Lil Yachty Net Worth: Career & Lifestyle

The American rapper from Atlanta, Georgia Miles Parks McCollum, known professionally as Lil Yachty, net worth is $8 million as of 2022.

Miles first gained recognition in 2015 for his singles “One Night” and “Minnesota” from his debut EP Summer Songs.

Similarly, in March 2016, he released his first mixtape Lil Boat.

His unusual and colorful hairstyle and sparkling personality have made him super popular among youngsters.

Lil Yachty announced his joint venture record deal with Quality Control Music, Motown Records, and Capitol Records in June 2016.

His style has been termed as a “Bubblegum Trap.”

Yachty has released four studio albums so far, beginning with Teenage Emotions in 2017.

Lil Yachty
Lil Yachty

Following his first album, he released his second and third studio album in 2018 entitled Lil Boat 2 and Nuthin’2 Prove, respectively.

Similarly, his most recent album entitled Lil Boat 3 was released on May 29th, 2020.

With all the four albums on top 20 of the Billboard, his second album Lil Boat 2, ranked at number 2 on the Billboard.

Lil Yachty also has released several mixtapes and EPs throughout his career.

He is probably known for his optimistic image his he also has featured on multi-platinum songs, including “ISpy” and “Broccoli.”

Following his successful feature on the song “Broccoli,” he was nominated for a Grammy Award.

Early Life

Lil Yachty, originally Miles Parks McCollum, was born on August 23rd, 1997, in Mableton, Georgia, United States.

Miles went to Alabama State University in fall 2015 but dropped out to pursue his musical career.

He moved from his hometown Atlanta to New York to launch his career and also adopted the name “Yachty.”

Lil Yachty Early Days
Lil Yachty Early Days

He used to work at McDonald’s to support his income early in his career.

He lived with a friend and networked with online street fashion personalities. During his early days while he built up his own Instagram following.

Quick Facts

Birth Name Miles Parks McCollum
Known As Lil Yachty
Nick Name Nautica Boat Boy, Lil Boat, and King Boat
Birth Date August 23, 1997
Place of Birth Mableton, Georgia, United States
Current Residence Atlanta, Georgia
Age 25  Years Old
Nationality African-American
Ethnicity Mixed
Religion Christianity
Gender Male
Horoscope Virgo
Father’ Name Shannon McCollum
Mother’s Name Lily McCollum
Siblings Nina McCollum
Marital status Unmarried
Sexual Orientation Straight
Weight 70 kg
Height 5 feet 9 inches
Hair Color Black
Eye Color Dark Brown
Education Alabama State University
Profession Rapper, Singer
Record Label Quality Control Music, The 740 Project, Motown, Capitol Records, Capitol Music Group
Debut Album Lil Boat
Genre Hip hop, Trap Pop-rap, Mumble rap
Social media InstagramTwitter, YouTube
Net worth $8 Million
Last Update October, 2022

 Net Worth and Income

The American rapper and singer Lil Yachty has a net worth of $8 million as of 2022.

Music being the primary source of income to the rapper, he is also engaged in several brand endorsements.

Likewise, Lil Yachty is also a social media and earns healthy.

He has over 10.3 million followers on Instagram, from where he makes a pretty good deal of money from sponsored posts.

Similarly, his tours, concerts, and album sales make a huge contribution to his fortune.

Reportedly, Yachty made over $397,000 in 2020.

Lil Yachty Live Performance
Lil Yachty Live Performance

Apart from that, Lil Yachty also earns from digital music streaming platforms such as Spotify, Apple Music, and Tidal.

He has over 9.6 million monthly listeners on Spotify.

Similarly, Yachty also earns from YouTube, where he has over 2.62 million subscribers.

In 2019 Yacthy made over $456,000. Likewise, in 2018 he earned over $987,000.

Lets’ check out his earnings for the year 2021.

Month Earnings
January 2021 $28.5K -$37.7K
February 2021 $35.8K -$47.3K
March 2021 $38.3K -$50.6K
April 2021 $42K -$55.5K
May 2021 $31.3K -$41.4K
June 2021 $32.5K -$42.9K
July 2021 $37.5K -$49.5K

Lil Yachty Net Worth Lil Yachty in Different Currencies

Take a peek at Lil Yachty’s net worth in several currencies as of October, 2022.

Currency Net Worth
Euro € 6,702,360
Pound Sterling £ 5,764,312
Australian Dollar A$10,544,320
Canadian Dollar C$9,835,600
Indian Rupee ₹593,764,000
BitCoin ฿242.69

Houses, Cars, Watches, Jewelry, and Sneakers

Sneakers

Rappers are known for their flashy and designer kicks, and Lil Yachty is no exception.

Lil Yachty owns three pairs of same-color sneakers. His collection includes Black Nike Air Jordan III sneakers from 2001, which costs about $200.

Similarly, his other kicks include red Sam Bootleg 80’s, which costs around a whopping $1,000.

Likewise, other pairs in his collection include OG sneakers with a price tag of $79, red Virgil Abloh Airboats sneaker, Green Margiela, Black Presto, and White Blazer Aqua Air Max.

Watches

Just like any other stereotypical rapper, Lil Yachty also has a flashy and luxurious timepiece from a renowned brand.

He has a couple of Rolexes, with the solid gold Yacht-Master being the priciest with a total value of $40,000.

He also has Rolex Gold Date, which is among his favorites, and purchased it for each team member as a symbol of gratitude for their efforts. This Rolex is worth about $25,000.

Similarly, Yachty has Rolex Sky-Dweller with a blue face and a big bezel. He and fellow rapper Offset got the same Rolex Dweller.

Likewise, he also has another custom Rolex with a value of $20,000, which he considers cheap, and also a Rolex Presidential, which is worth more than $35,000.

Apart from Rolex, Yachty also has a customized Patek Philippe in his collection, which he is really proud of.

His Rose Gold Patek Philippe with the blue face is worth about $70,000. Rose Gold Patek does not come with the blue face, but Yachty had it customized.

Furthermore, Yachty also has a Special Edition Audemars Piguet, which is worth more than $85,000. This is Yatchy’s most prized possession in terms of watches.

Jewelry

Lil Yachty has an insane collection of designer jewelry and has never made appearances without one.

The first piece of jewelry he ever got was a gift from the CEO of a record label, a little boat with 3D print. However, his designer Jon Guven redid the piece with super detail, keeping the original essence.

He purchased the boat with the Cuban Link chain for $60,000.

This was also the first chain he paid with his own money.

Another masterpiece in his collection is his self-portrait chain which he bought for $50,000.

Likewise, he also has a Boat Simpson pendant. He copied the piece Bart Simpson Gucci Mane had and named it after himself.

It cost him a whopping $100,000.

Moreover, another impressive piece he has is his rainbow necklace which he purchased for $25,000.

Also, he has rosary beads which cost him more than $50,000.

Lil Yachty Jewelry
Lil Yachty Jewelry

It’s funny how he creates his own self on his jewelry. He got another piece called Yachty Christ with gold teeth, red hair with diamond beads, and print on the backside which reads “They Hate Me, but They Hated Jesus.” This piece cost him $25,000.

Additionally, Yachty has an S Pendant, which is his management. The chain which holds the pendant alone cost him $55,000.

Other Jewelry in his collection includes an Icebox chain worth $140,000, 90 pointer chains worth $90,000, another two diamond chains worth $15,000 apiece, slightly longer diamond chain worth $20,000.

Another of his Cuban Link chain, which weighs about 2 kilos, is worth $150,000.

Apart from these, he has several grills, which he is really proud of.

Cars

Just like his impressive multi-million dollars jewelry collection Lil Yachty has a massive automobile collection. In his garage, he has brands such as Rolls Royce, Bentley, Ferrari, and whatnot.

Let’s get them all.

Rolls Royce Cullinan Black Badge

Another beast of a car in his collection is his ultra-luxurious rolls Royce Cullinan Black Edition.

What makes it stand out from normal Cullinan is its color and additional luxurious features.

Black Badge is essentially a trim level that adds a darker color tone and trims to the outside and additional features on the inside.

The only SUV from the luxury brand comes with a sticker price of $442,600, which can go up to half a million.

The Black Badge uses a 6.7-liter V12 engine which pumps 563 horsepower and 627 pound-feet of torque.

It is a lot quicker than you think. The SUV has a surprising top speed of 155 miles an hour and can accelerate from rest to 60 miles an hour in 4.8 seconds.

Lamborghini Urus

Another superb SUV from an Italian auto manufacturer is Lamborghini Urus.

It cost Yachty about $218,000. His red Urus has a 4.0-liter twin-turbocharged V8 engine that generated 650 brake horsepower and 850-pound feet of torque.

It has a top speed of 190 miles an hour and can go from rest to 60 miles per hour in just 3.1 seconds.

It’s been said that Urus is the first SUV in the world to merge the soul of a hypercar with the functionality of an SUV.

Bentley Bentegya

This was the first-ever SUV he got for himself.

The green beast from Bentley comes with a 6.0 liter twin-turbo W12 engine that generates 600 brake horsepower and 663-pound feet of torque.

Similarly, it has an eight-speed automatic transmission.

It has a top speed of 190 miles per hour and can go from 0-60 miles an hour in 3.8 seconds.

Ferrari

This Italian beast costs about $300,000. Yachty has this Ferrari 488 Spider in red color.

It comes with a 3.9-liter twin-turbocharged V8 engine that generates 661 brake horsepower at 8,000 RPM and 561-pound feet of torque at 3,000 RPM.

Likewise, it has a high speed of 205 miles per hour and can go from rest to 60 miles per hour in just 3 seconds.

However, this is not the only Italian horse Yachty has. He also owns an all-white Ferrari F8 Tributo. This costs about $280,000.

Lil Yachty's White Ferrari
Lil Yachty’s White Ferrari

Under the hood is a 3.9 Liter twin-turbocharged V8 beast of an engine that generates 710 brake horsepower and 586 pound-feet of torque.

All trims of this one come with a rear-wheel-drive system and seven-speed automatic transmission.

The car is stunningly fast and boasts a successful engine throughout the Ferrari lineup.

It has a top speed of 211 miles an hour and can accelerate from rest to 60 miles an hour in 2.9 seconds and 0-100 in 5.8 seconds.

Mercedes

Lil Yachty owns not one but two luxurious beasts from a German auto manufacturer.

First, we have a fully customized Mercedes-Benz G63 AMG. His G63 is in sky blue color and has installed custom Forgiato blur rims that suit the SUV’s essence.

Mercedes G63 is a top-of-a-line SUV from the Mercedes that comes with a handcrafted AMG 4.0 liter V8 Biturbo engine.

Similarly, it generates 755 brake horsepower at 6,000 ROM ad 627-pound feet of torque at 3,500 RPM.

The SUV comes with a leather interior with heated and cooled seats and state of the art infotainment system.

Similarly, it can reach the top speed of 152 miles per hour and go from 0-60 in just 3.9 seconds, which is considered fast for an SUV size this big.

Furthermore, Lil Yachty also has Mercedes-Benz Maybach. He came live in his social media account when he purchased this car.

The car is an all-white exterior with a brown leather interior. He purchased this car for $250,000 in cash. He even stated that this was his 5th purchase in terms of automobiles.

Houses

Given his enormous wealth, Lil Yachty has several real estate.

In fact, he recently purchased his second home. It was the home next door because he can!!!

According to Lil Yachty, the man himself does not like to have neighbors.

Yachty’s mansion has ten rooms where he lives with nine friends.

It includes all the luxurious amenities one could ask for.

There’s also a billiard room, surround sound system throughout, and of course, a wet bar.

Apart from that, there are interior waterfalls and an indoor/outdoor heated pool with a spa. Also, the 1200 square feet pool area has a waterfall and a fireplace.

The houses are located in Atlanta, Georgia. The house is worth $4.8 million.

Apart from this, Yachty also owns another house at Lake Spivey, Georgia.

Reportedly he purchased this one for his lovely mother, and it is worth about $200,000.

Lifestyle

Lil Yachty is super-rich for his age as well as even for older ones.

He is living an extravagant lifestyle with his multi-million dollars mansions, jewelry, and cars.

He is a huge sneakerhead and has more pairs than he could count.

Just like his sneakers collection, his jewelry collection is also massive and is worth multi-million dollars.

Lil Yachty loves his grills and has never made an appearance without one in his teeth.

According to him, when he grows old, he will make a permanent grill as a teeth.

His grill comes with six pieces because he loves a bright smile, apparently.

In terms of sunglasses, he goes for Louis Vuitton, which is extremely expensive.

One of his sunglasses is from the NEGO Virgil collection, which makes it super rare.

Essentials
Lil Yachty’s Essentials

Apart from Louis Vuitton, he also has a collection from Chanel and Prada.

Lil Yachty intakes Vitamin E tablets every day because he does not eats fruits, vegetables, and the tablets provide him the all the necessary nutrients.

He does so because his doctor told him to eat foods rich in Vitamin E.

Yachty drinks Just Water water. The company is owned by actors Will Smith and Jada Pinkett Smith.

He even mentioned that if he opens his fridge, there’s nothing except Just Water.

He drinks a lot of water because his skin gets really dry, and he just cannot live without Juts Water, apparently.

Furthermore, Lil Yachty loves Girl Scout Cookie with mint and always carries around one in his bag pack.

Also in his bag pack is his Beats headphones for some obvious reasons.

Lil Yachty also loves to eat Pizza.

Charity

Lil Yachty has several donations and has given back to the less fortunate, which is always a good idea.

Reportedly Yachty donated brand new sneakers to the victims of Hurricane Maria in Puerto Rico. He collaborated with Foot Locker to give out the sneaker to the kids in need.

He also works as an advisor for the Food and Drug Administration and Tobin Hood Foundation.

Similarly, he supports causes such as Anti-Tobacco, Fashion, Health, and Poverty.

Music, Investments, Investments, and Books

Music

Lil Yachty has released numerous mixtapes, featured on several songs, and guest appeared in music videos.

Yachty’s four studio albums are Teenage Emotions, released on May 26th, 2017; Lil Boat 2, released on March 9th, 2018; Nuthin’ 2 Prove, released on October 19th, 2018; and lastly, Lil Boat 3, released on May 29th, 2020.

Similarly, some of his collaborative efforts have really paid off. His song “Broccoli,” featuring DRAM, was released in April 2016 which was ranked number 5 on the Billboard Hot 100.

He announced his record deal with Capitol Records, Quality Control Music, and Motown Records on June 10th, 2016.

Likewise, his work with Gucci Mane’s “Bentley Couple” was much appreciated by the fans.

Apart from music, Yachty has also worked on soundtracks in movies such as XXX: Return of Zander Cage and, interestingly, also in The Fate of the Furious.

Furthermore, he made a cameo appearance in the 2019 Long Shot and voiced over on animated film Teen Titans GO! To the Movies.

Similarly, his upcoming projects include The System, which is still in post-production, and the television series Public Figure, which has been announced.

Investments

Reportedly, Yachty has invested in a Jewish dating app. Yachty has invested about $1 million along with fellow rapper Bhad Bhabie.

He has also dipped his feet in fashion and has launched his unique nail polish line called Crete.

The nail polish line goal is to help guys feel more comfortable on that part, breaking the barriers of gender.

Likewise, Yachy is also up to date on cryptocurrencies and their investments. He is really interested in investing a large chunk of his fortune in cryptocurrency.

Endorsements

Lil Yachty has been able to capitalize on his fame and fortune to make his lifestyle lavish and earn a fortune.

Yachty has appeared in commercials of Sprite along with NBA superstar LeBron James.

Likewise, he was also seen on the commercial for Urban Outfitters.

Apart from that, he has been modeling for the Yeezy fashion line, which is a brand of one of the most creative rappers in the industry Kanye West. Yeezy is worth multi-billion dollars.

Reportedly, Yachty’s deal with Yeezy is worth $13 million.

Career

Lil Yachty’s breakthrough came when he gained overnight popularity after his song “One Night” was used in a viral video.

The viral video was funny, yet it gained him popularity. In the crowd of people who found it funny were some people who wanted more of that.

The video has hundreds of millions of views on YouTube to this day.

 Most Recent
Lil Yachty Most Recent

Apart from that, it’s not always been easy for the rapper. He has been involved in legal issues a couple of times.

He was involved in a credit card fraud scheme in Florida in 2015.

Similarly, police arrested him in Palm Beach with another man, and bail was set at $11,000.

Unknown Facts About Lil Yachty

  • Lil Yachty thinks Notorious BIG is overrated.
  • Yachty grew up listening to Coldplay and is a huge fan to date.
  • He loves sweet things to eat and does not smoke or sip a drink.
  • He’s had some rough times. Yachty has even slept on the streets of New York City.

FAQs

What is Lil Yachty’s hairstyle called?

Well, there’s no specific name for the hairstyle, but he looks good on his Red Braids.

Who is Lil Yachty dating?

Reportedly, he is currently dating model Selangie.

Why did Lil Yachty stop dying his hair red?

According to an interview, he wanted to keep red hair, but it kept falling out.

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