What is Yo Gotti’s Net Worth?
|Net Worth||$16 Million|
|Per Song Income||$100 Thousand+|
|Monthly Income||$250 Thousand+|
|Yearly Income||$3 Million|
|Money Factors||Songs, Brand Endorsements|
Yo Gotti is an American rapper, composer, and record executive with a net worth of $16 million. Gotti is the founder of the record label Collective Music Group as a record executive. He is considered one of many hardcore rappers that emerged from hip-hop’s Dirty South School in the late 1990s.
He is known for his major-label debut album release, Life, in 2003 and he went on to release 11 studio albums, 22 mixtapes, and 56 singles (+ 21 as a featured artist), as well as 5 promotional singles.
Yo Gotti Net Worth Over the Years
|Net Worth in 2023||$16 Million|
|Net Worth in 2022||$14 Million|
|Net Worth in 2021||$11 Million|
|Net Worth in 2020||$10 Million|
|Net Worth in 2019||$8 Million|
On May 19, 1981, Mario Mims was born in Memphis, Tennessee. His parents, uncles, and aunts were all hustlers. He grew up in a middle-class family.
He was raised in the notoriously crime-ridden RidgeCrest housing projects. Police invaded their home when Mario was in second grade, and his parents and other family members were jailed. As a result of having to fend for himself, he began thuggin on the streets.
He began rapping at the age of 14 with his crew in Memphis throughout the 1990s. In 1996, he released his first Gangsta style Underground album entitled ‘Youngsta On A Come Up’ as ‘Lil Yo’ on the ‘Crime Lordz Records’ label.
The album quickly became a local hit, establishing Gotti as the leader of a local underground hip-hop group and one of Memphis’ most talented rappers.
Between 2000 and 2006, Gotti released mixtapes such as Da Dope, Game 2 Da Rap Game, Self-Explanatory, Life, and Back 2 Basics, which earned positive reviews but not enough attention.
In 2012, he released his debut album Live From The Kitchen, which featured famous artists such as Rick Ross, Nicki Minaj, Gucci Mane, and others. The album peaked at number 12 on the US Billboard 200 and spawned three top 100 singles, 5 stars, Women Lie Men Lie, and Look in the Mirror.
In 2010, Gotti secured a licensing deal with Epic Records. His first single, Act Right, peaked at number 5 on the Bubbling Under Hot 100 singles chart.
Under the label, he would release four studio albums: I Am, The Art Of Hustle, I Still Am, and Untrapped. Collective Music Group, originally known as Cocaine Muzik Group, is a record label firm formed by Yo Gotti in the year 2000.
Between 2014 and 2017, Gotti released mixtapes under the CMG record label such as The Return, 2 Federal, and Chapter One White Friday (CM 9).
In collaboration with Epic Records and CMG, he published his debut album, The Art Of Hustle which debuted in fourth place on the Billboard 200 charts and first place on the US Top R&B/ Hip-Hop Albums in 2016. Down in the DM’, the debut single, peaked at 13th on the US Billboard Hot 100 list.
Untrapped, Yo Gotti’s tenth studio album, was released in 2020 and achieved his 4th successive top-ten debut on the Billboard 200. Under a new contract with Epic, he released the single, Recession Proof on his label CMG.
Yo Gotti’s 11th album, CM10: Free Game, released in 2021. It is a double-disc album comprising the discs Free and Game.
Throughout his career, he has collaborated with numerous hip-hop artists to produce an upbeat hip-hop sound, including Niki Minaj, Slim Thug, DJ Drama, Nelly, Birdman, and Jim Jones.
Salary and Earnings
- Yo Gotti earns an estimated $500k annually.
- In 2013, he reportedly earned an estimated $163,000 from the sales of his album I Am.
- In 2013, he earned $50,000 for each song’s performance.
- His record Live from the Kitchen earned him an estimated $75,000 in sales.
Yo Gotti collaborated with a footwear brand, Puma in 2017. Gotti has also endorsed Childsplay Clothing, Hood America, PRIVE Restaurant & Lounge, Pure Atlanta, and RockSmith in addition to collaborating with German sportswear company Puma.
Car Collection and Assets
Yo Gotti owns multiple high-end vehicles, including a Rolls-Royce Cullinan that cost approximately $450,000 plus $30,000 for customizing, and a Ferrari F8 that costs roughly $375,000 including $25,000 for customization, and a Lamborghini Urus that cost nearly $260,000 plus $30,000.
He also has a customized Richard Mille watch that he purchased from Avi & Co. for roughly $180,000. This boosted Gotti’s total to almost $1.3 million.
- Rolls-Royce Cullinan
- Ferrari F8
- Lamborghini Urus
Gotti also invests immensely in real estate. He has been buying and selling estates since his music career took off. Gotti recently spent $7.6 million for a Tuscan-style mansion in Westlake Village, Calif built originally in 1999 which features over 10,000 sq ft living space 6 bedrooms, 8 bathrooms, and various other amenities. The home’s backyard features an infinity pool. There is also a tennis court, a playground, and a formal garden.
Interesting Facts About Yo Gotti
- Yo Gotti’s real name is Mario Sentell Giden Mims.
- He was born and raised in a family of hustlers and he has thugged streets at one point.
- Gotti has been a Straight-A math student.
- He began rapping as Lil Yo at the age of 14 and was affiliated with DJ Sound and his group.
- Gotti Loves playing soccer with his son.
- Yo Gotti has created a 14-minute documentary called Born Hustler, which depicts his early life and struggles.
- Gotti became the co-owner of the Major League Soccer team D.C. United in 2021.
- His major influences are Master P and his New Orleans-based No Limit gang, N.W.A., Dr. Dre, and the late Tupac Shakur.
Gotti married Lakeisha Mims and had three children. They later decided to part ways. Following that, he was in a relationship with Jammie Moses, with whom he had three children. They are said to have split up.
Yo Gotti Net Worth
As of 2023, Yo Gotti’s net worth is estimated to be $16 million. Yo Gotti is considered one of the most famous and wealthy rappers in the United States. The majority of his income comes from album sales, merchandise, and performances. Gotti charges around $80,000 for performing a show.
He is working in the music industry for almost 20 years and has released many gold-certified songs, albums, and mixtapes.
Gotti has earned a substantial fortune throughout his music career. His fame as a rapper enabled him to profit vastly from streams, live gigs, and tours. However, his work as CEO of CMG has surpassed his worth and prepared him for life after music.