What is Megan Thee Stallion's Net Worth?
Megan Thee Stallion is a multiple-award-winning rapper who has a net worth of $30 million. Megan Thee Stallion first rose to prominence through her freestyle rap videos on social media. In March 2021, Megan Thee Stallion won three Grammy awards: Best New Artist, Best Rap Song, and Best Rap Performance. She gained mainstream fame with the 2019 mixtape "Fever," the 2020 EP "Suga," and her debut album "Good News," all of which made it onto the Billboard 200. She first started to gain international attention thanks to her single "Hot Girl Summer." In addition to her hit singles "Savage" and "Body," she was featured on the smash Cardi B song "WAP."
Endorsements
In 2020, Megan Thee Stallion became a global brand ambassador for the cosmetics company Revlon. At the Super Bowl in February 2022, Megan appeared in an ad for Cheetos. She was reportedly paid $2 million to appear in the commercial. Megan was paid $1 million for a partnership with Popeyes. She also received a Popeyes franchise from the deal.
In 2022, Megan signed a $3 million deal with Time Inc. to produce a documentary based on her life. She also signed 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.
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Shooting Incident
In July of 2020, Megan Thee Stallion announced that she had been shot multiple times by rapper Tory Lanez and that she had undergone surgery to remove the bullets. Although Lanez denied the claims, it was later revealed that he had bribed her to keep quiet about the incident. He was subsequently charged by LA County prosecutors and was issued a protective order requiring him to stay at least 100 yards away from Megan Thee Stallion. In December 2021, Tory was found guilty. He is facing a potential sentence of 22 years in prison.
1501 Lawsuit
In 2018, Megan became the very first female rapper to sign with Houston record label 1501 Certified Entertainment, which was started by baseball player Carl Crawford. She received a $50,000 advance from the deal. Years later, after she became a global sensation, Megan sued 1501 in a dispute over her royalties.
According to the lawsuit, details of which were leaked online, under the terms of her deal 1501 is entitled to 50% of her publishing revenue, 60% of her royalties, and 30% of all revenue earned by Megan from touring and sponsorships. In counterclaims, 1501 asserted it is owed $10 million worth of profit-sharing income. In the dispute Megan was represented by Jay-Z's Roc Nation, with which she signed in 2019. Megan and 1501 settled their lawsuit on amicable terms in October 2023.
Warner Music Group 2024 Masters Ownership
In February 2024, Megan signed a deal with Warner Music Group that allowed her to remain an independent artist while using the company's services for distribution, radio promotion, and marketing. Megan also received full ownership of her masters and publishing through the deal and will release all new music independently through her label, Hot Girl Productions.
(Photo by Leon Bennett/FilmMagic)
Early Life
Megan Thee Stallion, whose real name is Megan Jovon Ruth Pete, was born on February 15, 1995, in San Antonio, Texas. Just after her birth, her family moved to Houston, where Pete was raised by her rapper mother, Holly, in the South Park neighborhood. At the age of 14, she and her mother moved to Pearland. There, Pete started writing raps of her own and attended Pearland High School. She subsequently enrolled at Prairie View A&M University.
While in college, Pete started uploading videos of her freestyle raps on social media, particularly on Instagram. After one of her videos went viral, she began to accumulate a significant following. Pete then adopted the stage name Megan Thee Stallion due to her being called a stallion in her adolescence on account of her height and thick body frame.
First Music Releases
Megan Thee Stallion released her first single, "Like a Stallion," in April of 2016. The next year, she made her professional commercial debut with the EP "Make it Hot," which spawned the popular single "Last Week in HTx."
In early 2018, Megan Thee Stallion signed to the independent Houston-based label 1501 Certified Entertainment as its first-ever female rapper. Following a performance at SXSW in March, she released a ten-song EP called "Tina Snow." That November, she signed to another label, 300 Entertainment. By April 2019, Megan Thee Stallion had her first Billboard Hot 100 chart entry with the single "Is it Love This Time," which peaked at number 65. Her star continued to rise with the release of her mixtape "Fever" and the single "Hot Girl Summer," featuring Nicki Minaj and Ty Dolla Sign. "Hot Girl Summer" made it to number 11 on the Billboard Hot 100, becoming Megan Thee Stallion's first top-20 single.
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Suga, Good News & Traumazine
In early 2020, following the release of the single "Diamonds," Megan Thee Stallion released her EP "Suga" and its lead single "B.I.T.C.H." Another one of its singles, "Savage," quickly went viral when a popular TikTok user danced to it in one of her videos. A little later, the song became even more well-known when it was remixed with Beyoncé. "Savage" went on to top the Billboard 100, as well as boost the sales of "Suga." During the summer, Megan Thee Stallion had further massive hits with the singles "Girls in the Hood" and "WAP," the latter of which became her second chart-topping single in the US. She went on to receive eight nominations at the BET Hip Hop Awards and four nominations at the Grammy Awards, ultimately winning Best New Artist, Best Rap Song, and Best Rap Performance at the latter.
In November 2020, Megan Thee Stallion released her debut studio album, "Good News." Featuring guest appearances by such artists as 2 Chainz, Mustard, Big Sean, Young Thug, and DaBaby, the album was a huge success, debuting at number two on the Billboard 200 and number one on the Top R&B/Hip-Hop Albums chart. Moreover, it spawned the hit singles "Don't Stop" and "Body."
On August 11, 2022, Megan Thee Stallion took to Twitter and announced that her second studio album, "Traumazine," would be released the next day.
Other Collaborations
Among Megan Thee Stallion's other collaborations, she was featured on the track "Handsome" from Chance the Rapper's debut album "The Big Day." In early 2021, she was featured on the remix of Ariana Grande's "34+35" alongside fellow rapper Doja Cat.
Style and Influences
Megan Thee Stallion has cultivated a stage persona characterized by confident, overt sexuality. In terms of her music, she is known for her explicit lyrics and wordplay. She cites among her musical influences Lil' Kim, Three 6 Mafia, and the Notorious B.I.G.
Personal Life
Influenced by her mother, who passed away in March of 2019, Megan Thee Stallion decided to study health administration. She subsequently enrolled at Texas Southern University to resume her studies in the field.
On Instagram Live in February of 2021, Megan Thee Stallion confirmed that she was in a relationship with fellow rapper Pardison Fontaine. She has six dogs: three French bulldogs, a Cane Corso, a pit bull, and a merle dog.
Florida Mansion
In July 2021, Megan paid $6 million for a 7,600-square-foot mansion in Pinecrest, Florida. The property has a private lake in the backyard.
