Lil Yachty’s Net Worth And Biography. net worth: $15 million

Lil Yachty is a rapper, songwriter, composer, singer, and record producer. His work on “Broccoli” earned him a Grammy nomination.

Lil Yachty illustrated biography

Lil Yachty illustrated biography

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1. Introduction

Miles Parks McCollum is better known as Lil Yachty. He was born on 23rd August 1997.

He got famous on the internet in 2015 with his debut EP Summer Songs tracks “One Night” and “Minnesota”.

In 2016, he put out his first mixtape, which drew a lot of interest from other rappers and producers.

Yachty revealed in June 2016 that he had inked a joint venture record deal with Motown, Capitol Records, and Quality Control Music.

Lil Yachty singing for the crowd

He has four albums to his credit, all of which have placed in the top 20 on the Billboard 200. You can find out more about Lil Yachty’s life, profession, and net worth with the help of this article.

2. Lil Yachty’s Early Life and Career

Miles McCollum was born in the Georgia town of Mableton.

He enrolled at Alabama State University in the autumn of 2015 but dropped out soon after to pursue his musical career.

He changed his identity to “Yachty” and relocated from Atlanta to New York City to begin his career.

He resided with a buddy in New York and networked with online street fashion icons while growing his own Instagram following.

Early in his career, he supplemented his money by working at McDonald’s and was fired for always coming late.

Lil Yachty working in the McDonnalds

He began his interest in songwriting while also growing his Instagram following.

He is known as the “King of the Teens.” One of his first tracks, ‘One Night,’ was considered a major breakthrough for him and helped him earn notice from several rappers and producers.

To make a major success in his musical career, he decided to stay with his friend.

There, he networked with online street fashion stars and acquired a solid fan following on Instagram.

Later, he teamed up with beats maker and producer Burberry Perry. 

They began to collaborate with his other key collaborator, K$upreme, and the trio became known as “The Saling Team.”

Lil Yachty’s fame began after Drake’s OVO Sound Radio played one of his first hits, “Minnesota.”

His big break came when he released his music ‘One Night,’ which he posted online and became viral.

He got the attention of the media and became a major figure in the rapper industry. 

Lil Yachty has appeared in multiple films and even composed music for a few of them.

He establishes a career as an actor, appearing in How High 2 and providing his voice in Sonic The Hedgehog, and The Fate of the Furious, among other films.  

3. Lil Yachty’s Rise to Fame and major achievements:

It is widely known that Lil Yachty has made his way “from obscurity in Atlanta to work with LeBron James and Kanye West”.

lebron james portrait
kanye west portrait

He had dropped out of college and was arrested in a Florida mall because of credit card fraud.

Lil Yachty stated in 2016 that his criminal records had been expunged, presumably considering he was still a teen at the time.

 He made rapping his pastime activity. He said that “I always knew I was going to be something,” he said. “I didn’t know what.”

At the end of a career-making 2016, He seemed more certain. “I’m not a rapper, I’m an artist,” he said. “And I’m more than an artist. I’m a brand.”

In addition to releasing the popular “Lil Boat” and “Summer Songs 2” mixtapes, filled with his taffylike digital wails and cartoon melodies, and reaching No. 5 on the Billboard Hot 100 with his sweet-and-sour guest verse on D.R.A.M.’s “Broccoli.

Lil Yachty has modeled Kanye West’s Yeezy line at Madison Square Garden. The “One Night” YouTube video received over 126 million views as of 2020.

 The best highlights of his career are: One Night (Song, 2016), Broccoli (Song, 2016), Lil Boat (Album, 2016), Forever Young (Song, 2017), Teenage Emotions (Album, 2017), Grammy Awards (Best Rap, 2017) – Nominated, 2 Vaults (Song, 2018), Lil Boat 2 (Album, 2018), Lil Boat 3 (Album, 2020)

In 2017, he was nominated for Grammy Awards for Best Rap/sung collaboration for Broccoli.

In 2022, he was also nominated for Grammy Awards for the Album of the Year for Donda.

Lil Yachty winning grammy  awards

Yachty’s also nominated for Best New International Artist. His “iSpy” was also nominated for MTV Europe Music Awards for Best Video.

Lil Yachty has been involved in a variety of other projects other than rapping and releasing albums.

The most memorable of these was undoubtedly his cameo alongside LeBron James in a Sprite ad.

Lil Yachty has remained active in the fashion and modelling industries during his time with Yeezy.

Lil Yachty rose to prominence as the face of multiple Nautica and Urban Outfitters apparel lines.

He also participated in a Target commercial music video with Carly Rae Jepsen.

Lil Yachty’s income grows as a result of his social media presence.

He has a YouTube channel with 2.72 million subscribers, an Instagram account with 10.3 million followers, a Twitter account with 5.4 million followers, and a Facebook page with 2.6 million followers.

4. Lil Yachty’s Net Worth

Lil Yachty is a millionaire with a net worth of $15 million. He made his fortune in less than seven years; as a rapper, singer-songwriter, and celebrity.

As of April 9th, 2023, Lil Yachty is $8 million net-worth American hip-hop recording artist. Lil Yachty, best known for tracks like “One Night,” signifies a shift in the rap and hip-hop genres towards something entirely new.

As of March 24th, 2023, Lil Yachty’s net worth is $11 million, according to Hip Hop Cash Kings. He is one of the most incredible rap success stories of all time.

Lil Yachty's net wroth, money background

The majority of Lil Yachty’s income comes from his musical profession, which includes endorsement deals, modeling work, tours, concerts, and other endeavors.

He is said to earn $1.36 million a year. Lil Yachty is a real estate mogul. Lil Yachty lives in a ten-room mansion he owns with nine of his friends.

It is known that currently, he has a net worth of $15 million. Because of his rapid rise to fame, he was able to win major endorsement deals with brands.

He made agreements with the brands and paid for making the commercial spot in the first place.

Then he was paid every time it was broadcast. He understands what it takes to thrive in this field and has the talent to do so.

Lil Yachty is a huge vehicle fan, and his collection includes a Bentley, a BMW 18, a Mercedes G Waggon, and a Ferrari F12 Berlinetta. He also enjoys flashy jewelry.

His watch and chain collection are estimated to be worth more than $1.5 million.

Lil Yachty likes houses; he owns a massive estate in Atlanta with every luxury imaginable.

He resides there and has another magnificent home in Lake Spivey which he purchased for his mother.

Lil Yachty has strong business acumen, and he also has his own online store,, where he sells his music and personalized clothes.

5. Lil Yachty’s Personal life:

Miles Parks McCollum, as Lil Yachty, was born in Mableton, Atlanta, Georgia, on August 23, 1997.

He is 5’10” tall and weighs 159 lbs. He was raised by his parents Shannon and Venita McCollum.

His father was a professional photographer. He was a celebrity. He also has a sister named Nina.

Lil Yachty had a difficult school experience. His school experience was not so good.

He was mocked and harassed. He has an American nationality. He is 26 years old.

He claims to eat pizza almost every day because he enjoys it. He adores fashion and has worked as a model and creative director. 

The young Yachty spent much of his childhood listening to Canadian rapper Drake, which had a significant influence on his musical career.

drake portrait

Yachty declared support for Bernie Sanders in the 2016 presidential race in a CNN interview and complimented Sanders for his work throughout the civil rights fight.

There have been several rumors regarding his brief relationships with a number of beautiful women. In 2017, he was dating India Westbrook, while in 2016/17, he was dating Rubi Rose.

Lil Yachty was in a long-term relationship with Instagram model Selangie.

The couple had a kid in 2021, a baby girl, but they did not announce her name.

He announced the birth of his first kid, a girl, on October 20, 2021. The mother of the child’s identity was not revealed. 

6. Conclusion:

Lil Yachty is an American hip-hop recording artist best known for songs like “One Night.” Lil Yachty symbolizes something entirely distinct from the rap and hip-hop genres. Lil Yacht’s big break came as a complete surprise, as he got famous after his song “One Night” which was featured in a viral video.

Lil Yachty colorful portrait

He focuses additional effort on making his tracks upbeat for youngsters. There are three success lessons from Lil Yachty, he says that life goes on, and we should learn to laugh. He also says that we should learn to bounce back from rejection. 

Lil Yachty green and orange portrait