Moneybagg Yo whose real name is DeMario DeWayne White Jr. is a well-known rapper. Now, he has added another title to his name: a restaurant owner. In the last couple of years, we have witnessed numerous musicians from the entertainment industry trying their hand at different things. One of them is none other than American rapper Moneybagg Yo.
Not long ago, the If Pain Was a Person singer opened a restaurant of his own. The latest business venture of the musician has led to a massive increase in his overall net worth. Continue reading further to find out the net worth of Moneybagg Yo.
Here’s all you need to know about Moneybagg Yo (including his early life, music career, and more)
The real name of the rapper Moneybagg Yo is Demario DeWayne White Jr. He was born on September 3, 1991, in Memphis, Tennessee to a single mother. He was brought up in South Memphis. He has 2 younger siblings. In a media interaction, he stated that he had a tough childhood as his mom had to play the role of both parents. Back in the day, they struggled with financial issues. There were times when they didn’t have running water, lights, and furniture.
Moneybagg’s mother tried her best to make the ends meet and give the rapper a good childhood. She imposed strict rules at home due to which he would often run away from his home and meet up with his friends. During a 2021 interview with Rolling Stone, he said, “I came from the gutter part of Memphis — like the bottom. To just have tunnel vision to get out should really tell you about my character.”
Demario went to the Mitchell High School in the city, this is where he got his stage name ‘Moneybagg Yo’ as a tribute to his hustler’s community. Later on, he dropped out of school in the 12th grade and he referred to himself as ‘terrible’ during that time. He stated that staying in school provided him with no financial benefits and he saw no future in it.
In spite of focusing on sports like basketball and football, and even landing a job at a chicken restaurant, he failed to provide for his family. At one point in his life, he even sold drugs to make ends meet. He almost lost his life due to this lifestyle. During this period of his life, he developed a passion for music and he started taking it seriously. He began rapping, writing songs, and practicing his flow. He went on to build a big fan following and established his name in the rap scene.
What is the net worth of Moneybagg Yo?
According to the website Celebrity Net Worth, the American rapper Moneybagg Yo has a net worth of $4 million. The musician stepped into the music industry in the year 2018 when he dropped his debut album named Reset. He put his nose to the grindstone and climbed the charts. Around the same time, people fell in love with his songs.
After a year, Moneybagg who is known for his melodic blend of trap, drill, and Southern hip-hop music, released his mixtape 2 Heartless which received a good response from the side of fans. Prior to releasing his own albums, he produced several mixtapes such as Federal 3X, and more. His music knowledge helped him garner the attention of the fans. His second album 43va Heartless saw the light of day in the year 2019. His third album Time, Served and fourth album A Gangsta’s Pain came out in 2020 and 2021 respectively.
Moneybagg Yo has launched a new restaurant
After getting success in music, the Grammy-nominated singer has decided to enter the restaurant industry. Now, the rapper has launched his own restaurant that goes by the name of Cache 42 Kitchen and Cocktails. When we put some light on the location of his new restaurant, it is located off Hacks Cross Road near Bill Morris Parkway.
During a media interaction, Sous Chef Jeoffrey Braxton raved over the menu of the restaurant which consists of items such as oxtails, lamb chops, chicken, shrimp, and more. While having a chat with a media outlet, he talked about Cache 42 Kitchen and Cocktails and he said, “To see people, enjoy what we are bringing to the table. Great food, music, great drinks, great staff, great customer service into those areas. Just for everyone to enjoy their experience here because it’s big for all of us. It’s big for Memphis.”
Some netizens were upset about the prices
As the On Wat U On singer Moneybagg Yo is busy exploring new ventures, some social media users thought that the prices selected by the rapper were not right. Some users mentioned that the musician was charging $100 for a steak and it got mixed views on the platform.
A few people thought the prices were too high. One user wrote, “I would love to go eat at moneybagg’s new restaurant but getting that tomahawk steak would be the last thing on my mind, I’d rather my total be 100+ for a bunch of food rather than total already starting at 100+ and all I’ve gotten is that big as steak.”
Followed by a second user who penned, “Hol up… all this attention about Moneybagg Yo selling a $100 steak…. And it was 40z?? Really y’all? Lol.” Another user thought that the prices were right and went on to say, “I been so lost that I just now learned of people complaining about Moneybagg Yo opening a restaurant that serves a tomahawk steak for $100….for a damn tomahawk that is a BARGAIN lmao.”
A user entered the chat and dropped a comment that read, “Y’all mad about moneybagg charging $135 for a tomahawk but y’all go to the club and spend over $100 on a $45 bottle of Hennessy.” As of this moment, the rapper has not made an official statement on the social media debate.
Do you think the prices of Moneybagg Yo’s new restaurant are too high? Feel free to share your opinion with us in the comments section below. Stay in touch with us for the latest updates from Hollywood.