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.
How did Moneybagg Yo earn his net worth?
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 winning more than $350.000 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. From the sales and promotions of his first album, the rapper was able to earn a little over $75.000 in just a few months time. He also secured a recording deal worth $500.000 with the established label Interscope Records.
Why is he so famous?
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.
What makes him so successful?
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 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 $5 million, has collaborated with multiple artists for number one and gold/platinum-certified hit singles.