How much is Moneybagg Yo worth?
|Net Worth:||$2 Million
|Date of Birth:||September 22, 1991 (age 31)|
|Country:||United States of America|
|Height:||5 ft 11 in (1.81 m)|
About Moneybagg Yo
Moneybagg Yo is the stage name of Demario Dewayne White Junior. He’s an American rapper, singer, and songwriter who is currently signed to Yo Gotti’s record label Collective Music Group. In addition to that one, he is associated with his own record label named Bread Gang Music Group. For the past decade, the rapper has released three commercially-acclaimed studio albums – Reset, 43va Heartless and Time Served, with the last one even earning gold certification by the RIAA.
The rapper became famous when he began releasing his own music. He was born on September 22, 1991, in South Memphis, Tennessee. Demario grew up in the Walker Homes community and attended the Mitchell High School from which he graduated in 2010. Around that time, he began rapping and developed the stage name “Moneybagg Yo”. The following year, he released his song called “F U Pay Me”, followed by his first studio projects – the mixtapes From the Da Block to Da Booth and October 20th.
Also in 2011, at the age of twenty, he founded his own record label called Bread Gang Music Group. Throughout the early 2010s, he continued to release new music. Among some of his other early music projects are the mixtapes La Familia (which is in collaboration with Slpy), Relentless, Federal, and Federal Reloaded. Eventually, the rapping skills of the hip hop artist impressed Yo Gotti who offered to sign him to his record label – Collective Music Group (CMG) in October 2016.
Apart from his collaborations with Yo Gotti and other artists, Moneybagg Yo became rich from his association with well-known record labels. His first commercially successful collaboration was with Yo Gotti for the mixtape 2 Federal. In 2017, he released several collaborations and appeared as a featured artist in the songs of Gunna, YFN Lucci, Lil Baby, Russian, and Jim Jones to name a few. By the end of the year, he was already earning an estimated $500-800,000 in total from his music.
In November 2018, Moneybagg released his debut studio album called Reset. The album had a positive critical reception and did relatively well on the album charts. Besides entering the US Billboard 200 at number 13, it also landed at number 8 on the US Billboard Top R&B / Hip Hop Albums. He also secured a multimillion dollar recording deal estimated to be worth anywhere with Interscope Records.
The success of the rapper and songwriter comes from his many critically-acclaimed music projects. Besides releasing mixtapes every year, since 2018, Moneybagg Yo has consistently released studio albums. His sophomore studio debut, 43va Heartless, was released in May 2019 and entered the top 5 of three different music charts. Most recently, in January this year, he released his third album called Time Served, which is by far his most successful. Besides selling more than 500,000 copies (and earning a gold certification by the RIAA in the process), the album also topped numerous charts.
In the past two years, Moneybagg has found a lot of success in the hip hop world not just in his native state but around all of the United States. He has collaborated with the likes of Megan Thee Stallion (whom he dated for a few years), Lil Baby, City Girls, and DaBaby among many others, for the creation of number one hit singles that were certified gold and platinum by the RIAA. Among some of them are the songs “Dior”, “All Dat”, “U Played”, “Me Versus Me”, and “Said Sum”. Most recently, the rapper announced a collaborative mixtape with fellow rapper Black Youngsta, which is expected to be released later this year.
Moneybagg’s Total Net Worth
Moneybagg Yo has earned estimated total career income of $8.5 million dollars. As Moneybagg lives in the state of Tennessee, he will have had to pay around 41% in taxes on his career income. Tennessee only became a no income tax state in 2021. After tax, it is estimated that his career earnings are at around $5.01 million dollars, having paid $3.49 million dollars in taxes.
Moneybagg Yo has never married but does have eight children. In his personal life he has likely spent $1-2 million dollars of his career earnings but also earned $400,000 from his investments. He will have also had to pay around $800,000 in business related costs. Therefore, it is estimated that Moneybagg Yo has a net worth of about $3 million dollars.
Moneybagg Yo is a well-known rapper who is currently associated with the record labels CMG (Collective Music Group), Roc Nation, and Interscope Records. He began producing and recording music in just a decade and ever since then has created numerous solo and collaborative mixtapes, as well as three studio albums.
In addition to that, the hip hop artist, whose net worth is estimated to be $3 million, has collaborated with multiple artists for number one and gold/platinum-certified hit singles.