Megan Thee Stallion’s Net Worth 2023
Net Worth: $10 million
Date of Birth: February 15, 1995
How She Makes Money: Rapping.
Megan Jovon Ruth Pete, better known as Megan Thee Stallion, is an American rapper who became famous for her freestyles. Megan Thee Stallion’s estimated net worth is around $10 million.
Let's look at how she's made her money.
How Megan Thee Stallion Makes Money: Her Rapping Career
Megan Thee Stallion net worth started when she got discovered for her freestyling prowess on posts from her social media accounts. She has become a hit rap sensation since she first signed with 300 Entertainment. “Fever” was the first mixtape she released in 2019 and enhanced an extended version the year after that, “Suga.” Both mixtapes peaked within the top 10 of the Billboard 200 during their release years.
After her second mixtape, she recorded and released her first album in 2020, “Good News.” The awards kept rolling in, and the album got featured in the top spots on 2020 best album lists from various organizations.
The female rap sensation’s first hit single “Savage” featuring Beyonce was recorded in 2019 and released in March 2020. The song reached #4 on the US Billboard Hot 100 charts and is in the same position for the Billboard Hot R&B/Hip-Hop Songs.
The song also hit #1 on the Billboard US Rhythmic Charts and #1 on the US R&B/Hip-Hop Airplay. In the Billboard US Mainstream Top 40, “Savage” placed at #8 overall in 2020.
Later in 2020, Cardi B featured Megan Thee Stallion in the remix of her hit single, “WAP”, which became #1 in other countries besides the United States such as Canada, Ireland, Greece, the United Kingdom, Lithuania, and New Zealand. The song’s popularity across different countries lead to its #1 spot on the Billboard US Global 200 list.
Their collaboration lea to a #1 spot on the US Billboard Hot 100, US Hot R&B/Hip-Hop Songs, and the Billboard US Rhythmic charts. Her multiple awards from BET and MTV are thanks to her almost overnight sensational success in less than five years in the rap industry.
The bodacious rapper also stays focused on her education throughout her music career. She earned a Bachelor of Science in Health Administration from Texas Southern University in 2021.
Megan Thee Stallion has 30.1 million followers and counting on her official Instagram, which is a leap from when she started freestyling as an independent rapper. Given her more than 80 publications, she has made more than 50K just for posting on Instagram. Check out her social media page for her latest freestyles, photo shoots, and feature updates on her career.
Music Tours and Concerts
Megan Thee Stallion's net worth mostly comes from ticket sales and royalties she earns from doing concerts and tours for her fans. Before she became highly famous in the spotlight, she used to charge $500 per show that she put on for people in her hometown. Just in 2022 alone, the rapper made about $13 million from concerts, touring, endorsements, merchandise, and royalties.
Megan Thee Stallion currently has 25,123,446 listeners on Spotify each month. Artists receive an average of $0.0033 per time that one of their songs gets streamed. Assuming that each person streams at least one of her songs per month, that’s $82,907.37. Of course, this projection has the potential to be much higher depending on how often each fan streams each of her songs.
Megan Thee Stallion Official Online Store
Megan Thee Stallion has an official online store where all of her concert tickets, merchandise, apparel, accessories, and music are available for purchase. She calls her fanbase the Hotties, so it is only fitting to sell a Hottie Mystery Box for $65, where fans can get surprised with select merchandise sent to their door based on the sizes they provide at checkout.
Most apparels are graphic T-shirts with in-your-face sayings. Choose from T-shirts, tank tops, hoodie cover-ups, pajama onesies, and long-sleeve tees featuring famous photo shoots of the artist herself.
In the music section, select from digital singles and albums or get the CD version shipped to your door. The digital version of her albums is $7.99 while the CD versions are a couple of dollars more.
How much money does Megan Thee Stallion make? Most of her net worth is from her digital and CD sales.
Megan Thee Stallion has received various endorsements recently that have propelled her estimated net worth. Some of these endorsements include Popeye’s and Nike and even Cash App and Revlon.
The rapper received a $1 million endorsement from the restaurant that helped to make her new Hottie Sauce. A whopping $250,000 of that endorsement was put towards helping her to own a Popeyes franchise. This is one of Megan Thee Stallion’s first entrepreneurial ventures.
Considering her Hotties fans, she marketed the Megan Thee Stallion Hottie Sauce that became available at Popeyes locations back in October 2021 in over 3,400 United States restaurant locations in Popeyes based in 14 other countries worldwide.
Back in September 2021, Nike endorsed Megan Thee Stallion in a commercial where she proclaims herself as the Hot Girl Coach and discusses her childhood fitness journey. Showing off her favorite Nike kicks, she highlights what people from her past told her to do to take advantage of sports. She counters that by saying she found her passion by training for performing for her audiences. Megan closes by saying it’s time for girls to redefine their athletic journeys.
The rapper and Cash App partnered up in June 2021 to have $1 million of their stock given away to her Hotties fans under the #CashAppForHotties campaign. Fans had to comment on their cash tag from their CashApp to have a chance to win the giveaway.
Revlon designated Megan Thee Stallion as one of their Revlon Global Brand Ambassadors. The hair care company wanted to partner with the rap sensation because of her hard-hitting risk-taking personality and how she is changing the world with her lyrical prowess and influence on women because of her beauty.
Savage x Fenty Brand Partner
Megan Thee Stallion partnered with the Savage x Fenty clothing brand by Rihanna back in May 2020. Because of her hit song “Savage”, the rapper seemed like the perfect fit as a model for the same-named brand.
The social media #SavageChallenge was born when Megan modeled various Savage x Fenty lingerie styles to her hit song “Savage”, which garnered over 800 million social media views from the hashtag itself.
Rumor has it that Rihanna and Megan Thee Stallion ended her brand partnership in early 2022. The reason was Megan possibly flirting with Rihanna’s man, ASAP Rocky.
Additionally, Time, Inc. is the production company that wrote Megan Thee Stallion a $3 million check to begin working on a documentary highlighting successes in her life. Besides this, she already signed a contract with Netflix where she will work to release a hit comedy show that highlights her childhood adventures.
Megan Thee Stallion’s career highlights include hit singles that took the nation by storm and multiple music awards for producing such fire freestyle lyrics:
- Got signed to 300 Entertainment in 2018.
- Has gotten six awards from the television network, BET.
- Won four AMAs during her career.
- Received five rewards from BET Hip Hop Awards.
- Designated as Best New Artist at the 63rd Annual Grammy Awards, which meant she was only the second woman rapper of all time to receive the title.
- Time Magazine named Megan Thee Stallion as one of the 100 most influential individuals for the year 2020, and she also made the cover of the magazine that month. Megan Thee Stallion was at the top of the Pioneers section of the list.
- Her hit single “Thot S–” was within the 20 best songs for 2021. The song got nominated for the Grammy Award for Best Rap Performance.
How Does Megan Thee Stallion Spend Her Money?
Megan Thee Stallion splurges on herself with lavish designer clothing, jewelry, and handbags. However, she also gives back to the community in ways that benefit women and investors of all educational and career backgrounds. Some of their earnings have even been put towards her collegiate education.
Donating $1 Million to Women-Run Businesses
Megan Thee Stallion net worth accommodates donations to women-driven initiatives. On International Women’s Day in 2021, Megan Thee Stallion partnered with Fashion Nova to give away $1 million for a “Women On Top” charity campaign.
Fans had to submit their personal story and Instagram handle to become featured as one of the selected women to get close to $25,000 in giveaways. The campaign was mainly to benefit women-run organizations and businesses.
One study found that 15% of women-run businesses usually fail within the second year of the grand opening while 10% of men-run businesses in that same time frame spiral into failure. Because of this statistic, Megan Thee Stallion wanted to propel women to increased success so that their businesses could thrive and last longer.
Enhancing Her Collegiate Education
The rapper’s graduation from Texas Southern University in 2021 came with a hefty price tag of over $21,000 in tuition costs. However, she was willing to enhance her collegiate education even amid her busy schedule as an American rapper.
What’s more is that she graduated from a university that mainly African Americans attend, which enhanced representation matters during the graduation ceremony. She took command of her education through a part-time collegiate schedule while earning top-notch Grammy awards within the same year.
Megan Thee Stallion loves to wear blinged-out jewelry. One of her favorite statement pieces is a 155-carat necklace encrusted with real diamonds that spells out “Hot Girl”. It includes 14K gold with about one kilogram of it throughout the piece. The custom necklace design was said to have cost about $425,000.
Lavish Clothing and Accessories
The rapper loves to bling herself out in more ways than wearing jewelry. She selects styles that are only the highest echelon in fashion design. She purchased a Dior bag where only two of them were available on the market, which was a hefty price tag of $8,500.
An AREA neon green mini dress she wore to the 2020 American Music Awards cost about $450. A leopard and hibiscus print top that she wore from the Moncler Richard Quinn Collection cost a stunning $715. Bodysuits that she has worn in the past for Saint Laurent, Germanier, and MM6 Maison Margiela have cost between $75 to $1,390 per piece.
How Megan Thee Stallion Got on this Path
Megan was born in Houston, Texas on February the 15th of 1995. She first saw success when fans discovered her freestyle prowess on social media before she signed with 300 Entertainment in 2018. Back in 2016, she performed alongside locally-known rappers in her hometown of Houston.
Her mother was her music manager as Megan Thee Stallion entered the spotlight with her first hit single, “Like a Stallion” which she released in 2016. Her hit single “Savage” in 2020 was what she is most known for even to the present day.
What propelled her into more fame was becoming featured in hit songs like the remix of Ariana Grande and Doja Cat’s “34+35” at the beginning of 2021.
Megan Thee Stallion Net Worth, Final Thoughts
How much money does Megan Thee Stallion make? Megan Thee Stallion net worth is estimated $10 million. Between ticket sales, music royalties, selling merchandise on her official online store, and endorsements from various companies, this is how her net worth is estimated to be so high. We expect even more high-profile developments from the Hot Girl Coach.
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