These days, it can be hard to believe how much money people are capable of making once they become a celebrity. For anyone that manages to hit it big, so to speak, it doesn’t take much time at all to make more money than most people will likely ever see throughout their entire lifetime. Take Lil Yachty for example. This Atlanta, Georgia native who just recently graduated from college makes more money in a single day than most people make all year long. If that’s not enough to get your attention, you should know that he’s only 19 years old.
Born in 1997, he didn’t drop his first album until 2016. He followed that one up with a second album that came out later the same year. Obviously, the message that he was sending out through his music was something a lot of people wanted to hear. During the time since he dropped that first album, he’s managed to grab endorsement deals and he has a commanding price for his concerts. When it’s all said and done his current net worth is in the neighborhood of three million dollars.
You might be asking yourself how anyone can accumulate this much money in less than two full years. It really comes down to a few different things. First and foremost, there’s the money he made from both albums. As far as albums go, they both cost relatively little to produce and he made a small fortune from each one. This got him the recognition that he needed to start selling out concerts right and left. Today, he commands a fee of $100,000 for every concert he performs at and he doesn’t have any trouble whatsoever keeping his schedule full.
Obviously, getting $100,000 for performing a single concert can add up very quickly, but that’s not the only thing he has going for him. His meteoric rise to fame has allowed him to get some lucrative endorsement deals, including both Target and Sprite. On those deals, he was paid for doing the commercial spot in the first place and then he gets paid a certain percentage every time they are aired. Obviously, he understands what it takes to make a lot of money in this business and he has the talent to do it.
If you take everything that he’s currently accumulated and average it out, he makes roughly $60,000 per day whether he performs or not. That’s a staggering amount of money, to say the least. This is especially true when you consider the cold, hard fact that most individuals work 40 hours plus every week and they might not see that much money after an entire year’s worth of their efforts. There is no doubt that he knows how to make music that draws people toward him. In addition, he knows how to negotiate the right business deals so that he makes enough money to be comfortable in life.
Despite the fact that he’s not yet 20 years old and he’s only been active as a celebrity in the music industry for roughly two years, he has enough money that he could actually retire right now if he chose to do so. That’s saying a lot and it’s not something that most people have the opportunity to enjoy. Make no mistake about it, he didn’t just wake up one day as a celebrity. He and virtually everyone else would probably tell you that there really is no such thing as an overnight success. People that were virtually unheard of one day and trending the next are the ones that were grinding it out in local and regional areas for years before they ever did anything on a national level.
Without a doubt, his hard work has definitely paid off. The good news is that even though he could retire right now, he doesn’t seem to have any plans to do so. In fact, he’s very much enjoying having the opportunity to bring his music to larger audiences and to create new music that will eventually go on to a brand new album. At the rate he’s going, there’s no telling what his net worth will be a couple of years from now, especially if he stays on track with his previous accomplishments.