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.