Lil Baby Net Worth 2023
How much is Lil Baby Worth?
Lil Baby is one of, if not, the most renowned American rapper on the music scene. As of 2023, Lil Baby net worth is estimated at $5 million. While not as much as the bigger names in the music industry, keep in mind that he is only five years into the rap scene and has a promising career ahead of him.
Lil Baby quotes include:
- “I just save my money, man. I don’t even try to enjoy it like these other rappers; they having fun and they lit, but they gone be broke later on. I be saving, I be chilling. It feels good to know I got it, but it feel better to know I will keep it too.”
- “I’m changing every day as far as this rap thing. I’m learning new things. I’m getting bigger by the day.”
- “I just got an ear for the kind of things I like.”
|Current location||Atlanta, Georgia|
|Education||Booker T. Washington High School (drop out)|
|Source of Wealth||Music, Entrepreneur, Diversified Portfolio|
|Net worth||$5 million|
|Last updated||January 2023|
How much money does Lil Baby make?
Here is an overview and rough estimate of Moneybagg Yo yearly, monthly, weekly, daily, and hourly income. Please keep in mind that the amount of money that he earns is taxable; in which, he falls under the highest tax bracket. Thus, financial planning plays a key role in establishing both short and long-term goals along the path to building wealth.
- Yearly Income: $1.2 million
- Monthly Income: $100,000
- Weekly Income: $23,000
- Daily Income: $3,300
- Hourly Income: $137
How is Lil Baby so rich?
Lil Baby was able to get rich by developing multiple streams of income from his earnings as a top hip hop artist and entrepreneurial endeavors.
Who is Lil Baby? It is not unusual for successful rappers to have led troubled lives in the past, and Lil Baby is no different. Born Dominique Armani Jones on December 3, 1994 (age 28), in the West End suburb in Atlanta, Georgia, the area was a hotbed for criminal activity. The young Dominique would often see his neighbors get rich off petty crimes, and the fact that his father left the family while he was only two years old did not help matters.
Lil Baby attended Booker T. Washington High School, where he did not struggle with his studies but often got in trouble. As a result, he dropped out during his freshman days, eventually devoting his time to illicit activities.
While he did not show interest in academics, he did have a heart for music. The rise of gangsta rap in the late 1990s attracted him, but not enough to the point of pursuing a career as a rapper yet. For most of his early days, he hung out with his friends and sold or did illegal drugs. If not busy with such activities, he would trade blows with rival gangs.
Even when Lil Baby friends pursued active music careers, he remained stuck in a troubled life. All the years of leading such a life would climax in 2012 when police arrested him on possession of illegal drugs with intent to sell. When the rapper first lawyer urged him to take a plea bargain, he got another lawyer to get him into a one year probationary program.
That program would have worked if he had not gotten into a fight with a fellow prisoner who made racial comments. The court eventually changed Lil Baby sentence back to the original two year plan, which he specifically tried to avoid in the first place. He would also be charged with possession of marijuana and intent to sell in the following years, totaling around five years of incarceration.
Selling drugs may be lucrative, but getting at odds with the law every time was proving to be not so worthwhile for the artist. Shortly after his release, he decided to change his ways by getting into the rap genre. With the help of childhood friends Coach K and Pee, Lil Baby established Quality Control Music. Later that year, he founded his own record label known as 4 Pockets Full (4PF) in 2017.
The first step on this new path is to make his debut mixtape, which Lil Baby childhood friends had a hand in helping create. The result was Perfect Timing, released in April 2017, featuring five of the rap artist’s compositions and those of Gunna, Young Thug, Yogi Lonich, and others. It was here that the musician adopted the name Lil Baby, a callback to what their friends used to call him from years back.
Lil Baby would release a few more mixtapes for the rest of 2017, with Too Hard being the first to rank in the Billboard Top 200 (#80 overall, #33 in R&B/Hip Hop category). It was also the first of their mixtapes to get a Gold certification from the Record Industry Association of America (RIAA).
Lil Baby debut album in 2018, Harder Than Ever, marked an important milestone in his rap career. In the first week of its release alone, it earned a total of 90,000 album equivalent units (including 6,000 album sales), putting it in third place (second in R&B/Hip Hop category) at the Billboard Top 200. It later received a Platinum certification from the RIAA.
Also that year, the rapper released two mixtapes: Drip Harder and Street Gossip. These releases ranked way higher in the charts than Too Hard, securing fourth and second places overall, respectively. His second album, My Turn, in 2020 would top the charts and earn three Platinum certifications and a silver one from the British Phonographic Industry.
But if these works were enough to propel him into the American rap scene, one song would take Lil Baby further. The rapper’s purported magnum opus, The Bigger Picture, not only made a clear statement but is also believed to have challenged the traditions of American rap as a whole.
Released shortly after the murder of George Floyd, The Bigger Picture is less about Lil Babys troubled life (which has defined most of his works so far) and more about deep seated racism in America. The song earned accolades and praise from fans and critics alike, even receiving two Grammy nominations for Best Rap Performance and Best Rap Song.
Proceeds from the single went to various organizations, including the National Association of Black Journalists and the Black Lives Matter movement. In fact, Lil Baby was present at the largest of the statewide George Floyd protests in Atlanta.
Fans would argue that they have been talking about this topic for years, but the song was arguably the most apparent. The rap musician’s take on racism during an interview with Rolling Stone speaks for itself: “I feel like if you’re a black person and you treat all black people one way and all white people one way, you’re racist.”
Combined with his past successes, Lil Baby has risen far beyond his tumultuous beginnings. His life of using and selling illegal drugs is now mere verses, telling a story to hundreds of millions of listeners about the repercussions of crime. With The Bigger Picture, the consequences of letting the racial status quo go unchanged have been added to his growing topic list.
What lies ahead for Lil Baby beyond this single? It is reported that he has got three more mixtapes in the works, but there is little doubt about his success. Perhaps there is a clue to his future plans in a 2021 instagram post he made, where he declared that he reached a new financial milestone at 100 million. Given his current net worth, rapper Lil Baby is well on his to further increase his wealth and status quo.