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.

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LOS ANGELES, CA - JUNE 29: Rapper Lil Wayne performs onstage during the BET AWARDS '14 at Nokia Theatre L.A. LIVE on June 29, 2014 in Los Angeles, California. (Photo by Kevin Winter/Getty Images for BET)
AUSTIN, TX - MARCH 13: Rapper Lil Wayne attends the 2014 mtvU Woodie Awards and Festival on March 13, 2014 in Austin, Texas. (Photo by Vivien Killilea/Getty Images for MTV)
LAS VEGAS, NV - AUGUST 31: Rapper Lil Wayne performs during the America's Most Wanted Music Festival at the MGM Grand Garden Arena on August 31, 2013 in Las Vegas, Nevada. (Photo by Ethan Miller/Getty Images)
CHARLOTTE, NC - FEBRUARY 27: Rapper lil Wayne attends at Label on February 27, 2015 in Charlotte, North Carolina. (Photo by Prince Williams/WireImage)
CAMDEN, NJ - AUGUST 21: Lil Wayne performs during Drake Vs Lil Wayne Tour at the Susquehanna Bank Center on August 21, 2014 in Camden, New Jersey. (Photo by Gilbert Carrasquillo/Getty Images)
INDIANAPOLIS, IN - JUNE 01: Dwayne Michael Carter Jr. known by his stage name Lil Wayne attends Game Six of the Eastern Conference Finals between the Miami Heat and the Indiana Pacers during the 2013 NBA Playoffs at Bankers Life Fieldhouse on June 1, 2013 in Indianapolis, Indiana. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Ronald Martinez/Getty Images)
NEW ORLEANS, LA - FEBRUARY 02: Rapper Lil Wayne attends DIRECTV'S Seventh Annual Celebrity Beach Bowl at DTV SuperFan Stadium at Mardi Gras World on February 2, 2013 in New Orleans, Louisiana. (Photo by Jason Merritt/Getty Images)
SAN FRANCISCO, CA - OCTOBER 21: Rapper Lil Wayne sings 'Take Me Out to the Ball Game' during the seventh inning as the San Francisco Giants take on the St. Louis Cardinals in Game Six of the National League Championship Series at AT&T Park on October 21, 2012 in San Francisco, California. (Photo by Ezra Shaw/Getty Images)
HOLLYWOOD, CA - SEPTEMBER 24: Lil Wayne celebrates his birthday party hosted by MADE and Dusse at Lure Nightclub on September 24, 2014 in Hollywood, California. (Photo by Araya Diaz/WireImage)
LOS ANGELES, CA - JUNE 29: Rapper Lil Wayne (L) and Reginae Carter attend the BET AWARDS '14 at Nokia Theatre L.A. LIVE on June 29, 2014 in Los Angeles, California. (Photo by Johnny Nunez/BET/Getty Images for BET)
EAST RUTHERFORD, NJ - JUNE 01: Lil Wayne performs in concert during Hot 97 Summer Jam 2014 at MetLife Stadium on June 1, 2014 in East Rutherford City. (Photo by Johnny Nunez/WireImage)
CHAMBLEE, GA - APRIL 27: Lil Wayne attends a party at Velvet Room on April 27, 2014 in Chamblee, Georgia. (Photo by Prince Williams/FilmMagic)
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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

Find Out: Grammy Nominees vs. Oscar Nominees — Who’s Richer?

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.

See Also: Kanye West’s Net Worth — Is He Almost a Billionaire?

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.  

Related: See Nicki Minaj’s Net Worth, Hip-Hop’s Highest-Paid Woman

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

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