Lil Pump Net Worth
Lil Pump net worth: Lil Pump is an American rapper and songwriter who has a net worth of $8 million. Lil Pump was born in Miami, Florida in August 2000. He became popular on Soundcloud when he gained millions of streams. 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 #5 on both the US Rap and US R&B/Hip-Hop charts. Lil Pump has also had some success with the popular singles "Boss", "D Rose", "Back" (featuring Lil Yachty), and "Iced Out" (featuring 2 Chainz). His debut mixtape also featured Smokepurpp, Gucci Mane, Chief Keef, and Rick Ross. Lil Pump is good friends with rapper Smokepurpp and the pair co-headlined the No Jumper tour in 2016. Lil Pump's real name is Gazzy Garcia and he has also gone by Trapper of the Century. As of September 2018, Pump had more than 11 million subscribers on YouTube, and a shade under 2 billion views on YouTube. He has 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.
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 $9000 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.