Net Worth

Machine Gun Kelly Net Worth (July 2024)

machine gun kelly net worth

Richard Colson Baker is a multifaceted artist whose career has taken him well beyond the realm of music. MGK, who is well-known for his successful rap career, acting roles, and business endeavors, has a net worth of $25 million, reflecting his broad interests and spirit of entrepreneurship.

In this article will go into deeper detail regarding his career and net worth.

Who is Machine Gun Kelly?

Who is Machine Gun Kelly?

Full Name
Colson Baker
Professional Name
Machine Gun Kelly
Date of Birth
22-Apr-90
Birthplace
Houston, Texas, United States
Age
34 years
Nationality
American
Ethnicity
Mixed
Gender
Male
Sexuality
Straight
Religion
Christian
Zodiac Sign
Taurus
Marital Status
Dating
Girlfriend
Megan Fox
Height
6 Feet 3 inches
Weight
76 Kg
Profession
Rapper, Singer, Songwriter, Musician, Actor
Net Worth
$25 Million

He is an American rapper, actor, and entrepreneur. Before making a splash in the mainstream music industry, Cleveland, Ohio native MGK gained notoriety for his fierce rap fights and mixtapes.

His debut album, “Lace Up,” helped him rise to fame, displaying his undeveloped poetic skill and intense live performances. MGK has pursued acting in addition to music, making appearances in films that showcase his range as a performer.

He has also ventured into business, working with companies and starting his apparel line. His diverse abilities and unwavering determination have cemented MGK’s status as a boundary-pushing artist in the industry.

How Much is Machine Gun Kelly’s Net Worth?

How Much is Machine Gun Kelly's Net Worth?

As of 2024, MGK’s estimated net worth is $25 million. His revenue from song royalties exceeds $7 million a year.

His career skyrocketed after he signed a record deal with Bad Boy and Interscope Records in 2011. MGK is paid $4 million to star in motion pictures.

His Net Worth Trend from 2019 to 2024

His Net Worth Trend from 2018 to 2023

Years
Net Worth
2019
$13 million
2020
$17 million
2021
$19 million
2022
$20 million
2023
$23 million
2024
$25 million

Career

Career

Debut Album

MGK released his first album, Lace Up, on 9 October 2012. “Wild Boy,” the album’s lead song, peaked on the US Billboard Hot 100 list. The RIAA quickly certified it as gold.

Featuring vocalist and co-writer Ester Dean, “Invincible” was the album’s second single to be published on iTunes on 16 December 2011. The song is the official theme music for WrestleMania XXVIII and may be heard in an HTC ReZound commercial.

In addition, WWE utilized the song to promote John Cena during his match at the event. MGK had previously performed at WrestleMania before Cena and The Rock’s main match. Thursday Night Football on the NFL Network also has “Invincible” as its theme song.

Collaboration with Numerous Artists

MGK announced the release of a new mixtape at the beginning of 2012. The first two musicians to participate in the mixtape were Pusha T and Meek Mill, who both appeared in the song “Pe$o.”

He also mentioned that Wiz Khalifa will be featured on the mixtape. On 18 February 2013, MGK released the cover and confirmed the mixtape’s name: Black Flag. Along with the song “Champions,” which features Diddy and samples The Diplomats’ “We Are the Champions,” he also released a music video, which doubled as a promo for Black Flag.

 

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MGK revealed on 9 August 2021 that he and Barker would be working together on a project called Born with Horns, which would be his next album. He released his first single, “Papercuts,” on 11 August.

On 26 August 2021, MGK made an announcement that he will co-star and co-direct the film Good Mourning alongside Becky G, Mod Sun, Megan Fox, and Dove Cameron.

Awards and Nominations

Awards and Nominations

MGK is renowned for having a solid presence in the music industry and for having won several accolades throughout the course of his career. Among his accomplishments are his nominations for Best New Artist and Best Hip-Hop Video at the MTV Europe Music Awards and MTV Video Music Awards, among other categories.

He has also received nominations for two prizes, the American Music Prizes, and the Billboard Music Awards, in honor of his contributions to the rap genre. He has been recognized for his influence on the music industry because of his energetic performances and distinct style, which have made him a regular competitor in the music awards circuit.

His Investments

Early in 2020, MGK started renting a recently constructed house in Sherman Oaks, California. The rent was $30,000 a month. He paid $7.5 million for Logan Paul’s old Encino, California property in April 2022.

When Logan offered the house for sale, he was hoping to get $8.5 million, but instead, he paid $6.55 million for it in October 2017. Paul completely refurbished the 14-room, 30,000-square-foot house shortly after acquiring it in 2017.

For $66,000, MGK recently purchased a Jaguar F-PACE. Additionally, he also owns a $100,000 BMW X8.

Machine Gun Kelly’s Philanthropic Side

MGK has demonstrated a dedication to philanthropy and social problems in addition to his creative pursuits. In an effort to lessen stigma and encourage those going through similar experiences, he has publicly shared his hardships and participated in campaigns raising awareness of mental health issues.

He has used his position to promote and support various causes by participating in benefit concerts, fundraisers, and charity events. His engagement in philanthropic activities and advocacy for mental health assistance demonstrate his dedication to having a good influence outside the limelight of his job.

Frequently Asked Questions

1. What is Machine Gun Kelly’s Annual Salary?

MGK receives nearly $7 million in revenue each year from his song royalties.

2. How Old is Machine Gun Kelly?

Born on 22 April 1990, Kelly is 34 years old.

3. Who is Machine Gun Kelly Dating?

MGK is dating an American actress and internet sensation, Megan Fox.

4: How does Machine Gun Kelly invest his money?

MGK likely invests in a mix of real estate, stocks, and businesses, often with the guidance of financial advisors to diversify his portfolio and minimize risks.

5: What are Machine Gun Kelly’s main sources of income?

His income primarily comes from music sales, streaming royalties, concert tours, merchandise, acting roles, and endorsements.

6: Has Machine Gun Kelly invested in any businesses?

While specific details may vary, celebrities like MGK often invest in businesses within entertainment, fashion, and other industries they’re passionate about.

7: Does Machine Gun Kelly have any notable endorsements?

Yes, MGK likely has endorsements and sponsorships from brands, especially those related to fashion and lifestyle, leveraging his celebrity status.

8: How does Machine Gun Kelly manage his wealth?

MGK likely works with financial advisors to manage his wealth, focusing on investments, savings, and strategic spending to ensure financial stability and growth.

Wrapping Up

Machine Gun Kelly’s net worth of $25 million is a testament to his extraordinary music career. In addition to his successful rap career, MGK’s acting endeavors and philanthropic dedication add to his diverse legacy.

His wealth is evidence of his ability to succeed in a variety of fields and establish himself as a dynamic force in the entertainment industry.

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