Home » Business » Lil Durk Net Worth

Lil Durk Net Worth

Calculating celebrity net worth numbers online is fraught with difficulties. How much people make is not common knowledge nor in the public arena. So it can be a complicated process to figure it out. 

Modern-day rappers like Lil Durk have done very well for themselves. But, how much they make and earn is difficult to calculate because they have so many records, endorsement deals, and live shows to take into consideration. The Lil Durk net worth is stated as $3 million. But, in all honesty, it might be closer to $10 million by some reports. And even from the mouth of the rapper himself. 

There are conflicting reports regarding Lil Durk’s wealth, but we can safely assume that the rapper isn’t going broke any time soon. Let’s take a sneak glimpse into the life and times of Lil Durk to see if that net worth number is on the money or complete fugazi.

Is Lil Durk Wealthy?

Lil Durk’s real name is Durk Derick Banks. He was born on 19 October 1992 in Chicago, Illinois. He’s a rapper, songwriter, and singer and is known for creating his own record label called Only The Family and for his Drill Rap styles. 

The best way to maximize your profits as a rapper in the industry is to have control over your own publishing and even owning your masters if possible. But that’s almost impossible if you sign a record deal with a major record label.

Is Lil Durk Wealthy

Lil Durk was making good money from several independent mixtapes released on his own label. Eventually, though, he signed a major record deal with Def Jam. And then later with Alamo Records, a subsidiary of Interscope Records. More on that later.

So, how much is Lil Durk worth?

When Lil Durk saw that prominent net worth websites had listed his wealth at around the $3 million mark, he came out on Instagram to pour scorn on that figure. It seems the reports of his wealth have been seriously under-reported.

He wasn’t happy about it because image and appearance are everything in the entertainment industry. Durk scoffed at the idea that he only had $3 million. He went on to counter that by saying he has that kind of cash in Richard’s alone. 

The reference to “Richard’s” is slang for the uber-expensive and exclusive Richard Mille watches and timepieces. Apparently, he has millions of dollars worth of Richard Mille watches. That alone shows that Lil Durk’s listed net worth number is on the low side. 

How Did Lil Durk Make It Big?

Stardom and success hardly ever just happen overnight. It might seem that way sometimes, but that’s never the reality. Lil Durk had to work at it to get the exposure he needed to create a successful career. His father was incarcerated when Durk was a baby, so he had to take on lots of responsibility in his mid-teens. 

how did lil durk make it big

Lil Durk started rapping as a young kid… 

But, he only began to realize his dreams when he was 17 years old and dropped out of high school to pursue a rap career. Lil Durk’s first independent mixtapeI’m a Hitta, was released on his own record label in 2011. It quickly got the attention of major record labels. He made several mixtapes over the next year or so. The most successful was Signed to the Streets and Signed to the Streets 2

His 2012 mixtape, Life Ain’t No Joke, got him the most attention. It covered Chicago street life, and as a result, it started to gain him a larger group of fans. Between 2012 and 2022, Lil Durk released nine mixtapes, and that’s not including his studio albums.

His Chicago drill rap style…

Lil Durk’s rap style comes under the Chicago Drill genre that was becoming prevalent during the early 2010s. This subgenre of Trap Rap Music is very controversial because it glorifies murder and street gang affiliation. His early mixtapes and his penchant for self-promotion on social media helped his reputation as a rap talent flourish. 

Signing with Def Jam Records…

Any rap fan worth their salt knows that Def Jam Records is probably the most famous rap music record label ever created. They launched the careers of RUN DMC and LL Cool J back in the 1980s and have cemented their reputation in rap music history. 

Lil Durk and his Only The Family collective entered into a joint venture deal with Def Jam Records in 2013. This came off the back of two very popular singles, “L’s Anthem” and “Dis Ain’t What You Want”.

He only released two studio albums on Def Jam – Remember My Name (2015) and Lil Durk 2X (2016). He left the label in 2018 by joint agreement and went on to sign with Alamo Records. After this, he made a further five studio albums between 2018 and 2022.

How Did Lil Durk Make His Millions?

The vast majority of the Lil Durk net worth came from album, mixtape, and singles sales. As well as endorsements and some business ventures of his own. Let’s break down how Lil Durk has made millions during his career.

Hit Singles

Over the years, Lil Durk has released more than 70 singles from his mixtapes and albums. Likewise, he’s been a featured artist on other people’s hits. He’s only ever had two singles that appeared in the Top 10 on the Hot 100 Billboard charts. Both of those were as a featured artist in Drake songs. 

How Did Lil Durk Make His Millions

He featured on Drake’s “Laugh Now Cry Later” which made #2 on the charts in 2020. And on Drake’s “In The Bible” track that made #7 on the US charts in 2021.

Lil Durk has charted in the Top 20 with nine different singles. He’s been very consistent over the years, and this is the source of some of his wealth. An interesting fact is that in 2021, Durk tied with Taylor Swift for the most Billboard Hot 100 Hits in that year. 41 of Lil Durk’s songs made the charts.

Album Sales

Lil Durk has never had a single album that achieved over one million unit sales. But he has been very consistent between 2019 and 2022. Lil Durk’s total album sales are over 1.7 million. Nearly all of these sales are in the US. Chicago Drill music doesn’t have much of a global appeal and is still quite local in many respects.

The biggest-selling Lil Durk album to date is 2020’s, The Voice, which has total album sales of over 735,000. His second and third best-selling albums, respectively, are Just Cause Y’all Waited in 2020, with sales of 500k, and The Voice of Heroes, where he teamed up with Lil Baby in 2021, which also sold around 500k. 

He has released 13 mixtapes over the years. But, because they were independent, nobody knows how many they sold nor how much cash Lil Durk made from selling mixtapes.

Endorsement Deals

He’s signed many endorsement deals over the years with some massive brands. Because Lil Durk is such a popular figure in the rap music industry and has a gargantuan social media following, he’s attracted interest from multiple major companies.

Over the years, Lil Durk has signed endorsement deals with Beat by Dre, Young and Reckless, Ethika, Luc Belaire, and Marc Jacobs. It’s unclear how much money he was paid for these endorsement partnerships. But they surely helped to grow Lil Durk’s net worth

Endorsement Deals

How Much Does Lil Durk Charge Per Show?

Lil Durk can indeed make a small annual fortune just by playing live shows. It’s believed that Lil Durk charges between $30k and $50k per show. He has different pay tiers for live concerts, public appearances, single features, corporate events, and keynote speaking gigs. 

There are rumors that Lil Durk charges $350,000 per verse to feature on other artists’ songs, but I’m not sure how true that is. Other industry rumors say that Durk has even upped his live show performance fees to $100k per show since his success on Drake’s “Cry Now Laugh Later” singles. Again, I am not sure if that is true. Either way, Lil Durk can make a vast annual fortune by touring.

In 2021 alone, it was reported that Lil Durk’s tour with Lil Baby sold approximately 220,000 tickets which generated $15 million for the rappers.

Does Lil Durk Have Any Business Ventures? 

Famous rappers often take advantage of their position by investing in businesses such as record labels, clothing lines, and other avenues. Lil Durk dived into the NFT and digital wearable industry in 2022. He founded the company NXTG3N with his subsidiary company OFT Gaming to create digital wearables that merge style and affordability. 

Durk launched his “7720” NXTG3N NFT digital shoe that is similar to digital gaming skins and avatars. Although this venture is only starting to get established, the fact that Durk has almost 13 million Instagram followers means his products are getting massive exposure. As the digital market for skins and avatars gets bigger, this could be a massively lucrative investment.

What Are Lil Durk’s Spending Habits?

Rappers who have net worth numbers between $3m and $10m cannot spend like billionaires. Although Lil Durk is very wealthy by a normal person’s standards, he can’t spend like Lil Wayne. For all intents and purposes, Durk’s not a big spender. Especially when compared to some of his contemporaries like Lil Baby and NBA YoungBoy. But he probably doesn’t have their level of cash.

There is not much info out there about any houses and jewelry Lil Durk owns. Apart from his self-proclaimed Richard Mille watch purchases. Some of these watches can cost around $500k to $1.5 million, with even basic models costing $200,000 plus. And Dirk claims to have around $3 million worth of ‘Richard’s.’

Lil Durk’s Car Luxury Collection

Lil Durk might not have the worse spending habits. However, he does own a stunning luxury car collection that cost a total of over $1.5 million. His most expensive cars include a Lamborghini Aventador that cost almost $400k, a Rolls Royce Cullinan worth $336,000, a Ferrari F8 Tributo valued at $324,432, and a Lamborghini Urus that cost $218,000.

Lil Durk’s Car Luxury Collection

He also has a Cadillac, Dodge, Jeep, and a Chevrolet to make up his massive car collection. The total of these cars is half of Lil Durk’s net worth, which, once again, shows that the listed $3 million figure is probably not true.

Interested In How Much Money Famous Rappers Are Worth?

If so, check out our breakdowns on Nipsey Hussle Net WorthLil Wayne Net WorthDaBaby Net WorthNicki Minaj Net Worth, Kodak Black Net Worth, and NBA Youngboy Net Worth for more information on the net worth of famous rappers.

You might also like to know where they live. So, have a look at our guides on the Biggest Celebrities Who Live in Miami, the Celebrities that live in The Hamptons, the Celebrities who live in Beverly Hills, the 15 Biggest Celebrities who live in NYC, or the Celebrities that live in Nashville in 2023.

Conclusion

Over the past decade or more, Lil Durk has become one of the most industrious rappers in the industry. It’s obvious that his net worth is much higher than listed when you do the math. He told you so himself, although that’s not always the gospel. He’s now over 30 years old, so he probably doesn’t have too many years left to maximize his profits in the rap industry. 

Durk’s released dozens of singles, has 12 platinum-selling hits, 30 gold hits, and a bunch of mixtapes and albums with combined sales that almost top two million. And the fact that he achieved this via independent means or by partnerships with bigger labels is pretty much astounding. It always pays to have more control over your creativity than signing everything away to a major.

Lil Durk might be in the twilight of his career… 

But it’s definitely not over. He’s making massive money from live shows and public appearances. And his soiree into the world of NFTs and crypto might make him rich beyond even his wildest dreams. A new album titled The Voice 2.0 is currently in the pipeline and is expected to be released later this year. So, the game is not yet over for the Chicago Drill rapper who took it to another level. 

 Until next time, may you find success and happiness.

Please help us rate this post
Share:

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top