Despite selling millions of albums and earning huge through streaming revenue, Lil Durk today has $10 million in net worth. The reason for such a low figure is largely due to his legal troubles, court settlements, and lavish spending. He also made very bad investments ending up in huge losses.
Lil Durk Net Worth 2024
Full Name | Durk Derrick Banks |
Occupation | Rapper |
Net Worth | $10 Million |
Annual Income | $3.4 Million |
Earnings per Concert | $500,000 |
Music Royalties | $1.8 Million per year |
Business Profits | $220,000 |
Legal Expenses
Lil Durk and his then-girlfriend were charged with attempted murder and related offenses in connection with a shooting in Atlanta. They both turned themselves in, were released on bond, and maintained their innocence. Durk ended up losing $750,000 towards lawyer fees and other settlements.
He is currently involved in a civil lawsuit filed by Exceed Talent Capital. The lawsuit alleges “fraud” related to song rights, claiming Lil Durk granted rights to the same song to two different companies, resulting in over $12 million in damages for Exceed. This case is ongoing and the outcome remains to be seen.
Lil Durk House
Lil Durk is living the high life in a fancy mansion right in the posh Buckhead neighborhood of Atlanta. This 5,931-square-foot mansion comes with six bedrooms, six and a half bathrooms, a swimming pool. Word on the street is that he bought up this place in 2019 for $595,000. Talk about living large!
How did things turn out so bad for Lil Durk?
Lil Durk didn’t come from a wealthy family and he started to rap in his teens. Back then his family was very poor and finding it very hard to even have three meals a day. In 2013, his “Signed to the Streets” got some recognition at the local level but did little to improve his financial situation.
Things turned out better after he signed a deal with Def Jam Recordings, Through the connections from this music company, Lil Durk was able to release hugely successful albums. He even collaborated with artists like Future, which helped him get more fame and wealth.
Just like a movie story, Durk has a parallel life, that is getting into trouble with the cops. In 2011, when he was just a teenager, he was jailed for the first time when he had to spend three months in prison. Two years later he again was arrested for gun charges.
Most recently, that is in 2019, despite founding his music label and making hell lot of money, Lil Durk did not get any better and started to do more and more unlawful things. For example, he got himself meddled into a gun shooting and robbery charges.