Lil Wayne Net Worth
Lil Wayne Net Worth: $141,000,000
Sources: Young Money Entertainment, Cash Money Entertainment, Trukfit, Mountain Dew
Lil Wayne (also known as Dwayne Michael Carter, jr.) is a rapper, record producer, music executive, and fashion designer. He was born in New Orleans, Louisiana, and has a net worth of $141 million.
Despite his early start in music, Lil Wayne came to entrepreneurship later in life. An artist who has reportedly been writing songs since he was eight years old, his first major breakthrough was at age nine when he was signed to Cash Money Records as a member of rap duo The B.G.’z. Five years later, at age 15, Lil Wayne joined another young hip-hop group called the Hot Boys. Their biggest success came in 1999 with the album “Guerilla Warfare.” That same year, Lil Wayne also released his solo debut, “The Block is Hot,” which went platinum.
In the early 2000’s the Hot Boys officially disbanded, and the Cash Money label ran into financial trouble. Instead of giving up, however, Lil Wayne took his music underground and released a series of mix tapes. He also started his own label “Young Money” in 2003 as an imprint of “Cash Money.” The release of his mix tapes helped to pave the way for his next breakthrough album, “Tha Carter,” which was released in 2004. That year also saw Lil Wayne’s first major guest appearance, as a featured rapper on Destiny’s Child’s number three single “Soldier.” By 2005, Cash Money was on its feet again with Lil Wayne as President.
Over the years, Lil Wayne has worked hard to set himself apart from his initial reputation as a child star. This has involved the release of a number of successful studio albums, notably his four albums entitled “Tha Carter” I-IV. This success, however, was also matched with numerous arrests and incarcerations. In 2010, his album “I am Not a Human Being,” which was released while he was in prison on Riker’s Island, made Lil Wayne only the second artist since Tupac Shakur to have an album at number one on the Billboard 200 during incarceration.
Since then, Lil Wayne has continued to branch out, even releasing a rock record in 2010 called “Rebirth.” He has also recently begun to open up to other financial ventures. Here’s what he’s been up to lately:
Young Money / Cash Money
Lil Wayne managed Young Money from 2003 until 2007, when he handed control of the label over to Cortez Bryant. That year, Lil Wayne also stepped down as President of Cash Money. Two years later, Lil Wayne’s lifelong friend Mac Maine took over Young Money. Cash Money is now a subsidiary of Universal Music Group, and Young Money operates as an imprint of Cash Money. Lil Wayne still records for Young Money, along with other artists like Drake and Nicki Minaj.
Film and Television Appearances
In 2009, director Adam Bhala Lough made a feature-length documentary about Lil Wayne called “The Carter.” And despite Lil Wayne’s efforts to block the film after it’s release (most likely due to its depiction of his heavy recreational drug use), the film was featured at the Sundance festival in 2009, and went on to become a top seller on iTunes movie charts.
In addition, Lil Wayne has appeared in several other movies and television shows, although usually in minor roles. His biggest television appearance came in 2010 when he performed with Eminem on Saturday Night Live.
Lil Wayne launched his “Trukfit” clothing line in January, 2012. The line is heavily influenced by Lil Wayne’s love of skateboarding. It started out being sold only online, but is now available at Macy’s stores across the U.S.
Lil Wayne also appears to have found a creative and cost-effective medium to promote his clothing line: his own music. His latest raps contain numerous “Trukfit” references, and he even managed to mention the brand four times in one verse on his guest appearance on French Montana’s “Pop That.”
Lil Wayne partnered with Pepsi’s Mountain Dew in 2012. The campaign was officially launched at the South by Southwest (SXSW) Festival in Austin, Texas, on March 15th with a live performance by Lil Wayne. The “DEWeezy” campaign also includes advertisements, further promotional appearances, and even involved building a skate park in Lil’ Wayne’s hometown of New Orleans. The skate park, which Lil Wayne named “Trukstop,” opened on September 26th, 2012. Details of the agreement haven’t been publicly disclosed, but industry executives have reported that the deal is in the “multi-million dollar” range. It’s also the biggest deal in Mountain Dew’s history, and Lil Wayne’s first major endorsement.
It’s unclear what this artist will be up to next, but he appears to have several options on the table, including potential collaborations with Juels Santana, Tionne “T-Boz” Watkins, Lloyd, and the possible release of an R&B album. The next few years may see the last of Lil Wayne’s projects, however, as he has mentioned that he plans to retire at age 35.
As an entrepreneur, Lil Wayne seems to be coming later to the game than some, but he has started some major ventures in the past few years, and could well be on his way to the top of hip-hop’s moneymaking ranks. And, with no shortage of controversy along the way, Lil’ Wayne has managed to grow his empire into a $130 million powerhouse. Not bad for someone who basically started out as a novelty act.