Lil Pump Approaching Millionaire Status According to Record Contract
My Contract Is Boss
Can Afford More Gucci
12/6/2017 3:22 PM PST
Lil Pump‘s still a minor, but he’s on track to become a millionaire before he can legally drink … TMZ has learned.
According to the 17-year-old “Gucci Gang” rapper’s record contract with Warner Bros., he got a fat $345k advance on his debut album, and that doesn’t even include his 15 percent royalties.
Judging by the success of the record — which also features tracks like “Boss” and “D Rose” — it’s safe to say he’ll be making another album, which means another hefty advance between $200k and $400k. Again, plus royalties.
There are a few conditions he has to meet — such as having at least 14 tracks per album — but if he keeps cranking out huge hits he’ll rake in up to $500k for his fifth album. And don’t forget the royalties, too.
Pump’s also got some added kickers in his contract — like a cut of his merchandise sold in chain stores — so his huge fan base makes his wallet even fatter.
Now that’s Boss.