How Is The Net Worth Of Yo Gotti $16 Million?

October 12, 2021

Have you ever wondered what the net worth of Yo Gotti is? Well, the Tennesse rapper songwriter and record executive has been in the rap industry for over 20 years and has made a fortune. Yo Gotti, as of 2021, has a net worth of $16 million. This post will guide you on his journey to success. 

Early Life 

Yo Gotti, formerly known as Mario Mims, was born May 19th, 1981, in Memphis, Tennessee. He was raised in Ridge Crest Housing Projects, which was crime-ridden and one of the most dangerous neighborhoods in Memphis.

His family was hustlers involved in the streets, and when he was in the second grade, his parents, uncle, and aunt were all arrested. Luckily, Gotti was able to find solace in music and started rapping when he was 14.

Gotti was inspired by Master P and Dr.Dre and hoped to reach their status within the rap industry. Using their influence under the name Lil Yo he would start rapping alongside Dj Sound and his crew.

 In 1996 he released his first tape Youngsta on a Come Up. The record was a local hit, and Gotti became known in the underground rap scene in Memphis. This would be the start of a successful 20 plus year career. 

Career

Source: CNN

Gotti would feed off the buzz he created and release several independent mixtapes from 2000-2006: From Da Dope, Game 2 Da Rap Game, Self- Explanatory, Life and Back 2 Basics. All of these mixtapes received positive reviews but didn’t garner enough attention to make Gotti a household name. 

In 2012 he released his debut album Live From The Kitchen featuring notable artists Rick Ross, Nicki Minaj, Gucci Mane, and others. The album debuted at number 12 on the US Billboard 200 and produced three top 100 singles, 5 star, Women Lie Men Lie, and Look in the Mirror.

The following year he would sign a distribution deal with Epic Records and release his first single, Act Right, under the new label. The single featured Young Jeezy and peaked at Number 5 on Bubbling Under Hot 100 singles.

Gotti would release four studio albums under Epic Records, I am, The Art Of Hustle, I Still Am, and Untrapped. All producing multiple hit records, the biggest being Rake it up featuring Nicki Minaj in 2016. This song was his highest-charting song as an artist peaking at number 8 on the Billboard Hot 100.

Gotti’s longevity in the rap game has led to him being well respected by his peers. He was able to use his platform to assist youngers artists and create his record label.

Collective Music Group

In 2012, Gotti founded Collective Music Group, also known as CMG. The label currently works with the likes of Gucci Mane, Blac Youngsta, 42 Dugg, MoneyBagg Yo, and many more. 

In the summer of 2021, the music label signed a deal with Interscope Records. The label has a roster filled with young talent brilliantly picked by Gotti. He has evolved into a savvy business executive with a strong understanding of rap culture and adapts appropriately to new waves.

Yo Gotti Net Worth 2021

As of 2021, Yo Gotti has a net worth of $16 million. His success as a rapper allowed him to profit tremendously from streams, live shows, and tours. However, his role as a CEO of CMG has transcended his worth and has set him up for life after music. The label will continue to grow over time, and as a result, Gotti’s money will keep growing.

Key Takeaways

  • Be the one to change your family’s legacy– Gotti was born into an unfortunate situation, and many of his family members were involved in crime. Yet, he overcame and became the one to set his family up for generational wealth. Legacy is important, and what you are doing now plays a massive role in how you will be remembered. Please take advantage of it and work your hardest to achieve your goals.
  • Use your experience to help others: Gotti is a seasoned vet in the rap game and has learned a lot on his journey. He was able to share his knowledge and resources with the younger rappers on his label. Which lead to their success as well as benefited him financially,

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