Net Worth Ranker
What Is Megan Thee Stallion’s Net Worth?
As of today, Megan Thee Stallion’s net worth is estimated to be $30 million. This figure is primarily built from her successful music career, endorsements, and strategic business ventures.
Early Life and Career Beginnings
Megan Jovon Ruth Pete, known professionally as Megan Thee Stallion, was born on February 15, 1995, in San Antonio, Texas. Shortly after her birth, her family relocated to Houston, where she spent her formative years in the South Park neighborhood. At 14, she moved to Pearland with her mother. Megan attended Pearland High School and later enrolled at Prairie View A&M University. During her college years, she started showcasing her freestyle raps on social media platforms like Instagram, leading to significant online recognition.
Her foray into the music industry began with the release of her first single, “Like a Stallion,” in April 2016. In 2017, she made her professional commercial debut with the EP “Make it Hot,” featuring the single “Last Week in HTx.” In early 2018, Megan became the first female rapper to sign with Houston-based independent label 1501 Certified Entertainment, receiving a $50,000 advance.
Musical Achievements and Revenue
Megan Thee Stallion’s breakthrough came with the 2019 mixtape “Fever,” followed by the 2020 EP “Suga” and her debut album “Good News.” These projects significantly boosted her income, securing spots on the Billboard 200 chart. Her single “Hot Girl Summer,” featuring Nicki Minaj and Ty Dolla Sign, reached number 11 on the Billboard Hot 100, marking her first top-20 single.
The “Suga” EP featured the hit single “Savage,” which went viral on TikTok and later topped the Billboard 100 after a remix with Beyoncé. This success contributed to increased sales and streaming revenue. In the summer of 2020, she released “Girls in the Hood” and “WAP” (with Cardi B), the latter becoming her second chart-topping single in the US. These hits led to eight nominations at the BET Hip Hop Awards and four at the Grammy Awards, where she won Best New Artist, Best Rap Song, and Best Rap Performance in March 2021.
Her debut studio album, “Good News,” released in November 2020, featured collaborations with artists like 2 Chainz, Mustard, Big Sean, Young Thug, and DaBaby. The album debuted at number two on the Billboard 200 and number one on the Top R&B/Hip-Hop Albums chart, spawning hits like “Don’t Stop” and “Body.” Her second studio album, “Traumazine,” was released on August 12, 2022.
Megan Thee Stallion’s deal with Warner Music Group in February 2024 granted her full ownership of her masters and publishing rights. She releases new music independently through her label, Hot Girl Productions, while utilizing Warner Music Group’s services for distribution, radio promotion, and marketing. The financial details of this agreement have not been publicly disclosed, but such deals typically involve significant upfront payments and favorable royalty splits.
Endorsements and Business Ventures
Endorsements play a significant role in boosting Megan Thee Stallion’s net worth. In 2020, she became a global brand ambassador for Revlon. Her appearance in a Cheetos Super Bowl ad in February 2022 earned her a reported $2 million. Additionally, her partnership with Popeyes included a $1 million payment and the ownership of a Popeyes franchise.
In 2022, Megan signed a $3 million deal with Time Inc. to produce a documentary about her life. She also secured an exclusive first-look deal with Netflix to create and executive produce new series and projects. Other endorsements and commercials include campaigns for True Religion jeans, Amazon Prime Day, and Planet Fitness. These endorsements and partnerships provide a substantial boost to her annual income.
Legal Battles and Settlements
Megan Thee Stallion’s legal battles have had financial implications. The lawsuit against 1501 Certified Entertainment, filed in response to disputes over royalties from her recording contract, exposed details of her initial deal. Under its terms, 1501 was entitled to 50% of her publishing revenue, 60% of her royalties, and 30% of revenue from touring and sponsorships. In counterclaims, 1501 sought $10 million in profit-sharing income. Megan, represented by Jay-Z’s Roc Nation, settled the lawsuit with 1501 in October 2023. The specific financial terms of the settlement were not disclosed, but such settlements often involve significant payouts to one or both parties.
In July 2020, Megan Thee Stallion reported being shot by rapper Tory Lanez. Lanez was later found guilty in December 2021. While this incident did not directly impact her net worth, the emotional and professional toll could have indirectly influenced her earnings and opportunities.
Real Estate Holdings
In July 2021, Megan Thee Stallion purchased a 7,600-square-foot mansion in Pinecrest, Florida, for $6 million. The property includes a private lake in the backyard. Real estate investments typically appreciate over time, adding to an individual’s net worth.
Personal Investments
While specific details on her personal investments are not publicly available, it is common for high-net-worth individuals like Megan Thee Stallion to diversify their investments across stocks, bonds, and other financial instruments. These investments can contribute to the growth of her overall net worth.
