Lil Pump Net Worth (Money & Salary)
Lil Pump Net Worth (Money & Salary)
December 3, 2024
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Wondering about Lil Pump’s Net Worth?
With a net worth of $12 million, Lil Pump is an American rapper and songwriter. He made a name for himself in the SoundCloud rap scene, gaining millions of streams. Formerly known as Trapper of the Century, Lil Pump’s real name is Gazzy Garcia.
Early Life
Born Gazzy Garcia on August 17, 2000, in Miami, Florida, Lil Pump’s parents hail from Colombia. His parents divorced when he was six years old, and at 13, he met Smokepurpp through his cousin Lil Ominous, leading to a collaboration that jumpstarted his music career.
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Career
Smokepurpp’s production of a track for Lil Pump marked the beginning of his career. His debut single “Lil Pump,” released on SoundCloud in 2016, was a hit. Subsequent singles like “Elementary,” “Ignorant,” “Gang Shit,” and “Drum$tick” each garnered over three million streams, solidifying his place in the SoundCloud rap scene.
Signing a record deal with The Lights Global and Warner Records in 2017, Lil Pump’s success continued with hits like “D Rose” and “Boss.” His self-titled debut mixtape and singles like “Gucci Gang,” “I Shyne,” and “Esskeetit” further propelled him into stardom.
(Photo by Frazer Harrison/Getty Images)
Lil Pump’s collaborations with artists like Kanye West and Lil Wayne, along with his successful albums “Lil Pump” and “Harverd Dropout,” propelled him to fame. However, legal issues, including arrests for weapon-related incidents and driving violations, have marred his personal life.
In 2021, Lil Pump faced financial challenges, with the IRS filing liens for unpaid taxes amounting to millions of dollars. Despite these setbacks, his music career continued with releases like “Life Like Me” and the album “Lil Pump 2” in 2023.
Personal Life
Lil Pump has shared struggles with dyslexia, causing difficulty in reading. Legal troubles, including arrests for weapon offenses and driving violations, have also plagued his personal life, along with financial challenges related to unpaid taxes.
Announced on Instagram was Lil Pump about his father, Fabio Garcia, passing away. Additionally, in July 2023, Lil Pump declared his retirement from music to pursue a career as an astronaut.
Warner Brothers Contract
Upon signing a recording contract with Warner Brothers in March 2018, Lil Pump received an $8 million advance. Over the years, the rapper will earn escalating amounts starting from $9,000 in the first year, $12,000 in the second year, and $15,000 in the third through seventh years. Surprisingly, these figures are correct. Notably, he was entitled to a 14% share of his U.S. royalties, which is substantially higher than the industry norm. Moreover, in specific sales formats, Lil Pump can receive 66% of his royalties. The $8 million advance essentially means that until this amount is recouped, Lil Pump won’t earn any additional money. It would be exceedingly challenging to secure another deal if the advance isn’t repaid for any reason.
Real Estate
In July 2019, Lil Pump acquired a 5,000-square-foot waterfront mansion in Miami Beach for $4.6 million.
Data is from 2023 and 2024 and forecast data is for 2025 and 2026. We also expand the forecast data to 2027 and 2028.
Lil Pump Net Worth (Money & Salary)
