Moneybagg Yo is a famous American songwriter and rapper. Moneybagg Yo’s net worth is estimated to be in the region of $7 million. The Memphis-born rapper rose to prominence after the release of his mixtapes, “Federal 3X” and “Heartless”, which peaked at the 5th and 6th position on the Billboard 200.
After the release of his third studio album, “Time Served” in 2020, Moneybagg Yo became a popular rap icon in the hip-hop industry. He managed to amass millions of people following him across popular social media networks.
Moneybagg Yo made his wealth from his successful music career, which has seen him make chart-topping singles, albums, and graced concerts, where he was handsomely paid to perform. In this article, we will be looking into the life, career, lifestyle, biography, and net worth of Moneybagg Yo.
|Full Name||Demario DeWayne White Jr.|
|Stage Name||Moneybagg Yo|
|Date of Birth||September 22, 1991|
|Age||32 Years (2023)|
|Place of Birth||Memphis, Tennessee, United States|
|Height||1.73m (5′ 8″)|
|Weight||80 kg or 176 lbs|
|Hair Color||Dark Brown|
|Education||Mitchell High School|
|Profession||Rapper and Songwriter|
|Father||DeMario DeWayne White Sr.|
|Ex-girlfriend||Ariana Ari Fletcher (m. 2020)|
|Net Worth||$8 Million|
Early Life and Biography
Moneybagg Yo was born “Demario DeWayne Jr.” on September 22, 1991, in South Memphis, Tennessee, United States. He was the oldest of three children and was raised his a single mom, Whitney White.
He attended East High School and eventually moved to Mitchel High School. He dropped out in 12th grade and never completed his high school education. Moneybagg Yo hasn’t shared much information about his early childhood, family background, and education but it is believed he grew up in the Walking Homes Community.
From the onset, Demario was interested in music from the onset. He enjoyed listening to classics from Drake, Future, and Yo Gotti and began working on his singing skills.
His desire to become like the popular artists he admired motivated him to work on his talent while hustling to make some money. His love and interest in music peaked after he made his first money as an artist ($2,500) from a concert performance.
Moneybagg Yo’s professional music career began in 2012 with the release of his debut mixtape titled “From Da Block 2 Da Booth.” The mixtape was released on April 16, 2012, under Bread Gang Entertainment. On October 6, 2012, he released his second mixtape “October 20th.”
His first two mixtapes didn’t reach expectations and failed to bring him the success he needed at that point in his career. He kept working hard to make his name known.
On February 3, 2014, he partnered with Slpy for the release of a mixtape “La Familia.” In 2015, he dropped two mixtapes “Relentless” and “Federal.” In January 2016, Moneybagg Yo released a modified version of a project, which was the first of the Federal series. The project featured several artists, including OG Boo Dirty, Y Grizzle, and Young Dolph.
In June 2016, Moneybagg Yo released the track “ELO (Everybody Lives On)” featuring Yo Gotti and Quavo, a popular American rapper, singer, songwriter, and producer. His collaborations with famous artists boosted in popularity and that was when his music began getting attention.
Moneybagg impressed Yo Gotti with the release of his mixtape entitled “All Has No Breaks.” Consequently, Yo Gotti offered him a record deal at his company, Collected Music Group (CMG). Moneybagg joined CMG in July 2016 and the tracks and projects he released after joining were distributed by the label.
Moneybagg Yo and Yo Gotti began working on a project, “2 Federal“, which was the second installment in the Federal mixtape series. The mixtape was eventually released on October 31, 2016, and it was a hit. The project featured guest appearances from Lil Durk and YFN Lucci.
The 2 Federal mixtape took Moneybagg’s music career to the heights as it peaked at #5 on the Billboard 200 while reaching number 48 on the Billboard’s chart of US Top R&B/Hip Hop Albums. Also, it sold thousands of copies, generating a total sales revenue of $30,000.
Moneybagg Yo won an award for the first time in his career after one of his 2016-released mixtapes won the Memphis Hip Hop Award in the Mixtape of the Year category.
On February 14, 2017, he released his eleventh mixtape titled “Heartless.” The project was released under Collective Music Group in partnership with Bred Gang Entertainment and N-Less Entertainment.
Some of the producers credited for the songs in the project include Zaytoven, Jreid, Tay Keith, TK on Da Beat, Track Gordy, TM88, and Karltin Bankz. The mixtape peaked at #181 on the US Billboard 200 chart.
Moneybagg Yo dropped the mixtape “Federal 3X” in 2017, the same year he released the Heartless mixtape. One of the album songs “Reckless” featured rapper YoungBoy Never Broke Again. The mixtape was a hit as it reached #5 on the US Billboard 200 chart and peaked at #4 on the U.S. Top R&B/Hip Hop Albums Chart. Moneybagg’s Federal 3X project generated over $30,000 in sales revenue.
Moneybagg Yo wasn’t ready to rest on his oars as he released another project the same year he released the Federal 3X mixtape. He released a joint mixtape with NBA YoungBoy dubbed “Fed Baby’s.”
The album was released and distributed under the following companies – Bread Gang Entertainment, N-Less Entertainment, Interscope Records, and Never Broke Again LLC. Feds Baby’s was a massive hit as it peaked at #21 on the Billboard 200 chart in the United States.
On the 1st day of January 2018, Moneybagg Yo released a compilation album titled “Moneybagg Yo Presents: NLess Ent x Bread Gang.” The next month, he released another mixtape “2 Heartless” as a follow-up to the 2017-released Heartless.
2 Heartless was released on February 14, 2018, and it featured guest appearances from Quavo, Lil Baby, Yo Gotti, and BlocBoy JB. Zaytoven and Southside are credited for the album’s production. The mixtape peaked at #16 on the US Billboard 200 chart and reached number #9 on Billboard’s Top R&B/Hip-Hop Albums in the United States.
In the same year, he released a nine-track mixtape entitled “Bet On Me” featuring vocals from Gunna, Lil Baby, and YoungBoy NBA. Drum God, Javar, and Tay Keith are some of the producers responsible for producing the album.
In November 2018, Moneybagg Yo released his first music album titled “Reset.” In May 2019, he dropped his second studio album tagged “43eva Heartless,” which was a massive success. The album performed well in the music market, generating over $40,000 in sales revenue.
That same year, he released his third studio album “Time Served,” which contained songs like “All Dat” and “U Played.” The album successfully sold 66,000 copies within the first week of release. The album was one of his chart-topping releases, as it reached number #3 on the US Billboard 200.
Moneybagg Yo’s third album album was certified Gold by RIAA, making it one of his highest-charting music albums to date. A deluxe edition of the album was released in May.
On June 30, 2020, he released the track “Said Sum,” which eventually became his highest-charting single as a lead artist.
On September 16, 2020, Moneybagg Yo and Blac Youngsta took to social media to announce they would be dropping their solo music albums on the same day – September 18, 2020. They also hinted at releasing a collaborative project titled “Code Red.” Moneybagg made a remix of his single “Said Sum” featuring famous American rapper DaBaby and hip-hop group City Girls. Said Sum (Remix) was included in the mixtape.
On April 23, 2021, Moneybagg Yo released his fourth music album “A Gangsta’s Pain.” The album featured famous artists such as Future, Polo G, Pharrell Williams, Lil Durk, Kaash Paige, Jhené Aiko, and Big 30.
The album eventually became his best-selling project as it debuted on the Billboard 200 chart with 110,000 sales. It also topped the charts in its third week.
Moneybagg released a standalone song titled “Rookie of the Year,” as a tribute to basketball star Ja Morant. In July 2022, he performed to tens of thousands of fans at the London Wireless Festival in his first international show headlined “Trap Taking Over The World Now.”
Moneybagg Yo has been involved in romances and relationships with several women in the past. He has been linked to dating popular rapper Megan Thee Stallion as they were spotted together on numerous occasions. But the relationship was short-lived and Megan confirmed they are no longer together.
In January 2020, he dated model and social media personality Ari Fletcher, who he gifted an expensive Lamborghini on her birthday. Like other previous relationships, their union didn’t last long as they broke up. They stopped posting each other’s photos and unfollowed themselves on Instagram after the breakup.
Moneybagg Yo has eight children from his previous relationships. He had his first child and became a father while in high school. The eight children are from four different mothers; four sons and four daughters.
In 2016, Moneybagg Yo was arrested on charges of drug and firearm possession. He was also alleged to have been involved in a shooting in New Jersey.
Moneybagg has millions of subscribers on his YouTube channel and gets tons of views on his uploaded videos, which makes him a lot of profit. Also, he had millions of followers across social media platforms like Instagram and Twitter.
Moneybagg Yo Houses, Cars, and Assets
Moneybagg is a wealthy rapper who owns many properties across America, most of which are in his hometown Memphis. The rapper purchased a 3,000-square-foot four-bedroom home in the U.S. for $1.2 million.
Furthermore, Moneybagg is a car lover. He owns several luxury cars such as the 2021 Dodge Durango Hellcat, Dodge Challenger Hellcat Redeye, Mercedes Maybach GLS 600, Corvette C8 Stingray, Mercedes AMG, Mercedes Maybach S680, Ford Mustang, Lamborghini Urus, Chevrolet Cruze, and more.
Moneybagg Yo Net Worth
Moneybagg Yo has a net worth of $8 million. The Memphis-born rapper built a large portion of his net worth from his music career, which consists of shows & concert performances, tours, song royalties, and album and mixtapes sales.
The rapper charged $2,500 as an upcoming act but now collects multiple times that amount. On two separate occasions in April 2021, he took to Twitter to disclose getting $125,000 and $200,000 for a show.
Moneybagg’s success is proof of his resilience and hard work. He has several mixtapes, albums, and music projects to his name, including collaborative album projects with other music artists.