ILoveMakonnen’s net worth is estimated to be $1 Million. He is an American singer, rapper, and songwriter from Los Angeles, California. Makonnen rose to fame after his 2014 breakout single “Tuesday” came out featuring Canadian rapper Drake.
Following his breakthrough moment, the rapper became an internet sensation touching millions of hearts with his music across the globe. ILoveMakonnen garnered massive popularity in his early career and appeared on the covers of various magazines such as the XXL. Let’s take a look at the life story and net worth of ILoveMakonnen.
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ILoveMakonnen’s Net Worth
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Early Life
Makonnen Sheran was born on April 12, 1989, in South LA, California, the United States. He was raised by his first-generation IM immigrant electrician father and nail instructor mother who worked in the beauty industry for more than 3 decades.
Makonnen was named after his dad Ras Teferi, Emperor of Ethiopia. He described himself as a combination of Indian, African, Irish, American, Belgian, German, and Chinese heritage.
When Makonnen was 13 years old and living in Los Angeles, his parents got divorced. As a result, he left his home and moved to Atlanta with his mother in 2002. During that time, he was studying in senior high school. Growing up in Georgia, he graduated from North Clayton High School.
ILoveMakonnen Career
Makonnen began making tracks from his computer and started uploading his craft to the popular social site “MySpace”. Eventually, he had come in contact with other rising musicians amongst those being Adele. Makonnen even started a blog posting interviews with other creators like Soulja Boy and Lil B.
By 2012, he met with famous ATL producer Mike Will Made It, but that link-up didn’t last long due to Mike’s schedule. What Mike was able to do however was play some of Makonnen’s music to Metro Boomin. Metro then introduced Makonnen’s music to other producers like Sonny Digital and 808 Mafia.
A few days later, Makonnen recorded his trendy single “I Don’t Sell Molly No More” with Sonny. That track earned him track in the city and soon he was featured in Mike’s mixtape titled “Ransom”.
Breakthrough
Makonnen released his EP “Drink More Water” and his self-titled EP “iLoveMakonnen” in 2012 and 2014 respectively. The two hit tracks I Don’t Sell Molly No More and Tuesday were featured in his later project that earned him massive fame.
His song I Don’t Sell Molly No More caught the attention of Milly Cyrus who posted the song on her Instagram exposing Makonnen to a wider audience. His breakout single Tuesday caught the eye of legendary rapper Drake.
The rapper decided to make the remix version of the song “Tuesday” with Makonnen. These two artists released the music video for the song “Tuesday” in October 2014, which went viral amassing over 208 million views on YouTube as of today.
ILoveMakonnen Biography
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Other Ventures
2014 was the breakout year for Makonnen in which he released his hit single with Drake and was featured in the XXL magazine. Initially, he preferred being independent versus signing to a major label.
On September 1st, 2014, he officially signed to Drake’s OVO Label imprint. He was now signed under one of the biggest music artists in the world. Yet after a year of being signed under OVO, he didn’t release any music.
Makonnen finally dropped off the OVO label in 2016 by stating that the label used to release his music late and was threatened by individuals associated with the record. Shortly thereafter, he relocated to Portland with his mom.
Makonnen Personal Life
After moving to Atlanta at the age of 13, Makonnen faced hardship after hardship witnessing the death of one of his closest friends during his senior year in high school.
In the summer of 2007, Makonnen was hanging out most likely with the wrong crowd. Makonnen accidentally shot his buddy after he came out to move the pistol from his lap. After this, he was sentenced to five years of probation for unwilling manslaughter.
ILoveMakonnen Net Worth
ILoveMakonnen has a net worth of $1 Million as of 2024. He garnered a lot of recognition from 2014 to 2017. However, the rapper didn’t pursue his music career and released a couple of projects in his career.
Makonnen earned his wealth from making music online, charging from the OVO label, and other endeavors. He has released two studio albums “My Parade (2021)” and “Summer ’22 (2022)” as well as seven EPs, and 17 mixtapes.
His tracks “Tuesday”, “Swerve”, and “Trust Me Danny” put him on mainstream success. ILoveMakonnen’s annual income is roughly $300,000. Not to mention, he received shoutouts from the likes of Miley Cyrus and Drake.
Frequently Asked Questions
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