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Lil Yachty Moved To New York With $20 In His Pocket To Pursue His Rap Dreams — Today He Has A Reported $25M Net Worth

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...

Feb 3, 2025

Lil Baby Says He Earned Over $100M From His Career But Didn’t Know He Needed To Pay Taxes The First 2 Years

Despite earning millions, Lil Baby did not pay taxes for his first two years in the music industry. The Atlanta, GA-born rapper, known for chart-topping hits like “Drip Too Hard” and “We Paid,” appeared on the “A Safe Place Podcast,” hosted by Yachty, and discussed the financial learning curve. While he acknowledged having some understanding of investing and saving, he was unaware of the importance of taxes when he first entered the industry. His debut album, released in 2018 under Quality Control Music, marked the beginning of his rise to stardom. “I done got over $100 million from labels and deals. Not one time nobody still haven’t told me how to pay my taxes. Nobody even never told me pay my taxes,” Lil Baby explained on the podcast. “I always knew from growing up, like from being around, I heard people have tax problems, people don’t pay their taxes. I was doing it so wrong, my first tax bills was so high ’cause I was on some hustling sh-t like saving all my money. The more...

Dec 20, 2024

After Acquiring Wu-Tang Clan's Rare Album For $4M, NFT Collective PleasrDAO Is Selling Access To It For $1

Wu-Tang Clan’s “Once Upon a Time in Shaolin” could have an earlier release date thanks to non-fungible token (NFT) collective PleasrDAO. In 2015, the legendary Hip-Hop group auctioned off only one physical copy of their seventh studio album, and former “pharma bro” Martin Shkreli reportedly bought it for $2 million, according to The New York Times. PleasrDAO then acquired the album for $4 million in 2021 from the U.S. government after Shkreli was convicted of securities fraud. Previously, Wu-Tang Clan’s sales contract with Shkreli stated that “Once Upon a Time in Shaolin” was prohibited from being publicly released until Oct. 8, 2103, which was 88 years into the future. However, the album isn’t as inaccessible now. The New York Times reports that on June 13, PleasrDAO started giving listeners access to a five-minute sampler of an encrypted digital version, an NFT, for $1 in addition to fees. The collective stated it was part of an experiment and posed the question: “Do people still...

Jun 18, 2024

Offset Files Lawsuit Against Quality Control, Claiming The Label Refuses To Honor His Deal As A Solo Act

Offset has allegedly filed a lawsuit to officially part ways with Quality Control (QC) following differences over his solo career, TMZ reports. Although Offset — born Kiari Kendrell Cephus — and his fellow group members Quavo and Takeoff have managed to dodge rumors regarding the official disbanding of the beloved Migos rap group, he is getting vocal about his rights as an individual artist. However, now he wants to part ways with the label that has been home to the Atlanta natives since the very beginning.

Aug 24, 2022

Quality Control Media Holdings Invests In SoundCloud As A Part Of Join Venture To Propel Emerging Artists

Quality Control (QC) is making moves. In a new partnership, Variety reports that SoundCloud will join forces with Solid Foundation, “the management and creative services arm of QC Media Holdings.” As a part of the partnership, too, Quality Control Media Holdings — founded by Quality Control Music founders Kevin “Coach K” Lee and Pierre “P” Thomas —  have also made an investment in SoundCloud. “Coach K and P are two of the most influential voices in music, having identified, developed and grown some of the most successful hip-hop acts of our time,” said Eliah Seton, president of SoundCloud, according to Variety. “With this deal, we’re bringing together SoundCloud, the largest A&R source on the planet, with the creative genius of Coach and P.” Quality Control will work alongside Soundcloud to invest in rising artists and help propel their careers by providing them with what they need to thrive. “With our years of ear-to-the-street skills coupled with SoundCloud’s endless stream of...

Feb 22, 2022