Tekashi69 is a rapper, social media sensation, and convicted felon from the United States. Tekashi69 has a net worth of $5 million as of the time of this writing. When it comes to his work and his personal life, Tekashi is one of the most contentious rappers in the world, and for good reason.
In 2015, he entered a guilty plea to a felony charge of engaging in sexual performance with a minor. Racketeering, firearms, and narcotics charges, as well as a plot to commit murder, were all brought against him in 2018. In exchange for a two-year reduction in his sentence, Tekashi agreed to testify against his former gang comrades.
Because of the COVID-19 outbreak, he was released from prison early and placed under home arrest. Since the beginning of his (so far) very brief professional career, Takashi has been able to accumulate enormous wealth.
In the past, he has allegedly signed multiple appearances and contract arrangements that had the potential to pay out tens of millions of dollars when added together. We'll go into the specifics of Tekashi's financial situation in the next paragraph.
Tekashi69's finances are, to put it mildly, a bit of a mystery. His multi-million dollar record and concert contracts are unquestionably there. As a result of his YouTube channel's 20 million subscribers and more than 5 billion video views, he has made millions in streaming royalties.
Tekashi's career, on the other hand, was effectively placed on stop for two years when he was sentenced to prison.
According to court filings filed in March of 2022, Tekashi claimed to be in serious financial trouble as a result of his two-year absence from the workforce owing to a lack of revenue. When asked about his finances, he stated that he was receiving no royalties and was unable to make money through travel.
According to his submission, specifically:
“I'm having a hard time making ends meet at the moment. I don't know if I'll ever be able to get back to the kind of pay I was getting before my incarceration, and my career has been put on hold.”
It was part of a legal claim brought by two former colleagues. Furthermore, he said he would be “bankrupted” if the litigation went along as planned.
In one month, Tekashi69 made the following Instagram video, in which he flaunts a fortune in cash and luxury automobiles:
On May 8, 1996, Daniel Hernandez, aka Tekashi69, was born in Bushwick, Brooklyn, New York. His father is Puerto Rican and his mother is Mexican. When he was nine years old, he finally met his father for the first time.
As far as he was concerned, his father had died. To be honest, Daniel Sr. was a drug addict who had been thrown in prison. After his father's death, Daniel Sr. claimed that his mother's relatives had stopped him from seeing his son, even going so far as to shred up the letters he wrote him while in jail.
After Daniel's stepfather was shot to death on the steps of the family home in 2010 when Daniel was 14, the family's finances took a turn for the worst. Daniel needed to see a therapist for post-traumatic stress disorder (PSD) and depression as a result of the tragedy.
Around this time, he began misbehaving in school and was eventually expelled in 8th grade. To assist the family out financially, Daniel got a job at a grocery shop when he graduated from high school.
Daniel started rapping at the age of 16. In the bodega where Daniel worked, he met the CEO of a record label. This was an early opportunity for him. Peter “Righteous P” Rogers was the owner of Hikari-Ultra, a musical company. Peter pushed Daniel to begin publishing original tunes.
In 2014, he released his debut single, “69,” which was well titled. The next year, he'd put out many more songs. Daniel, now known as Tekashi 6ix9ine, published a series of albums and videos over the following three years that gained him some traction in the underground rap community.
Day69, Tekashi69's first mixtape, was released in 2018. His first single, “Gummo,” was certified Gold on the Billboard Hot 100 and climbed to the top of the U.S. Rap and R&B/Hip-Hop charts.
On the US R&B/Hip-Hop chart, the song “Kooda” by 6IX9INE peaked at #29 and #50, respectively. Keke (with Fetty Wap and A Boogie wit da Hoodie) peaked at No. 20 on the US Rap chart, No. 22 on the US R&B/Hip-Hopper chart, and No. 43 on the Billboard Hot 100.
Reported Record Deals
6IX9INE has made a habit of bragging about his record and management deals on social media. In a now-deleted Instagram post, he claimed to have secured a $7.5 million record contract in January 2018.
At the time of this writing (a month after signing the $15 million management contract), he has not been paid. He claimed to have signed a $4.9 million endorsement agreement with a headphone firm around a month later. No one we spoke to in the music business believes that any of these deals are even slightly legitimate.
$10 Million Deal
Tekashi secured a record deal with 10K Projects in October 2019. There will be two albums released in the future, one in English and one in Spanish, with the agreement costing at least $10 million.
A $5 million transaction was revealed by Tekashii in July 2020, with the live streaming firm GlobalStreamNow as the party responsible. The agreement includes one virtual performance on September 5, 2020.
Tekashi69 has been arrested several times. In 2015, he pled guilty to a felony charge of child sexual exploitation. So long as he did not publish sexually explicit photographs online and received his GED, he was granted three years of probation.
He failed his GED. In July 2018, he was arrested on an outstanding warrant for reportedly choking someone in a Houston mall. He was charged with guns, narcotics, and racketeering in 2018.
To escape a 47-year jail term, he volunteered to testify against a Nine Trey Bloods gang. He testified in September 2019. For as long as he bankrolled the gang, he said, the Nine Trey Bloods Gang let him pretend to be a member. The song “Gummo” earned him an average of $60,000 per month from YouTube royalties and live performance fees, he testified.
He pleaded guilty in December 2019 as part of a plea arrangement with prosecutors. The court reduced Tekashi's sentence to 13 months for his cooperation. His accusers face life sentences.
On March 22, 2020, he sought early release owing to the COVID-19 virus outbreak in the prison system. The authorities relented and he was freed on April 2. His release date was set for August 2020.
On May 8, Tekashi released “Gooba” and a music video. As of today, there are over a million views of this video on YouTube. Over 40 million views in 24 hours. Eminem had previously reached the record of 38 million for his single “Killshot” in 2018.
“Gooba” received 150 million views in a week.
On May 8, Tekashi69 did an Instagram live. This broke the previous Instagram live record by almost 1.7 million people. Tekashi said he earned $2 million on “Gooba” alone in less than a week from YouTube ads, Spotify royalties, and other sources. He also promised a 10% profit donation to charity.