Lil Wayne's net worth about to soar with ‘Young Money’ legal win
How much Lil Wayne — born Dwayne Michael Carter Jr. — is worth and how much money he has admitted to having are two separate figures. His net worth is purported to be $150 million, according to Celebrity Net Worth, which constitutes an estimation of all of his assets, but Wayne has said in an interview with AllHipHop.com that his actual fortune — or at least his bank account balance — is nowhere near that amount.
Lil Wayne Earns Over $600K per Show
Despite downplaying his net worth, the bulk of Wayne’s fortune is amassed from his music and touring. The artist has earned $21 million from sales of dozens of releases, including compilation albums, EPs and mixtapes. He’s rumored to command over $600,000 per show and performs up to 50 shows annually. From 2008 to 2009, Wayne’s “Tha Carter III” tour earned an estimated $42 million, as reported by Heavy.
Lil Wayne’s career at a glance:
- No. 1 albums: seven
- Billboard Hot 100 appearances: 138
- Albums sold: 17.2 million in the U.S.
- Grammy awards: five
- Grammy nominations: 24
It remains to be seen how much “Tha Carter V” will contribute to Wayne’s net worth, but based on sales of previous installments, his latest album is primed to pull in over $4 million.
More fast facts about Lil Wayne:
- Given name: Dwayne Michael Carter Jr.
- Date of birth: Sept. 27, 1982
- Hometowns: New Orleans, Los Angeles
- Estimated net worth: $150 million
- Occupation: rapper, producer, music executive, entrepreneur
Lil Wayne Has Business Ventures With Jay-Z, Neiman Marcus
In recent years, Wayne’s business ventures have transcended music. He has inked endorsement deals with Sprint and Beats by Dre. In 2015, he partnered with fellow rap moguls Jay-Z and Kanye West and Jack White formerly of The White Stripes as a co-owner of music streaming service Tidal.
In 2012, Wayne launched his successful clothing brand, TRUKFIT, that is emblematic of street style and skateboarding culture. In 2017, he started promotional work endorsing Bumbu Rum, and he also has done an apparel collaboration with Neiman Marcus:
Lil Wayne’s Lavish Spending on Luxury Cars, Art and Property
The rapper has a penchant for the finer things in life, namely luxury items. His automotive fleet, for example, includes:
- A $1.7 million Bugatti Veyron
- A $500,000 Rolls Royce Phantom Drophead Coupe
- A $300,000 Aston Martin V12 Vanquish
- A $300,000 Bentley Mulsanne
He doesn’t limit his lavish spending to cars, though — his real estate portfolio includes a 10,000-square-foot New Orleans mansion and another residence worth $1.7 million. He recently sold a $10 million Miami mansion that included a skate park, shark lagoon and glass elevator. Wayne is also a patron of the arts with an art collection worth over $30 million.
Lil Wayne has said he values his creative freedom especially highly, though, which was reportedly part of what drove the lawsuit he won against Cash Money over the Young Money record label and “Tha Carter V.” Rolling Stone reported on his 2014 tweets in which he said he was a “prisoner” to the Cash Money label team creatively and financially, and he released the “Sorry 4 the Wait” mixtape and continued to perform shows while trying to get himself and “Tha Carter V” out from under Cash Money.
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This article originally appeared on GOBankingRates.com: Lil Wayne Net Worth About to Soar With ‘Young Money’ Legal Win