Here, we’ll discuss how he made such a net worth in recent years, and what we can learn from his success story.
Moneybagg Yo was born as Demario DeWayne White Jr on the 22nd of September 1991 in Memphis Tennessee. It was in 12th Grade that Yo then decided to leave school to pursue a career in rap music.
Yo began to release his rapping mixtapes in 2012, such as ‘From Da Block 2 Da Booth’ and ‘October 20th’. But it was in 2016 when he released his mixtape ‘Federal Reloaded’ that gave him the chance to enter the mainstream.
He then went on to produce his follow-on feature ‘ELO: Everybody Lives On’ which featured the likes of Yo Gotti and Quavo from ‘The Migos’. In October 2016, he signed with Yo Gotti’s Collective Music Group (CMG) and started to make his name in the music industry. Then his collaborations with Yo Gotti in mixtape ‘2 Federal’ which was released by CMG in October 2016.
The year 2017 was Yo’s breakout year, he released his song ‘Heartless’ which reached the Billboard 200 at Number 177. This mixtape featured YFN Lucci and Lil Durk. Yo went on to release more mixtapes that year.
Yo released his first studio album ‘Reset’ in 2018 which reached Number 13 on the Billboard 200 chart.
It was also in 2018 that Yo released his compilation album titled ‘Moneybagg Yo Presents’. From there, he began releasing sequels and even more mixtapes including more features (we can see how so many collaborations and features encouraged him to make more and more music, increasing his net worth).
Then his second studio album ‘43va Heartless in 2019, which reached number 4 on the Billboard 200 chart.
In 2020, Yo went bigger and harder and released ‘Time Served’ which was his third studio album. This album was a deal-breaker for Yo, as it included his first Hot 100 charting singles ‘All Dat’ and ‘U Played’. During the first week of this album being released, it sold an impressive 66,000 units and managed to reach number 3 on the Billboard 200.
Seeing how well his studio album had been doing, he decided to cleverly release a deluxe edition in the middle of 2020. Within that year, Yo released his highest-charting song ‘Said Sum’.
In 2021, Yo released ‘A Gangsta’s Pain’ which was his fourth studio album. Like all his other albums, this one featured quite a few artists including Pharell Williams, Polo G, and Future. The album exceeded the previous as he managed to sell 110,000 units within the first week.
There is no doubt that these releases brighten his rap career.
For more of his music, you can see Moneybagg Yo’s Discogs page.
Moneybagg Yo Net Worth 2023
Moneybagg Yo is estimated to have a net worth of $6 Million as of 2023. The number is pretty impressive considering the short length of time that he has been in the music game. The main sources of his wealth have been earned through his singles, album sales, performance shows, and live streaming.
Yo also can make millions of dollars from his Youtube channel due to million of views for put ads, which has a 2.6 million subscriptions.
When he first started his career, he would charge around $2500 for a show in 2020, now he charges up to $200,000 a show.
Moneybagg Yo has his own record label Bread Gang Entertainment, which helps him cooperate with other artists and increase his reputation.
Yo also has his merch brand Shopmby.
His net worth will increase considering his age and the beginning of his music career.
What Can We Learn From Moneybagg Yo
It Is Who You Know
One thing we have noticed about Moneybagg Yo, he associates himself with the right people to aid his success. He realized from the very beginning of his career that if he wanted to ‘blow up’ in this industry which is very competitive; he would need to have as many features as possible.
Yo’s talent was found and the rapid rise of his influence in the music field after the collaboration with Yo Gotti, whom he considers a mentor.
Nearly every hit single he released featured another artist. These features enhanced his sales – we saw how his fourth album almost doubled in sales units within the first week in comparison to his third album.
His features got stronger. Rather than dealing with the not so known rappers; he began to have features from the likes of the legendary Pharell Williams and Future. The moral here is to network; word of mouth is key, showcase your skills and collaborate with people. It will increase your net worth.
Moneybagg Yo has only been in the game for 10 years but really blew up in 2020. His song ‘Wockesha’ which blew up due to the Biggie Smalls sample ‘One More Chance’ has had nearly 40 million views on Youtube and many times on TikTok. He knows what trends and what sells. With this song, he managed to get a remixed feature with Ashanti.
After each successful song or album, it almost gave him a buzz to continue to produce more hits. He understands the logic of working hard and what sells. He understands his target market. Hence why within a 3 year period, he is now at a net worth of $6 Million.