How much is Young Thug worth?
| Net Worth: | $5 Million |
|---|---|
| Profession: | Professional Rapper |
| Date of Birth: | August 16, 1991 (age 31) |
| Country: | United States of America |
| Height: | 6 ft 3 in (1.91 m) |
About Young Thug
Young Thug is the pseudonym of Jeffery Williams. He was born on August 16, 1991, and is an American singer, songwriter, and rapper. He rose to popularity after his collaborations with other rappers, turned into hits. Birdman, Gunna, Gucci Mane, Lil Baby, and Rich Homie Quan are just some of the many artists he has collaborated with. After he released a few mixtapes, the young rapper signed into Mane’s record label called 1017 Records and ever since success has followed.
Young Thug is famous for his rapping and singing abilities, specifically his eccentric vocal style and fashion looks. Born in Atlanta, Georgia, he was born and raised in the same neighborhood (Sylvan Hills) as 2 Chainz, Wake Flocka Flame, his childhood friend PeeWee Longway, and Ludacris. His musical career began in 2010 when he made a guest appearance on the song “She Can Go” by rapper TruRoyal.
Throughout 2011 and 2012, the artist released three installments of what was his first-ever music project – the mixtape I Came from Nothing. The mixtape caught the attention of popular rapper Gucci Mane who decided to sign Young Thug to his label 1017 Brick Squad Records. This was pivotal to Young Thug’s career, and with Gucci Mane’s help, Young Thug’s career began on the up and up.
Following the signing with Mane’s label, Young Thug released his first mixtape with the 1017 Thug label and it received positive reviews. In fact, it was so successful that it made it onto popular year-end lists from 2013. Rolling Stone placed it in their “10 Best Mixtapes of 2013”, and it was also added to the lists of Complex, Pitchfork, FACT, and The Guardian.
It was also in 2013 that the young artist released his debut single “Stoner” which had a very commercial success. That led to the creation of many unofficial remixes by rappers like Jadakiss, Jim Jones, Iamsu!, Trick-Trick, Wale, and many others. Just a couple of months later, Young Thug released his single “Danny Glover”, which was also remixed by many popular artists including Nicki Minaj and Wake Flocka Flame.
Thanks in parts to both the success of his songs and the remixes of them by popular artists, the rapper received a lot more popularity.
2014 was a strong year for the rapper who received mainstream recognition thanks to his singles. Shortly after he signed with 300 Entertainment, the rapper released more mixtapes and at the same time created his own label which was named YSL Records.
Young Thug learned early on that one of the best ways to get your name out there, and your music listened to, was to collaborate with other well known artists. It was through this method that he tapped into his audience and associated himself with some of the best rappers in the world.
Young Thug became very successful after being signed to Gucci Mane’s label record and his collaborations with Kanye West. While he was at the peak of his career, the singer announced that he is opening his own label record – YSL Records was announced in November 2016. It is a subsidiary of the label 300 Entertainment.
In 2017, Young Thug released his commercial mixtape Beautiful Thugger Girls, which was originally titled “E.B.B.T.G.”. The mixtape was executively-produced by the popular Drake, for whom Young Thug provided vocals in his songs “Ice Melts” and “Sacrifices” that were featured in the star’s album More Life.
Less than two months after his latest mixtape was released, Young Thug teamed with Camila Cabello for her song “Havana”. The single became a global hit that topped many music charts. It debuted at number one on the Billboard Hot 100, becoming Young Thug’s first to achieve that. Following the success of “Havana”, in April 2018, Young Thug released an EP called Hear No Evil. After he provided background vocals and co-wrote Childish Gambino’s song “This Is America”, Young Thug was awarded his very first Grammy Award for “Song of the Year”.
Almost 10 years after he began his musical career and after releasing a lot of different mixtapes and extended plays, Young Thug released his very first studio album So Much Fun on August 16, 2019. The album was met with positive reviews and immediately after its release debuted at number one on the Billboard 200, making it Young Thug’s first number-one album. Later, it was also added to many year-end lists, with its highest position being number three in the Uproxx’s “The Best Albums of 2019”.
Young Thug became rich after he signed with major label companies and produced massive hits with other popular artists. In 2014, despite being offered more than an alleged $8.5 million to sign with the record label Freebandz (by fellow rapper Future), Young Thug remained with Cash Money Records. During that time, the artist recorded many songs including a collaboration with megastar Kanye West, who actually praised him for his fast and fluid work.
After signing with other record labels, the rapper planned to release his debut album in 2015, however, plans changed after unknown data breaches leaked hundreds of his unreleased songs. In the aftermath of that, he released the mixtape titled Barter 6, which was followed by three other mixtapes released in 2016 – “I’m Up”, “Slime Season 3”, and “Jeffery”.
Owing to his great songwriting and rapping abilities, Young Thug once again captured the attention of Kanye West who offered him a collaboration deal on his album The Life of Pablo. Young Thug is credited for the creation of “Highlights”, as well as 7 different vocal appearances in the album.
Thug’s Total Net Worth
It is estimated that from his work in the music industry, Young Thug has earned $13 million dollars in earnings over his career. Living and working out of Atlanta, Georgia has also saved him substantially on his taxes. While he would have had to pay some 48% tax on his earnings if he was living and working in California, his tax obligations in Georgia are far less. In fact, Young Thug is estimated to have paid just 41% in taxes on his income.
After tax, it is estimated that his career earnings are at around $7.67 million, having paid $5.33 million dollars in taxes. While these after-tax earnings seem good, during COVID-19 and the years that shows could not go on. Young Thug complained that “The money I get for shows, let’s say I get $500,000. If I don’t do these 10 shows, that’s $5 million.” He may be fronting a bit, but still that gives us a closer look into what he has been earning from his live appearances.
Unlike many rappers in and around Atlanta, and in fact all over the United States. “Young Thug” has not actually been a thug in real life. He has a clean record and has seemed to want to keep it that way, staying out of trouble despite his hip hop demeanor.
In his personal life he is not married, but he has been engaged with Jerrika Karlae since 2015. In total Young Thug has six children by four women, three sons and three daughters. It seems that his intention is his family’s security and it is likely that he will have made some investments that have paid off for him, including in the stock market.
Considering Young Thug’s real life personality, it is likely that while he will have incurred some losses, as well as had to pay business and personal costs. Overall he will have also realized some investment gains. That said, he also has had additional costs as he looks after more than just his children and fiancée but also his parents. “I might spend a million, two million just over quarantine. I got my mom and daddy,” he has said.
Overall, it is likely that considering Young Thug’s circumstances. He likely has a net worth of around $5 million dollars.
Summing-Up
Young Thug quickly gained a lot of popularity thanks to his eccentric voice, interesting fashion looks, and most importantly rapping and songwriting skills. His talent was quickly noticed by other popular artists and that really contributed to his fame and success.
After his collaboration with Camilla Cabello “Havana” turned into a global hit. The hit single not only became popular across the globe but was nominated for a lot of music awards, as well as topped many rap and music charts, including hitting the prestigious Billboard Hot 100.
Young Thug has many accomplishments and was even awarded a Grammy Award at the 61s edition of the Grammys. He won the award for Song of the Year, specifically for his songwriting contributions of Childish Gambino’s “This Is America”. Besides releasing other hit singles in the late 2010s (“The London” and “Hot”), Young Thug released his debut album titled So Much Fun in mid-August 2019.
