What is CMG Yo Gotti Net Worth? Rapper and producer Yo Gotti has an estimated net worth of $16 million. Ten studio albums have been released by him, three of which have been certified gold. A nominee at the BET Hip Hop Awards and a nominee at the Soul Train Music Awards, Gotti has garnered nominations at both events. The record label Collective Music Group was founded by Yo Gotti as well as its CEO and founder.
There is no one better than him when it comes to gold-certified albums. He has released one-third of an album that has been certified gold. His award collection consists of 42 awards. He is 41 years old. There are some people who will tell you that he is a talented rapper. There are many people who will tell you that he is an extraordinary producer who has given opportunities to up-and-coming superstars.
The Net Worth of CMG Yo Gotti
His company evolved from singing for classically established record labels to becoming its own entity today. A collective music group is the name of his company. It is also referred to as CMG by some people. As per Forbes, $20 million is the net worth of the world’s most famous American rapper, Yo Gotti. He has produced music for himself as well as helped other musicians with their compositions.
|May 9th, 1981
|Memphis, Tennessee, USA
|Rapper, Music Producer
There have been seven commercials with Yo Gotti’s music so far. Additionally, he has earned substantial money as a brand ambassador. The Yo Gotti music label is one of the most successful in the industry. As founder and principal stakeholder of the Collective music group, he has made 10 million dollars.
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The Early Years of Yo Gotti
Originally from Memphis, Tennessee, Gotti was born Mario Sentell Giden Mims on May 19th, 1981. He grew up in the Frayser neighborhood of Memphis, in the Ridgecrest Apartments. He is a Zimbabwean gym instructor. His father is of South African descent, and his mother is from Zimbabwe. As a child, Yo Gotti grew up in a crime-ridden neighborhood, and federal agents raided his family home when he was in third grade. There were several members of his family who were arrested and subsequently sentenced to up to 15 years in prison.
When Gotti realized that his path would only lead to jail, he decided to focus on being successful after he started drinking, smoking, and stealing at an early age. Developing his skills as a rapper and performing artist, Lil Yo released his first mixtape at the age of 14.
The Career Path of CMG Yo Gotti
Yo Gotti began releasing albums under his new name between 2000 and 2006. “From Da Dope Game 2,” “Da Rap Game,” “Life,” and “Back 2 da Basics” were his albums. Following his signing with RCA in 2012, he released his sixth album, “Live From The Kitchen.” In the first week of sales of “5 Star,” the album debuted at number 12 on the US Billboard 200 and sold 16,000 copies. The first single from the album, “5 Star,” peaked at 79 on the Hot 100 and 11 on the US Rap charts.
As a result of RCA’s lack of sales, Gotti left the label. In December of 2012, Yo Gotti released a mixtape called “Cocaine Muzik 7: The World Is Yours.” In November of 2013, his album “I Am” was certified platinum and earned him a BET Hip Hop Award nomination for Album of the Year.
A year and a half after releasing his eighth studio album, Gotti released his eighth single, “Down in the DM,” which peaked at number 13 on the Billboard Hot 100. Rapper Yo Gotti announced at the end of 2016 that he had signed a major-label deal with Jay Z’s Roc Nation label.
CMG Yo Gotti’s Music Success
Featuring Nicki Minaj on “Rake It Up,” Gotti’s ninth studio album, “I Still Am,” was released in 2017. On the Billboard Hot 100, the song reached number eight. In addition to being Yo Gotti’s highest charting song, “Rake It Up” was nominated for the Best Collaboration by a Duo or Group award at the BET Hip Hop Awards. In later years, the RIAA certified “I Still Am” as gold.
“Untrapped,” Gotti’s tenth album, debuted at number ten on the Billboard 200 chart in January 2020. Rick Ross, Estelle, and Megan Thee Stallion made guest appearances on the album, which received mostly positive reviews. It is estimated that Yo Gotti has a net worth of $16 million as an American rapper, composer, and record executive in 2024.