HomeMusicLil Yachty Net Worth 2024: How Rich Is The Famous Rapper?

Lil Yachty Net Worth 2024: How Rich Is The Famous Rapper?

Lil Yachty is a well-known musician. He rose to prominence in the rap world due to his vibrant and fun personality. His first debut was released in 2016 which contained catchy songs with interesting lyrics that rapidly earned him a large following. He is notable for his creativity making him an important figure in modern music. His unique abilities demonstrate his enduring influence on his following. Let’s know more about him;

Quick Facts

Full NameMiles Parks McCollum
NicknameLil Yachty, RD, Darnell Boat, Lil Boat
BirthdateAugust 23, 1997
BirthplaceMableton, Georgia, USA
Age26 years
Height5 ft 11 in (1.80 m)
Weight73 kg / 161 lbs
Hair colourBlack
Eye colourDark brown
Zodiac signVirgo
Sexual orientationStraight
ProfessionRapper, Model, Record Producer,
Singer-songwriter, Actor, Songwriter
Record labelsQuality Control Music, Motown, Capitol Records,
The 740 Project, Capitol Music Group
Net Worth$8 Million
GirlfriendRubi Rose (in 2017)
ChildrenFirst child (October 20, 2021)
ParentsShannon McCollum (father)
EducationAlabama State University,
Pebblebrook High School
Marital statusUnmarried
X (Twitter)@lilyachty

Where did Lil Yachty grow up?

Lil Yachty was born in Miles Parks McCollum Georgia. He grew up listening to Canadian rapper Drake. Yachty attended university in his home country and grew up with his parents and siblings. He dropped out of the university to pursue his music career. He moved to New York City and started networking while staying with his friend. Lil built important connections and worked hard to increase his social media followers. He understood the potential of social media and recognized the need for his online presence on social media. 

 Lil Yachty Early Career

 Lil Yachty Early Career
Source: ONCRETE BOY BOAT/Instagram

Lil Yachty rose to fame when his song” One Night” went viral and got a lot of public attention. Following the popularity of the viral hit he released his mixtape which captured him into the spotlight. Collaborations with famous musicians aided his rise in the music business. His collaborative efforts produced popular songs that inspired listeners. He expanded on his success by continuously producing songs and collaborating with other well-known musicians. 

Lil Yachty’s Personal Life

Lil Yachty's Personal Life
Source: Lester Cohen/Wireimage

Lil Yachty announced the birth of his daughter with great excitement in 2021. However, he tried to hide the mother’s name keeping her anonymous from the public eye. Lil Yachty also became involved in legal troubles with bitcoin. He was named in the SafeMoon and SEC lawsuits, along with numerous other celebrities, for allegedly false Bitcoin advertising. The complaints claimed that he violated investor protection rules by failing to disclose that he was a paid promoter of cryptocurrencies. To address these accusations, Lil Yachty agreed to a payment of more than $400,000. Despite the settlement, he did not accept or deny the claims against him. This legal decision allowed him to proceed without additional litigation, but it also drew attention to the larger problem of transparency and ethics in celebrity sponsorships in the cryptocurrency industry.

What is Lil Yachty’s Net Worth?

What is Lil Yachty’s Net Worth
Source: ONCRETE BOY BOAT/Instagram

Lil Yachty is a millionaire with a net worth of $8 million which he earned in less than 7 years via his music business. He is best known for his popular song One Night symbolizes a new era of rap and hip-hop. However, there are conflicting statements regarding his net worth. Despite these fluctuations, Lil Yachty remains one of hip-hop’s most astonishing success stories, demonstrating his influence and impact on the music industry. His swift rise and great accomplishments earned him a good following. 


In conclusion, Lil Yachty has made a huge impact on the music world with his distinct style. Growing up with his family and being inspired by musicians like Drake enabled him to make his name in the hip-hop world.  He dropped out of university to pursue music in New York City, relying on social media to advance his career. His breakout song “One Night” and the following mixtape catapulted him into the spotlight, resulting in fruitful collaborations and a huge fan base. Despite facing legal difficulties over cryptocurrency endorsements, Yachty’s honesty and originality have solidified his position in the industry. With a claimed net worth ranging from $8 million to $15 million, his career is one of the most astonishing success stories in modern hip-hop, demonstrating his ongoing impact and popularity.

Showbiz Weekly Staff
Showbiz Weekly Staffhttps://showbizweek.com
Showbiz Weekly, deeply involved in the realms of celebrity news, entertainment, and fashion. With an expert eye for trends and a finger on the pulse of pop culture, they curate captivating content that keeps audiences informed and entertained. From the latest celebrity gossip to exclusive fashion insights, and engaging experience for all of these exciting topics.

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