What is Nick Mira’s net worth?

Nick Mira is an American hip-hop producer who has a net worth of $1 million. He is widely known as a member of the music collective Internet Money.

Mira has also worked with high-profile artists such as Yo Gotti, Trey Songz, and Xxxtentacion. He is perhaps best known for his collaboration with Juice WRLD on the song “Lucid Dreams,” though his sound reaches farther. 

He was born on August 25th, 2000, in Virginia, USA.

Nick comes from a generation where technology has allowed teens to go to work for themselves and build careers from their keyboards. 

Mira was a teen when he had commenced making music and had started rapping. In his words:

”I always grew up around music, and I was always playing the guitar.”

Nick continued:

”Playing guitar was something I did for fun as a kid.”

In a different interview, he said:

”I’ve been making music my whole life. Ever since I was 5 years old, I picked up the guitar — just playing it not necessarily writing any songs.”

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The Producer

Mira created his website when he was 13 years old to start “shopping” – or selling – his beats.

He was six months into the craft, and after cultivating an audience through YouTube and SoundCloud, he was ready to convert his creativity into profit.

When he started, Mira didn’t know he could sell beats to artists.

He imagined making beats for listeners to enjoy on their own, but adding vocals to the mix leveled up his sound.

What sets him and other artists – like his cofounder, Taz Taylor – apart from online producers is their marketing method, “type beats.”

Type Beats

Type beats are understood as beats created to sound like or emulate a beat that another famous artist might use.

As an up-and-coming artist, if you’re looking to align yourself with artists like Lil Durk or Lil Baby, then you might look up a beat with a Lil Durk or Lil Baby type sound.

In an interview with The Fader, Mira breaks down the misconception about type beats imitating well-known beats: “In reality, it’s just making a beat that sounds cool to you and then using the ‘type’ beat term when it comes time to sell.”

So, no imitating, just marketing. If anything, the tactic helps talented, lesser-known producers have a better chance at catching the eye – or ear – of good vocal talent. Ideally, there could be another organic and unexpected pairing like Nick Mira and Juice WRLD.

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Mira + Juice WRLD = “Lucid Dreams”

“Lucid Dreams” ranked number 2 on the Billboard Hot 100 and was the song that launched Mira and Juice WRLD into their respective spotlights. But first, how did this dynamic duo start?

Around 2015-2016, Juice WRLD connected with another producer named Sidepce on Twitter, expressing the desire for a new producer.² Sidepce made the initial connection between Mira and Juice WRLD. Mira would send beats to Juice, and Juice would send the tracks back with vocals.

It wasn’t until Mira’s sophomore year of high school when he heard “Shape of Your Heart” by Sting playing at the end of Leon the Professional in one of his classes that the seed for “Lucid Dreams” was planted.² He reworked the beat, sent it over to Juice, and, after a week, “Lucid Dreams” was born.

Mira described the experience of going viral as “surreal.”

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Cofounder of Internet Money

Internet Money is a record label and producer collective founded by Taz Taylor and Mira.

The label is run out of a mansion, called the Internet Money House in the hills of Los Angeles.

The idea behind Taylor’s real estate investment is that all the Internet Money producers can have their own rooms and work out of a big studio in the lower level of the house.

Having to grow up fast, Taylor found himself in a position where he needed to make money for his family. By dominating the business side of producing, he was able to make 500 thousand dollars a year selling type beats online.

Taylor and Mira met online as well.

They started chatting and playing video games together.

They bonded over a shared interest in online beat making and developed Internet Money as a gathering place for producers to sell their beats and connect with artists.

What’s Next?

In his interview with The Fader, Mira admits that beats were a stepping stone.

His success and the collective showed him how much he was capable of, making him eager to go after more. “I want to write a book, I want to do documentaries, I want to do TV shows – I want to do whatever we can do.”¹

With his sights set on anything, we’re interested to see the direction the young entrepreneur’s career takes. 

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Net Worth 2024

So, how much is Nick Mira worth? Mira earned most of his wealth from selling beats to other artists. He even said during an interview that – ”as soon as I started making them (beats), I thought, I’m about to sell all my beats for 99 cents, make a bunch of money, and people are going to listen to them.” Therefore, Nick Mira has an estimated net worth of $1 million.

Nick co-owns Internet Money Records, a YouTube channel that runs advertisements. On Instagram, Mira has over 404K followers.

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