What Is Kevin Gates’ Net Worth? Has Spent More Than $2.5 Million On Jewelry Alone

Published Date   15th Mar. 2020, 16:20 pm Binesh Shrestha
What Is Kevin Gates’ Net Worth? Has Spent More Than $2.5 Million On Jewelry AloneKevin Gates' net worth is estimated to be $1 million. Photo Source: Getty Images.

The music industry, more specifically, the rap industry, is getting more and more competitive as new talents emerge. And making a name for yourself amid all the hubbub isn’t an easy feat to accomplish. But not for the rapper, Kevin Gates. Having released billboard peaking albums and singles, he has gained massive popularity and wealth in the past couple of years. As of now, Kevin Gates’ net worth is estimated to be $1 million, thanks to the sale and streaming of his brilliant songs.

Earnings from the sales of merch, tour and concert ticket also plays a significant role in boosting Kevin Gates’ income. That said, with so much wealth funneling in from a flourishing career, Kevin was prompted to spend it all on Jewelry, a decision which he regretted later.

Net Worth and Sources of Income

As mentioned above, the skilled rapper Kevin Gates’ net worth is estimated to be $1 million, which he has amassed from a prolific career as a rap artist. Let’s take a stroll in and around the musician’s sources of earnings.

Income from Album Sales

Prominence and commercial success came raining down on Gates after he released his first mixtape, Pick of Da Litter, in 2007. But things went sideways, and he spent 31 months in prison, during which he earned a Master’s degree in psychology.

Kevin Gates earnings

Kevin Gates’ first mixtape, Pick Da Litter earned him his first bit of cash. Photo Source: Getty Images.

After his prison-release, Gates’s income-driven mindset made him wanna work on music almost immediately. He earned some buzz in 2012 after releasing Make Em Believe and was signed to the management wing of Lil Wayne’s Young Money Entertainment.

A massive, noteworthy leap in Kevin’s career was seen in 2013 when he released the mixtape, The Luca Brasi Story, via his own label. Alongside receiving critical praise and getting one of the single to be named the 40th best song of 2013 by Rolling Stones, he was also signed to Atlantic Records. Following that, almost every mixtape he released turned out to be big hits and appeared in the Billboard charts including Luca Brasi, Isiah, Stranger Than Fiction, By Any Means.

Kevin Gates albums and songs

In 2013, Kevin was signed by Atlantic Records. Photo Source: Getty Images.

Through two of his EPs, Chained to the City and Only the Generals Gon Understand, Kevin Gates’s net worth really achieved new heights. Besides, we haven’t even talked about all his hit singles, that amassed millions of streams and brought him a grand fortune.

Singles like Really Really, 2 Phones, I Don’t Get Tired, Wylin achieved commercial success and propelled him to unprecedented levels of fame. You know an emerging rapper has gained prominence when they start collaborating with big names like Wiz Khalifa, Juicy J, and 2Chainz.

Income from YouTube and Streaming Services

YouTube has served Kevin Gates’ net worth massively. On his official music video channel, kevingatesTV, Gates’ earning can reach up to $306K monthly and $3.7 million annually. That is quite some cash for the rapper from one platform alone.

Gates’ music is streamed across a wide range of streaming services too including Spotify, Apple Music, Pandora, Deezer, and several others. With hundreds of thousands of streams monthly, it’s no wonder that Kevin Gates’ income is substantially backed from multiple streaming platforms too.

Income from Merch and Ticket Sales

On Kevin Gates’ official website, fans can purchase cool merchandise, ranging from t-shirts and jackets to blankets and hats. Some of the items on the website alongside their respective prices are listed here:

  • Front Page Long Sleeve T-Shirt
  • I’m Him Album Cover T-Shirt
  • Fatima Blanket
  • Hand Pocket Satin Jacket

The revenue generated from the sale of these products must help Kevin rake in some serious cash. Besides, he has also invested heavily in his clothing line, Bread Winners’ Association, which will be in retail stores soon. Additionally, on Ticketmaster, there are various events for which tickets can be bought, and again, the income from this must certainly add greatly to Gates’ paycheck.

Spent $2.5 million on Jewelry

From a regional hip-hop artist to outselling some of the biggest stars in the music industry, Kevin Gates has truly attained new heights. Both financially and career-wise.

Kevin Gates $2.5 million Jewelry

Kevin Gates’ has outsold multiple top-selling artists during his career. Photo Source: Getty Images.

In a video with Men’s Wealth, he explains how he wasn’t happy with himself. And all of the extravagant things he bought were only to make himself feel good about not putting in the work. Kevin Gates estimates that he flooded about $2.5 million on jewelry alone because he was ‘insecure and fat.’ Moreover, he also spent $80K on a Corvette ZO6 and a couple of grand more on the new Ford car, shown on his Instagram.

Lifestyles of famous rappers and musicians seem almost inconceivable to most of us; multiple luxurious cars, huge houses, as much Jewelry as the body can fit. But Kevin isn’t on board with that kind of life now. He is a new man and has remarked that:

True wealth is not of the pocket. It’s of the heart and of the mind, the soul, the things that money can never buy.”

Furthermore, with a new album single, Dreka, under his belt and multiple future projects, it’s a well-established fact that Kevin Gates’ net worth is going to pile up as the years go by.

Quick Info About Kevin Gates

  • Kevin Gates was born on February 5, 1986, in Louisiana, the United States, to Puerto Rican mother and an African American father.
  • Father died of complications from AIDS when he was only fourteen.
  • Kevin Gates’ wife, Dreka Gates, has been married to him since 2015.
  • He is father to Islah Koren Gates and Khaza Kamil Gates.
  • Kevin’s Instagram boasts more than 8.6 million followers.

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