Lil Pump Net Worth

What Is Lil Pump's Net Worth?

Lil Pump is an American rapper and songwriter who has a net worth of $12 million. Lil Pump is a prominent member of the SoundCloud rap scene. He became popular on Soundcloud when he gained millions of streams. Lil Pump's real name is Gazzy Garcia and he has also gone by Trapper of the Century.

Early Life

Lil Pump was born Gazzy Garcia on August 17, 2000, in Miami, Florida. Garcia's parents are from Colombia, and they divorced when Pump was six years old. When Garcia was 13, his cousin Lil Ominous introduced him to Omar Pineiro, otherwise known as Smokepurpp, and the two became collaborators. The two were expelled from multiple school districts, and Garcia then enrolled in an alternative high school. However, he was expelled in the tenth grade for fighting and inciting a riot.

Career

Lil Pump's career began when Smokepurpp produced a track and asked him to freestyle over it. It was produced and released independently in 2016 on SoundCloud as his debut single entitled "Lil Pump." Garcia then followed up with the singles "Elementary," "Ignorant," "Gang Shit," and "Drum$tick." Each of these songs garnered over three million teams. His immense SoundCloud success earned him recognition within the South Florida underground rap scene in a style only known as "SoundCloud rap." In 2016, he co-headlined the "No Jumper" tour and performed at the Rolling Loud Festival. In 2017, Garcia released the singles "D Rose" and "Boss," which were major hits on SoundCloud and collected a combined 70 million streams. The popularity of "D Rose" led to a music video produced by Cole Bennett, also known as Lyrical Lemonade. The music video was released on YouTube in January 2017, and by July 2018, it had gained 145 million views.

On June 9, 2017, Lil Pump signed a record deal with The Lights Global and Warner Records, just two months shy of his 17th birthday. However, in January 2018 his contract was voided with Warner Bros. Records because he had been a minor at the time of signing. Garcia announced through Twitter in July 2017 that his album was in the works and would be released in August. However, it was pushed back, and instead, he released "Gucci Gang," which became his first "Billboard" Hot 100 entry.

Lil Pump's self-titled debut mixtape was released in 2017 and reached #2 on both the US Rap and US R&B/Hip-Hop charts and #3 on the "Billboard" 200 chart. His most successful single, "Gucci Gang," reached #3 on both the US Rap and US R&B/Hip-Hop charts. The song was certified gold by the RIA of America on January 11, 2018, and in July 2018, it was certified triple platinum. On October 6, 2017, Garcia released his debut studio album, "Lil Pump." The album features his pal Smokepurpp and rappers Gucci Mane, Lil Yachty, Chief Keef, Rick Ross, and 2 Chainz. Lil Pump has also had some success with the popular singles "Back" (featuring Lil Yachty) and "Iced Out" (featuring 2 Chainz).

In January 2018, Pump released "I Shyne" with producer Carnage. He re-signed with Tha Lights Global and Warner Records for $8 million in March 2018. The next month, he released the single "Esskeetit," which debuted and peaked at #24 on the "Billboard" Hot 100. He performed the single on "The Tonight Show with Jimmy Fallon" on May 24, 2018. That summer, Lil Pump released the single "Drug Addicts" along with a music video featuring award-winning actor Charlie Sheen.

By late 2018, Pump had more than 11 million subscribers on YouTube and a shade under two billion views on the website. He also had over one billion streams on Spotify. His song with Kanye West, "I Love It," debuted at #1 on the streaming songs chart on September 22, 2018. The song had 46 million streams in its first week alone and went straight to #1 on the Canadian Hot 100. He announced a tour in August 2018 to promote his not yet released album "Harverd Dropout," but the tour was canceled a month later due to "unforeseen circumstances."

In October 2018, Lil Pump released "Multi Millionaire" as a single featuring Lil Uzi Vert. In February 2019, Garcia released a song featuring Lil Wayne titled "Be Like Me" and a subsequent music video. Garcia performed the song on February 25, 2019, on "Jimmy Kimmel Live!" On February 22, 2019, he released his second studio album, "Harverd Dropout," which features Kayne West, Lil Wayne, Smokepurpp, Lil Uzi Vert, 2 Chainz, Offset, Quavo, and YG.

On September 16, 2020, Pump released a new single to SoundCloud, "Life Like Me." He followed this with various SoundCloud exclusives and collaborations, and then in 2021, Lil Pump and producer Ronny J silently released a new album called "No Name" that failed due to the lack of marketing. In 2023, he released the studio album "Lil Pump 2."

Personal Life

Lil Pump suffers from dyslexia and has stated on social media that he has difficulty reading.

Pump was arrested in February 2018 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 then found that the bullet may have come from inside the home and came back with a search warrant, subsequently finding 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. His manager announced in October 2018 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. Garcia was arrested in December that same year in Copenhagen for possession of marijuana following a performance in Vega. He was fined $700 and banned from entering the country for two years.

In 2021, the IRS filed a lien on Lil Pump's Miami home for $1.6 million in unpaid taxes. A few weeks later, another lien followed with the federal agency claiming he owes nearly $130 thousand for 2020 and more than $141 thousand for 2021, bringing his total in unpaid taxes to around $2 million.

In April 2022, Lil Pump took to Instagram to announce that his father, Fabio Garcia, had passed away. In July 2023, Lil Pump made the statement that he was retiring from music to become an astronaut.

Warner Brothers Contract

In March 2018, Lil Pump signed a recording contract with Warner Brothers that came with an $8 million advance. The contract then pays the rapper $9,000 in the first year, $12,000 in the second, and $15,000 in the third through seventh years. Those numbers are not typos. He also was given a 14% share of his royalties in the United States which is much higher than normal. And in some sales formats, the rapper will actually get 66% of his royalties. To be clear, an $8 million advance means that Pump can't earn any more money until his advance is paid back. And if the money is not paid back for some reason, it will be very difficult to get another deal.

Real Estate

In July 2019, Lil Pump paid $4.6 million for a 5,000-square-foot waterfront mansion in Miami Beach.