How Tyga Achieved a Net Worth of $2 Million

For those who are unfamiliar, Tyga would be the stage name of Michael Ray Stevenson, who is a rapper of some note. Supposedly, Tyga stands for Thank You God Always, but it is important to note that it is a backronym rather than a standard acronym. Those who are curious should know that Tyga is estimated to have a current net worth of $2 million by CelebrityNetWorth.com, though as ever, such estimates are bound to be imperfect because of incomplete information.

Net Worth$2 Million
NameMicheal Ray Stevenson
Age29
BornCompton, California
Birth DateNovember 19, 1989
Source of WealthRapper, Singer, Songwriter, Actor, Television Personality
CountryUnited States

How Did Tyga Reach His Current Net Worth?

Tyga was born in Compton, which is of course, in the state of California. There, he was raised until around the age of 11 or 12 before his family moved to Gardena, which is situated next to Compton. Curiously, there is some debate over the exact circumstances of Tyga’s childhood, though there doesn’t seem to be a definitive answer to this particular question. Generally speaking, Tyga has claimed to have come from a low socioeconomic background, but there is a video from a never released TV show in which he claimed to have come from a “well-to-do home” instead. Some people have speculated that the claim might have been satirical in nature, but Tyga has more or less shrugged the matter off when asked about it.

Success From His Music Career

Regardless, Tyga grew up listening to artists such as Eminem, Fabolous, and Lil’ Wayne. Eventually, he became interested in creating his own music. As a result, Tyga’s first mixtape was released in 2007, which proved to be interesting enough to catch the interest of Young Money Entertainment. Meanwhile, his first studio album was released in 2008, which happened to include a song called “Diamond Life” that went on to see use in the sports movie called Fighting as well as a couple of high-profile video games. Since that time, Tyga has continued to release a regular succession of new music, as shown by the fact that his sixth studio album was just released in February of 2018.

With that said, while it seems probable that a significant percentage of his net worth comes from his music as well as music-related activities, it is important to note that Tyga is involved in other activities as well. This is perhaps unsurprising considering his personal relationship with Kylie Jenner, but what is interesting is that he has appeared in a total of five movies so far, which range from Barbershop: The Next Cut to Once Upon a Time in Venice. Moreover, Tyga is set to appear in an upcoming TV show called Scream, which is intended to be an anthology series based on the slasher movie series of the same name.

Legal Issues

Finally, it is worth mentioning some of the legal issues that have come up for Tyga, which might explain why CelebrityNetWorth.com estimated his current net worth to be $2 million. For example, he was sued in 2013 by a jeweler in Beverly Hills, who was hoping to get compensation for around $91,000’s worth of jewelry. In part, this was because of a diamond watch that hadn’t been paid for. However, there was also a diamond link chain that had been borrowed but never returned. As a result, the jeweler was seeking around $200,000 in damages, though in the end, Tyga paid $100,000 out of that $200,000. Likewise, there was an incident in 2015 when a judge ordered Tyga to pay $80,000 to a landlord who had rented him a home in Calabassa as well as another incident in 2015 when the Californian government actually put a lien on him because of $19,000 in unpaid taxes.

Summary

Summed up, Tyga remains a prolific musician as well as someone who is very much active in other parts of the entertainment industry. As a result, it seems safe to say that he will continue to make money for the foreseeable future. However, the $2 million estimate for his current net worth doesn’t seem unreasonable considering some of the legal issues that he has run into. Due to this, it will be interesting to see how his net worth continues to change as time passes, since it seems that there are reasons that it could go up as well as reasons that it might pull off a more lackluster performance.


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