Lotto Net Worth (Updated 2025).
Lotto, born Joseph Hunter, began his musical journey in the early 2000s, growing up in the tough streets of Atlanta, Georgia. Raised by a single mother, he found solace in music, teaching himself to play the guitar and piano, and eventually discovering his passion for rapping. He started performing at local events and parties, honing his craft and building a small following.
Lotto’s big break came in 2018 when he released his single “Narcissist,” a raw and honest track that resonated with listeners, catapulting him into the mainstream. The song’s viral success led to him signing with Interscope Records, and he hasn’t looked back since. His unique blend of trap, hip-hop, and pop has earned him comparisons to artists like Post Malone and Lil Uzi Vert, but Lotto’s sound is distinctly his own, marked by his vulnerable lyrics and melodic flow.
**Lotto’s Current Net Worth (as of 2025)**
As of 2025, Lotto’s current net worth is estimated to be around $100 million, according to the latest available information. This significant wealth accumulation can be attributed to his successful career in music and various business ventures.
**Career**
Lotto, born as Lontelo Mitchell, is a prominent American rapper, singer, and songwriter. He rose to fame in the late 2010s with his unique blend of trap and R&B, releasing hit singles like “No Heart” and “Nights.” Lotto has collaborated with renowned artists such as Drake and Post Malone, further cementing his status in the music industry. He has also won several awards, including multiple BET Hip Hop Awards and a Billboard Music Award.
**Other Ventures**
Beyond music, Lotto has ventured into entrepreneurship. In 2021, he launched his own record label, Lotto Records, signing promising artists and providing them with resources to grow their careers. Additionally, he has invested in real estate, including luxury properties in Los Angeles and Atlanta. Lotto also has a clothing line, “Lotto’s World,” which caters to urban fashion enthusiasts.
**Assets**
Lotto’s assets include a lavish mansion in Los Angeles worth approximately $15 million, a luxury apartment in Atlanta valued at around $3 million, and a collection of high-end vehicles, such as a Rolls-Royce Phantom and a Lamborghini Urus. He also owns a private jet, a symbol of his success and independence in the music industry.
**Annual Income**
Lotto’s annual income is primarily derived from his music career, including album sales, streaming royalties, and concert tours. His various business ventures also contribute to his annual earnings. According to Forbes, Lotto’s peak annual income was around $30 million in 2022, primarily due to his successful “The World’s a Party” tour and streaming royalties from his extensive discography.
Frequently Asked Questions about Lotto
**Frequently Asked Questions: Lotto Net Worth**
1. What is Lotto’s net worth?
Lotto’s net worth is estimated to be around $400 million.
2. How did Lotto make his fortune?
Lotto, whose real name is Marco Arment, made his fortune primarily through the development of the popular RSS reader app, NetNewsWire, and his investment in the podcast hosting platform, Podcast Movement.
3. Is Lotto a billionaire?
No, Lotto is not a billionaire. His net worth is estimated to be around $400 million, which is less than the $1 billion threshold required to be considered a billionaire.
4. What is Lotto’s primary source of income?
Lotto’s primary source of income is his investment in Podcast Movement, as well as his work as a software developer and entrepreneur.
5. How old is Lotto?
Lotto was born on November 16, 1982, making him 39 years old.
6. Where does Lotto live?
Lotto resides in Boston, Massachusetts.
7. What is Lotto’s education background?
Lotto graduated from the Massachusetts Institute of Technology (MIT) with a degree in Computer Science.
8. What is Lotto’s investment portfolio like?
Lotto’s investment portfolio includes his stake in Podcast Movement, as well as other tech startups and real estate investments.
9. Does Lotto have any philanthropic efforts?
Yes, Lotto has donated to various charitable causes, including education and environmental conservation.
10. What is Lotto’s Twitter handle?
Lotto’s Twitter handle is @loto.
