Lil Yachty always knew he would be able to get rich with rap.

The artist took a blast to the past on Shannon Sharpe’s “Club Shay Shay” podcast. Before betting fully on his music dreams and dropping out of college in the process, he worked several job. His mother, a businesswoman, instilled in him the importance of education and working.

“My mother’s from a different time period than me as to where, like you know, her parents worked in steel mills, you know, and they instilled college in her. She’s from Gary, IN, so all she knew was a degree career,” he said on the podcast. “So, I’m like ‘I’m going to be rich off rap,’ and I’m from a little suburban area outside Atlanta (GA), where no one was famous, right. It was low to middle income. It was just regular, right. So, she’s like, ‘You got like a one-in-a-million chance.'”

At 15, Lil Yachty worked at McDonald’s as a cook, and a year later he spent a month working at Six Flags amusement park during its Fright Fest. He also altered people’s clothes to make money, charging between $10 to $20. At the same time, his mother lost her job while he was in high school.

“She wasn’t working, money was tight, yeah, so like I had to fend for myself,” he explained.
Upon graduating from high school, Lil Yachty broke the news to his mother that he wanted to move to New York in order pursue a career in rap. With just $20 in his pocket and an EBT card for welfare assistance, he wound up on his friend’s couch in Harlem for four months.
“I was just so broke,” he explained.

Lil Yachty decided to give the school route another go. While enrolled at Alabama State University for a short period in fall 2015, he released the single “1 Night” on Aug. 23, 2015, which became a hit. 

By November, he dropped out of school for good and the single peaked at No. 49 on the Billboard Hot 100 chart the following year, notes HotNewHipHop. 

“I was rich by March so it worked out,” he said.

At one point, Lil Yachty says he was rolling in the dough. By 18, he secured a deal with Quality Control, created by Kevin “Coach K” Lee (COO) and Pierre “P” Thomas. The label was later acquired by HYBE America in 2023 for a reported $320 million, as AFROTECH™ previously reported.
Lil Yachty spent $1.3 million in one week after signing to the label, making lavish purchases such as a Mercedes-Benz G wagon, Range Rover, and a Bentley.
“I was so hot. I was making so much money,” he said. “I spent that million in a week, but like I probably made it back in the next two weeks…. I didn’t even have a password to my bank account…. My mom was my business manager and she checked it, but I never checked my bank account. My cards never declined.”
Lil Yachty added, “I woke up for buying Bentley. I went and bought that Bentley. It was crazy bro. It didn’t really make any sense the way I was living, it was insane.”

Today, Lil Yachty is still benefiting from a great fortune, with a reported $25 million net worth.