Lil Pump Is Inching Closer To Becoming A Millionaire According To Record Contract

BYAron A.21.3K Views
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Rapper Lil Pump performs in concert at Emo's on November 24, 2017 in Austin, Texas.
Reports say that at this rate, he'll be a millionaire in the near future.

Lil Pump's had a phenomenal year. As a kid who first got a bit of clout in the rap game off of a few Soundcloud songs, he's nearing his way to becoming a star in the rap world if he continues on the path he's on. While he's often criticized for his lack of lyricism, there's clearly a market for that. So much that he's allegedly inching closer to becoming a millionaire.

Lil Pump's recording contract with Warner Bros landed him a massive advance of $375, 000 for his debut album, TMZ reports. However, that number isn't including the fifteen percent he receives from royalties off his music. They say that based off some of his biggest hits, including "Gucci Gang," "Boss" and "D Rose," they say he'll be hitting another advance between $200K and $400K in addition to royalties off that project as well.

While the rapper is only on his first commercial project with Lil Pump Tape, they say if he continues to drop albums with a minimum of fourteen songs on them, by his fifth commercial release, he'll be receiving $500K. In addition to those, his show money plus merchandising is allegedly making some major bank as well. 

At this point, it's possible. Shortly after dropping his mixtape, he announced that he's working on another project. In addition, he and Lil Yachty have also confirmed that they're working on a joint project and have already previewed music off of it. At 17-years-old, he's definitely on his way to making major bank off of rap. 


About The Author
Aron A. is a features editor for HotNewHipHop. Beginning his tenure at HotNewHipHop in July 2017, he has comprehensively documented the biggest stories in the culture over the past few years. Throughout his time, Aron’s helped introduce a number of buzzing up-and-coming artists to our audience, identifying regional trends and highlighting hip-hop from across the globe. As a Canadian-based music journalist, he has also made a concerted effort to put spotlights on artists hailing from North of the border as part of Rise & Grind, the weekly interview series that he created and launched in 2021. Aron also broke a number of stories through his extensive interviews with beloved figures in the culture. These include industry vets (Quality Control co-founder Kevin "Coach K" Lee, Wayno Clark), definitive producers (DJ Paul, Hit-Boy, Zaytoven), cultural disruptors (Soulja Boy), lyrical heavyweights (Pusha T, Styles P, Danny Brown), cultural pioneers (Dapper Dan, Big Daddy Kane), and the next generation of stars (Lil Durk, Latto, Fivio Foreign, Denzel Curry). Aron also penned cover stories with the likes of Rick Ross, Central Cee, Moneybagg Yo, Vince Staples, and Bobby Shmurda.
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