What is Lil Yachty Net Worth?

Lil Yachty, born Miles Parks McCollum, is an American hip hop recording artist with a net worth of $8 million. Known for his unique style and catchy songs like “One Night,” Lil Yachty has made a name for himself in the music industry. Despite being associated with the genre of “mumble rap,” he prefers to call his music “bubblegum trap,” incorporating elements from cartoons and video games.

Early in his life, Lil Yachty was inspired by Canadian rapper Drake and decided to pursue a career in music. After dropping out of Alabama State University in 2015, he moved to New York to focus on his musical aspirations. Working at McDonald’s to support himself, Lil Yachty networked and built his online presence, eventually gaining recognition through a viral video featuring his song “One Night.”

His big break came in 2016 with the release of his mixtape “Lil Boat,” which included the hit track “One Night.” Collaborations with artists like DRAM and Chance the Rapper followed, propelling Lil Yachty further into the spotlight. His debut studio album, “Teenage Emotions,” debuted at number five on the Billboard Top 200 in 2017.

Continuing his success, Lil Yachty released his second studio album, “Lil Boat 2,” in 2018, which peaked at number two on the Billboard Top 200. He also ventured into other ventures, such as modeling for Yeezy and collaborating with brands like Nautica and Sprite. Despite facing legal issues in the past, Lil Yachty has managed to maintain a thriving career.

In 2020, Lil Yachty announced the release of his album “Lil Boat 3,” featuring collaborations with artists like Drake. His music continues to evolve, with his fifth studio album, “Let’s Start Here,” showcasing a departure from his signature trap sound towards psychedelic rock influences.

Outside of music, Lil Yachty has engaged in various business ventures, including partnerships with brands like Nautica and Sprite. His net worth of $8 million in 2024 reflects his success as an artist and entrepreneur. With a promising future ahead, Lil Yachty’s journey serves as an inspiration for aspiring musicians and entrepreneurs alike.