|Real name||Montero Lamar Hill|
|Net worth||$4 billion|
|Place of Birth||Atlanta, Georgia|
|Birth Country||United States|
|Date of Birth||9th of April, 1999|
|High School||Lithia High School|
|University||West Georgia University|
|Height||6Ft. 1In (186cm).|
|Weight||78kg (172 lbs)|
|Award||MTV Video Awards (2019), Teen Choice Awards (2019), CMA Awards(2019)|
|Updated On||Sep 2019|
Montero Lamar Hill professionally called Lil Nas X is Rapper, singer, and songwriter. He gained prominence on the international level when his country rap song became popular in early 2019.
Lil Nas X Personal Life – Age, Education, Relationship, Height and Weight
Lil (20 years old) was born on the 9th of April, 1999, in a city just outside Atlanta. His parents separated when he was around six years of age. He stayed with his mother during the early part of his childhood but later went to live with his father in Austell, Georgia.
Lil attended Lithia High School for School, began playing the trumpet in grade four but stopped because of the fear of looking uncool among his friends. He went to West Georgia University but quit after one year at the university to begin rapping, even though his father opposed the decision, but that did not stop him. He lived with his sister during that time; he also worked in “Zaxby’s” and “Six Flags Over Georgia” to support himself.
Lil has no girlfriend; he is an open gay. He became open about it on the 30th of June, 2019; the rapper came out first to his father (who was a Christian artist) and his sister, then later came out to the entire world not knowing how his fans would react, whether they would accept him or not.
The rapper, Lil, has an athletic body build. He has a height of 6ft 1inch (186 cm) and an average body weight of 78 kg (173 lbs). He has dark hair with brown eyes, and he is dark in complexion.
Career and Earnings
Lil Nas X has an estimated worth of 4 million US dollars. He earns from various means which includes Music sales and streams, sponsorships and shows.
The rapper is signed to the record label “Columbia Records” and also has a co-signing with Justin Bieber as well. He released his country rap song “Old Town Road” in December 2018, it got over 1 million views on YouTube. The Song also became renowned on TikTok and reached number 1 on the Billboard Hot 100. These were the first time Lil Nas X appeared on the Billboard chart. The Song also reached number 19 on the Hot country and number 36 on Hot R&B/Hip-Hop Songs.
How much did Lil Nas X make from Old Town Road?
It was announced on the 16th of April, 2019, that Lil’s “Old Town Road” with 142 million Streams had passed Drake’s “IN My Feeling” with 116.2 million streams to hold the record for most US streams in one week in July 2018.
Some of His earnings are listed below (Although how much he made from some of the songs is yet to disclosed):
These are some of his songs he collaborated with other singers:
|F9mily (You and Me) with Travis Barker||2019|
|Rodeo with Cardi B||2019|
|Bring U Down Featuring Ryan Tedder||2019|
What does Net Worth Mean?
What is a Net Worth?
It is a quantitative concept which measures the value of an entity. It is applicable ranging from an individual to companies, organizations, sectors and a country as a whole. To put it simply, it is the difference between assets and liabilities. A positive net worth means assets are greater than liabilities, whereas negative net worth mean liabilities are greater than assets.
Net Worth = Assets – Liabilities
A little more into Net Worth Concept:
Net worth conveys the financial health of any entity. Asset is anything that is owned and has a monetary value to it while liabilities is a commitment that deplete resources. Assets can be liquid or which can turn into liquid ( example: bank check ). They are non-liquid when they take time to turn into cash (like for example Home). Whereas liability is an obligation that has to be repaid ( example: home loan, car loan etc.,)
Any financial institution or 3rd party look at your assets and liabilities to understand the financial position. Positive net worth or increasing asset base indicates good financial health while negative net worth or increasing liabilities means a bad financial health condition.
It is always a good habit for any entity to maintain a reduce liabilities and increase or maintain a balanced asset base.
What does a Net Worth Mean to a person?
In simple terms, it means the value that is left after subtracting liabilities from assets. Few Examples of liabilities include car loans, student loans, home loans, credit card bills, and other mortgages etc., whereas an individual’s assets are amount in the savings account, home, vehicle, bonds, stocks and other material that has value.
In other words, whatever is left after paying off all the personal debt from asset base is net worth. It is important to understand that value of net worth varies as per the market value of assets and current debt costs.
Consider a case of Ramu Johnson. His assets include a house valued at $350000, shares worth $150000 and a car worth $35000. His liabilities include a mortgage balance of
$150000 and an outstanding car loan $15000 to be paid.
Now Ramu Johnson’s Net Worth = ($350000+$150000+$35000) – ($150000+$15000)
= ($535000 ) – ($165000)
Assuming Ramu Johnson’s financial position after five years as follows –
House value at $350000, Shares value at $180000, savings $ 40000 and car value $25000. While mortgage loan $120000, car loan $0 (paid off).
The Net worth after 5 years would = ($350000+$180000+$ 40000 + $25000 ) – ($120000)
= $595000 – $120000
Here it is understood that, although the fact that the value of a house and car decrease, the net worth have increased to $475000. It is because a decline in house loan is less than the overall asset base and decrease in liabilities.
Note that, an individual’s net worth can be negative if his asset base is less than liabilities.
What does net worth mean for celebrities?
Most often celebrities fall under High Net worth Individuals. And what does HNWI mean?
People with considerable net worth as called as HNWI.
Independent Charted Accounts, wealth managers and investment counsellors stay close to them making them as prime markets.
As per Securities and Exchange Commission( SEC), investors more than 1Million are considered as accredited investors to invite them to invest in unrequested securities.
Is 401k part of net worth?
As per the definition, 401K is also a part of net worth if it is calculated in terms of assets and liabilities. But, in this case, 401K have no specifics as in, therefore it cannot be measured.
What is the average American net worth?
Like any entities net worth a countries net worth can be calculated as below. It is a sum of net worth of all individuals (citizens), companies and organizations reside in America, plus countries net worth. In America, this measure is referred to as financial position.
As on quarter 1 2014, America’s financial position =
Assets ( $269.6 trillion) – liabilities ($145.8 trillion ) = $123.8 trillion.
What is a good net worth by age?
|Age of Household||Median Net Worth|
|Under 35 years||$6,900|
|35 to 44 years||$45,740|
|45 to 54 years||$100,404|
|55 – 64 years||$164,498|
|65 – 69 years||$193,833|
|70 – 74 years||$225,390|
|65 – 75 Years||$202,950|
|75 + Years||$197,758|
What is the net worth of the top 1%, 5%, 10%?
As in America, wealth distribution is as follows
Richest 1% of the population owned 35% of the country’s total wealth
Richest 5% of the population owned 11% of the country’s total wealth
Richest 10% of the population owned 12% of the country’s total wealth
Some Success Lesson from Lil Nas X
Lil left college to focus on music
In HipHop there are loads of incredible stories about artists and their experience with school or lack of it. For Lil Nas X, his time in school was brief, though for a good reason.
After spending just a year, he decides to leave so he can concentrate on music career full time. After a year later he as one of the biggest music of all time. Similar to most parents, at first, they weren’t happy about the decision he was no longer attending school.
Before the release of “Old Town Road,” he set up a stable social media platform on which he can interact with people.
Buzzfeed followed in 2017. When the “Old Town Road” dropped, his early presence on TikTok changed its trajectory. The social media platform has been a catalyst for user-generated content (UGC), just as Lil had planned.