Megan Thee Stallion Net Worth (Money & Salary)

What is Megan Thee Stallion’s Net Worth?

With a net worth of $30 million, Megan Thee Stallion is an award-winning rapper. She gained prominence initially through her freestyle rap videos shared on social media platforms. In March 2021, she achieved significant recognition by winning three Grammy awards: Best New Artist, Best Rap Song, and Best Rap Performance. Her mainstream fame skyrocketed with her 2019 mixtape “Fever,” the 2020 EP “Suga,” and her debut album “Good News,” all of which secured spots on the Billboard 200. International attention followed her with the release of her single “Hot Girl Summer.” Besides her notable tracks “Savage” and “Body,” she collaborated on the hit Cardi B song “WAP.”

Endorsements

In 2020, Megan Thee Stallion became a global brand ambassador for the cosmetics brand Revlon. At the Super Bowl in February 2022, she starred in a Cheetos advertisement, reportedly earning $2 million for her appearance. Additionally, she secured a partnership with Popeyes, which compensated her $1 million and included a franchise as part of the deal.

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

Shooting Incident

In July 2020, Megan Thee Stallion disclosed that she had been shot multiple times by rapper Tory Lanez and had to undergo surgery to remove the bullets. Despite Lanez denying the allegations, it later emerged that he had attempted to bribe her to remain silent about the event. Subsequently, he faced charges from LA County prosecutors and was given a protective order that required him to maintain a distance of at least 100 yards from Megan. Tory was found guilty in December 2021 and is looking at a possible 22-year prison sentence.

1501 Lawsuit

Megan made history in 2018 as the first female rapper to sign with Houston-based record label 1501 Certified Entertainment, founded by baseball player Carl Crawford, where she initially received a $50,000 advance. After her rise to global fame, she filed a lawsuit against 1501 regarding her royalties.

The lawsuit, details of which were leaked online, stated that per her agreement, 1501 would be entitled to 50% of her publishing revenue, 60% of her royalties, and 30% of the revenue generated from her tours and sponsorships. In response, 1501 countered that it was owed $10 million in profit-sharing income. With legal representation from Jay-Z’s Roc Nation, which she joined in 2019, Megan and 1501 reached an amicable settlement in October 2023.

Warner Music Group 2024 Masters Ownership

Megan signed a deal with Warner Music Group in February 2024, which permitted her to remain an independent artist while taking advantage of the company’s resources for distribution, radio promotion, and marketing. Furthermore, she acquired full ownership of her masters and publishing through this arrangement and plans to release all future music independently via her label, Hot Girl Productions.

Early Life

Megan Thee Stallion, born Megan Jovon Ruth Pete on February 15, 1995, hails from San Antonio, Texas. Her family relocated to Houston shortly after her birth, where her rapper mother, Holly, raised her in the South Park neighborhood. At 14, she and her mother moved to Pearland, where Pete began writing her own raps and attended Pearland High School. She later pursued further education at Prairie View A&M University.

During her college years, Pete began sharing videos of her freestyle raps on social media, particularly Instagram. After one of her performances gained widespread attention, she started to draw a significant audience. It was during this time that she adopted the stage name Megan Thee Stallion, inspired by the nickname “stallion,” which she received during her teenage years because of her height and curvy figure.

First Music Releases

The first single Megan Thee Stallion released was “Like a Stallion,” which came out in April 2016. The following year marked her professional commercial debut with the EP “Make it Hot,” featuring the hit single “Last Week in HTx.”

In early 2018, she became the first female rapper to sign with the independent label 1501 Certified Entertainment based in Houston. 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, Megan achieved her first Billboard Hot 100 entry with the song “Is it Love This Time,” reaching a peak position of number 65. Her popularity soared with the mixtape “Fever” and the single “Hot Girl Summer,” which featured Nicki Minaj and Ty Dolla Sign. “Hot Girl Summer” hit number 11 on the Billboard Hot 100, signifying Megan Thee Stallion’s first entry into the top-20 singles chart.

Suga, Good News & Traumazine

In early 2020, after the release of the single “Diamonds,” Megan Thee Stallion launched her EP “Suga,” alongside its lead single “B.I.T.C.H.” One of its tracks, “Savage,” gained immense popularity after being featured in a viral TikTok dance. The song further skyrocketed in fame with a remix featuring Beyoncé. “Savage” topped the Billboard 100, significantly increasing the sales of “Suga.” During the summer, Megan continued her success with major hits like “Girls in the Hood” and “WAP,” the latter of which

This marked her second chart-topping single in the US. At the BET Hip Hop Awards, she received eight nominations and garnered four nominations at the Grammy Awards, where she ultimately secured wins for Best New Artist, Best Rap Song, and Best Rap Performance.

“Good News,” Megan Thee Stallion’s debut studio album, was released in November 2020. It featured guest artists like 2 Chainz, Mustard, Big Sean, Young Thug, and DaBaby, achieving significant success by debuting at number two on the Billboard 200 and number one on the Top R&B/Hip-Hop Albums chart, including hit singles such as “Don’t Stop” and “Body.”

On August 11, 2022, she announced through Twitter the upcoming release of her second studio album, “Traumazine,” scheduled for the following day.

Other Collaborations

She contributed to the track “Handsome” from Chance the Rapper’s debut album “The Big Day.” In early 2021, Megan appeared on the remix of Ariana Grande’s “34+35,” collaborating with fellow rapper Doja Cat.

Style and Influences

Characterized by a confident and overtly sexual stage persona, Megan Thee Stallion is also known for her explicit lyrics and clever wordplay in her music. She lists Lil’ Kim, Three 6 Mafia, and the Notorious B.I.G. as her musical influences.

Personal Life

Motivated by her late mother, who died in March 2019, Megan chose to pursue a degree in health administration. She later enrolled at Texas Southern University to continue her education in this area.

During an Instagram Live session in February 2021, she confirmed her relationship with fellow rapper Pardison Fontaine. Additionally, she owns six dogs, including three French bulldogs, a Cane Corso, a pit bull, and a merle dog.

Florida Mansion

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