Megan Thee Stallion Net Worth (Money & Salary)

What is Megan Thee Stallion’s Net Worth?

Megan Thee Stallion, a rapper with multiple awards to her name, boasts a net worth estimated at $30 million. Her rise to fame began with freestyle rap videos shared on social media. In March 2021, she achieved significant recognition by winning three Grammy awards: Best New Artist, Best Rap Song, and Best Rap Performance. The mixtape “Fever” from 2019, the EP “Suga” released in 2020, and her debut album “Good News” all made the Billboard 200 chart, solidifying her mainstream success. Her single “Hot Girl Summer” played a key role in garnering international recognition, alongside hits such as “Savage” and “Body,” and her feature on Cardi B’s blockbuster track “WAP.”

Endorsements

In 2020, Megan Thee Stallion was appointed as a global brand ambassador for the cosmetics company Revlon. In February 2022, she featured in a Cheetos advertisement during the Super Bowl, for which she was reportedly compensated $2 million. A $1 million partnership with Popeyes also came her way, along with a franchise as part of the arrangement.

Megan signed a $3 million contract with Time Inc. in 2022 to create a documentary about her life. Furthermore, she entered into an exclusive first-look agreement with Netflix to develop and executive produce new series and projects.

Shooting Incident

In July 2020, Megan Thee Stallion revealed that she had been shot multiple times by rapper Tory Lanez and that surgery was required to remove the bullets. While Lanez denied these allegations, it later came to light that he had attempted to bribe her to remain silent about the incident. Consequently, he faced charges from LA County prosecutors and was mandated to maintain a distance of at least 100 yards from Megan Thee Stallion. In December 2021, Tory was found guilty and is facing a potential maximum sentence of 22 years in prison.

1501 Lawsuit

Megan made history in 2018 by being the first female rapper to sign with Houston-based record label 1501 Certified Entertainment, founded by baseball player Carl Crawford, receiving a $50,000 advance upon signing. However, as her popularity skyrocketed, she filed a lawsuit against 1501 regarding royalties.

The lawsuit, details of which were disclosed online, indicated that per her contract, 1501 is entitled to 50% of her publishing revenue, 60% of her royalties, and 30% of all profits from her touring and sponsorships. In a counterclaim, 1501 argued that it was owed $10 million in profit-sharing income. Megan was represented by Jay-Z’s Roc Nation in the lawsuit, which she joined in 2019. The lawsuit between Megan and 1501 was amicably settled in October 2023.

Warner Music Group 2024 Masters Ownership

In February 2024, Megan entered into a deal with Warner Music Group that allowed her to continue as an independent artist while utilizing the company’s distribution, radio promotion, and marketing services. This agreement granted her full ownership of her masters and publishing, enabling her to release all new music independently via her label, Hot Girl Productions.

“`html

Early Life

On February 15, 1995, in San Antonio, Texas, Megan Thee Stallion was born, named Megan Jovon Ruth Pete. After her birth, her family relocated to Houston, where her rapper mother, Holly, raised her in the South Park neighborhood. When Pete was 14, she and her mother moved to Pearland, where she began writing her own raps and attended Pearland High School. She later enrolled at Prairie View A&M University.

While attending college, Pete began posting videos of her freestyle raps on social media, especially on Instagram. One of her videos went viral, leading to a notable increase in her follower count. It was during this time that she adopted the stage name Megan Thee Stallion, a nickname she acquired in her youth due to her height and curvy physique.

First Music Releases

In April 2016, Megan Thee Stallion launched her first single, “Like a Stallion.” The following year, she made her professional commercial debut with her EP “Make it Hot,” which featured the hit single “Last Week in HTx.”

In early 2018, Megan Thee Stallion became the first-ever female rapper to sign with the independent label 1501 Certified Entertainment based in Houston. After a performance at SXSW in March, she released a ten-track EP titled “Tina Snow.” Later that November, she signed with another label, 300 Entertainment. By April 2019, Megan achieved her first Billboard Hot 100 chart entry with “Is it Love This Time,” which peaked at number 65. Her recognition continued to grow with her mixtape “Fever” and the single “Hot Girl Summer,” featuring Nicki Minaj and Ty Dolla Sign. “Hot Girl Summer” climbed to number 11 on the Billboard Hot 100, marking Megan Thee Stallion’s first top-20 single.

Suga, Good News & Traumazine

In early 2020, following the release of the single “Diamonds,” Megan Thee Stallion unveiled her EP “Suga” along with its lead single “B.I.T.C.H.” One of the other singles, “Savage,” gained massive popularity when a TikTok user created a dance for it. The song reached even greater fame after being remixed with Beyoncé. “Savage” reached the top of the Billboard 100, significantly boosting sales of the “Suga” EP. During that summer, Megan also enjoyed major successes with singles like “Girls in the Hood” and “WAP,” the latter
“`

This marked her second chart-topping single in the US. Following this success, she garnered eight nominations at the BET Hip Hop Awards and four nominations at the Grammy Awards, ultimately taking home awards for Best New Artist, Best Rap Song, and Best Rap Performance at the Grammys.

Megan Thee Stallion unveiled her debut studio album, “Good News,” in November 2020. Featuring collaborations with renowned artists such as 2 Chainz, Mustard, Big Sean, Young Thug, and DaBaby, the album achieved remarkable success, debuting at number two on the Billboard 200 and securing the top spot on the Top R&B/Hip-Hop Albums chart. Furthermore, it produced hit singles like “Don’t Stop” and “Body.”

Other Collaborations

Among Megan Thee Stallion’s various collaborations, she was featured on the track “Handsome” from Chance the Rapper’s debut album “The Big Day.” Early in 2021, she joined fellow rapper Doja Cat on the remix of Ariana Grande’s “34+35.”

Style and Influences

Megan Thee Stallion has crafted a stage persona defined by confident, overt sexuality. Musically, she is recognized for her explicit lyrics and clever wordplay. Her influences include Lil’ Kim, Three 6 Mafia, and the Notorious B.I.G.

Personal Life

Inspired by her mother, who passed away in March 2019, Megan Thee Stallion chose to pursue a degree in health administration. She later enrolled at Texas Southern University to continue her education in that field.

In February 2021, during an Instagram Live session, Megan Thee Stallion confirmed her relationship with fellow rapper Pardison Fontaine. Additionally, she has six dogs, consisting of three French bulldogs, a Cane Corso, a pit bull, and a merle dog.

Florida Mansion

In July 2021, Megan acquired a 7,600-square-foot mansion in Pinecrest, Florida, for $6 million, complete with a private lake in the backyard.