Businesses of Yo Gotti, who is now worth $100 million

Abu Mubarik February 28, 2024
Yo Gotti disclosed that, since December 2023, he has been enrolled in classes at UCLA's Anderson School of Management, focusing on corporate valuation. Photo Credit: Instagram, Yo Gotti

Mario Sentell Giden Mims, better known as Yo Gotti, is an American rapper who has been in the music industry for decades and got his breakthrough with his 2016 album, The Art of the Hustle, which reached No. 4 on the Billboard 200 album chart.

The rapper, who never finished college, has built a massive empire worth $100 million, according to Forbes. In an interview, he revealed that he was inspired to pursue higher education by the way billionaire celebrity rapper Jay-Z has conducted himself over the years.

In the in-depth interview about his $100 million empire with Forbes, the 42-year-old musician disclosed that, since December 2023, he has been enrolled in classes at UCLA’s Anderson School of Management, focusing on corporate valuation as part of moves to grow his empire.

He stated, “I may want to buy a company or acquire another company. So I’m making sure I’m supertight—and understand the language and the verbiage myself other than listening to financial experts.”

He added, “If I never write another rap again, I’m financially straight. My whole career, I was setting up for that.”

Along the way of his music career, he ventured into entrepreneurship. Yo Gotti’s empire now includes multiple businesses. One of his major businesses is the record label Collective Music Group (CMG). Under CMG, he overseas a roster of talented artists, including Moneybagg Yo, GloRilla, and BlocBoy JB.

The 42-year-old also owns the restaurant Prive, which is located in his hometown of Memphis, TN, and holds a minority stake in the Major League Soccer team, D.C. United.

In addition to his businesses, he also has a collection of luxurious properties. The rapper owns a 10,000-square-foot Tuscan-style mansion just north of Malibu. Also, he has an impressive watch collection that he claims is worth about $10 million and includes timepieces by Patek Philippe, Rolex, and Vacheron Constantin.

What is more, he owns a fleet of luxury cars, including an armoured Hummer truck, a 2023 lime green Rolls-Royce Cullinan, and a Tesla Model S, a gift from his girlfriend, Angela Simmons, daughter of rap legend Joseph “Rev. Run” Simmons of Run-DMC, according to Forbes.

Yo Gotti credits his mother, Geraldine Mims, and aunts for his business success, saying that their finance education guided him in making smart decisions as he got older.

Last Edited by:Mildred Europa Taylor Updated: February 28, 2024

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