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Lil Yachty Net Worth 2020

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Facts of Lil Yachty

Full NameMiles Parks McCollum
First NameMiles
Middle NameParks
Last NameMcCollum
Birth NameMiles Parks McCollum
ProfessionRapper
NationalityAmerican
Birth CityMableton, Georgia
Birth CountryAmerica
Gender IdentityMale
HoroscopeVirgo
Relation WithIndia Westbrook (2017), Rubi Rose (2016 - 2017)
EducationAlabama State University
Height182 cm
Facebook Profile
Twitter Profile
Insta Profile
Date of BirthAugust 23,1997
Age22 years
Networth
Year2020
Amount$8 Million
Currencyusd

How Much Is Lil Yachty’s Net Worth?

Lil Yachty, an American rapper, singer and songwriter came to fame after releasing his debut single One Night in August 2015. Currently, he owns the net worth of $8 million. Lil has released 3 studio albums so far, also his acting career earns him a hefty sum.

Get details on Lil Yachty’s net worth, asset, income source, expenses & personal life here. 

Lil Yachty’s Net Worth is $8 Million: Income Sources & Salary

The 21-year-old rapper is professional for over 4 years only but took no time to shower himself a huge media attraction as well as monetary benefits. With a successful career as a rapper, musician and actor, Lil Yachty tags himself in the list of young millionaires.

As of May 2020, Lil Yachty owns the net worth of $8 million.

The primary source of his income is his musical career, though, acting and endorsements have also played a vital role in his fortune growth.

With the growing potential as a prominent rapper, Lil Yachty is often compared with Kendrick Lamar (owns $55 million), Ludacris (net worth $25 million) and DMX (net worth $10 million), Lil Pump

As reported, the rapper commands $100,000 for his every concert. Sources report that he earns hundreds of thousand dollars as a yearly salary. 

Made it to the Forbes List

In 2017, Lil made it at 20th spot in the Forbes "THE TOP-EARNING HIP-HOP ACTS OF 2017" list. 

His earning in the 2017 was estimated at $11 million. 

Earnings from Albums Sales & Films:

Lil Yachty has released 3 studio albums so far: Teenage Emotions (2017), Lil Boat 2 (2018), and Nuthin' 2 Prove (2018).   

Yachty singed a joint venture record deal with Quality Control Music, Capitol Records, and Motown Records, on June 10, 2016. And has released 2 mixtapes: Lil Boat (2016) and Summer Songs 2 (2016).

AlbumSalesEarnings
Teenage Emotions46,000 units$285,000
Lil Boat 264,000 units$633,600
Nuthin’ 2 Prove95-105,000 equivalent album units$1.07 million-$1.18 million

Furthermore, he also has notable acting credits in Teen Titans Go! To The Movies (2018), Life-Size 2: A Christmas Eve (2018), and Long Shot (2019).

Well, Lil Yachty voiced Green Lantern in the movie Teen Titans Go! To The Movies, which grossed the box office collection of $52.1 million over the budget of $10 million. 

Even if his exact payroll is not out, probably he makes massive hundreds of thousand dollars salary. The average salary of an actor in the United States is $50,400.

Endorsement, YouTube & Instagram Earnings

Alongside music career, Lil Yachty also earns from her endorsements with Sprite, Adidas, Christian Dior, and Icebox Jewelry. He was the face of Nautica and Urban Outfitters collection. Well, the rapper made a guest appearance in a Sprite commercial with LeBron James.

As per Influencer Marketing Hub, Yachty earns $16,912 - $28,186 per sponsored post via her Instagram where her followers count 8.5 million as of April 2019. 

Lil Yachty owns a YouTube channel Lil Boat, created on August 17, 2015, that earns him around $100,000 per year. 

Asset, Expenses & Lifestyle

Currently, Lil Yachty lives in his house in the United States, though has not disclosed the house location and worth details. Probably, as the owner of a massive million dollars net worth, Lil owns a million dollars mansion and has a lavish lifestyle.

In one of his interview in March 2018, Yachty revealed that he didn’t like to live alone so he shares a 9-bedroom house with his 10 friends. Prior to that, the young rapper shared a 2-bedroom condo with 3 friends.  

Moreover, Yachty also bought his mom a house. The average house price in the United States is around $200,000 which accompanies $1,000 house insurance premium.  

It seems Lil Yachty is fond of luxury cars and has an impressive car collection. His collection includes:

  1. Ferrari F12 Berlinetta- $379,866
  2. Mercedes G Wagon- $124,500
  3. BMW I8- $148,500
  4. Bentley- $180,000

Besides this, the American rapper makes huge expenses on jewelry and clothing. Surfing through his social media account, Yachty turns out to be fond of traveling as well.

Tax & Insurance

Meanwhile, the report on his health and other insurances is not out, though is claimed to have massive million dollars insurance.

Well, Lil Yachty does have insurance of his assets; his BMW costs him $1,966 as annual insurance while Bentley seeks $3,600.

Also, Yachty is also liable to income tax which can charge a nearly half from his annual earnings.

For instance, upon the $1 million yearly revenue, the rapper is liable to pay around $460,000 as income tax, inclusive Federal tax, State tax, and FICA.

Charity Works

Apart from the music career, Lil Yachty has active involvement in charity works as well. He has associations with the Food and Drug Administration and The Robin Hood Foundation

Back in June 2018, after rapper XXXTentacion was shot and killed, Yachty alongside the fellow celebrities Lil Uzi Vert, Nicki Minaj, Desiigner and many others founded a foundation to help XXXTentacion’s family.

Also, Yachty with his footwear partner Reebok and Foot Locker donated sneakers to Hurricane Maria victims in Puerto Rico in December 2017

Lil Yachty’s Personal Details: Age, Family, Education & Relationship

Born on August 23, 1997, in Mableton, Georgia, U.S, Lil Yachty's real name is Miles Parks McCollum. His parents and family background is yet to be out.  

Well, Yachty’s is an American by nationality and is of black ethnicity.

He attended Alabama State University in fall 2015 but dropped out later to pursue his musical career. The same year in 2015, Miles took up the stage name Yachty.

As of April 2019, Lil Yachty’s age is 21 and has a height of 5 ft 11 inches (182 cm).

Meanwhile, Yachty is not married and also is not reported to be dating or has any other relationships.

He was in an affair with India Westbrook (2017) and Rubi Rose (2016 - 2017)

Updated On Tue Jun 09 2020 Published On Tue Apr 16 2019 By Chandra Rana Magar

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