Miles Parks McCollum, known professionally as Lil Yachty, is an American rapper from Atlanta, Georgia, born on August 23, 1997. He gained fame in August 2015 with his viral hit “One Night” from his debut EP Summer Songs.
Lil Yachty has released six studio albums, starting with Teenage Emotions in 2017, and his fifth album, Let’s Start Here (2023), explored psychedelic rock. Notable for his features on the multi-platinum tracks “Broccoli” and “ISpy,” he was nominated for a Grammy Award for “Broccoli.”
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Table of Contents
Lil Yachty Net Worth
Lil Yachty has a net worth of $8 million. In 2022 and 2023, he was named in the SafeMoon lawsuit and SEC lawsuit alongside other celebrities for allegedly misleading investors in cryptocurrency actions.
He settled the charges for over $400,000, without admitting or denying the claims of violating investor protection laws by failing to disclose that he was a paid sponsor.
Early life
Miles Parks McCollum, born in Mableton, Georgia, attended Alabama State University in fall 2015 but dropped out to pursue his music career. He adopted the name “Yachty” and moved from Atlanta to New York City to kickstart his career.
While in New York, he lived with a friend and connected with online street fashion influencers, growing his Instagram following. To support himself in the early days, Lil Yachty worked at McDonald’s while he focused on developing his music.
Career
Lil Yachty gained significant fame when his song “One Night” was featured in a viral video, amassing over 126 million views on YouTube. In 2016, he became a model for Kanye West’s Yeezy fashion line and released his mixtape Lil Boat, which included “One Night.”
He collaborated with artists like DRAM on “Broccoli,” reaching number five on the Billboard Hot 100. His first studio album, Teenage Emotions, debuted at number five in 2017. In 2023, he released his fifth album, Let’s Start Here, exploring psychedelic rock influences.
Personal life
Lil Yachty expressed his support for Bernie Sanders during the 2016 presidential election, praising Sanders for his contributions to the civil rights movement. On October 20, 2021, Yachty announced the birth of his first child, a daughter, although he did not disclose the identity of the child’s mother.
On December 20, 2018, he signed with FaZe Clan and participated in competitive Fortnite tournaments, showcasing his involvement in the gaming community.
Did Lil Yachty produce for Drake?
Lil Yachty contributed to Drake’s album For All The Dogs, providing a verse on “Another Late Night” and earning multiple production credits. He also produced “Amen,” featuring Teezo Touchdown. Additionally, NBA player Kevin Durant is credited with A&R for the album.
Conclusion
Lil Yachty’s journey from a viral internet sensation to a versatile artist reflects a story of ambition, creativity, and evolving success. His ventures into different musical genres and roles outside music underline his dynamic presence in the entertainment industry.
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FAQs about Lil Yachty Net Worth
- How did Lil Yachty accumulate his net worth? Yachty’s net worth comes primarily from his music sales, touring, features, and his work in fashion and modeling.
- Has Lil Yachty’s net worth been affected by his music style changes? While his shift to different music styles like psychedelic rock was a risk, it seems to have paid off, both critically and financially.
- What are some of Yachty’s biggest financial successes? Besides album sales, his collaborations on tracks like “Broccoli” and “ISpy,” and his modeling for Yeezy are notable financial highlights.
- How does Lil Yachty spend his wealth? Yachty is known for spending on luxury items, real estate, and supporting his lavish lifestyle, though he also invests in his musical projects and philanthropy.
- Will Lil Yachty’s net worth continue to grow? Given his ongoing musical projects, brand endorsements, and innovative career choices, it’s likely that Yachty’s net worth will continue to increase.
