazer, pushing the limits of rap and sparking a new wave of music business inventiveness.
Lil Yachty’s Future Outlook and Growth
Lil Yachty’s music career has been successful, innovative, and adaptable. Some major points showing his continued impact:
The artistry of Lil Yachty evolves with his popularity. Fans see his growth and his art’s constant change through his regular music releases.
Beyond his solo releases, Lil Yachty’s collaborations with famous artists demonstrate his flexibility and ability to cross genres. These agreements increase his fan base and show his ability to entertain with various music.
Lil Yachty’s many business ventures show his entrepreneurial spirit. He uses his name and recognition to explore new prospects through smart alliances, boosting his industry and financial success.
Promising Future: As his brand grows and reaches new consumers, Lil Yachty’s net worth and finances should rise. He might be successful and influential with a rising fan base and a lasting industrial impact.
Lil Yachty’s tireless pursuit of his passion means listeners may expect more than music from him. Future projects, collaborations, and innovations are sure to keep fans interested in his music offerings.
Recent Collaborations:
| Collaborator | Song |
| Drake | Act Right |
| Cardi B | Who Want the Smoke? |
| Travis Scott | Watch |
Lil Yachty Social media
| @lilyachty | over 5.1 million | |
| @lilyachty | over 9.8 million |
Final Thoughts
Lil Yachty’s $8 million net worth shows his sales skills and brand endorsements, as well as his music. Georgia hip-hop singer Lil Yachty overcame challenges, used social media, and added his own style.
His financial journey emphasises brand variety and modern artists’ multiple income streams. In addition to music, Lil Yachty has succeeded in cryptocurrencies, investment, and collaborations with Amazon, Nautica, and Reese’s Puffs
Lil Yachty’s determination has helped him overcome legal troubles and become famous. His ability to encourage young musicians, reach a large audience, and appreciate unorthodox rap has reinforced his legacy.
As Lil Yachty innovates and explores new opportunities, his net worth will climb. His impact on music and business, plus his honesty and creativity, make him more than a millionaire rapper. His cultural influence changes entertainment.
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