Lil Yachty Net Worth, The Fantastic Career Of A Teenage Rapper

Lil Yachty Net Worth

Lil Yachty, who has a real name as Miles Parks McCollum is a rapper and songwriter from America.

He first gained popularity in 2015 for his debut singles titled “One Night” and “Minnesota”.

Lil Yachty also launched his first mixtape the year after his debut singles.

Many rappers and producers put a lot of attention to his released mixtape titled “Lil Boat”.

That’s why he also was known as Lil Boat beside Lil Yachty.

As of this year, Lil Yachty net worth is estimated $8 million. How he achieved this net worth? We’re about to reveal it.

Early Life

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On 23rd of August, 1997, Miles Parks Mccollum was born in Mableton, Georgia.

In 2015, McCollum chose to take the stage name “Lil Yachty” because he was in the youngest member of a group called “The Yacht Club”.

Then, he moved to New York City from his Atlanta to make his dream to become a successful rapper came true.

He struggled his way to the top by staying with a friend.

Lil Yachty networked himself with online street fashion personalities.

That was how he began to build up his image on Instagram to be the next internet sensation.

Building Up His Career

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People started to recognize him when his debut single “One Night” was featured in a short comedy video on Instagram that went viral.

The song was actually taken from his SoundCloud account by the video maker at the end of 2015.

Starting the year of 2016, Lil Yachty got involved as a model in the Yeezy Season 3 fashion line by Kanye West which is located at Madison Square Garden.

About a month after that modeling debut, Lil Yachty launched his first debut mixtape called “Lil Boat”.

It seems like all of the popularity is begun because of his viral song “One Night”.

Since then, he gained a lot of attention and popularity, of course.

So, in April 2016, Lil Yachty collaborated with a rapper named “DRAM” on a song titled “Broccoli”.

That song surprisingly became a hit. It peaked at number 5 on the Billboard Chart Hot 100.

A famous rapper Chance The Rapper released a mixtape called “Coloring Book” in May 2016.

He featured Lil Yachty as one of the rappers he collaborated with.

Career With Record Deals

lil yachty songs


In the mid of 2016, Lil Yachty signed a joint venture record deal with Quality Control Music, Motown Records, and Capitol Records.

Shortly after the signing, Lil Yachty launched his second Mixtape called “Summer Songs 2”.

In December 2016, he got featured in some more singles from fellow rappers.

Then in 2017, He continued to get stronger in the music industry by releasing his debut studio album “Teenage Emotions”.

That album featured some appearances from Diplo, Stefflon Don, YG, Migos, and more.

Yachty released all of the promotional singles of that album a few weeks before releasing the album itself.

On February 2018, Lil Yachty announced the release of his next album “Lil Boat” on March 9, 2018.

Lil Yachty considered his style as “Bubblegum Trap” which he also described as “Mumble Rap”.

Some of his songs have sampled sounds ranging from “Rugrats” theme, Charlie Brown, Mario Bros, and A GameCube console startup sound.

A popular music magazine, Rolling Stone described Lil Yachty music as “Catchy, intentionally stinky-sounding tunes which are packed with off-color boasts that are delivered in a proudly amateurish singsong”.

Lil Yachty’s Award Nominations

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Even though Lil Yachty never won an award, he got in the nomination a lot of massive awards, such as:

  • 2017’s Billboard Music Awards, Nominated as Top Rap Collaboration, Top Rap Streaming Song, and Top Rap Song, for his song “Broccoli”.
  • 2017’s MTV Music Awards, Nominated as Best Hip Hop Video and Best Collaboration for “Broccoli” song. For “iSpy” song, he was nominated for Best Visual Effects.
  • 2017’s Grammy Awards, Nominated as Best Rap/Sung Collaboration for “Broccoli”
  • 2017’s iHeartRadio Much Music Video Awards, Nominated as the Best New International Artist.

Achieving the Net Worth of $3 Million

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During the time after he launched his first album, Lil Yachty managed to get endorsement deals for a good amount of money.

He also has a commanding price everytime he’s doing a concert.

People might be asking, how come a new celebrity can accumulate a lot of money for just two years full.

Well, it might be more complicated than that.

As of right now, Lil Yachty’s command fee for a single concert he performs is $100,000.

He doesn’t have any problem getting his schedule full.

Well, that’s quite enough to prove that a man like Yachty can add up very quickly to fill up his net worth.

The money doesn’t only come from music or concert.

Lil Yachty also has some endorsement deals with big brands like Sprite and Target.

He was paid for his spot in the commercial video. Every time the commercial appeared on TV, they pay to Yachty.

Well, if you accumulate and average all of his earnings, he roughly makes about $60,00 per day whether he’s doing a concert or not.

That’s a fantastic amount of money for a teenage rapper.

How about his house and cars collection? Well, Lil Yachty decided not to show his house to the public.

It takes place in New York. So, it’s pretty hard to calculate his house’s worth, but we believed it’s worth a high amount of money.

Yacthy’s Cars Collection

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Yachty owns a few cars which he showed off a lot through his Instagram account.

  • Mercedes G Wagon worth $143,000.
  • Ferrari Testarossa worth $285,000.
  • Ferarri 458 Spider worth $285,000
  • Maybach S600 worth $300,000
  • Bentley Continental GTC worth $277,000
  • Ferrari F12berlinetta worth $323,000
  • BMW I8 worth $140,000
  • BMW E60 525i worth $15,000

Lil Yachty is also very kind to his best friend and girlfriend.

For his best friend birthday, he gave him a luxurious and sporty Corvette car.

Then, for his girlfriend’s 21st birthday, he gave her a New Corvette Grand Sports car.


Lil Yachty began his road to stardom in 2015. Thanks to the creator of a viral comedy video that makes his song “One Night” went viral.

He has been so successful since then. As of today, his net worth is approximately $8 million, and he’s just 20 years old.