Larry June Net Worth – $3 million
What is Larry June’s net worth? Who are Larry June’s parents?
Introduction
Larry Eugene Hendricks III, also known as Larry June, is a San Francisco-raised rapper best known for his EP Larry and Orange Season.
Rising to fame in 2014 and gaining the attention of Warner Records, Larry June has since gone on to record over 19 underground records and tour with artists such as Smokepurpp and Post Malone.
Larry June later stated that Warner Records had not shown interest in his music leading him to spend the majority of his career as an independent artist.
June is still an active artist, and his income is mainly fueled by his music career touring and various streaming platforms.
The Origin Story
Larry June speaks onstage during REVOLT World 2023 Presented By Walmart at Pangaea Studios on September 24, 2023 in Atlanta – @Getty
Born on April 8th, 1991, in San Francisco, California, to teen parents, Larry Eugene Hendricks III moved from the Bay Area at age 4 to Atlanta, Georgia.
Larry Hendricks, better known by his stage name Larry June, moved back to San Francisco at age 16 and was introduced to rap at a young age.
His father experimented with rapping and would try to sell CDs to his schoolmates after school but inevitably found success selling to a local music store.
The success was enough for Larry June to drop out of high school and focus solely on music.
He went on to release his first mixtape titled #GoodJobLarry in 2015 and began playing at events shortly afterwards.
June would go on to face mainstream record labels as an independent artist and amass a fortune from intelligent investing and financial moves.
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Larry June – Net Worth 2024
So, how much is Larry June worth?
June’s first professional record deal was done with Warner Records, which offered him a $20,000 advance for two EPs (extended plays).
He felt Warner Records did not have the same vision as he did for his music, causing him to stop producing music for two years and instead tour from 2014 to 2016.
In 2016, Larry began producing new music independently, which was subsequently released from Warner Records.
By releasing music independently, he was able to keep nearly all the profits from his releases.
After a few months of his music being available on DistroKid, a platform to aid independent artists generate revenue on their streams, Larry had accumulated over $50,000 in streaming revenue.
Since that point in 2016, June has released numerous independent tracks and is in a position to keep a majority of the profits from his music.
Along with streaming revenue, June has continued to tour throughout his music making process.
He has 343 million views on his YouTube channel, which has generated over $1 million in ad revenue.
Spotify
Larry June attends EMPIRE Celebrates The Grammys at EDEN Sunset on February 02, 2024 – @Getty
Along with his YouTube channel, his Spotify account has nearly 2 million monthly listeners.
Based on the estimate that 1 million streams per month generates around $4,000 in revenue on Spotify, Larry June generates $5,000 to $8,000 per month from Spotify revenue.
In 2021, he signed a distribution deal with Empire Records, which not only allowed him to maintain ownership of his music but also acquire a record label-sized ‘push’ to his new and existing music.
June has been estimated to have made over $1,500,000 from the various music releases he has put out.
He has always been a frugal investor with his money and has been documented to have a well-versed understanding of his financials.
Larry often references financial literacy and freedom in his music as it is a focal point of his life as a successful musician. He even created a song titled Financial Freedom.
He is not new to opening and running new businesses, but following his success in the music industry, he began gaining ownership through a different route.
June operates as an angel investor for many small businesses, investing money into the business for a stake in the company while also remaining hands-off from day-to-day operations.
Honey Bear Boba
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One notable business June has over a %30 stake in is a San Francisco based boba cafe called Honey Bear Boba.
Since his original investment June has been able to help grow the business to a position to open multiple new locations in the bay area.
Beyond angel investing, June also invests in residential and commercial real estate.
All of June’s investments, including the way he creates and distributes his music, are based on generating passive income that will last beyond his fame.
This method allows June to consistently generate revenue and ownership without having to sacrifice his time which he utilizes elsewhere.
Midnight Organic
His clothing brand, Midnight Organic, sells lifestyle clothing at high-end prices. He utilizes his Instagram, with nearly 500,000 followers, to promote and generate traffic to his merch site, as well as his official website.
Unlike the site he sells his clothing on, his official website houses blog posts, news articles, and tour updates while also running ads to generate revenue.
He invests in the crypto and stock market with the goal of generating sustainable long-term passive income.
June has been documented to be involved in stock and crypto trading as far back as 2016.
Since 2016 multiple crypto and stock exchanges have grown exponentially.
June values longevity in his money and passive income. He views himself not as an artist but as an entrepreneur and has exemplified these notions throughout his career.
Because of his serial entrepreneurial ship and his business mindset, Larry has been able to amass wealth that most artists signed to a label may never see.
Therefore, American rapper Larry June has an estimated net worth of $3 million.
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