Lil Pump Net Worth (Money & Salary)

What Is Lil Pump’s Net Worth?

With a net worth of $12 million, Lil Pump is an American rapper and songwriter who has emerged as a key player in the SoundCloud rap movement. His rise to fame on SoundCloud came as he amassed millions of streams. Gazzy Garcia is Lil Pump’s real name, and he has also been referred to as Trapper of the Century.

Early Life

Born on August 17, 2000, in Miami, Florida, Lil Pump’s real name is Gazzy Garcia. His parents, both from Colombia, divorced when he was six years old. At the age of 13, his cousin Lil Ominous introduced him to Omar Pineiro, who is better known as Smokepurpp, and they became musical collaborators. Due to repeated expulsion from several school districts, Garcia found himself at an alternative high school, where he was later expelled in the tenth grade for fighting and inciting a riot.

Career

Lil Pump kickstarted his career after Smokepurpp produced a track that prompted him to freestyle on it. This debut single, titled “Lil Pump,” was released independently on SoundCloud in 2016. Following this, Garcia dropped singles like “Elementary,” “Ignorant,” “Gang Shit,” and “Drum$tick,” all of which surpassed three million streams each. His significant success on SoundCloud led to recognition within the underground rap scene of South Florida, characterized as “SoundCloud rap.” In 2016, he co-headlined the “No Jumper” tour and performed at the Rolling Loud Festival. The following year, Garcia saw major success with singles “D Rose” and “Boss,” which together amassed 70 million streams on SoundCloud. The popularity of “D Rose” resulted in a music video directed by Cole Bennett, known as Lyrical Lemonade, which was released on YouTube in January 2017 and garnered 145 million views by July 2018.

On June 9, 2017, Lil Pump signed a record deal with The Lights Global and Warner Records, right before turning 17. However, due to being a minor at the time of signing, his contract with Warner Bros. Records was voided in January 2018. In July 2017, Garcia took to Twitter to announce his upcoming album, originally scheduled for an August release, but it was postponed, leading to the release of the hit single “Gucci Gang,” marking his first entry on the “Billboard” Hot 100.

In 2017, Lil Pump released his eponymous debut mixtape, which achieved #2 rankings on the US Rap and US R&B/Hip-Hop charts, and #3 on the “Billboard” 200. His breakout single “Gucci Gang” peaked at #3 on both the US Rap and US R&B/Hip-Hop charts. The song received a gold certification from the RIAA on January 11, 2018, and later achieved triple platinum status by July 2018. On October 6, 2017, Garcia released his inaugural studio album, “Lil Pump,” featuring collaborations with Smokepurpp and other artists like Gucci Mane, Lil Yachty, Chief Keef, Rick Ross, and 2 Chainz. Additionally, he found success with popular tracks “Back” (featuring Lil Yachty) and “Iced Out” (featuring 2 Chainz).

In January 2018, Pump partnered with producer Carnage to release the track “I Shyne.” He re-signed with Tha Lights Global and Warner Records for $8 million in March 2018, and shortly after, in April, he released the single “Esskeetit,” which…

debuted and reached a peak position of #24 on the “Billboard” Hot 100. On May 24, 2018, he performed the single on “The Tonight Show with Jimmy Fallon.” That summer, Lil Pump released the single “Drug Addicts,” which included a music video featuring award-winning actor Charlie Sheen.

By the end of 2018, Pump had amassed over 11 million subscribers on YouTube and nearly two billion views on the platform. Additionally, he boasted over one billion streams on Spotify. His collaboration with Kanye West, “I Love It,” made its debut at #1 on the streaming songs chart on September 22, 2018, accumulating 46 million streams in just its first week and reaching #1 on the Canadian Hot 100. An announcement for a tour intended to promote his yet-to-be-released album “Harverd Dropout” came in August 2018, but it was unfortunately canceled a month later due to “unforeseen circumstances.”

In October 2018, Lil Pump released the single “Multi Millionaire,” featuring Lil Uzi Vert. February 2019 saw Garcia drop a song with Lil Wayne titled “Be Like Me” along with a corresponding music video. He performed this track on “Jimmy Kimmel Live!” on February 25, 2019. Just a few days earlier, on February 22, 2019, he released his second studio album, “Harverd Dropout,” which includes features from Kayne West, Lil Wayne, Smokepurpp, Lil Uzi Vert, 2 Chainz, Offset, Quavo, and YG.

On September 16, 2020, Pump shared a new single on SoundCloud titled “Life Like Me.” Following this release, he put out various SoundCloud exclusives and collaborations. In 2021, Lil Pump and producer Ronny J quietly launched a new album named “No Name,” but it did not gain traction due to a lack of marketing. The year 2023 marked the release of his studio album “Lil Pump 2.”

Personal Life

Lil Pump experiences dyslexia and has openly discussed his reading difficulties on social media.

In February 2018, Pump faced arrest for discharging a weapon in an inhabited area. His manager reported that three intruders were attempting to break into his home in the San Fernando Valley, leading to shots being fired into the door. Police later discovered that the bullet possibly originated from inside the home, prompting a search warrant that resulted in an unloaded handgun found beneath the balcony and ammunition located elsewhere in the house. Following this incident, Garcia’s mother was investigated for child endangerment and for having an unsecured firearm at their residence.

A few months after this event, Garcia was arrested for driving without a license in Miami. In October 2018, his manager revealed that the rapper had served time for a parole violation relating to the incident, although no additional information was provided. In December of the same year, Garcia was arrested in Copenhagen for marijuana possession after a performance at Vega. He was fined $700 and prohibited from re-entering the country for two years.

In 2021, the IRS placed a lien on Lil Pump’s Miami property due to $1.6 million in unpaid taxes. Shortly after, another lien was filed claiming he owed approximately $130 thousand for 2020 and over $141 thousand for 2021, summing his total unpaid tax bills to around $2 million.

In April 2022, Lil Pump announced on Instagram that his father, Fabio Garcia, had passed away. Then, in July 2023, Lil Pump declared his intention to retire from music to pursue a career as an astronaut.

Warner Brothers Contract

Lil Pump entered into a recording contract with Warner Brothers in March 2018, which included an advance of $8 million. Initially, the contract compensates the rapper with $9,000 in the first year, $12,000 in the second year, and $15,000 from the third to the seventh years. Those figures are accurate. Additionally, he has been allotted a 14% share of his royalties in the U.S., which is significantly above the standard rate. For certain sales formats, his royalty share can elevate to a remarkable 66%. It’s important to note that the $8 million advance indicates that Pump must first repay this amount before earning further income. Should the repayment not occur for any reason, securing another deal could prove to be quite challenging.

Real Estate

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