Megan Thee Stallion Net Worth (Money & Salary)

Megan Thee Stallion’s Net Worth: What Is It?

Megan Thee Stallion, a rapper who has won multiple awards, boasts a net worth of $30 million. She gained fame primarily through her freestyle rap videos shared on social media. In March 2021, she secured three Grammy awards: Best New Artist, Best Rap Song, and Best Rap Performance. Her mainstream breakthrough came through the mixtape “Fever” (2019), the EP “Suga” (2020), and her debut album “Good News,” all of which charted on the Billboard 200. The single “Hot Girl Summer” was pivotal in gaining her international recognition, and she enjoyed further success with hits such as “Savage” and “Body,” in addition to being featured on Cardi B’s blockbuster “WAP.”

Endorsements

In 2020, Megan Thee Stallion was appointed as a global brand ambassador for Revlon, a cosmetics company. She starred in a Cheetos advertisement during the Super Bowl in February 2022, reportedly earning $2 million for that appearance. A partnership with Popeyes netted her $1 million, and she also received a franchise from the collaboration.

In 2022, Megan inked a deal with Time Inc. valued at $3 million to produce a documentary chronicling her life. Additionally, she secured an exclusive first-look arrangement with Netflix, where she would create and executive produce a range of new series and projects.

The Shooting Incident

In July 2020, Megan Thee Stallion revealed that she had been shot multiple times by rapper Tory Lanez and underwent surgery to remove the bullets. Despite Lanez denying the allegations, it emerged that he had attempted to bribe her to remain silent about the event. Subsequently, LA County prosecutors charged him, and a protective order was put in place mandating that he stay at least 100 yards away from Megan. In December 2021, Tory was convicted and faces a possible 22-year prison sentence.

The 1501 Lawsuit

Megan became the first female rapper to sign with Houston’s 1501 Certified Entertainment label, established by baseball player Carl Crawford, in 2018. She received a $50,000 advance as part of that deal. After gaining global stardom in the following years, Megan filed a lawsuit against 1501 concerning her royalties.

The lawsuit, details of which were leaked, alleged that under her agreement, 1501 was entitled to 50% of her publishing revenue, 60% of her royalties, and 30% of all income she earns from touring and sponsorships. In its counterclaims, 1501 asserted it was owed $10 million in profit-sharing income. During this dispute, Megan was represented by Jay-Z’s Roc Nation, with whom she signed in 2019. The lawsuit was amicably resolved between Megan and 1501 in October 2023.

Ownership of Warner Music Group 2024 Masters

In February 2024, Megan signed a new agreement with Warner Music Group that allows her to maintain her independence as an artist while utilizing the company’s services for distribution, radio promotion, and marketing. Through this deal, she secured complete ownership of her masters and publishing rights and plans to release all future 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, experienced a relocation to Houston shortly after her birth. It was here that her rapper mother, Holly, raised her in the South Park neighborhood. At the age of 14, she and her mother moved to Pearland, where Pete began to write her own raps while attending Pearland High School. She later enrolled at Prairie View A&M University.

During her college years, she started sharing videos of her freestyle raps on social media, especially on Instagram. One of these videos gained viral status, helping her to amass a substantial following. It was during this time that she adopted the stage name Megan Thee Stallion, a nickname stemming from her height and curvy body frame that she earned during her youth.

First Music Releases

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

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

Suga, Good News & Traumazine

After the release of the single “Diamonds” in early 2020, Megan Thee Stallion dropped her EP titled “Suga” along with its lead single “B.I.T.C.H.” One of the other tracks, “Savage,” quickly rose to fame when a popular TikTok user featured it in a dance video. Later, its popularity surged further with a remix featuring Beyoncé. “Savage” topped the Billboard 100 and significantly boosted sales of “Suga.” Over the summer, Megan Thee Stallion enjoyed additional major successes with the singles “Girls in the Hood” and “WAP,” the latterof which marked her second chart-topping single in the US. She later garnered eight nominations at the BET Hip Hop Awards along with four nominations at the Grammy Awards, winning titles such as Best New Artist, Best Rap Song, and Best Rap Performance at the latter.

Megan Thee Stallion unveiled her debut studio album, “Good News,” in November 2020. The album, featuring guest artists including 2 Chainz, Mustard, Big Sean, Young Thug, and DaBaby, was immensely successful, debuting at number two on the Billboard 200 and claiming the top spot on the Top R&B/Hip-Hop Albums chart. Additionally, it produced hit singles like “Don’t Stop” and “Body.”

Other Collaborations

Megan Thee Stallion has collaborated with various artists, including her feature on the track “Handsome” from Chance the Rapper’s debut album “The Big Day.” In early 2021, she contributed to the remix of Ariana Grande’s “34+35,” partnering with fellow rapper Doja Cat.

Style and Influences

Known for a stage persona that exudes confidence and overt sexuality, Megan Thee Stallion’s music features explicit lyrics and clever wordplay. She draws inspiration from musicians such as Lil’ Kim, Three 6 Mafia, and the Notorious B.I.G.

Personal Life

After being influenced 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.

During an Instagram Live session in February 2021, Megan Thee Stallion revealed her relationship with fellow rapper Pardison Fontaine. She is also a proud owner of six dogs: three French bulldogs, a Cane Corso, a pit bull, and a merle dog.

Florida Mansion

In July 2021, Megan purchased a 7,600-square-foot mansion in Pinecrest, Florida, for $6 million. This property features a private lake located in the backyard.