|Net Worth||$8 Million|
|Country of Origin||United States of America|
|Source of Wealth||Professional Rapper|
What is Lil Yachty’s net worth? Here’s what we know. When Lil Yachty was lil’, he was known by his friends and family as Miles Parks McCollum. He was born August 23, 1997, in Mableton, Georgia.
After graduating high school, Lil Yachty attended Alabama State University for two months before dropping out and moving to New York City to give his music career a fair chance.
It turned out to be a smart move because he gained recognition in August of 2015 for his singles ‘One Night’ and ‘’Minnesota’ from his debut EP. That put him on the map and opened a lot of doors for him in the music industry. Lil Yachty’s net worth was growing.
One year later in June of 2016, Yachty told his fans he had signed a joint venture record deal with Quality Control Music, Capitol Records and Motown Records. He released two other mixtapes in 2016 before releasing his debut studio album, Teenage Emotions, in 2017.
The critics were mixed on the album, but it did have modest commercial success by debuting at number five on the Billboard 200. The album featured guest spots from Diplo and Migos.
In 2018, the rapper released his second studio album, Lil Boat 2, and received even more commercial success, debuting at number two on the Billboard 200. It’s his highest peaking album and also his most star-studded album, featuring guest spots from Quavo, 2 Chainz, Offset and Lil Pump.
In addition to his music, Yachty has also landed a few brand deals. He made a guest appearance in a Sprite commercial with LeBron James. He was also selected to be the face of the new Nautica and Urban Outfitters collection.
According to the latest report, Lil Yachty’s net worth stands at around $8 million, which is not bad at all, especially when you consider just how broke he was four years ago. Heck, back in 2015 he and his friend were arrested at a mall in Florida for credit card fraud, although, Yachty claims his records were expunged. He is now part of the millionaire’s club that includes Beyonce, Miley Cyrus, and Chris Brown.