Yo Gotti‘s $100 million empire has been, in part, inspired by JAY-Z — who did a lot more than offer the devil’s bargain of “$500K or dinner with JAY-Z?”
In an interview with Forbes, which dropped on Friday (February 23), the rapper revealed that watching how the Hip Hop billionaire has handled himself over the years inspired Gotti to further his education, even though he’d never graduated from college.
Yo Gotti revealed that he’d been taking classes at UCLA’s Anderson School of Management since December of 2023, and focused on such business concepts as corporate valuation.
“I may want to buy a company or acquire another company,” he said. “So I’m making sure I’m supertight—and understand the language and the verbiage myself other than listening to financial experts.”
JAY-Z himself gave a quote to Forbes about his mentee’s progress, praising his business acumen and adding that it’s “evident in every move [Gotti] makes, breaking the mold of the old-guard definition of an executive.”
Yo Gotti has quietly built quite the financial empire and is now sitting nicely at an estimated net worth of $100 million.
In addition to his CMG Music Group which is home to artists including Moneybagg Yo, GloRilla and Blac Youngsta, Gotti also has a minority stake in the MLS team D.C. United and owns the restaurant Prive in Memphis.
“If I never wrote another rap again, I’m financially straight,” he told the publication. “My whole career, I was setting up for that.”
A portion of how he’s built such an empire is by not spending frivolously. In an interview last summer, Gotti explained his refusal to fly private, as he believes there are smarter ways to spend his hard-earned cash.
“I don’t even fly private,” he said on Los Angeles-based radio show Big Boy’s Neighborhood. “I can’t afford it. I fly first class and I’m keeping my paper. I can’t afford it up here [in my head].”
He went on to out 42 Dugg as one of his artists that strictly flies private while moving around the country.
“Some of em only fly private,” Gotti says. “I was trying to get one of my artists to do some promo. He’s like, ‘It’s cool, I’m gonna fly private though.’ I’m like, ‘I don’t even fly private.’ … Dugg young and turnt. He only fly private.”
While he doesn’t approve of the private jet lifestyle, Gotti has no issues making sure his artists enjoy only the best when it comes to other methods of transportation, as he gifted GloRilla a new Maybach SUV for her 24th birthday last July.
That’s stupid lol. The richest men on earth dropped out of college after they quickly realized that as entrepreneurs, it was a waste of time. Maybe if you have no understanding of business it could help… but innovation and investing aren’t things that you teach. Elon Musk, Steve Jobs, Bill Gates, Warren Buffet. All dropped out. College is pointless for entrepreneurs. It’s only good if you want to get certified in a specific field of expertise to get HIRED by a company, not run your own.
He said that his intentions are to go to college is to understand the verbiage and the language. I understand your perspective but knowledge is never a waste of time. I don’t know his intentions but my opinion education is never a waste.
if you made it to a $100mil without college.. it’s literally wasting money at this point. Just hire a private financial advisor to teach you whatever you wanna know.
@Jay Warren Buffett has a BS and a MBA…
this midget is jays booty boy. hes next to get knocked off this planet
yes what a life now obey the law you can lose it all so easily and look don’t piss another brother off so you won’t be at that red light play it straight my man