Lil Yachty was born in August 1997 in Atlanta, Georgia. Born Miles Parks McCollum, this American rapper, singer, and songwriter rose to fame when he released his singles, One Night and Minnesota, in 2015. “One Night” was featured in a comedy video that went viral. In 2016, he modeled for Kanye West’s Yeezy Season 3 Fashion Line. Later in 2016, he released his first mixtape, Lil Boat. His 2016 collaboration with DRAM, via the song Broccoli, got him a Billboard 100 hit, when it came in at number 5. This landed him a record deal with Quality Control Music, Capitol Records, and Motown Records. In 2017, he got to drop his debut album, Teenage Emotions. Many artists featured in this album, like Diplo, Evander Griim, Grace, Migos, Stefflon Don, and YG.
Before his rise to fame, he lived and grew up in Atlanta. In 2015, he took the big leap, left everything behind to go to New York City to pursue his musical career. He immediately worked on mixtapes and building his Instagram profile.
His net worth is valued at USD 8 million. He earns his money from music sales, stage performances, concert tours, his YouTube channel, and product endorsements. He did Sprite commercials with LeBron James. He also landed endorsement deals with Target, Urban Outfitters, and Nautica. He included in his contract that he should also earn every time his commercials are aired. He also features in songs of artists like Kyle, Tee Grizzley, Chance the Rapper, and Takeoff. He commands a fee of USD 3,500 per verse. He earns USD 100,000 per concert night. His YouTube channel has about 5.8 million subscribers and has gotten over 120 million views. He also has an online store where he sells his own merchandise.
With his earnings, he surely knows where to spend it. Aside from splurging on bling, he loves cars. He added a Dodge Charger in 2018 to his car collection. He already owns a Mercedes G Wagon, a Ferrari F12 Berlinetta, a BMW i8, a BMW 5 series, and a Ferrari 458 Spider. Not bad for a college dropout and former McDonald’s crew member.