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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.

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Tekashi69 reportedly turned down the opportunity to enter the United States Federal Witness Protection Program. The 23-year-old rapper considered entering the program after testifying against fellow members of the Nine Trey Gangsta Bloods street gang.

Last week, the troubled rapper testified that fellow rappers Jim Jones and Cardi B were involved with the Bloods gang.

He also admitted he helped try to kill a rival gang member, as part of a plea bargain to avoid a potential 47-year prison sentence.

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While Tekashi 6ix9ine, real name Daniel Hernandez, was mocked by fellow rapper Snoop Dogg for being a "snitch", TMZ reported the rapper rejected an offer to enter the program because he wants to revive his recording career once he's freed from prison.

TMZ added that, instead of government-funded protection, he'll hire his own 24/7 security team to guard him and his family.

Although he's currently behind bars without bond, Tekashi apparently believes he'll be able to pick up his music career once he's out of jail - as early as next year, as part of his plea bargain with federal prosecutors.

Tekashi was expected to go into the witness protection program, but he was told he would have to pay to remove his distinctive tattoos.

Tekashi's trial is expected to wrap on Thursday. The trial will be documented in the upcoming Snapchat series Tekashi69 Vs The World, which is expected to drop soon.