What is Lil Pump’s net worth
Lil Pump, an American rapper and songwriter, has a net worth of $12 million. He is a well-known member of the SoundCloud rap scene and first gained popularity on the platform with millions of streams. His real name is Gazzy Garcia and he has also been referred to as Trapper of the Century.
Early Life and Education
Lil Pump, whose real name is Gazzy Garcia, was born on August 17, 2000 in Miami, Florida. His parents are of Colombian descent and divorced when he was six years old. At the age of 13, he met Smokepurpp through his cousin Lil Ominous and they started working together. The two were expelled from several schools and Pump eventually enrolled in an alternative high school. However, he was expelled from there as well in the tenth grade due to his involvement in a fight and inciting a riot.
Lil Pump’s Career Highlights
Lil Pump began his career in 2016 with his debut single “Lil Pump” produced by Smokepurpp. He gained recognition in the South Florida underground rap scene with his SoundCloud hits such as “D Rose” and “Boss.” His self-titled debut mixtape and single “Gucci Gang” reached high on the Billboard charts. In 2018, he signed a new contract with Warner Records for $8 million and released his second studio album “Harverd Dropout” featuring collaborations with Kayne West, Lil Wayne, and more. Pump has also had success with singles such as “I Love It” with Kayne West and “Drug Addicts” featuring Charlie Sheen.
Lil Pump’s Legal Issues
Lil Pump suffers from dyslexia and has stated on social media that is unable to read.
In February 2018, Pump was arrested for discharging a weapon in an inhabited place. According to his manager, three men were attempting to break into his San Fernando Valley home before shooting into the door. Police found that the bullet may have come from inside the home and subsequently found an unloaded handgun below the balcony and ammunition elsewhere in the house. Garcia’s mother was then investigated for endangering a minor and having an unsecured firearm at the home.
A few months later, Garcia was arrested for driving without a license in Miami. In October 2018, his manager announced that the rapper had served a prison sentence for a violation of parole in connection with the incident but did not provide any further details.
In December 2018, Garcia was arrested in Copenhagen for possession of marijuana following a performance in Vega. He was fined $700 and banned from entering the country for two years.
Lil Pump’s Lucrative Recording Contract with Warner Brothers
In 2018, Lil Pump signed a recording contract with Warner Brothers that included an $8 million advance. However, he can’t earn any additional money until the advance is paid back. The contract pays him $9,000 in the first year, $12,000 in the second, and $15,000 in the third through seventh years. In addition, Lil Pump was given a 14% share of his royalties in the United States, which is higher than the industry standard. He will also receive 66% of his royalties in some sales formats. If he fails to pay back the advance, it will be challenging for him to secure another deal.
Lil Pump Buys $4.6 Million Mansion in Miami Beach
Rapper Lil Pump has purchased a 5,000 square-foot waterfront mansion in Miami Beach for $4.6 million in July 2019. The luxurious property is located in a prime location in Miami Beach, boasting breathtaking waterfront views.
