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How Much Money Does Mgk Have. Mgk started his career out by releasing mixtapes before he was signed to sean combs' record label bad boy records in 2011. What is machine gun kelly's net worth. Machine gun kelly is worth an impressive $10 million, and we can only imagine his career will be on an upward trajectory from here on out. Richard colson baker also known by his stage name machine gun kelly has an estimated net worth of around $25 million dollars, mainly due to his work in the.