Last Updated on May 28, 2023 by Benjamin Mulany
When it comes to the world of rap and hip-hop, Lil Yachty has made a significant splash. This American rapper and recording artist has taken the industry by storm with his unique style and catchy tunes. With a distinctive sound and a knack for blending different genres, Lil Yachty has amassed a dedicated fan base and made considerable net worth in a relatively short span of time.
In this blog, we will dive into the life, career, and net worth of Lil Yachty, exploring how he navigated the turbulent waters of the music industry to reach his current net worth of $8 million.
| Full Name | Miles Parks McCollum |
| Stage Name | Lil Yachty |
| Net Worth | $8 million |
| Profession | American rapper, singer, songwriter |
| Birth Date | August 23, 1997 (age 25) |
| Birth Place | Mableton, Georgia, USA |
| Girlfriend | Selangie Arlene |
| Last Updated | April 2023 |
Key Takeaways
- Lil Yachty is an American rapper and singer, who enjoys an estimated net worth of $8 million in 2023.
- He adopted the name “Yachty” in 2015 and moved from Atlanta to New York City to pursue his music career.
- He has been involved in various ventures, including appearing in a Sprite commercial with LeBron James
- Lil Yachty has worked with notable artists like Drake and Kanye West.
Early Life
Born on August 23, 1997, in Mableton, Georgia, USA, Lil Yachty, whose real name is Miles Parks McCollum, discovered his passion for music at a young age.
Influenced by a wide range of musical styles, he found himself drawn to the world of rap and hip-hop.
Lil Yachty’s journey began to take shape when he released his debut singles, “Minnesota” and “One Night,” in 2015, gaining attention from music enthusiasts and industry insiders alike.
Lil Yachty Net Worth and Career
Lil Yachty’s distinctive style and innovative approach to music quickly caught the attention of the music industry.
With his self-described “bubblegum trap” sound, he seamlessly blended elements of rap, hip-hop, and even incorporated sound bytes from cartoon theme songs and video games. Critics praised his music for its catchy and fun nature, recognizing him as an evolution in the rap genre.
| Annual Income | $600,000 + |
| Salary Per Month | 60,000 + |
| Net Worth 2023 | $8 million |
While Lil Yachty’s initial success came from his viral video featuring the track “One Night,” he didn’t stop there.
In 2016, he released his debut mixtape titled “Lil Boat,” which featured the popular song “One Night.” This mixtape helped solidify his place in the music scene, attracting collaborations with esteemed artists such as DRAM and Chance the Rapper.
The following year, Lil Yachty released his first studio album, “Teenage Emotions,” which debuted at number five on the Billboard Top 200 chart. This achievement further bolstered his reputation and proved his ability to captivate audiences with his unique style.
Continuing his upward trajectory, Lil Yachty released his second studio album, “Lil Boat 2,” in 2018, which debuted at an impressive number two on the Billboard Top 200. His collaborations with renowned artists like Drake and Kanye West have further solidified his position in the music industry.
During his career, Lil Yachty worked with major music influencers like Drake, Migos, Chance the Rapper, and more. As an appreciation for his work in the American music industry, he got major awards like the MTV Video Music Award and the BET Hip Hop Award.
He became a model for Kanye West’s Yeezy fashion line in 2016, showcasing his influence beyond the realm of music. Moreover, he has appeared in a Sprite commercial alongside basketball legend LeBron James, demonstrating his marketability and broad appeal.
Lil Yachty’s entrepreneurial spirit extends to endorsements as well. He has endorsed clothing lines such as Nautica and Urban Outfitters, leveraging his popularity to create successful partnerships.
Lil Yachty’s entrepreneurial spirit extends to endorsements as well. He has endorsed clothing lines such as Nautica and Urban Outfitters, leveraging his popularity to create successful partnerships.
Lil Yachty Personal Life
Lil Yachty first met the love of his life, Selangie Arlene, who is from Atlanta. Since then they are dating and are in a relationship.
There was a time when Lil Yachty was involved in a controversy with Bhad Bhabie that was reported by the media in 2021. During an Instagram live session, they engaged in a heated argument regarding cultural appropriation.
As far as hobbies and interests, Lil Yachty is very fond of playing video games and basketball. He is also associated with some charities like the American Heart Association and the Atlanta Community Food Bank.
5 Lessons We Learned from Lil Yachty Life
There are 5 valuable lessons we can learn from Lil Yachty’s journey and success:
Embrace uniqueness
Lil Yachty’s success stems from his ability to stand out in a crowded industry. By embracing his individuality, he has carved a niche for himself and created a brand that resonates with fans.
Adapt and evolve
Lil Yachty’s willingness to explore different musical horizons and collaborate with diverse artists showcases his adaptability. This willingness to evolve and try new things has contributed to his sustained success.
Embrace the power of social media
His rise to fame can be attributed in part to his savvy use of social media platforms. By leveraging these platforms, Lil Yachty connected with fans built a loyal following, and garnered attention from the industry.
Work ethic and perseverance
Lil Yachty’s journey hasn’t been without challenges. Dropping out of college and working at McDonald’s to support himself, he exhibited a strong work ethic and determination to pursue his music career. This perseverance has been instrumental in his success.
Embrace collaborations
Lil Yachty’s collaborations with established artists have allowed him to tap into their fan bases while also showcasing his own talents. These collaborations have been mutually beneficial and have helped him reach new heights in his career.
Questions People Ask
What is the Net Worth of Lil Yachty in 2023?
As of 2023, Lil Yachty’s net worth is estimated to be around $8 million.
How old is Lil Yachty in 2023?
Lil Yachty was born on August 23, 1997, which means he will be 26 years old in 2023.
How tall is Lil Yachty?
Lil Yachty is 5 feet 10 inches tall (178 cm).
Lil Yachty Net Worth
As of May 2023, Lil Yachty’s net worth is estimated to be $8 million. This impressive figure reflects his achievements in the music industry, his various collaborations, endorsements, and entrepreneurial ventures.
His major sources of income involve not only his music career, but Lil Yachty has also built a reasonable business and real estate portfolio.
| 2023 | $8 million |
| 2022 | $7.5 million |
| 2021 | $6.5 million |
| 2020 | $6 million |
| 2019 | $5 million |
In recent years, he had bought a property in Atlanta, Georgia, valued at $1.5 million that has an indoor gym and home theatre. With his continued success in the music industry, Lil Yachty’s net worth is only expected to grow in the coming years.
Lil Yachty’s journey from an aspiring artist to a multi-millionaire serves as an inspiration to aspiring musicians worldwide. With his unique style, catchy tunes, and entrepreneurial spirit, he has made a significant impact on the rap and hip-hop genres.
Benjamin writes and conducts research for AllAboutNetWorth. Ben is a young Canadian man who is now exploring the world. He enjoys both eating and tourism. Benjamin has a strong love for inspiring others to pursue their ambitions. He has explored his interests, vocations, and finances for more than five years. The writings and publications on AllAboutNetWorth are the brainchild of Ben.