ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NET WORTH

Lil Pump Might Be Leaving Rap to Become an Astronaut, But His Net Worth Is Thanks to His Music Sales

His primary source of income is from the contract he signed with Tha Lights Global and Warner Bros as well as from record labels and music companies.
PUBLISHED AUG 21, 2023
Cover Image Source: Getty Images | Christopher Polk
Cover Image Source: Getty Images | Christopher Polk
Name Lil Pump
Net Worth $12-$14 million 
Salary $80,000+
Annual income $1 million +
Sources of income Music
DOB 17 August 2000
Age 23 
Gender Male
Nationality American
Profession Rapper

Gazzy Garcia, popularly known by his stage name Lil Pump, is an American rapper and songwriter. He has an estimated net worth of $12-$14 million as of 2023. The rapper rose to fame due to his popularity on the streaming platform SoundCloud. He has gained millions of streams and signed a multimillion-dollar contract with Warner Bros. In July 2023, Pump announced on social media saying that he was retiring from music to become an astronaut.


 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

A post shared by VladTV (@vladtv)


 

Prior to that, Pump found himself in hot water due to financial troubles. The 23-year-old rapper was hit by two liens from the IRS (Internal Revenue Service) for almost $2 million in unpaid taxes.



 

Pump’s primary source of income is from the contract he signed with Tha Lights Global and Warner Bros and from record labels and music companies for which he releases songs. On June 9, 2017, the young rapper signed a record deal with Tha Lights Global and Warner Records, just two months ahead of his 17th birthday and since he was a minor at the time of signing, his contract was later voided in 2018.

However, he soon resigned from the contract with The Lights Global and signed with Warner Bros in March 2018 with a $8 million advance. The contract pays Pump $9,000 in the first year, $12,000 in the second and $15,000 from the third to the seventh year. On March 17, 2023, Pump made a partnership deal with SoundCloud and released his first full-length solo album in four years, “Lil Pump 2”.

Getty Images | Photo by Tabatha Fireman
Tabatha Fireman/Getty Images

Lil Pump owns a massive 5,000-square-foot mansion in Miami Beach. The $4.6 million two-storeyed waterfront mansion features a waterfront patio, a swimming pool, a spa and a boating dock near a 53-foot strip of water, as per XXL Mag.



 

2023 $14 Million
2022 $13 Million
2021 $12 Million
2020 $11 Million
2019 $10 Million
Instagram 14.5 million
Facebook 5.2 million
Youtube 17.7 million
SoundCloud 1.41 million

Lil Pump had revealed that he suffers from dyslexia and has had difficulty reading. He has been arrested on several occasions as well. He was arrested in 2018 for discharging a weapon in an inhabited place and he was arrested again for driving without a license in Miami in the same year. He also served a sentence in prison for violating his parole in 2018. Towards the end of 2018, he was arrested in Copenhagen for possession of marijuana following a performance in Vega, for which he was fined $700 and banned from entering the country for two years, as per Celebrity Net Worth. 

More recently in 2021, the IRS filed two liens on Lil Pump, one for his Miami home for $1.6 million in unpaid taxes, another for nearly $130 thousand of unpaid taxes for 2020 and more than $141 thousand for 2021. This brings his total unpaid taxes to around $2 million.

What is the net worth of Lil Pump?

Lil Pump's estimated net worth is between $12 million to $14 million.

How old is Lil Pump?

Born on 17 August 2000, Lil Pump is currently 23 years old.

Does Lil Pump have kids?

In 2020, Lil Pump said on social media that he is the father of a little boy, without revealing any further details.

Did Lil Pump get accepted to Harvard?

Despite rumors and claims, it has been confirmed that Lil Pump never went to Harvard.

MORE ON MARKET REALIST
The legendary lead vocalist of the celebrated rock band U2 has built a vast empire and is now the second richest rockstar on the planet.
4 days ago
Trump's impressive car collection includes McLaren Mercedes SLR, Rolls-Royce, and even an exclusive Cadillac.
Sep 27, 2024
The nursing student from Georgia found his trading account balance rise to a whopping $1,309,245,148,628.7
Sep 26, 2024
Nicholas Puech, who owned a 5.7% stake in the luxury brand, has claimed he has nothing left in bank.
Sep 25, 2024
Is it surprising that the billionaire isn't a frequent shopper at the grocery store?
Aug 31, 2024
The pay gap led to her passing over the role and it ultimately went to a newcomer.
Aug 20, 2024
American businessman Charles Francis Feeney was called the "James Bond of Philanthropy" by Forbes.
Aug 14, 2024
Swift's partner Travis Kelce is estimated to be worth $70 million and the cat is richer than him
Aug 5, 2024
He spent his teenage years earning just $1 per hour by offering tourist tours
May 14, 2024
The rapper earns primarily from album and mixtape sales, endorsements, concerts, tours, live performances, and shows.
May 3, 2024
From real estate mavens and fashion PR queens to content creators and resilient entrepreneurs, these women bring a diverse range of experiences to RHONY.
Apr 27, 2024
For two years, soaring inflation eroded most workers' wage gains but recent data from the Bureau of Labor Statistics suggests that the tide is turning.
Apr 7, 2024
From global show to international tours, delve into the singing maestro Taylor Henderson's net worth
Apr 7, 2024
Today, many artists don't limit themselves to one art form but expand by launching their fashion lines or tieing up with charitable organizations
Mar 24, 2024
Take a look at how the financial maestro Carlos Slim Helubuild himself and his generations a legacy
Mar 24, 2024
These changes represent significant adjustments to the program, impacting millions of recipients across the United States.
Mar 16, 2024
Corporate brands usually rely on popular software to smooth operations but major software malfunctions have also spelled disaster for companies and consumers.
Mar 10, 2024
The scammers went to great lengths to make their scheme convincing, even going as far as creating a fake SpaceX YouTube channel with 180,000 subscribers
Mar 10, 2024
Leveraging technology to take on small jobs and tasks can help you earn extra cash quickly.
Mar 5, 2024