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Who is Moneybagg Yo?
Born on 22nd September 1991, Demario DeWayne White is better known by his stage name, Moneybagg Yo. He is a renowned American rapper and songwriter who has made a name for himself in the music industry. Moneybagg Yo signed with Yo Gotti’s label, Collective Music Group, in late 2016, as well as N-Less Entertainment and his own label, Bread Gang Music. His first two projects, Federal 3X and 2 Heartless, ranked in the top 5 and 16th positions on the US Billboard 200 respectively. His highest-charting project to date is Time Served, which reached No. 3 on the Billboard charts.
Early Life
Little information is available about Moneybagg Yo’s family background, early life, and education. He attended a local high school in Tennessee, where he was raised. He released his first mixtapes in 2012, starting with The Da Block 2 Da Booth. Moneybagg Yo began dating entrepreneur Ariana “Ari” Fletcher in January 2020.
Career
Moneybagg Yo’s passion for music led him to work tirelessly in the industry. In 2016, he released three successful songs, one of which won the Memphis Hip Hop Award for Mixtape of The Year. Nationwide Reloaded, a revamped version of the early Federal series albums, featured guest appearances from Young Dolph, Y Grizzle, and OG Boo Dirty, among others.
In 2017, Moneybagg released Federal 3X, his first project since signing a distribution deal. The mixtape includes a single feature from YoungBoy Never Broke Again. He also collaborated with artists like Lucci and Lil Durk on his mixtape, which reached the 177th position on the Billboard 200.
Personal Life
Moneybagg Yo was born on 22nd September 1991 in Tennessee, where he was raised. He released his first mixtapes in 2012, starting with The Da Block 2 Da Booth.
Relationships
Moneybagg Yo briefly dated Megan Thee Stallion in 2019, and she even appeared on his single “All Dat.” As of 2020, he is dating Ariana Fletcher. He is the father of seven children.
Net Worth
Moneybagg Yo’s estimated net worth of $6 million in 2023 can be attributed to several factors that have contributed to his financial success.
- Successful music career: Moneybagg Yo has released numerous popular mixtapes and albums, such as Federal 3X, Heartless, and Time Served. These projects have helped him gain prominence in the music industry and generate revenue through album sales and digital downloads.
- Revenue from streaming platforms: With the rise of digital streaming platforms like Spotify, Apple Music, and YouTube, artists like Moneybagg Yo can earn income based on the number of streams their songs receive. His millions of subscribers and followers on these platforms contribute to a steady stream of revenue.
- Concert performances: Live concerts and tours are significant sources of income for musicians. Moneybagg Yo’s popularity has allowed him to command high fees for performances, with the rapper himself tweeting that he charges around $200,000 per show (as of April 2021).
- Merchandising: Moneybagg Yo has capitalized on his popularity by launching his merch line, SHOPMBY. This venture allows him to earn additional income by selling branded clothing, accessories, and other items to his fans.
- Real estate investments: Alongside fellow rapper Yo Gotti, Moneybagg Yo has invested in real estate properties. These investments can generate income through rental properties or appreciate in value over time, contributing to his overall net worth.
- Social media following: A large social media presence, such as Moneybagg Yo’s 7 million Instagram followers and 2.9 million YouTube subscribers, can lead to lucrative endorsement deals and promotional opportunities. Brands are often willing to pay substantial fees for influencers and celebrities to promote their products, resulting in additional income.
