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Yo Gotti Net Worth, Music, Early Life

How did Yo Gotti go from a kid on the streets of Memphis, Tennessee, to a role model today? We're here to tell you how and why Yo Gotti has his massive net worth.

Yo Gotti
Net Worth $25 million
Source Of WealthMusic
Born19th May 1981
Birth NameMario Sentell Giden Mims
Height5ft 7in (170cm)

Those interested in finance often study CEOs, tech moguls, and other businesspeople to accumulate and keep wealth. However, nobody hustles harder for money than those in the music industry - and Southern American rapper Yo Gotti is no exception.

Yo Gotti's hard work and dedication throughout his life led him to the impressive net worth he has today.

Early Life

Yo Gotti was born Mario Sentell Giden Mims on May 19, 1981, in Memphis, Tennessee. He was raised in Ridge Crest Apartments in Frayser, a neighborhood in North Memphis. Yo Gotti has self-described as being born to a "family of hustlers" where his mother and older brother were also on the streets while his father was in jail.

Yo Gotti's mother, Geraldine "Gerry" Mims, often "boosted" or stole goods as well as sold drugs to make ends meet. According to her interview in Yo Gotti's documentary Born Hustler, Mario would often stand up to authorities to protect his mother. She remarked, "While other kids liked to play with play money, Mario always wanted the real money."

Young Mario expressed an interest in music and beat-making at a young age. In his documentary, his aunt commented on his penchant for constant drumming with his hands.

Gotti started his music career at a mere 14 years old. This is when he chose his first stage name, 'Lil Yo.' He recorded his first underground cassette called 'Youngsta On a Come Up' with the 'Crime Lordz Records' label in 1996.

Career Beginnings

Yo Gotti's first cassette Youngsta On a Come Up solidified the 14-year-old's legacy in Memphis rap. He sold the record in mom-and-pop record shops, as well as selling copies out of his own trunk. The cassette's gangsta rap style and dark atmosphere were popular among Memphis natives.

He released his sophomore effort titled From da Dope Game 2 da Rap Game on October 17, 2000. The independent record turned Yo Gotti into a national hip-hop star. It earned him a spot on the cover of Murderdog Magazine and put him on its list of top independent records in 2000.

After From da Dope Game 2 da Rap Game he released the independent record Self-Explanatory in 2001. Then came his major label debut with TVT Records. Together they released his fourth studio album Life on May 13, 2003. The critically-acclaimed album received no major promotions, yet still sold around 50,000 units, a respectable number for an independent release.

His fifth studio album titled Back 2 da Basics was his second and final album released with TVT Records on May 26, 2006. The record marked his first collaborations with Lil Wayne and Birdman. It contained the same underground gangsta rap style as his previous albums, which was meant to garner respect from his fans who were initially drawn to his original style.

Career from 2006-2012

Though his first five albums were successful in the underground rap scene, Gotti didn't receive mainstream success until his sixth album, Live From the Kitchen. It was released with Polo Grounds Records with RCA Records as its distributor on January 10, 2012. Live From the Kitchen received mixed reviews from critics.

The record label released promotional singles for the album three years before its release. Its first and most successful single "5 Star" peaked at #79 on the United States Billboard Hot 100. The remix features vocals from guests Nicki Minaj, Gucci Mane, and Trina.

Its second promotional single called "Women Lie, Men Lie" featured Lil Wayne. It was released on December 11, 2009, and peaked at #81 on the Billboard Hot 100 chart.

Gotti released two other singles to support the album titled "We Can Get it On" and "Single." The former peaked at 31 and 22 on the Hot R&B/Hip-Hop Songs and Hot Rap Songs, respectively. The latter peaked at number 75 on the Hot R&B/Hip-Hop Songs chart.

2013 to Today

Yo Gotti released his sixth studio album I Am on November 19, 2013. It had three singles, "Act Right," "King Shit," and "Cold Blood." His I Am tour ran from September to November 2013.

Yo Gotti released his eighth studio album The Art of the Hustle in February 2016. It peaked at #4 on the Billboard 200. Its lead single "Down in the DM," with a remix featuring Nicki Minaj, peaked at #13.

Then in 2017 Gotti released a mixtape with Mike Will Made It, called Gotti Made-It. His song "Rake It Up" featuring Nicki Minaj made it to the #8 spot on the Billboard Hot 100. He also included the song on his next album, I Still Am, also released in 2017.

In January 2020, his tenth album Untrapped featured Megan Thee Stallion, Rick Ross, Lil Uzi Vert, Ty Dolla $ign, and Moneybagg Yo, along with many other rappers.

Finally, his latest studio album was released in February 2022. The double-disc album CM10: Free Game featured performances from rappers 42 Dugg, Kodak Black, Moneybagg Yo, and DaBaby. It debuted at #3 on the Billboard 200 albums chart.

Collective Music Group

Yo Gotti founded Collective Music Group under the guidance of American rapper, Birdman, who is signed to Cash Money Records. Cash Money Records is one of the most successful rap labels in the music industry, signing artists like Drake, Lil Wayne, and Nicki Minaj. Under Birdman's mentorship, Collective Music Group (or CMG) has also become successful, turning independent artists into household names.

Collective Music Group started as Inevitable Entertainment and eventually became Cocaine Muzic Group. With advice from 50 Cent, Gotti changed the abbreviation CMG to Collective Music Group, a nod to the concept of strength within numbers.

The group's first release was Yo Gotti's own album, I Am, in 2013. The first single from this record, "Act Right," reached #100 on the Hot 100.

In 2014, the label released a collective project with Wave Chappelle, Zed Zilla, and Snootie Wild. Since then, Yo Gotti has signed many up-and-coming rappers with CMG, including Blac Youngsta, Moneybagg Yo, 42 Dugg, Mozzy, EST Gee, and BlocBoy JB.

In 2022, Gotti signed his first female artist to CMG, Lehla Samia. Though CMG is a hip-hop label, Samia is an R&B artist. Despite questions about her signing, Gotti gives the same media training to her as he does with any of his rappers, staying invested in her success as a unique artist.

Yo Gotti recognizes the importance of learning from the greats, as well as being a mentor to new artists. In an interview with Billboard, Gotti said, "Seeing Moneybagg perform at an award show, Blac Youngsta building houses, that’s a different feeling for me — to know I play any part in that story. And money can’t buy that.”

Philanthropy

On top of his successful music career, Yo Gotti supports social justice and equality movements.

Most recently, he, alongside Jay-Z and his social justice division Team ROC, filed a lawsuit on behalf of the prisoners at Mississippi Parchman Penitentiary and its healthcare provider Centene. The United States Justice Department confirmed that the prisoners suffered inhumane treatment at the prison, including lack of food, healthcare, and clean water. The prison is infested with rats and has human fecal matter in the water supply.

It was the rappers' involvement that led to the investigation that revealed these facts. The two, alongside Team ROC, were able to secure legal support for over 200 inmates in the prison. They have also held rallies to support this cause and bring awareness to this issue as well as prison reform as a whole.

Relationships

Yo Gotti is relatively private about his relationship status so not much is known about his dating history.

It is said he has been previously married to a woman named Lakeisha Mims though when they started dating and for how long is unclear. The pair have three children together - two daughters and one son. Gotti has not made their names known to the public.

The popular rapper has also allegedly dated Jamie Mosses. The two possibly have three children together, though he has never confirmed nor denied this claim.

Yo Gotti began dating Yaya Sandoval, owner of the beauty company Boom Glam, in 2020. Sandoval previously dated boxer Floyd Mayweather and Gervonta Davis.

Gotti and Sandoval have posted about their relationship on Instagram. Most recently, the two took a vacation to Mexico and celebrated Mims' 40th birthday together.

Net Worth

Yo Gotti's net worth is approximately $25 million. His net worth comes from his career as a rapper and music producer, as well as his various assets such as real estate, vehicles, and brand deals. His dedication to "hustling" and various investments have led to his great success in the music industry as well as many other ventures.

Real Estate

Yo Gotti owns a Tuscan-style mansion in Westlake Village in Los Angeles. He purchased the property from Bruce Kanter, former CFO of Westwood One, for $7.6 million. The mansion is over 10,000 square feet with three acres of space surrounding the property.

The Westlake Village mansion has 6 bedrooms, all with bathrooms attached. It also contains a large foyer with a skylight, as well as formal dining and living rooms. Outside, it includes a wraparound porch, children's playground, and a large swimming pool - well worth the millions the rapper has paid for it.

Automobiles

Gotti is passionate about owning vehicles and has an extensive collection of them.

The American rapper likes Rolls-Royce vehicles, of which he owns a custom Rolls-Royce Cullinan, worth $330,000, the Lamborghini Urus, worth $200,000, and the Ferrari F8, worth $328,000. He also owns an eighth-generation Rolls-Royce Phantom. For his birthday this year in 2022, he spent $1.2 million on two matching Rolls-Royces.

He also owns a Mercedes Maybach S650, which costs around $198,000, a Corvette Stingray estimated at $60,000, and a Bentley Continental GT V8 Coupe, worth $222,700.

Brand Deals

Yo Gotti has been the brand ambassador for Puma since 2017. He has been involved in a footwear collaboration for the GV Special, a shoe that debuted in the 1980s. His shoe comes in black, as well as white with blue or red stripes.

Fun Facts About Yo Gotti

  1. His favorite sport is soccer, and his favorite soccer team is DC United, which is based in Washington DC. He became the co-owner of the soccer club in 2021.
  2. Yo Gotti can't sleep without a box fan. He uses it to sleep during any season.
  3. His favorite subject in school was math.
  4. He is a foodie and maintains a strict workout schedule so he is able to eat what he wants when he wants.
  5. The last job the popular rapper ever had was washing cars. He worked in the wintertime and quit after 16 hours because the bucket of water was so cold that his hands froze over.
  6. Due to his popularity, Yo Gotti is banned from visiting his neighborhood of Frayser in North Memphis.
  7. His stage name comes from the late American gangster John Gotti. He chose the name to associate himself with power and prestige.

It is no secret that Yo Gotti has worked his way up the ranks in the music industry to be the millionaire he is today despite his tumultuous upbringing. The rapper and his records have cemented him in rap history as one of the greatest of all time.

If you want to learn about other celebrities and their net worths, keep browsing Classical Finance. We have the latest updates on growing your wealth and keeping it, just like rappers like Yo Gotti and Kanye West.

Our net worths are for entertainment purposes only. We do our best to provide accurate figures, but we cannot guarantee their accuracy. The figures are based on public information and estimates, and may not reflect the true value of assets or liabilities.

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