Lil Pump’s net worth is $12 million as of 2024. He is an American rapper, singer, and songwriter who came into the spotlight in the year 2017 following the release of his song “Gucci Gang”, which became a viral success. At the time, he was worth only $150, 000.
He is also popular for being one of the prominent members of the SoundCloud rap group with the highest number of streams, running in millions. Lil Pump’s real name is Gazzy Garcia and he was born on August 17, 2000, in Miami, Florida. While music is his primary source of income he has also accumulated wealth from other sources including social media, live shows/ tours, and real estate. Here is a detailed account of Lil Pump’s net worth and various income sources.
How Much is Lil Pump Worth?
Lil Pump’s net worth is $12 million in 2024. His primary source of wealth comes from his successful music career as millions of views have been recorded on his albums and single music releases.
The 54 year-old American rapper started his music career at the young age of 13 when his cousin Lil Ominous introduced him to Smokepurpp (Omar Pineiro), and they started working together. They got kicked out of several schools, so Pump went to an alternative high school. However, he got expelled in the tenth grade for fighting and causing a riot.
Lil Pump Has Attained Success in Pursuing Various Career Interests
Lil Pump has accumulated great wealth through pursuing various career paths. His primary source of wealth stems from his music career from royalties, while other sources are social media and real estate.
Lil Pump’s Music Career as a Rapper and Singer Started in 2016
Lil Pump earns a whole lot of money from his albums and songs. His musical career as a rapper began when Smokepurpp asked him to freestyle on a track that he was producing. It was produced and released independently in 2016 on SoundCloud as his debut album titled “Lil Pump”. Shortly after, Lil Pump followed up with his singles; Elementary, Ignorant, and Drumstick, each with over three million streams.
On June 9, 2017, Lil Pump signed a record deal with The Lights Global Records and in that same year released his first Billboard Hot 100 entry, “Gucci Gang,” which was also his most successful single. “Gucci Gang” reached #3 on both the US Rap and US R&B/Hip-Hop charts. And as much as the song was getting good publicity for the ace musician, he was also making good money from it.
Lil Pump was Worth Only $150, 000 When He Released Gucci Gang
At that time, Lil Pump reportedly had a decent net worth of $150, 000 but his fortune was quick to change. Having started his music career barely a year ago, the success Lil Pump recorded with his hit song “Gucci Gang” released on August 31, 2017, was such that many other musicians dream of it after years of sojourning. Reports had it that in less than four months after the song’s release, the kid star had made at least $2,129,730 through streams on Spotify alone.
His fortune with this singular song was even better on other platforms. Within the same time frame, he banked about $434,524 from YouTube while the combination of streams from Pandora, Google Play, Apple Music, and Tidal had already earned him $4,355,265. And though as a signed artist, Lil Pump didn’t keep all these earnings to himself, the percentage he parted with; estimated to be 19% of total streaming revenue, or $1,927,360 left him a very rich kid in his first years of global fame.
Still, in 2017, he became famous with hits like D Rose and Boss, which were later featured in an Apple Watch commercial. They also became major hits on SoundCloud and had over 70 million streams. D Rose became so popular that a music video was made by Cole Bennett, known as Lyrical Lemonade. The video was posted on YouTube in January 2017, and by July 2018, it had 145 million views.
He signed an $8 Million Recording Contract with Warner Brothers
In March 2018, Lil Pump signed a recording contract with Warner Brothers that came with an $8 million upfront payment. And then $9,000 in the first year, $12,000 in the second, and $15,000 from the third to the seventh year. He also gets 14% of the money from his music in the United States, which is more than what most artists get.
On March 17, 2023, he released his first full-length solo album in four years, through a deal with SoundCloud. The album was titled “Lil Pump 2”. The American rapper has gained fame and money through several hit singles and albums. Additionally, he also makes his money from music royalties and his mixtape releases.
Here is a list of Lil Pump’s albums so far.
- Lil Pump (2017)
- Harvard Dropout (2019)
- Lil Pump 2 (2023)
Lil Pump’s YouTube Channel Earns Him $3.6 Million Annually
In addition to Lil Pump’s successful music career, another source of wealth stems from his social media activities specifically on his eponymous YouTube channel: Lil Pump. The channel was created on 16th October 2015 and now has over 17.7 million subscribers on the platform. He majorly uploads his music on the channel which has garnered over four billion views so far.
With a channel like his which has seen over 4.2 billion video views with at least 8.5k comments on each video upload and an average of 122k likes per video; the ace rapper is making a lot from YouTube. It is estimated that Lil Pump earns at least $13, 300 from YouTube monthly. This figure can also be as much as $299, 000 between $161, 000 and $3.6 yearly.
Lil Pump’s Live Shows and Tours
The American rapper has also amassed a considerable amount of wealth through live show performances. As a talented music artist, he is frequently invited to events and parties on both local and international levels where he performs at a paid price. With his chart-topping songs and energetic performances, Lil Pump easily pulls a crowd whenever he is on a public performance.
But aside from making money through performing in shows and tours, he has equally lost money for not performing on a tour. Back in the year 2018, Lil Pump suffered a significant financial setback when he got 15 of his shows scrapped. This cost the rapper about $1, 050, 000 as he was set to earn no less than $70, 000 per show. The tour would have seen him perform in at least 10 US states and Canada. Although no official statement was released as to why the tour was canceled, it was speculated that it could be connected to his legal issues at the time; he violated his parole after he was arrested in a Miami traffic stop.
The rapper has also ventured into real estate. As of July 2019, Lil Pump paid $4.6 million for a 5,000-square-foot, waterfront mansion in Miami Beach. Meanwhile, he is based in Los Angeles, California USA. In August 2023, he was reported to have sold his Miami Beach mansion for $7 million. The ace rapper had earlier listed the house for sale in February for $8.7 million. But when a deal was finally closed, he made $2.4 million (bought for $4.6 million – sold for $7 million) for his 4 years of ownership of the mansion. This has also added to Lil Pump net worth.