When it comes to Hip Hop and Rap, American rapper Lil Pump has made quite a splash. He’s become one of the biggest names in the genre, and with his success comes a lot of money. So just how much is Lil Pump worth?
Lil Pump net worth is estimated to be around $8 million dollars as of 2022. This impressive amount of wealth has come from his successful music career as well as appearances in movies and television shows.
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Early Life
Gazzy Garcia now known as Lil Pump was born on Aug 7, 2000, in Miami, Florida. To a Mexican mother and a Cuban father. Unfortunately, his parents divorced when he was six years old.
When he was 13, his cousin Lil Ominous introduced him to Omar Pineiro, otherwise known as Smokepurpp. They became collaborators and were expelled from multiple school districts together before Garcia enrolled in an alternative high school. However, he too ended up getting expelled in the tenth grade for fighting and inciting a riot.
Garcia suffers from dyslexia and struggles with reading, and has highlighted this online.
Career Beginnings
Pineiro would create a beat, and Garcia would freestyle over it. This would start one of the biggest SoundCloud rappers in history. In 2016, Lil Pump released his self-titled debut album, which was met with positive reviews and the song peaked at No.2 on both the US Rap and US R&B/Hip-Hop charts and No.3 on the Billboard 200 chart. . The mixtape featured hits such as “Lil Pump”, “Gang Shit”, “Ignorant”, “Elementary, “and “Drum$tick.” Each of these songs earned more than three million streams on SoundCloud. His success led to him being recognized within the South Florida underground rap known as the Soundcloud rap scene.
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You can also see his muvideos of his progression on YouTube from 2012 to 2017 when he was 12 to 17 years old.
He was quickly signed to Tha Lights Global and Warner Bros. Records, cementing his career in the music industry at just the age of 17.
Success
Lip Pump deal with Warner Records came with an $8 million advance. The contract pays the rapper $9,000 in the first year, $12,000 in the second, and then gradually increases by $3,000 each subsequent year until it maxes out at $15,000/year for years three through seven.
Additionally, Lil Pump was given a 14%-66% share of his royalties. It’s important to note that an $8 million advance means that until it is paid back in full, Pump cannot earn any additional money. If for whatever reason the money isn’t repaid, it’ll be difficult to score another recording contract.
From there, his career blossomed and he released a string of hit singles including “Gucci Gang,” the music video has 894 million views on YouTube. He followed that up with “D Rose” which has nearly 500 million views. His success allowed him to collaborate with some of the biggest names in rap such as Kanye West, Lil Uzi Vert, and Travis Scott.
Lil Pump released his second album “Harverd Dropout” in 2019 which featured the hit single “I Love It,” with fellow rapper Kanye West. The song was certified triple-platinum by the RIAA and topped the streaming songs chart in its first week. He followed that up with the single “Racks on Racks” which peaked at number 25 on the Billboard Hot 100.
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As of 2022, Lil Pump has close to 18 million subscribers and 4 billion views on YouTube. This translates to about $15,000 per month or $175,000 million per year. He has also had over 1 billion streams on Spotify.
Venture Into NFT Sales
In 2021 Lil Pump launched an NFT sale in collaboration with Opulous and Republic, which includes a share of his royalties from the upcoming track “Mona Lisa” featuring Soulja Boy. The sale offered bronze, silver, gold, or platinum-level NFTs for $100- $10k. Within two hours, the sale had reached its $500k target.
The royalties will be split between 910 bronze-level, 100 silver-level, 21 gold-level, and four platinum-level investors based on investment amount and success of the track. This translates to a quarterly payout of 20% of total royalties to all investors.
Additionally, the NFTs each include a rare digital art piece from the Opulous platform. This is another example of Lil Pump’s willingness to stay ahead of trends and innovate in the music industry.
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Controversies
In February 2018, Pump was arrested on suspicion of shooting a gun near people. His manager claimed there were men trying to break into his house in the San Fernando Valley before Pump shot at them through the door. The police found that the bullet may have come from inside Garcia’s home and came back with a search warrant. They searched the house and found an unloaded handgun below the balcony as well as ammunition elsewhere in the house. After this incident, Garcia’s mother was investigated for possible child endangerment and having an unsecured firearm at her home.
Lli Pump’s manager released a statement in the later part of the year that he had served time for driving without a license in Miami. Unfortunately, that December Lli was arrested again and fined $700 for possession of marijuana after a performance in Denmark. He is now banned from returning to the country until 2020.
Lil Pump is also known for being an outspoken supporter of President Donald Trump. He has proudly displayed his “Make America Great Again” hat in interviews and even went as far as to perform at the White House. This move was met with significant criticism from fans and other members of the rap community. Despite this backlash, Lil Pump stood by his decision and defended the President in interviews.
Despite all of the controversies, Lil Pump continues to be one of the most successful rappers to come out of South Florida. He’s been able to generate a massive online following and he has been able to use that platform to launch his career into superstardom. There are no signs of slowing down for the young rapper and it will be interesting to see what he does next.
Lil Pump Lifestyle
Lil Pump is known for his flashy lifestyle, and his Miami Beach home is no exception. The 4,815-square-foot property on Biscayne Bay was purchased in 2019 for $5 million. The five-bedroom, six-bathroom showplace boasts stunning views of the bay from custom Italian cabinetry and unobstructed windows throughout.
He has a display of flashy cars including Rolls Royce, Maserati, and Lamborghinis. These cars are sure to turn heads when he pulls up in them, adding to his already impressive reputation as a rap superstar.
Aside from his cars, Lil Pump also owns several diamond-encrusted chains, watches, and other jewelry items that add to his overall extravagant lifestyle. He often wears the pieces while performing on stage, solidifying his place as one of the most stylish rappers in the game.
Lil Pump is also known for his love of art and fashion, often collaborating with brands such as Gucci and Supreme to create unique pieces. He has even designed a few pieces himself that have been featured in magazine editorials and on celebrities.
No Stopping Li Pump
Treating his fans with respect and always looking to innovate, Lil Pump is setting a high bar for other rappers to follow. His willingness to stay ahead of trends and innovate in the music industry has helped him become one of the most successful rappers of all time. While controversies may linger, there is no doubt that Lil Pump’s career is on the up and up and he is here to stay.
Lip Pump’s net worth is estimated at $14 million in 2022.
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