Megan Thee Stallion Net Worth (Money & Salary)

What is Megan Thee Stallion’s Net Worth?

A multiple-award-winning rapper, Megan Thee Stallion has a net worth totaling $30 million. She initially gained recognition through her freestyle rap videos shared on social media. In March 2021, she celebrated wins at the Grammy Awards, taking home three trophies: Best New Artist, Best Rap Song, and Best Rap Performance. Mainstream exposure arrived with her mixtape “Fever” released in 2019, followed by the EP “Suga” in 2020, and her debut album “Good News,” all of which secured spots on the Billboard 200. Her single “Hot Girl Summer” marked her entry into international fame, in addition to chart-toppers like “Savage” and “Body.” She also collaborated with Cardi B on the hit song “WAP.”

Endorsements

In 2020, Megan Thee Stallion became Revlon’s global brand ambassador. She featured in a Cheetos advertisement during the Super Bowl in February 2022, reportedly earning $2 million for her appearance. A partnership with Popeyes netted her $1 million, along with the opportunity to own a Popeyes franchise as part of the agreement.

Megan signed a $3 million agreement with Time Inc. in 2022 to produce a documentary centered around her life. Additionally, she entered into an exclusive first-look agreement with Netflix to develop and executive produce new series and projects.

Shooting Incident

In July 2020, Megan Thee Stallion revealed that she had been shot multiple times by rapper Tory Lanez, leading her to undergo surgery to remove the bullets. Although Lanez denied the accusations, it later came to light that he had attempted to bribe her into silence regarding the incident. Consequently, he faced charges from LA County prosecutors, along with a protective order mandating that he maintain a distance of at least 100 yards from Megan Thee Stallion. In December 2021, he was found guilty and is now facing a potential sentence of 22 years in prison.

1501 Lawsuit

Megan made headlines in 2018 as the first female rapper to sign with Houston’s 1501 Certified Entertainment, founded by baseball player Carl Crawford, receiving a $50,000 advance as part of her contract. After her rise to global fame, she initiated legal action against 1501 over a royalties dispute.

The lawsuit revealed that the terms of her contract entitled 1501 to 50% of her publishing revenue, 60% of her royalties, and 30% of all income generated from her touring and sponsorships. In response, 1501 claimed $10 million in profit-sharing income. Represented by Jay-Z’s Roc Nation since 2019, Megan reached an amicable settlement with 1501 in October 2023.

Warner Music Group 2024 Masters Ownership

In February 2024, Megan entered into a deal with Warner Music Group that permitted her to continue as an independent artist while utilizing the company’s services for distribution, radio promotion, and marketing. This agreement granted her full ownership of her masters and publishing, enabling her to release new music independently through her label, Hot Girl Productions.

Early Life

Born Megan Jovon Ruth Pete on February 15, 1995, Megan Thee Stallion hails from San Antonio, Texas. Soon after her arrival, her family relocated to Houston, where her mother, Holly, a rapper, raised Pete in the South Park neighborhood. When she turned 14, they moved to Pearland, where she began composing her own rap lyrics and attended Pearland High School. Following that, she pursued her studies at Prairie View A&M University.

During her college years, Pete started to share videos of her freestyle raps on social media, especially Instagram. One of these videos gained significant traction online, leading her to amass a considerable following. It was during this time she took on the stage name Megan Thee Stallion, a reference to being called a “stallion” in her youth due to her height and voluptuous figure.

First Music Releases

Megan Thee Stallion made her debut single, “Like a Stallion,” public in April 2016. The following year, she introduced herself commercially with the EP “Make it Hot,” which featured the hit single “Last Week in HTx.”

In early 2018, Megan Thee Stallion became the first female rapper to sign with the independent label 1501 Certified Entertainment based in Houston. After performing at SXSW in March, she released a ten-track EP titled “Tina Snow.” By November that same year, she had signed with another label, 300 Entertainment. By April 2019, her single “Is it Love This Time” marked her entry onto the Billboard Hot 100, peaking at number 65. Her success continued with the mixtape “Fever” and the 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 top-20 hit.

Suga, Good News & Traumazine

Following the early 2020 release of “Diamonds,” Megan Thee Stallion unveiled her EP “Suga,” accompanied by its lead single “B.I.T.C.H.” Another single from this EP, “Savage,” surged in popularity after a well-known TikTok user danced to it in a video. Its fame increased notably with a remix featuring Beyoncé. “Savage” eventually climbed to the top of the Billboard 100, further enhancing the sales of “Suga.” That summer, Megan Thee Stallion continued her success with major hits such as “Girls in the Hood” and “WAP,” the latter…of which marked her second chart-topping single in the US. Following this success, she garnered eight nominations at the BET Hip Hop Awards along with four nominations at the Grammy Awards, ultimately achieving wins in the categories of Best New Artist, Best Rap Song, and Best Rap Performance at the latter.

In November 2020, Megan Thee Stallion unveiled her debut studio album, “Good News.” The album featured collaborations with 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 hitting number one on the Top R&B/Hip-Hop Albums chart. Additionally, it produced the hit singles “Don’t Stop” and “Body.”

On August 11, 2022, Megan Thee Stallion announced on Twitter that her second studio album, “Traumazine,” was set to be released the following day.

Other Collaborations

In her other collaborations, Megan Thee Stallion was featured on the track “Handsome” from Chance the Rapper’s debut album “The Big Day.” Early in 2021, she appeared on the remix of Ariana Grande’s “34+35,” alongside fellow rapper Doja Cat.

Style and Influences

Megan Thee Stallion has developed a stage persona defined by confident, overt sexuality. Musically, she is recognized for her explicit lyrics and clever wordplay. Her influences include Lil’ Kim, Three 6 Mafia, and the Notorious B.I.G.

Personal Life

During an Instagram Live session in February 2021, Megan Thee Stallion confirmed her relationship with fellow rapper Pardison Fontaine. Additionally, she is a pet lover, owning six dogs: three French bulldogs, a Cane Corso, a pit bull, and a merle dog.

Florida Mansion

Megan purchased a mansion for $6 million in Pinecrest, Florida, in July 2021, featuring 7,600 square feet and a private lake in the backyard.