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Incarcerated rapper Tekashi69 is a rich jailbird. The 23-year-old reportedly signed a multi-million dollar record deal from behind bars.

Tekashi's problems may be over after he agreed to snitch on his former 9 Trey Gangsta Bloods associates in exchange for a significant decrease in his prison sentence.

Prior to snitching on his gang associates, Tekashi faced a minimum of 47 years in prison on charges of attempted murder, weapons possession, kidnapping and racketeering.

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Execs at Tekashi's former record label - 10K Projects - are so confident that he will be released soon, that they offered him a record deal worth more than $10 million!

According to TMZ, Tekashi is looking at a 2020 prison release with credit for time served.

In addition to shelling out $10 million to the "FEFE" rapper, the record label may be forced to foot the bill for the rapper's 24/7 security.

Tekashi declined to enter the government's witness protection program after snitching on his gangsta pals. His life is in danger the moment he walks out of prison.