Lil Boosie is a famous American rapper. He has been in industry for 20 years. Till now, he has released his 10 albums. Despite being in industry for 20 years, Lil Boosie net worth is low. Do you want to know Why Is Lil Boosie Net Worth So Low? Let’s talk about this query.
3 Big Reasons: Why is Lil Boosie Worth So Low?
Although Lil Boosie is in the music industry for 20 years, still his net worth is low. It is mainly due to 3 reasons.
1). Legal Problems:
Throughout the career, Lil Boosie has legal problems. In 1999, he was arrested for the first time. He was convicted for drug possession. In 2009, he was again arrested for the same reason.
Hence he had to spend around eight years in prison. In 2014, he was released from prison. In 2018, he was again arrested for violating his parole.
2). Financial Decisions:
Due to some poor financial decisions, net worth of Lil Boosie could not grow. He used to spend money on lavish cars, jewelry, and clothes.
In 2012, he was sued for $1 million, by his former manager. Eventually, he settled the lawsuit for an undisclosed amount.
3). Decline of the Music Industry:
Now the music industry is not as profitable as it was earlier. Due to this too, Lil Boosie net worth has fallen down. In the past, he used to make a lot of money from album sales and touring.
Currently, most of the rappers make their money from streaming and merchandise.
How much is Lil Boosie Net Worth?
Lil Boosie net worth is around $800,000, as of 2023.
Undoubtedly, it is low net worth for a rapper of his stature. Due to a number of legal probelms and financial setbacks in his career, he could not grow his net worth. In spite of low net worth, Lil Boosie is still a famous rapper.
How Much Money Did Lil Boosie Make on His Movie?
Lil Boosie’s movie titled “My Struggle” was released in 2021. It was mainly a biopic about his life and career. It garnered more than $1 million on the opening day. No clear amount from the money is known yet.
FAQs – Frequently Asked Questions
1) How is Boosie still rich?
Lil Boosie has been able to release various albums, mixtapes, and projects. All these projects added much to his net worth. As of 2023, Lil Boosie net worth is around $800,000.
2) Is Boosie Badazz a Millionaire?
No, Lil Boosie aka Boosie Badazz is not a millionaire. Currently, Boosie Bodazz net worth is $800,000. He started his career as a member of the group of Concentration Camp.
3) Why did Lil Boosie get charged?
He spotted in an Instagram video of a “known gang member”. He was sporting a “black handgun tucked into his back waistband of his pants”. Police, by using “Airborne Law Enforcement Unit” located the rapper in a neighborhood of San Diego. He was charged therefore.
