Lil Yachty Net Worth: Hip Hop Career, Cars & Lifestyle

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Miles Parks McCollum, an American rapper better known by his stage name Lil Yachty net worth is $8 Million as of August, 2023.

Lil Yachty is an American Rapper as well as a musician.

He rose to fame digitally in 2015 with the singles “One Night” and “Minnesota” from his debut EP Summer Songs.

Lil Yachty Posing for Picture(source: Pinterest)

His eccentric hairstyle and lively personality have made him quite popular.

Yachty’s style has been termed as a “Bubblegum Trap.”

Yachty announced a joint venture record deal with Quality Control Music, Capitol Records, and Motown Records on June 10, 2016.

Quick Facts

Before heading on to Lil Yachty’s net worth and income, let’s begin with his private life facts.

Full NameMiles Parks McCollum
Stage NameLil Yachty
Nick NameLil Boat, Nautica Boat Boy, and King Boat
Date of birthAugust 23, 1997
Place of birthMableton, Georgia, United States
ResidencyAtlanta, Georgia
Age26 Years Old
FatherShannon McCollum
MotherLily McCollum
SisterNina McCollum
Marital statusUnmarried
Sexual OrientationStraight
Weight70 kg
Height5 feet 9 inches
Hair ColorBlack
Eye ColorDark Brown
EducationAlabama State University
ProfessionRapper, Singer
Debut AlbumLil Boat
GenreHip hop, Trap Pop-rap, Mumble rap
Social mediaInstagram, Twitter, Youtube
Net worth$8 Million
Last UpdateAugust, 2023

Lil Yachty Net worth and Income

Lil Yachty Net worth

As of August, 2023, Lil Yachty’s net worth is estimated to be $8 million.

Yachty is a rapper, and his primary income is from singing and rapping and endorsement as well.

Similarly, he is also a social media influencer who has millions of fans following.

He also makes a handsome amount through his concerts and shows, and album sales.

In 2017, he was up for a Grammy nomination for best rap song collaboration for his work on Broccoli.

Furthermore, he was nominated for Best New International Artist at the 2017 IHeart Music Video Awards.

In 2017, he was nominated for three Billboard Music Awards: Top Rap Collaboration, Top Rap Song, and Top Streaming Song.

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For iSpy, he was nominated for an MTV Music Award in the category of best video.

Consequently, he was nominated for two MTV Video Music Awards for Broccoli: Best Hip Hop Video and Best Collaboration.

Lil Yachty Net Worth Lil Yachty in Different Currencies

Take a peek at Lil Yachty’s net worth in several currencies, including bitcoin.

CurrencyNet Worth
Euro€ 6,702,360
Pound Sterling£ 5,764,312
Australian DollarA$10,544,320
Canadian DollarC$9,835,600
Indian Rupee₹593,764,000

Lil Yachty House, Cars, Jewelry, Watches


Although some of us struggle to buy and afford one house, Lil Yachty buys multiple Mansions.

The rapper recently purchased a second house.

Lil Yachty owns a ten-room mansion and resides with nine buddies of his.

He bought both residences so he wouldn’t have a neighbor, according to Yachty.

“I didn’t want no neighbors. I already got the contract.”

LIl-Yachty-House-AtlantaLil Yachty House in Atlanta((source: Pinterest)

In one of the lovely and retirement-friendly suburban enclaves of Atlanta, Lil Yachty has dangerously large numbers of Scotte turf builders per person.

It costs $4.8 million on the market.

He owns another gorgeous house at Lake Spivey, Georgia.

LIl-Yachty-Lake-Spivey-HouseLil Yachty Lake Spivey House(Source: Pinterest)

The rapper also purchased his mother a house, and the estimated market cost is around $200,000.


Lil Yachty is also a massive fan of automobiles. He has collections of several fancy cars.


The rapper’s fancy car, a Bentley, costs around $180,000.

Lil-Yachty-with-his-BentleyLil Yachty by Bently with his Bentley(source: Pinterest)

BMW 18

He has another beast  BMW, valued at $148,500.

Mercedes G Wagon

He also has a Mercedes G wagon, which is worth $124,500.

LIl-Yachty-Mercedes-G-WagonLil Yachty Mercedes G Wagon(Source: Pinterest)

Ferrari F12 Berlinetta

Another automobile in his collection is a Ferrari F12 Berlinetta, which is valued at $379,886.

Jewelry collections

Lil Yachty is also well-known for his outrageous appearance.

Most of the time, the rapper is seen flashing his chains and accessories.

Minnesota Rapper revealed that he has a strange passion for collecting jewelry.

Lil-Yachty-Jwelleries-CollectionsJewelry collections of Lil Yachty(source: Pinterest)

In his most recent interview with GQ magazine, he discusses how much each of them costs and the significance of each piece, among other things.

Yachty’s cost of jewelry isn’t hidden – he has a collection worth roughly $1.5 million.

Likewise, he also spent a lot of money on grills with a rainbow of colors.

Lil-Yatchy-Flaunting-his-Rainbow-GrillLil Yachty Flaunting his Rainbow grill(source: Pinterest)

The grills cost thirty thousand dollars to the Minnesota rapper.

Lil Yachty Watches

Yachty has several fancy watches, much like every affluent celeb.

He owns a Rolex gold day date. It is one of his favorites, and he purchased it for each of his team members as a symbol of gratitude for their efforts.


Rolex-Day-DateRolex Day-date owned by Lil Yatchy (source: Pinterest)

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The rapper bought this watch for $25,000.


Giving something back to the less fortunate is always a great idea.

Lil Yachty did just that as part of Foot Locker’s annual Week of Greatness.

He donated brand new sneakers to the victims of Hurricane Maria in Puerto Rico.

He also continues working as a consultant for the Food and Drug Administration and the Robin Hood Foundation.

Lil Yachty Lifestyle and Vacations

Yatchy lives in an Atlanta mansion with his buddies.

He is unmarried and enjoying his single life.

Currently, he is more concerned with his profession than with his relationships.

However, he was previously spotted with Megan Denise in 2017.

Yachty was also arrested for careless driving in September 2015, however, he was released after paying a $1000 bond.

Indeed, the Accident occurred as a consequence of his fondness for racing.

Nautica boat boy frequently travels for his concerts and shows.

Lil Yachty Albums, Investments, Endorsements & Book Publications


Yatchy has several album mixtapes, featured songs, guest appearances as well as music videos.

His four studio albums are as follows:

TitleAlbum Details
Teenage EmotionsReleased on May 26, 2017

Labels: Quality Control, Capitol, Motown

Formats: CD, LP, streaming, digital download, cassette

Lil Boat 2Released: March 9, 2018[10]

Labels: Quality Control, Capitol, Motown

Formats: Streaming, digital download

Nuthin’ 2 ProveReleased: October 19, 2018

Labels: Quality Control, Capitol, Motown

Formats: CD, LP, streaming, digital download

Lil Boat 3Released: May 29, 2020

Labels: Quality Control, Capitol, Motown

Formats: CD, LP, streaming, digital download

Yachty’s debut mixtape Lil Boat was released in March 2016 and released Summer Songs 2, Michigan Boy Boat.

He also has collaborative mixtapes A-Team with Zaytoven, Lil Keed, and Lil Gotit.

Moreover, he also self-released some eps like summer songs, Hey Honey, Big Boat, Lil Boat’s Birthday, The lost files.

Lil Yachty-Michigan-Boy-BoatLil Yachty Michigan Boy Boat (source:

Additionally, some of his best singles are Minnesota, Harley from his album Lil Boat.

Peek A Boo, Bring it Back, Ice Tray is from his album Teenage Dreams.

Yachty and DRAM teamed on the popular song “Broccoli“ in April 2016, which reached number 5 on the Billboard Hot 100.

On June 10, 2016, he announced a record deal with Quality Control Music, Capitol Records, and Motown Records.

In July 2016, Yachty released his second mixtape, Summer Songs 2.

Furthermore, he released his debut mixtape ‘Lil Boat‘ and his songs, “Forever Young,” and “Teenage Emotions.”

He has also worked with another famous rapper Gucci Mane in ”Bently couple”.

Our peek Boo artist has also appeared in movies such as The Fate Furious, xXx: Return of Xander Cage, and Long Shot.

Lil Yachty Investments

Lox Club, a Jewish dating app for people with “ridiculously high standards,” has attracted Bhad Bhabie and Lil Yachty as investors.According to Variety, the two rappers invested $1 million with the help of Adam Kluger, a music agency.

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Lil-Yatchy-NailpolishLil Yachty exhibiting his Nail Polish Crete(source: Instagram profile)

Yachty wants to support break down barriers to nail care, so he launched his unique nail polish line, Crete, to help males feel more comfortable in that arena.

Yachty discusses his interest in stock investing, keeping his books balanced, and finding additional sources of revenue in an interview with Vlad TV.

The rapper revealed that he learned about stocks and cryptocurrencies from someone his mother introduced him to


In his recent rise to stardom in the music industry, Lil Yachty’s marketing skill has been unmatched and unrivaled.

The 23-year-old has built a brand for himself after utilizing Internet trends.

This feeling of ‘know how’ has helped the rapper in being a viral sensation time and time again.

He is also seen in Sprite ads.

Lil-yatchy-Endorsing-spriteLil Yachty endorsing Sprite(Source: Pinterest)

Target and Nautica have all expressed interest in him because of his ability to connect with followers.

Yachty was also seen in ads of Urban Outfitters.

He makes it appear simple at times, but he’s followed a formula that has secured him a slew of possibilities by leveraging his brand.

His Modeling for Kanye West’s Yeezy fashion line, which is worth a billion dollars.

He has disclosed that the sponsorship deals have netted him $13 million in 16 months in a recent interview with Genius.

Lil Yachty Career

Miles McCollum, born in Mableton, moved to New York City to pursue his career.

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

Early in his career, he even supplemented his money by working at McDonald’s.

Yachty rose to fame in December 2015, after the SoundCloud version of his song “One Night” was featured in a viral comedy video.

The hardworking rapper also got a chance to be on the nomination list of various awards.

Facts about Lil Yachty

  • When Yachty was 15 years old, he got his hair dyed his now-signature red.
  • Lil Yachty refuses to use drugs, drink alcohol, or smoke.
  • His name reveals nothing about his outlook toward the sea: he doesn’t like boats.


Why Miles Parks McCollum changed his name to Lil Yachty?

Miles Parks McCollum got the nickname yachty after moving from his hometown of Atlanta to New York City to pursue a career.

What is Lil yachty’s hairstyle called?

Lil Yachty’s hairstyle is called Red Braids, and he is known for his unique personality.

Is  Lil Yachty a University dropout?

Yes, Yachty dropped out of university to pursue a career in music.

Categories: Net Worth
Source: ASIA EDU

Madhuri Shetty
Manoj Gadtaula

Manoj Gadtaula is a young Indian man from Mangalore who is constantly on the lookout for new things and loves to explore. Madhuri has a great passion for helping others and motivating people. She researched the careers, biographies, lifestyles, and net worths of celebrities..

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