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How Did Yo Gotti Achieve A Net Worth Of $16 Million?

by Lily Morgen
Published: Last Updated on 942 views 9 minutes read
Yo Gotti Net Worth

Yo Gotti is a known American Rapper, Record Producer, and Songwriter who is most famous for his song ‘Rake It Up’ in 2016. You may have wondered as to how he managed to achieve a Net Worth of $16 million? Here, you will be able to find the answers you are looking for.

Early Life

Yo Gotti was born as Mario Sentell Giden Mims in Memphis, Tennessee on the 19th of May 1981. Gotti’s father originated from Zimbabwe and his mother was from South Africa.

Yo Gotti grew up in a family with many family members serving time in prison. His father, aunties, and brother have spent time in prison, and he often went inside different state penitentiaries and federal prisons to visit them when he was a kid.

His story is what is classed as a classic ‘rags to riches’ case as he was raised in the poorest part of the Deep South of Tennessee. At a young age, Yo Gotti soon turned to hustle. He told Vogue “being from the hood things like hustling will come your way”.

In effect, it was all this hustling that he was doing that led him to his career in rapping. He started rapping at the tender age of 14. He was initially rapping under the name ‘Lil Yo’ and released his first underground album called Youngsta On A Come Up in 1996. He then would put his tape in local small record stores locally by which he became a small town hit due to his amazing talents.

Career Beginning

Between the years 2000-2006, Gotti released a large number of albums over the course of his career. Some of which include From Da Dope Game 2 Da Rap Game (2000), and Self-Explanatory (2001).

He then managed to get signed by TVT and released his fourth album in 2003 by the name of Life. From this album, he released his first single ‘Dirty South Soldiers’ which featured Lil John.

In 2005, Gotti released his next song ‘Full Time’ which was featured on the soundtrack of the 2005 film ‘Hustle & Flow’. After this, Gotti released his fifth album Back 2 da Basics in 2006.

2012 to Present

Gotti began to release a series of mixtapes as the years went on. He then went on to release his sixth album in 2012 called Live From The Kitchen (distributed by RCA Records). “5 Star” was Gotti’s most successful promotional single in this album, which ranked No. 79 on the US Billboard Hot 100.

This album performed pretty well and managed to reach number 12 on the Billboard 200. The other promotional single Women Lie, Men Lie which features Lil Wayne also performed well, and peaked at No. 81 on the US Billboard Hot 100.

Later, Gotti stopped the cooperation with RCA Records due to his views of the low sales of this debut album.

In Oct 2012, Gotti released the mixtape series Cocaine Muzik entitled Cocaine Muzik 7: The World Is Yours.

Then in early 2013, Gotti and his label Collective Music Group (CMG) signed a distribution deal with Epic Records after RCA Records.

In November 2013, Gotti released his 7th album called I Am. The album’s single “Act Right” peaked at number 100 on the US Billboard Hot 100. Another single “King Shit” peaked number 5 on the US Billboard Bubbling Under R&B/Hip-Hop Singles chart.

In February 2016, Gotti released his 8th album The Art of Hustle, which peaked at number 4 on the Billboard 200. The lead single “Down in the DM” peaked at number 13 on the Billboard Hot 100.

In 2017, Gotti went on to release a collaborative mixtape Gotti Made-It. This is where the famous single Rake it Up came from which features Nicki Minaj. This song managed to reach number 8 on the Billboard charts. Even better, the single managed to become the highest-charting single in the US. Then the single Rake it Up was put into his ninth album I Still Am in 2017.

In 2020, he released his tenth album Untrapped (debuted at number 10 on the US Billboard 200 chart) which also has many well-known rappers including the likes of Megan Thee Stallion, Lil Uzi Vert, Ty Dolla $ign and many others.

In 2022, he released his eleventh album CM10: Free Game

Collective Music Group (CMG)

In order to work with other talents and work more than just as a rapper, Gotti founded his record label Collective Music Group in 2012, formerly known as Cocaine Muzik Group. Gotti has signed Blac Youngsta, Snootie Wild, Moneybagg Yo, 42 Dugg, EST Gee, Zed Zilla, and Wave-Chapelle.

CMG released Gotti’s seventh album I Am in 2013, also other artists’ albums and mixtapes. For example:

  • Wave Chapelle’s mixtape Only The Beginning (2014)
  • Snootie Wild’s Mixtape Ain’t No Stoppin Me in (2015)
  • Zed Zilla’s Album Rent’s Due 3 in (2015)
  • MoneyBagg Yo’s mixtape 2 Heartless (2017)
  • Blac Youngsta’s Mixtape Illuminati in (2017)
  • 42 Dugg Album Young & Turnt, Vol. 2 ‎in (2020)

For more work of CMG, you can see CMG’s page on Discogs

In June 2021, CMG partnered with Interscope Records to develop CMG’s team and empower it as the next powerhouse imprint in rap.

Yo Gotti Net Worth 2023

Yo Gotti has an estimated net worth of roughly $16 million as of 2023. His earnings have mainly come from his album releases (totally 11), singles, mixtapes, streams, merchandise, brand endorsements, performances, real estate investment, etc.

It is no surprise that Yo Gotti’s net worth will increase after joining forces with successful artists at CMG and working with Interscope Records.

What Can We Learn From Yo Gotti

Work Hard Play Hard

Gotti grew up hustling. He was exposed to street life and hard life from a young. He knew that if he wanted to enjoy life and what life has to offer, he would have to seek a career path in rap. Just like the Drake song ‘Started From The Bottom Now We Here…’. This song title best describes Yo Gotti.

He did not have a silver spoon in his mouth; this guy literally came from the streets and then managed to work his way up. The massive lesson to learn in this case is that in order to get to the top of the mountain, you must climb from the bottom first. This is exactly what Gotti had done and his career just kept on flourishing.

Associate Yourself With The Right People

As Yo Gotti’s career progressed, we can see the number of famous collaborations he had done. You can see a pattern with regards to his charting singles. Most of his charting singles had a collaboration with it whether it is Lil John, or Lil Wayne. ‘Rake It Up’ featured Nicki Manaj and went flying through the roof.

Given the branding of some of these celebrities, Gotti knew that it was imperative to get into the studio with them to enhance his career. What then happens is, it becomes a domino effect. He currently has 5.8 million followers on Instagram.

Have More Than One Source Of Income

Gotti has a large string of income streams outside of music. There is a saying that the average millionaire has at least 7 forms of income. Gotti definitely sits on this statement. Seeing all his images on social media, it is clear that Gotti likes the high life.

He loves living in luxury and loves money and so, he realized that in order to achieve this, he can’t just stop at music. He does performances, brand endorsements, real estate, has a number of record labels, publishing, licensing, merchandise; the list goes on.

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