In case you weren’t aware, hip-hop is the music industry’s biggest and most lucrative genre, a multibillion-dollar juggernaut accounting for more than a third of all streams globally. One of the many to benefit from that popularity is Yo Gotti, the “Recession Proof” rapper and record company CEO who’s just spent big on a mansion within an exclusive Westlake Village enclave — the same guard-gated community where other residents include YouTube’s very own Trisha Paytas, Disney CEO Bob Chapek, NFL star Cooper Kupp, Heather Locklear, and WWE star The Miz.
Born Mario Mims in Memphis, Tenn., Gotti has been rapping and recording music since the late ’90s. But his rise to fame and fortune was more gradual than many viral acts of today; it took a half-dozen albums and countless singles before his success culminated with 2016’s “The Art of Hustle,” which peaked at #4 on the Billboard 200 album chart, and 2017’s “Rake It Up” featuring Nicki Minaj, which went top 10 on the Hot 100 singles chart. Gotti is perhaps just as well-known for his career as a businessman and record exec as he is for performing; the 40-year-old founded Collective Music Group (CMG), a Nashville-based record company where he serves as CEO.
As for the Tuscan-style Westlake Village property, it was custom-built in 1999 for Bruce Kanter, a former CFO of media company Westwood One, and his wife Marina. The couple lived in the mansion for more than 20 years before selling it to Gotti for $7.6 million, an amount records reveal was actually $100,000 more than the asking price — strongly indicating there was some competition for the estate.