The ‘Savage’ rapper, Megan has been nominated for four Grammys in 2021. She stated that she had music in her blood. In fact, Megan went from a ‘Hot Girl Summer’ to a cool multi-millionaire with her ambition, smarts and hard work as well.
With multiple professions that she lives including singer, rapper, actress and also songwriter, surely there’s no doubt if she grosses a lot of profit from her career. Today, she is known as the rapper who earns a fantastic amount which is expected to be more massive once she wins for Best New Artist at the 2021 Grammys.
What Is Megan Thee Stallion’s Net Worth?
As of 2021, Megan’s net worth is approximately $6 million, according to Celebrity Net Worth. She earns her savage worth thanks to her earnings in music and branding. Megan first started to get international attention, thanks to her single ‘Hot Girl Summer’. The good news, she won 3 Grammys awards: Best Rap Song, Best New Artist and Best Rap Performance.
How Does Megan Thee Stallion Make Money?
Megan mostly makes money from her songs ‘Hot Girl Summer’, ‘Body’, ‘Savage’ and the sales from her 2020 debut album, ‘Good News’. She was named one of Forbes 30 Under 30 musicians in 2020. Her debut album topped #2 on the Billboard 200 and sold 100,000 units in its first week, after the release of Good News in November 2020.
As a throwback, Megan released her debut mixtape Fever which reached #5 on the U Rap chart and #10 on the Billboard 200 chart and #6 on the US R&B/Hip-Hop chart in 2019. In 2017, she released the extended plays ‘Make It Hot’ and ‘Tina Show’ in 2018.
Megan’s single ‘Big Ole Freak’ was certified fold and topped #2 on the US R&B/Hip-Hop chart and #23 on the US rap chart. Her single ‘Hot Girl Summer’ feat Nicki Minaj and Ty Dolla Sign topped #5 on the US Rap chart, #11 on the Billboard Hot chart and #7 on the US R&B/Hip-Hop chart.
Her single ‘Cash Shit’ feat DaBaby reached #14 on the US Rap chart. She eventually won an MTV Video Music Award, two BET Hip Hop Awards in 2019 and a Billboard Women in Music Award.
How Does Megan Thee Stallion Spend Money?
Reportedly, Megan mostly spends money on luxurious jewelry. On several occasions she was seen wearing very exclusive jewelry. She was also often wearing the exclusive brands like Richard Mille watch. That’s her highly-coveted and collectible timepieces which costs around $80,000.
Then, one of the tourbillon watches costs about S500,000–$800,000 which can go up to several million dollars in price for some of her more exotic timepieces. Megan spent her money on friends several times. This is one proof of her generosity which is not only willing to spend money on her family, her friends are no exception.
In this case, her net worth is not without drama where he was embroiled in a lawsuit with her farmer record label, 1501 Certified Entertainment founded by former Major League Baseball player Carl Crawford in March 2020.
In 2018, she was signed by 150 Certified Entertainment and released her first LP, Fever in May 2019. The release reached #10 on the Billboard 200 chart. Then, she released another EP, Suga by March 2020 debuted at #10 on the Billboard 200.
According to Forbes, in the lawsuit, Megan claimed that Carl and 1501 Certified Entertainment did nothing for her career and signed her for absurd things. Forbes reported that all 1501 Certified Entertainment did for her was pay her $10,000 advance, however that’s a relatively low figure in the rap industry. The label was assumed to take massive shares of her streaming, merchandising, publishing and live performance earnings.
Aside from her small signing bonus of $10,000 as an advance, her contract reportedly also facilitated a 60/40 split of her earnings between Megan and the label where she would receive her 40 percent once the labe;’s costs were recouped.
Reportedly, the label also owns 50 percent of the undivided rights to worldwide copyright and the exclusive rights to Megan’s catalog with them. Moreover, 30 percent of almost all of her sources of income include endorsements, sponsorship, merchandising and every conceivable version of a live performance: clubs shows, concerts, tours, and hosting.
On the other side, Carl denied that contract was unreasonable in a statement to Variety at the time. 1501 Entertainment’ contract also pointed that it has all rights to Megan’s name and likeness for merchandising and branding as well as control of Megan’s live performances and appearances which require her and the label to mutually agree on the revenue split and tour participants.
The contract also demanded 30 percent of whatever income Megan had from work in film, television and essentially any other non-musical ventures.
Carl, as the label head disputed her claims and revealed that they gave Megan a 60-40 split. He also emphasized that Megan got parts of her masters the first time. She’s also getting $100,000 a show which does not want to pay up.
About Megan Thee Stallion
Megan Jovon Ruth Pete or professionally known as Megan Thee Stallion was born February 15, 1995 in Bexar County, Texas and raised in South Park, Houston. She is known by people as an American rapper, singer, and songwriter.
Megan began writing and rap as a teenager. She first got attention when her freestyling videos became popular on social media platforms like Instagram. She has released three EPs since 2017 including ‘Tina Snow’, ‘Make It Hot’, and ‘Suga’ with the last two EPs entering the US Billboard 200 charts.
She signed with 300 Entertainment in 2018, and released his first full-length mixtape, Fever, in 2019 which received critical acclaim. Her single ‘Savage’ went viral on the social media app, TikTok in 2000 and topped #1 on the US Billboard Hot 100 chart following the release of the remix with Beyoncé.
She has won two BET Awards, two BET Hip Hop Awards, one MTV Video Music Award, and one Billboard Women in Music Award.