Lil Pump: Charting the Financial Trajectory of a Rap Prodigy
In the world of hip-hop, few artists have risen to fame as quickly as Lil Pump. Born Gazzy Garcia on August 17, 2000, in Miami, Florida, this young artist has become a household name within the rap community, known for his energetic performances, flamboyant style, and catchy lyrics.
Early Life and Career Beginnings
Lil Pump grew up in a troubled neighborhood, where he was expelled from multiple district schools. He turned to music as a creative outlet and began freestyling with his friend, Smokepurpp. His early music was uploaded to the music streaming platform SoundCloud, where it quickly gained traction.
Lil Pump’s breakthrough came in 2017 with his single “Gucci Gang,” which peaked at number three on the Billboard Hot 100. His debut self-titled album, released in the same year, charted at number three on the Billboard 200, and the artist’s career has been on an upward trajectory since.
Accumulation of Wealth
As of 2023, Lil Pump is estimated to have a net worth of $10 million. This wealth accumulation, impressive for someone in their early twenties, can be attributed to his music career and various business ventures.
His initial source of income was his music on SoundCloud, where millions of streams translated into substantial earnings. However, the true financial game-changer for Lil Pump was the success of “Gucci Gang.” The single not only earned him significant revenue but also thrust him into the limelight, securing him lucrative deals and opportunities.
In 2018, Lil Pump signed a record deal with Warner Bros. Records, reported to be worth $8 million. The deal was for a single album, “Harverd Dropout,” which further solidified Lil Pump’s financial status.
Apart from his music, Lil Pump has also earned money from touring. His shows are known for their high energy and theatrics, attracting large crowds of dedicated fans. The revenue from ticket sales and merchandise contributes a significant amount to his overall net worth.
Endorsement deals and partnerships also play a role in Lil Pump’s income. He has collaborated with various brands and has even hinted at launching his own line of products in the past.
Property and Lifestyle
Lil Pump’s lifestyle is a testament to his accumulated wealth. Known for his love of luxury, he frequently shares images and videos of his extravagant lifestyle with his followers. He owns a multi-million dollar house in Miami and has a collection of high-end cars and expensive jewelry.
Comparatively, Lil Pump’s net worth is competitive within the world of young, successful rappers. Artists like 21 Savage and Lil Uzi Vert have similar net worths, demonstrating the financial potential within the industry for young talent.
Philanthropy and Impact
While Lil Pump is known for his flamboyant lifestyle and extravagant spending, he has also shown a philanthropic side. He’s been involved in various charitable events, such as a back-to-school drive in his hometown of Miami, where he gave away backpacks and school supplies to children in need.
What is Lil Pump’s net worth?
Lil Pump is an American rapper and songwriter who has a net worth of $12 million. Lil Pump is a prominent member of the SoundCloud rap scene. He became popular on Soundcloud when he gained millions of streams. Lil Pump’s real name is Gazzy Garcia and he has also gone by Trapper of the Century.
Lil Pump was born Gazzy Garcia in Miami, Florida on August 17, 2000. Garcia’s parents are from Colombia and they divorced when Pump was six years old. When Garcia was 13, his cousin Lil Ominous introduced him to Omar Pineiro, otherwise known as Smokepurpp, and the two became collaborators. The two were expelled from multiple school districts and Garcia then enrolled in an alternative high school. However, he was expelled in the tenth grade for fighting and inciting a riot.
Lil Pump’s career began when Smokepurpp produced a track and asked him to freestyle over it. It was produced and released independently in 2016 on SoundCloud as his debut single entitled “Lil Pump.” Garcia then followed up with the singles “Elementary,” “Ignorant,” “Gang Shit,” and “Drum$tick.” Each of these songs garnered over three million teams. His immense SoundCloud success earned him recognition within the South Florida underground rap scene, in a style only known as “SoundCloud rap.” In 2016, he co-headlined the No Jumper tour and performed at the Rolling Loud Festival. In 2017, Garcia released the singles “D Rose” and “Boss”, which were major hits on SoundCloud and collected a combined 70 million streams. The popularity of “D Rose” led to a music video produced by Cole Bennett, also known as Lyrical Lemonade. The music video was released on YouTube in January 2017 and by July 2018 it had gained 145 million views.
On June 9, 2017, Lil Pump signed a record deal with The Lights Global and Warner Records, just two months shy of his 17th birthday. However, in January 2018 his contract was voided with Warner Bros. Records because he had been a minor at the time of singing. Garcia announced through Twitter in July 2017 that his album was in the works and would be released in August. However, it was pushed back and instead he released “Gucci Gang,” which became his first Billboard Hot 100 entry.
Lil Pump’s self-titled debut mixtape was released in 2017 and reached #2 on both the US Rap and US R&B/Hip-Hop charts and #3 on the Billboard 200 chart. His most successful single “Gucci Gang” reached #3 on both the US Rap and US R&B/Hip-Hop charts. The song was certified gold by the RIA of America on January 11, 2018, and in July 2018 it was certified triple platinum. On October 6, 2017, Garcia released his debut studio album, “Lil Pump.” The album features his pal Smokepurpp, and rappers Gucci Mane, Lil Yachty, Chief Keef, Rick Ross, and 2 Chainz. Lil Pump has also had some success with the popular singles “Back” (featuring Lil Yachty), and “Iced Out” (featuring 2 Chainz).
In January 2018, Pump released “I Shyne” with producer Carnage. He re-signed another contract with Tha Lights Global and Warner Records for $8 million in March 2018. The next month, he released the single “Esskeetit” which debuted and peaked at No. 24 on the Billboard Hot 100. He performed the single on “The Tonight Show with Jimmy Fallon” on May 24, 2018. That summer, Lil Pump released the single “Drug Addicts” along with a music video featuring award winning actor Charlie Sheen.
By late 2018 Pump had more than 11 million subscribers on YouTube, and a shade under 2 billion views on YouTube. He also had over 1 billion streams on Spotify. His song with Kanye West, “I Love It”, debuted at #1 on the streaming songs chart on September 22, 2018. The song had 46 million streams in its first week alone and went straight to No. 1 on the Canadian Hot 100. He announced a tour in August 2018 to promote his not yet released album “Harverd Dropout”, but the tour was cancelled a month later due to “unforeseen circumstances.”
In October 2018, Lil Pump released “Multi Millionaire” as a single featuring Lil Uzi Vert. In February 2019, Garcia released a song featuring Lil Wayne titled “Be Like Me” and a subsequent music video. Garcia performed the song on February 25, 2019 on “Jimmy Kimmel Live!”. On February 22, 2019, he released his second studio album “Harverd Dropout,” The album features Kayne West, Lil Wayne, Smokepurpp, Lil Uzi Vert, 2 Chainz, Offset, Quavo, and YG.
On September 16, Pump released a new single to SoundCloud, “Life Like Me.”
Lil Pump suffers from dyslexia and has stated on social media that is unable to read.
Pump was arrested in February 2018 for discharging a weapon in an inhabited place. According to his manager, three men were attempting to break into his San Fernando Valley home before shooting into the door. Police then found that the bullet may have come from inside the home and came back with a search warrant, subsequently finding an unloaded handgun below the balcony and ammunition elsewhere in the house. Garcia’s mother was then investigated for endangering a minor and having an unsecured firearm at the home.
A few months later, Garcia was arrested for driving without a license in Miami. Garcia’s manager announced in October 2018 that the rapper had served a prison sentence for a violation of parole in connection with the incident but did not provide any further details. Garcia was arrested in December that same year in Copenhagen for possession of marijuana following a performance in Vega. He was fined $700 and banned from entering the country for two years.
Warner Brothers Contract
In March 2018, Lil Pump signed a recording contract with Warner Brothers that came with an $8 million advance. The contract then pays the rapper $9,000 in the first year, $12,000 in the second, and $15,000 in the third through seventh years. Those numbers are not typos. He also was given a 14% share of his royalties in the United States which is much higher than normal. And in some sales formats, the rapper will actually get 66% of his royalties. To be clear, an $8 million advance means that Pump can’t earn any more money until his advance is paid back. And if the money is not paid back for some reason, it will be very difficult to get another deal.
In July 2019, Lil Pump paid $4.6 million for a 5,000 square-foot, waterfront mansion in Miami Beach.
All net worths are calculated using data drawn from public sources. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. We welcome all corrections and feedback using the button below.
Lil Pump’s net worth is a testament to his talent, hustle, and strategic decision-making within the music industry. His wealth not only affords him a luxurious lifestyle but also allows him to make an impact in his community. At just over 20 years old, Lil Pump’s financial success serves as an inspiration to young artists everywhere, proving that with determination and creativity, it’s possible to turn passion into profit.