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The 23 year old hip-hop artist has an estimated net worth of $1.2 million. Machine Gun Kelly’s official name is Richard Kolson Baker. The up and coming rapper spent his first four years in Egypt where he is said to have learnt how to speak Arabic. Later he moved with his parents to Germany; but his family again decided to move, this time to the United States. He now lives in Cleveland, Ohio.

At the age of four years, MGK developed a strong liking for rap music and vowed to become an outstanding star.

He started generating his income after signing a deal with Bad Boys Records. From there, he proved his worth as one of the most promising hip-hop stars in the US. His current fame may be attributed to his four mixtapes, including Stamp of Approval released in 2006, and Homecoming released in 2008. In 2010 he released two more, which include 100 Awards and Running, and Lace Up.

He has so far won several awards, the most important one being MTVu Breaking Woodie award.

 

Earnings & Financial Data

Date

Category

Description

Amount

2011

Record Sales

Estimated earnings from his album Lace Up (178,000 copies sold in the U.S.)

$178,000

2010

Contract

Deal in a joint venture with Interscope Record

$1,000,000

2010

Contract

Amount of deal he signed with Young and Reckless Clothing

$100,000