Net Worth: $500 Thousand
Tekashi69 is a rapper, social media personality, and convicted felon from the United States. Tekashi69 has a net worth of $500 thousand as of this writing. Tekashi is one of the world’s most contentious rappers, both in terms of his art and personal life. In 2015, he pleaded guilty to a felony charge of sexually exploiting a child. He was arrested in 2018 on racketeering, weapons, drug, and conspiracy to commit murder charges. Tekashi testified against his former gang associates in exchange for a two-year sentence reduction. He was released early and placed under house arrest due to the COVID-19 pandemic.
Teskashi has amassed extraordinary wealth during his relatively brief career (so far). He allegedly signed several appearance and contract deals worth tens of millions of dollars cumulatively. We’ll get into more detail about Tekashi’s finances in the following paragraph.
Tekashi69’s financial situation is somewhat difficult to pin down month to month. Without a doubt, he has signed numerous multimillion-dollar record and concert deals. He has also earned millions of dollars in streaming royalties, primarily through his YouTube channel, which currently has more than 20 million subscribers and over 5 billion video views.
On the other hand, following his prison sentence, Tekashi’s career was effectively halted for two years.
In March 2022, Tekashi filed documents with a court claiming he was facing severe financial difficulties due to income loss, primarily due to his career being on hold for two years. He claimed he received no royalties and was unable to earn money through touring.
Specifically, his filing asserted the following:
“At the moment, I’m having difficulty making ends meet. I’m not sure I’ll ever command the kind of advances I received prior to my arrest, which effectively ended my career.”
The records were obtained as part of a civil lawsuit filed by two former associates. He also claimed that if the lawsuit were to proceed, it would “bankrupt” him.
One month later, Tekashi69 shared the following Instagram video, in which he flaunts several million dollars in cold hard cash and at least a million dollars’ worth of cars:
A day after uploading the above video to Instagram, Tekashi appeared on TMZ Live and was confronted by Harvey Levin about how he could flaunt so much cash while also claiming to be broke to a judge.
Tekashi69 was born Daniel Hernandez on May 8, 1996 in Bushwick, Brooklyn, New York. His mother is Mexican, while his father is Puerto Rican. He met his father for the first time when he was nine years old. He had previously believed his father was deceased. In reality, Daniel Sr. was an incarcerated heroin addict. Later in life, his father claimed that the mother’s family prevented Daniel Sr. from seeing Daniel Jr., even ripping up the letters he sent from jail.
The family faced financial difficulties, particularly after Daniel’s stepfather was assassinated on the steps of the family home in 2010, when Daniel was 14 years old. The death resulted in significant physiological damage, necessitating Daniel’s visit to a therapist for treatment of PSD and depression. He also began acting out in school around this time, eventually being expelled in eighth grade. Daniel began working at a grocery store after graduating from high school to assist his family financially.
Career in Rap
Daniel began rapping at the age of sixteen. Daniel got his first break when he met the CEO of a record label while working in a Brooklyn bodega. Peter “Righteous P” Rogers, the record executive, ran a label called Hikari-Ultra. Daniel was encouraged by Peter to begin releasing original music.
In 2014, he released his first song, appropriately titled “69.” That year, he would release a number of additional singles. Daniel, by then known as Tekashi 6ix9ine, released a series of albums and videos over the next three years, earning him moderate popularity in the underground rap scene.
In 2018, Tekashi69 released his self-titled mixtape Day69. His debut single, “Gummo,” peaked at #6 on the US Rap chart, #7 on the US R&B/Hip-Hop chart, and #12 on the Billboard Hot 100. 6IX9INE’s single “Kooda” was also certified Gold and peaked at #29 on the R&B/Hip-Hop chart in the United States and #50 on the Billboard Hot 100. His collaboration with Fetty Wap and A Boogie wit da Hoodie, “Keke,” peaked at #20 on the US Rap chart, #22 on the US R&B/Hip-Hop chart, and #43 on the Billboard Hot 100.
6IX9INE has taken to social media to boast about numerous record and management deals. He claimed (in a now-deleted Instagram post) in January 2018 that he had signed a $7.5 million record deal. He claimed a month later that he had signed a $15 million management agreement with Birdman’s RICHGANG company. He claimed a month later to have signed a $4.9 million endorsement deal with a headphone company. According to several insiders in the music industry with whom we spoke, there is no evidence that any of these deals are even remotely real.
Deal Worth $10 Million
Tekashi confirmed a record deal with 10K Projects in October 2019. According to reports, the deal is worth at least $10 million and will result in the release of two new albums, one in English and one in Spanish.
Tekashii announced a $5 million deal with live streaming company GlobalStreamNow in July 2020. The agreement is for a single virtual performance on September 5, 2020.
Tekashi69 has been arrested numerous times. In 2015, he pleaded guilty to a felony count of sexually exploiting a child. He was sentenced to three years probation and was not required to register as a sexual offender as long as he abstained from posting sexually explicit images online and completed his GED. He eventually failed the GED test. He was arrested in July 2018 on an outstanding warrant stemming from an incident in which he allegedly choked someone at a Houston mall.
He was arrested in 2018 on charges of weapons, drug trafficking, and racketeering. To avoid a potential 47-year prison sentence, he agreed to testify against members of the Nine Trey Bloods gang. In September 2019, he testified over several days. He testified that the Nine Trey Bloods Gang permitted him to essentially act as a member as long as he provided financial support for the group. He also testified that he began earning an average of $60,000 per month from YouTube royalties and live performance fees following the release of the song “Gummo.”
He entered a guilty plea in December 2019 as part of an agreement with government prosecutors.
As a result of his cooperation, the judge ultimately sentenced Tekashi to just 13 months in prison. The defendants against whom he testified face life sentences.
On March 22, 2020, he requested an early release due to the COVID-19 virus, which was ravaging the prison system. The government made no objections, and on April 2, he was released. He was due to be released in August 2020.
Tekashi debuted his new song “Gooba” and accompanying music video on May 8. The video quickly broke YouTube’s record for the largest 24-hour debut of a hip-hop video. Within 24 hours, the video had accumulated more than 40 million views. Eminem set the previous one-day hip-hop record of 38 million in 2018 with his song “Killshot.”
Within a week of its release, “Gooba” had surpassed 150 million views.
Tekashi69 also hosted an Instagram live that day, May 8. Over 2 million people tuned in concurrently, shattering the previous Instagram live record by over 1.7 million.
Between YouTube advertising revenue, Spotify royalties, and other sources of revenue, Tekashi publicly claimed that he earned $2 million in less than a week off “Gooba.” Additionally, he announced his intention to donate 10% of profits to charity.