It's been a rough year for the rapper, but at least he has his millions of dollars to ease the pain. 39-year-old Yo Gotti has taken the No. 1 spot on People With Money’s top 10 highest-paid rappers for 2020 with an estimated $96 million in combined earnings.
UPDATE 14/08/2020 : This story seems to be false. (read more)
Yo Gotti tops annual list of highest-paid rappers
In 2018 it looked like the rapper’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Thursday (August 13) that Mims is the highest-paid rapper in the world, pulling in an astonishing $96 million between July 2019 and July 2020, a nearly $60 million lead over his closest competition.
People With Money’s factors
In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.
The American rapper has an estimated net worth of $275 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “Fat Mims Burger” chain) in Washington, a Football Team (the “Memphis Angels”), has launched his own brand of Vodka (Pure Wondermims - US), and is tackling the juniors market with a top-selling perfume (With Love from Mario) and a fashion line called “Yo Gotti Seduction”.
The ranking is significant for many Mario fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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