What is Yo Gotti's Net Worth and Salary?
Yo Gotti is an American rapper and producer who has a net worth of $100 million. Yo Gotti began his career in the late 1990s, releasing a series of independent albums and mixtapes. In 2003, he founded the record label Collective Music Group (CMG), which has since signed notable artists such as Moneybagg Yo and 42 Dugg. To date, Yo Gotti has released ten studio albums, with several reaching the top ten on the Billboard 200 chart. His most successful albums include "I Am" (2013), "The Art of Hustle" (2016), and "I Still Am" (2017). He is known for his collaborations with major artists such as Nicki Minaj, Lil Wayne, and Meghan Trainor.
Yo Gotti's music often focuses on themes of street life, hustling, and his journey from poverty to success. His hit singles include "Down in the DM," "Rake It Up," and "Put a Date on It." In addition to his music career, Yo Gotti is a successful entrepreneur, with investments in real estate and the restaurant industry.
Perhaps most important to Yo Gotti's net worth is his record label, Collective Music Group. The label is home to artists like Moneybagg Yo, Blac Youngsta, GloRilla, and EST Gee. Gotti is a minority owner in the MLS team D.C. United and owns a restaurant in Memphis called Privé. His mother runs the restaurant.
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Early Life
Gotti was born Mario Sentell Giden Mims on May 19th, 1981, in Memphis, Tennessee. He grew up in the Ridgecrest Apartments in the Frayser neighborhood of Memphis. His father was a gym instructor from Zimbabwe, and his mother was of South African descent. Yo Gotti grew up surrounded by crime, and when he was in the third grade, federal agents raided his family's home. Some of his family members were arrested and eventually sentenced to serve up to 15 years in jail.
At an early age, Gotti began smoking, drinking, and stealing; however, he decided to focus on being successful after realizing the path he was on would only lead him to jail. By the age of 14, he was rapping, performing, and releasing music under Lil Yo.
Career
Between 2000 and 2006, Yo Gotti began releasing albums under his new name. The albums were "From Da Dope Game 2," "Da Rap Game," Self-Explanatory," "Life," and "Back 2 da Basics." Then, in 2012, after signing a deal with the major label RCA, he released his sixth album called "Live From The Kitchen." The first single for the album, "5 Star," peaked at 79 on the Hot 100 and 11 on the US Rap charts. The album itself debuted at number 12 on the US Billboard 200 and sold 16,000 copies in its first week of sales.
Gotti was disappointed with RCA over the lack of sales for the album and subsequently left the label. At the end of 2012, he released a mixtape called "Cocaine Muzik 7: The World Is Yours." At the beginning of 2013, Yo Gotti signed a new distribution deal with Epic Records and announced his seventh studio album, titled "I Am," would be released in November of that year. The single for the album "Act Right" featured performances by Young Jeezy and YG. The single debuted at number five on the Bubbling Under Hot 100 Singles chart. On November 19th, 2013, "I Am." The album received positive reviews and eventually earned Yo Gotti a nomination for Album of the Year at the BET Hip Hop Awards.
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In February of 2016, Gotti released his eighth studio album, "The Art of Hustle." The album peaked at number four on the Billboard 200, and the lead single "Down in the DM" peaked at number 13 on the Billboard Hot 100. At the end of 2016, Yo Gotti announced he had signed a deal with Jay Z and his major label, Roc Nation.
In 2017, Gotti released his ninth studio album, "I Still Am," which included the song "Rake It Up," featuring Nicki Minaj. The song peaked at number eight on the Billboard Hot 100. "Rake It Up" became Yo Gotti's highest-charting song of his career and was nominated for Best Collaboration by a Duo or Group at the BET Hip Hop Awards. "I Still Am" was later certified gold by RIAA.
In January 2020, Gotti released his tenth album "Untrapped," which debuted in the top ten on the Billboard 200 chart. The album received mostly positive reviews and featured guest appearances by Rick Ross, Estelle, and Megan Thee Stallion. Yo Gotti is also the founder and CEO of the record label Collective Music Group. After being delayed for unknown reasons, his eleventh studio album, "CM10: Free Game," was released as a double-disc package in February of 2022.
On March 29, 2023, a shooting took place at the restaurant he'd purchased for his mother, Privé Restaurant, in Memphis, Tennessee.
Collective Music Group
Yo Gotti is the founder of the Collective Music Group, which was originally named "Cocaine Muzik Group." Artists under the label include Moneybagg Yo, Blac Youngsta, GloRilla, and EST Gee.
Watch Collection
Gotti reportedly owns a watch collection that is worth $10 million. His collection features a number of notable Rolex, Patek Philippe, and Vacheron Constantin pieces, to name a few.
Real Estate
Gotti is reported to be involved in the real estate business. He has said he began buying homes early on in his career, fixing them up, and reselling them.
In June 2021, Yo Gotti paid $7.6 million for a fairly ridiculous mansion in Westlake Village, California. Set on 3 acres, the 10,000-square-foot home has six bedrooms, eight bathrooms, a tennis court, and an amazing infinity pool that overlooks a golf course. In September 2022, he listed the hillside estate for sale at $8.6 million.
Personal Life
Yo Gotti has been romantically linked to Angela Simmons, daughter of Joseph "Rev Run" Simmons of Run-DMC.
