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 acclaimed rapper with multiple awards under her belt. Rising to fame through her freestyle rap videos on social media, she won three Grammy awards in March 2021: Best New Artist, Best Rap Song, and Best Rap Performance. Mainstream success came from her 2019 mixtape “Fever,” the 2020 EP “Suga,” and her debut album “Good News,” all of which achieved Billboard 200 success. Her single “Hot Girl Summer” initially brought her international recognition. Alongside hit singles like “Savage” and “Body,” she collaborated on the hit Cardi B track “WAP.”

Endorsements

In 2020, Megan Thee Stallion became a global brand ambassador for the cosmetics giant Revlon. At the Super Bowl in February 2022, she featured in a Cheetos advertisement, reportedly earning $2 million for her appearance. Additionally, she struck a partnership with Popeyes worth $1 million, which also included the acquisition of a Popeyes franchise as part of the agreement.

2022 also saw Megan signing a $3 million deal with Time Inc. for a documentary focused on her life, while further securing an exclusive first-look deal with Netflix to create and executive produce various new series and projects.

Shooting Incident

In July 2020, Megan Thee Stallion revealed 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 was uncovered that he had attempted to bribe her into silence regarding the incident. Subsequently, he faced charges from LA County prosecutors and was issued a protective order mandating he maintain a distance of at least 100 yards from Megan Thee Stallion. In December 2021, Tory was convicted and now faces a possible sentence of 22 years in prison.

1501 Lawsuit

Megan made history in 2018 as the first female rapper to join Houston’s 1501 Certified Entertainment, a label established by baseball player Carl Crawford, receiving an advance of $50,000. Years later, following her rise to global stardom, she initiated a lawsuit against 1501 concerning a dispute over her royalties.

Details of the lawsuit, which were leaked online, indicated that, according to the agreement, 1501 was entitled to 50% of her publishing revenue, 60% of her royalties, and 30% of all earnings from her tours and sponsorships. In counterclaims, 1501 contended that they were owed $10 million in profit-sharing income. Megan was represented by Jay-Z’s Roc Nation, which she joined in 2019. The lawsuit was amicably settled between Megan and 1501 in October 2023.

Warner Music Group 2024 Masters Ownership

In February 2024, Megan entered into a deal with Warner Music Group, enabling her to retain her independence as an artist while utilizing the company’s distribution, radio promotion, and marketing services. As part of the agreement, she gained complete ownership of her masters and publishing, with plans to release all new music independently under her label, Hot Girl Productions.

Early Life

Born on February 15, 1995, in San Antonio, Texas, Megan Thee Stallion, whose real name is Megan Jovon Ruth Pete, saw her family move to Houston shortly after her birth. In the South Park neighborhood, she was raised by her mother, Holly, who was a rapper. When she turned 14, she and her mother relocated to Pearland, where Pete began to write her own raps while attending Pearland High School. Eventually, she enrolled in Prairie View A&M University.

During her college years, Pete started sharing videos of her freestyle raps on social media platforms, particularly Instagram. A significant following began to build after one of her videos went viral. It was during this time that she adopted the stage name Megan Thee Stallion, a name derived from her childhood nickname “stallion,” which was inspired by her height and curvy body frame.

First Music Releases

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

Early in 2018, she became the first female rapper to sign with the independent Houston-based label 1501 Certified Entertainment. After a notable performance at SXSW in March, she launched a ten-song EP titled “Tina Snow.” In November of the same year, she signed with 300 Entertainment. By April 2019, her single “Is it Love This Time” had made her mark on the Billboard Hot 100 chart, reaching a peak of number 65. Her rising success continued with the release of the mixtape “Fever” and the single “Hot Girl Summer,” featuring Nicki Minaj and Ty Dolla Sign. This track made it to number 11 on the Billboard Hot 100, marking Megan Thee Stallion’s first top-20 single.

Suga, Good News & Traumazine

After releasing the single “Diamonds” in early 2020, Megan Thee Stallion produced her EP “Suga” along with its lead single, “B.I.T.C.H.” Another hit from the EP, “Savage,” gained massive popularity when a well-known TikTok user featured it in one of her videos. The song became even more famous when it was remixed with Beyoncé. “Savage” reached the top of the Billboard 100 and significantly boosted the sales of “Suga.” During the summer, she had more major successes with singles like “Girls in the Hood” and “WAP,” which was the latter.

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

Megan Thee Stallion debuted her studio album, “Good News,” in November 2020. The album featured guest appearances from artists like 2 Chainz, Mustard, Big Sean, Young Thug, and DaBaby, and it achieved remarkable success, debuting at number two on the Billboard 200 and securing the top spot on the Top R&B/Hip-Hop Albums chart. Additionally, it produced the hit singles “Don’t Stop” and “Body.”

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

Other Collaborations

Megan Thee Stallion’s other collaborations include a feature on the track “Handsome” from Chance the Rapper’s debut album, “The Big Day.” In early 2021, she collaborated on the remix of Ariana Grande’s “34+35,” alongside rapper Doja Cat.

Style and Influences

With a stage persona marked by confident, overt sexuality, Megan Thee Stallion is recognized for her explicit lyrics and clever wordplay in her music. Her musical influences include Lil’ Kim, Three 6 Mafia, and the Notorious B.I.G.

Personal Life

Megan Thee Stallion, inspired by her mother who passed away in March 2019, chose to pursue health administration. She subsequently enrolled at Texas Southern University to continue her education in the field.

During an Instagram Live session in February 2021, she confirmed her relationship with fellow rapper Pardison Fontaine. Megan is also a dog lover, owning six dogs: 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. The property includes a private lake in the backyard.