Today we’re going to be talking rap, and we’re going to be talking money.
Because in today’s article we’re looking for Lil Wayne net worth and how exactly he made his money.
The music industry is renowned for playing incredibly well.
We’ve lost count of the number of famous musicians we’ve read about, and seen on the TV, flaunting their wealth, and why not?
They earned their money, they made it to the big time, so why not flaunt it?
Make no mistake about it, breaking through into the big leagues of the music industry is not easy.
In fact, some would say it is close to impossible.
That’s obviously not the case because new musicians are breaking through every single day, but it sure as heck isn’t easy.
Just ask Lil Wayne if it was easy.
Lil Wayne is now considered one of the most famous rappers in the world, despite not having been on top as a lot of the others in the game.
But what is Lil Wayne’s net worth, how did he make it to the top of the rap world, and where does his money actually come from.
All of that, and much more besides will soon become clear, as we share a few net worth facts with you.
Who Is Lil Wayne?
Starting as we mean to go on, the first thing we need to do is bring you up to speed with precisely who Lil Wayne actually is.
Lil Wayne, or as is his full name Dwayne Michael Carter Jr, is an Us singer, songwriter, rapper, and entrepreneur who is one of the best-known names in the world of rap.
He may have only really made it to the big leagues in the last decade, but he has been involved in the world of music for a very long time.
In fact, he has been involved in the music industry since the age of 12.
He was signed to Cash Money Records and was discovered by a birdman.
He has collaborated with some of the biggest names in the hip hop industry, including Eminem.
He has also had a number of successful singles over the last decade or so, including Lollipop, Got Money, and A Milli.
He has also released a number of albums, though it is his series of ‘Tha Carter’ albums that helped to really launch his career.
One of the main reasons why he is considered to be so successful is because he is constantly reinventing himself and his styles of music.
Not only has he covered hip hop and rap, but he has also released a rock-esque album entitled rebirth.
Before we can start to learn more about Lil Wayne’s net worth facts, we must first learn about how Lil Wayne got to where he currently is.
Dwayne Michael Carter Jr was born in New Orleans on September 27th, 1982.
Dwayne didn’t have the most stable upbringing.
His mother was still a teen when he was born, and just two years later, his father sadly abandoned him and his family.
Dwayne grew up in poverty, in one of the poorest neighborhoods in all of New Orleans.
He was born and raised in Hollygrove.
His mother worked part-time as a cook to try to make ends meet, but it’s safe to say that times were hard.
One of the reasons why Dwayne now goes by Wayne is because he dropped the ‘D’ due to the fact that his father was also called Dwayne, and he doesn’t want to be associated with him.
Lil Wayne found himself with a father figure when his mother married Reginald McDonald, who was better known as ‘Rabbit’.
Wayne has stated that his stepfather was more of a father figure than he could have ever wanted from his real father.
Sadly, Rabbit was shot and murdered before Lil Wayne became famous.
Lil Wayne actually has a tattoo dedicated to the Rabbit on his body.
As the years went by, Lil Wayne began expressing himself in an artistic and creative manner.
He enrolled in a drama club and began experimenting with music in his bedroom.
By the time he was 8 years old, he had written his very first rap song.
He was discovered by Birdman, who has stated that he considers Lil Wayne to be his unofficial son.
He soon met Bryn Williams, who was a rapper and the owner of Cash Money Records, who instantly saw huge potential in the youngster.
He began recording freestyle raps on Williams’ answering machine, and this soon enough, he was signed to the record label and became the youngest signing ever.
He collaborated with rapper B.G and recorded his very first collaboration album entitled True Story.
Despite this, he was clearly a troubled youth, and, aged just 12, he purposefully shot himself with a handgun and was taken to the hospital by an off-duty police officer.
He made a full recovery, and by 14, he’d dropped out of school with the hopes of making it big in the music world.
In 1997, Lil Wayne’s music career started to take shape.
He joined the group ‘the Hot Boys’ along with other rappers Turk, B.G, and Juvenile.
At the time, he was the youngest member of the group, aged just 14.
Over the next couple of years, the group released two albums, which reached number 1, and the top 5 of the Billboard top R&B/Hip Hop albums chart.
Lil Wayne was proving to be particularly popular.
When he was 17 years of age, Wayne released his very first solo album.
The Hot Boys made significant contributions to the album, which was entitled Tha Block is Hot.
The album was a hit, so much so in fact, that it earned him a Source Magazine nomination in 1999 for Best New Artist.
In 2000, many expected the follow-up album to prove even more successful, but this wasn’t to be.
The album failed to live up to expectations, and ‘Lights Out’ as it was called, was considered a flop, despite being certified gold by RIAA.
The main complaint of critics was that Wayne was simply rapping incoherently, rather than giving his lyrics meaning.
They considered this to be a sign that he was yet to mature enough to reach the big time.
In 2002, he released 500 Degreez, which was his third album.
This too failed to live up to the hype and expectations of his first album.
Making A Big Time:
So far, Lil Wayne’s net worth info would probably be useless, as he certainly wasn’t considered to be a big shot by any stretch of the imagination.
This all changed in the summer of 2004, though.
In the summer of 2004, Wayne released his fourth solo album, Tha Carter.
Critics complimented him on his vast improvements with both his rapping and his lyrics.
The album itself also grabbed the attention of critics, as Wayne was now sporting dreadlocks, which are now synonymous with the rapper.
In the US, the album sold over 878,000 copies, and his single ‘Go DJ’ made it into the top 5.
Now Lil Wayne was really on the map.
He was shortly featured in the Destiny’s Child song Soldier, along with rapper. T.I.
In December 2005, Lil Wayne released Tha Carter II, which proved to be even more popular than its predecessor.
In its first week, the hotly anticipated album sold 238,000 copies, after debuting at number 2 on the charts.
It would go on to break over 2 million copies worldwide.
‘Fireman’ which was the lead single, became a smash hit.
Lil Wayne was shortly after named the president of Cash Money Records.
Afterward, rather than another solo album, Lil Wayne collaborated with Birdman, for the album ‘Like Father, Like Son’.
He went on to release a wide selection of mixtapes, which gained a lot of media exposure, albeit not quite as much as Tha Carter II.
He released a few other low profile albums and tracks, and then appeared in a variety of hit singles with other musicians, despite not releasing anything of his own for two full years.
In 2008, Rolling Stone voted him as ‘Best Mc’.
Anticipation for a follow-up album was growing.
Tha Carter III was supposed to be released in 2007, but it had been delayed after a number of leaks.
In June of 2008, the album officially dropped and sold over 1 million copies in its very first week.
The lead single ‘lollipop’ became the rapper’s most successful single to date and was a smash hit in charts all over the world.
Now, Lil Wayne wasn’t just a star in the US, he was a star in the rest of the world as well.
It was his first number 1 single.
He won four Grammy awards for the album and the album became a two-time platinum album.
Lil Wayne announced that he’s re-released the album with new tracks, including one featuring a duet with Ludacris.
Now, the world couldn’t get enough of Lil Wayne, and he collaborated with stars such as Akon, The Game, T.I, T-Pain, and even Eminem.
How Does He Earn His Money?
Needless to say, when you’re a best-selling musician, with a two-time platinum album and countless smash hit singles and Grammy awards under your belt, you won’t be shy of a buck or two.
As we’re sharing some Lil Wayne net worth facts with you today, we should probably talk about how Lil Wayne makes his money.
Aside from royalties and album sales, Lil Wayne adds to his wealth in a number of ways.
To begin with, other titles he uses include Producer, songwriter, composer, and director.
Yep, director, as in, TV director.
Back in 2010, Lil Wayne was also a producer for the Drake TV documentary Drake: Better than Good Enough. He’s also produced other TV docs including Weezy Wednesdays.
Is That All?
Is that all? Pfft, not for a multi-millionaire rapper.
As well as what we just looked at, Lil Wayne keeps the green coming in thanks to various sponsorship deals, ads, and endorsements.
With deals with names such as Mountain Dew, Sprint, and Beats by Dre, you can imagine how much he’s earning.
He actually became a co-owner of music-streaming service Tidal, back in 2015, and actually released ‘Glory’ exclusively on the streaming service.
As if that wasn’t enough, he decided to try his hand at fashion and launched two clothing lines: Trukfit, and Young Money Clothing.
Lil Wayne Net Worth
So, precisely how much is this young rapper currently believed to be worth.
Well, while we don’t know exactly, according to credible sources, it is believed that Lil Wayne’s net worth is currently around $120 Million.
Though he earns a great deal of money from the other business ventures we just looked at, the majority of his income comes from his music.
He earns roughly $600,000 per show he puts on, so, as he performs at as many as 60 shows per year, you do the math.
At the peak of his popularity following the release of Tha Carter III, Lil Wayne’s Carter III tour earned him around $42 Million in just one year!
Lil Wayne has downplayed his wealth and has claimed that the $120 Million figure is vastly inflated, but we believe he’s being modest.
Either way, he’s certainly not shy or the odd buck or two.