Megan Thee Stallion's Net Worth Races Past $30 Million in 2024

Megan Thee Stallion's Net Worth Races Past $30 Million in 2024.

What is Megan Thee Stallion's Net Worth?

Megan Thee Stallion is a super successful rapper with a net worth of around $30 million. She really made a name for herself with her freestyle rap videos on social media. In March 2021, she snagged three Grammy awards: Best New Artist, Best Rap Song, and Best Rap Performance. Her rise to fame kicked off with her 2019 mixtape "Fever," followed by the 2020 EP "Suga," and her debut album "Good News," all of which hit the Billboard 200. She caught the world's attention with her track "Hot Girl Summer." Along with her popular songs "Savage" and "Body," she also appeared on the huge Cardi B hit "WAP."

Endorsements

In 2020, Megan Thee Stallion became a global brand ambassador for Revlon, the cosmetics giant. Fast forward to February 2022, she starred in a Cheetos ad during the Super Bowl, raking in a cool $2 million for her appearance. She also struck a $1 million deal with Popeyes, which included getting a franchise as part of the agreement.

In 2022, Megan inked a $3 million contract with Time Inc. to create a documentary about her life. Plus, she landed an exclusive first-look deal with Netflix to develop and executive produce new series and projects.

Her other endorsements and commercials feature campaigns for True Religion jeans, Amazon Prime Day, and Planet Fitness.

Shooting Incident

In July 2020, Megan Thee Stallion revealed that she had been shot several times by rapper Tory Lanez and had to have surgery to get the bullets removed. While Lanez denied the allegations, it later came to light that he had tried to pay her off to stay silent about what happened.

As a result, LA County prosecutors charged him, and he was given a protective order that mandated he keep at least 100 yards away from Megan. By December 2021, Tory was convicted and could be looking at a sentence of up to 22 years behind bars.

1501 Lawsuit

In 2018, Megan made history as the first female rapper to join Houston's 1501 Certified Entertainment, a label founded by baseball player Carl Crawford. She got a $50,000 advance from the deal. Fast forward a few years, and after skyrocketing to fame, Megan found herself in a legal battle with 1501 over her royalties.

The lawsuit, which had some details leaked online, claimed that according to her contract, 1501 was entitled to 50% of her publishing revenue, 60% of her royalties, and 30% of all the money she made from touring and sponsorships. In response, 1501 claimed they were owed $10 million in profit-sharing income. Megan was backed by Jay-Z's Roc Nation, which she joined in 2019. Fortunately, they reached a friendly settlement in October 2023.

RELATED: Robert Kardashian Jr's Net Worth: How He Built $10 Million.

Warner Music Group 2024 Masters Ownership

In February 2024, Megan struck a deal with Warner Music Group that lets her stay an independent artist while tapping into their services for distribution, radio promotion, and marketing. She also secured complete ownership of her masters and publishing, and she'll be dropping all her new music independently under her label, Hot Girl Productions.

Early Life

Megan Thee Stallion, born Megan Jovon Ruth Pete on February 15, 1995, in San Antonio, Texas, moved to Houston shortly after her birth. She was raised in the South Park area by her rapper mom, Holly. When she turned 14, they relocated to Pearland, where Megan began writing her own raps and attended Pearland High School. Later, she went on to study at Prairie View A&M University.

While in college, she started sharing videos of her freestyle raps on social media, especially Instagram. One of her videos blew up, and she quickly gained a large following. It was during this time that she took on the stage name Megan Thee Stallion, a nickname she got in her teenage years because of her height and curvy figure.

First Music Releases

Megan Thee Stallion dropped her debut single, "Like a Stallion," back in April 2016. The following year, she kicked off her professional career with the EP "Make it Hot," which included the hit track "Last Week in HTx."

In early 2018, she made waves by signing with the Houston-based label 1501 Certified Entertainment, becoming their first female rapper. After a standout performance at SXSW in March, she released a ten-track EP titled "Tina Snow." Later that November, she joined forces with another label, 300 Entertainment.

By April 2019, Megan made her mark on the Billboard Hot 100 with "Is it Love This Time," which hit number 65. Her momentum kept building with the mixtape "Fever" and the smash hit "Hot Girl Summer," featuring Nicki Minaj and Ty Dolla Sign. "Hot Girl Summer" climbed to number 11 on the Billboard Hot 100, marking Megan's first entry into the top 20.

Suga, Good News & Traumazine

In early 2020, after dropping her single "Diamonds," Megan Thee Stallion put out her EP "Suga," featuring the lead track "B.I.T.C.H." One of the other songs, "Savage," blew up online thanks to a popular TikTok dancer. It gained even more traction when Beyoncé hopped on the remix. "Savage" ended up hitting the top of the Billboard 100 and helped boost "Suga's" sales.

That summer, Megan scored more hits with "Girls in the Hood" and "WAP," the latter becoming her second number-one single in the US. She snagged eight nominations at the BET Hip Hop Awards and four at the Grammys, winning Best New Artist, Best Rap Song, and Best Rap Performance.

Then in November 2020, Megan released her first studio album, "Good News." With features from artists like 2 Chainz, Mustard, Big Sean, Young Thug, and DaBaby, the album was a massive hit, debuting at number two on the Billboard 200 and taking the top spot on the Top R&B/Hip-Hop Albums chart. It also produced popular singles like "Don't Stop" and "Body."

On August 11, 2022, Megan announced on Twitter that her second studio album, "Traumazine," would drop the following day.

Other Collaborations

Megan Thee Stallion has teamed up with various artists, including a feature on Chance the Rapper's debut album "The Big Day" with the track "Handsome." In early 2021, she also joined forces with Ariana Grande and Doja Cat for the remix of "34+35."

Style and Influences

Megan Thee Stallion has built a bold stage presence that embraces confident and overt sexuality. Her music is known for its explicit lyrics and clever wordplay. She draws inspiration from artists like Lil' Kim, Three 6 Mafia, and the Notorious B.I.G.

Personal Life

After losing her mother in March 2019, Megan Thee Stallion was motivated to pursue a degree in health administration. She went on to enroll at Texas Southern University to continue her education in that field.

In February 2021, during an Instagram Live session, Megan confirmed her relationship with fellow rapper Pardison Fontaine. She’s also a proud dog mom to six pups: three French bulldogs, a Cane Corso, a pit bull, and a merle dog.

RELATED: Melania Trump's Shocking $50 Million Net Worth Revealed!

Florida Mansion

In July 2021, Megan splurged $6 million on a stunning 7,600-square-foot mansion in Pinecrest, Florida, which features a private lake in the backyard.

Megan Thee Stallion's journey from social media freestyler to Grammy-winning artist is a testament to her talent, resilience, and business acumen. With a $30 million net worth, she has built a successful career through chart-topping albums, hit singles, and lucrative endorsements.

Her entrepreneurial spirit is evident in her strategic partnerships with major brands and her independent approach to music. As she continues to evolve both artistically and personally, Megan remains an influential figure in the entertainment industry, inspiring countless fans and aspiring artists. Her future is bright, and she’s poised for even greater success in the years to come.