Lil Yachty Net Worth

Lil Yachty is an American rapper and composer who has a net worth of $8 million. Yachty is the youngest member of the Hip-Hop Cash Kings and self-describes as a bubblegum rap rapper. His most well-known song “1 Night” peaked at #34 on the Billboard Hot 100 chart.

He is known for coining the term “bubblegum trap” to describe his music style that combines feel-good optimism, druggy weirdness, and crazy ATLian flare. He released 31 singles, 4 studio albums which include 18 singles as a featured artist), 10 EPs, 3 mixtapes, 1 collaborative mixtape, 10 music videos, and 13 guest appearances.

Along with his features on the 2016 multi-platinum tracks Broccoli by DRAM and ISpy by Kyle, Lil Yachty is renowned for his distinctive hairstyle and upbeat personality.

Lil Yachty Net Worth (2024)

Net Worth$8 Million
Age27 Years Old
CountryUnited States of America
Born23 August 1997
Salary$3 Million Per Year
Last Updated2024

Lil Yachty‘s Net Worth Growth

Net Worth in 2024$8 Million
Net Worth in 2023$6 Million
Net Worth in 2022$4 Million
Net Worth in 2021$2 Million
Net Worth in 2020$1 Million

Early Life

Miles Parks McCollum Aka Lil Yachty was born on August 23, 1997, in Mableton, Georgia. His father Shannon McCollum is a well-known professional photographer. Kodie Shane is Yachty’s younger sister.

He enrolled at Alabama State University in the fall of 2015 but left shortly after to focus on his musical career. He moved from Atlanta to New York City under the nickname “Yachty” in order to begin his career.

He lived with his friend in New York While creating his own Instagram following and networking with other online street fashion influencers as well as working at McDonald’s to supplement his early-career income.


Lil’s professional career started when he collaborated with producer and beatmaker Burberry Perry, who would subsequently become his collaborator K$upreme. The three, known as “The Saling Team,” produced music at his bedroom studio.

The first time Lil Yachty achieved success was when Drake’s OVO Sound Radio played his single, Minnesota. When a popular meme video featured the SoundCloud version of his song, One Night, it brought him to the attention of the media.

He uploaded the online music video for his song One Night and it quickly became popular. In 2016, Lil Boat, his first mixtape, was released. Broccoli, a popular song that peaked at #5 on the Billboard Hot 100, was co-written by him and D.R.A.M.

The same year, he dropped his second mixtape, Summer Songs 2. In the 2017 song From the D to the A by Tee Grizzley, he was a featured artist. Lil Boat 2, his 2nd studio album, was released in 2018 and debuted at #2 on the US Billboard 200.

The album’s songs include Self Made, Boom!, and Oops. As of 2022, Lil Yachty’s net worth is roughly estimated at $8 million. In 2019, Lil Yachty released a few unexpected singles.

With Oprah’s Bank Account, Lil Yachty made his third appearance on the Hot 100 as a lead artist in 2020. He released Lil Boat 3 after Split/Whole Time was released. He assembled a group of rappers from Flint and Detroit for Michigan Boy Boat in 2021.

lil Yachty Net Worth and Salary
lil Yachty Net Worth and Salary

Other Endeavors

Lil Yachty made an appearance as a model in Kanye West’s Yeezy season 3 fashion show. Numerous men’s publications have featured him on their covers. As an actor, he has appeared in the 2018 film Life-Size 2: A Christmas Eve, Long Shot.

He also appeared in How High 2 in 2019 and in a 2021 documentary, A Man Named Scott. He has also voiced in Teen Titans Go! To the Movies. Yachty has his own website on which he also offers his own merchandise.

In addition to this, the website offers glimpses into his personal life and news on Yachty’s upcoming shows, concerts, and tours. In 2018, Yachty signed FaZe Clan and also took part in competitive Fortnite tournaments.

House and Car Collection

Lil Yachty resides in an opulent 9-bedroom suburban estate in Atlanta that is valued at over $800,000. Yachty is an automobile enthusiast and owns several luxurious cars including:

  • Rolls Royce Cullinan Black Badge – $442,600
  • Mercedes Benz G63 – $148,495
  • Mercedes Benz Maybach – $250,000
  • Ferrari 488 Spider – $300,000
  • Lamborghini Urus – $218,000
  • Dodge Challenger SRT Demon – $84,995
  • Ferrari F8 Tributo – $280,000
  • Ferrari V6 – $200,000
  • Bentley Bentegya – $219,430

Sneaker Collection

Lil Yachty has a fascination for collecting sneakers. He has a pair of $200 Nike Air Jordan iii sneakers and a $1000 Sam Bootleg ’80s. In addition, he owns the $79 Originals, Pristine, Virgil Abloh Airboats, Margiela, Presto, and Aqua Air Max blazer.

Jewelry Collection

Yachty is particularly fascinated by jewellery and has a lot of diamond and gold bracelets that range in price from $1,095 to $10,844. In addition, he possesses several diamond rings.

Each of which costs $5,389.00. A diamond grill from AB Jewelers, which cost a significant sum of money probably $50,000, and numerous gold necklaces, each of which cost him over $1,000.

Lil Yachty‘s Biography

Real NameMiles Parks McCollum
Nick NameLil Yachty
Age27 Years Old
HeightIn Feet –  5 Feet 11 Inches
In Meters – 1.8 m
In Centimeters – 180 cm
WeightIn Kilograms – 73 Kg
In Pounds – 161 lbs
FamilyFather – N/A
Mother – Shannon McCollum
Sisters – N/A
GirlfriendMegan Denise

“Just do what you want to do, and who cares what people think.”

Lil Yachty

Lil Yachty Social Media Profiles

InstagramClick Here
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TwitterClick Here
TikTokClick Here
LinkedInClick Here

Personal Life

Yachty made the announcement of the birth of his first daughter kid in 2021 and the name of her mother is unknown. His rumoured girlfriend is Instagram model Megan Denise and the two started dating in 2017.

He was jailed in 2015 for credit card fraud, but his records were sealed. Yachty was bailed after paying an $11,000 bail bond. Additionally, he declared his support for Bernie Sanders in the 2016 presidential contest.


As of 2024, Lil Yachty’s net worth is estimated to be $8 million. He is one of the greatest rap success stories ever who gained popularity with his track “1 Night”. The majority of Lil Yachty’s earnings come from his music career.

It includes record sales, endorsements, modeling, tours, concerts, and other sources. He reportedly earns $1.36 Million annually. He was charging $35K for each show in 2016 and now $200,000 per show.

He also earns through his YouTube channel, Lil Boat which currently has more than 2.7 million subscribers and more than 967 million views. With over 400,000 daily views on average, he makes about $9.7K.

With more than 100 live performances under his belt, he finally hits the mark. Through his modeling career, he probably earns $132,835 a year. Yachty has stated that he spends about $52,000 on a monthly basis on his usual expenses.

He has earned a reputation for going on expensive shopping binges. He spends money on extravagant, oversized jewelry and enjoys fine dining at the most costly, exclusive restaurants.

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