Net Worth

Megan Thee Stallion Net Worth (July 2024)

Megan Thee Stallion Net Worth

Who is Megan Thee Stallion?

Who is Megan Thee Stallion?

Megan Jovon Ruth Pete, also known by her professional name Megan Thee Stallion, was a famous professional American rapper and songwriter.

However, she is known for her nominations for four Grammys in 2021. Once, Megan mentioned in her interview that music is in her blood.

From her childhood, she used to listen to music and got interested in rap music. Megan is known for her freestyle which made her a global superstar and legend.

Born in San Antonio, Texas, she came into the limelight when she posted a freestyle video on her Instagram account. Her freestyle video got a massive engagement and brought wealth and a fan following with it.

In 2018, she signed to 300 Entertainment and released a mixtape, Fever and her debut album Good News. Her mixtape and album peaked in the top 10 on the Billboard 200. Then Megan also released her single that featured famous American singer and actress Beyoncé.

In 2020, she featured in Cardi B’s single WAP. The single was featured in the number one place on the US Billboard Hot 100 charts.

Megan has achieved several things during her rap music career, including the BET Hip Hop and BET Awards. Moreover, she also received three Grammys and two MTV Video Music Awards.

Megan also became the second hip-hop artist as a female to win the Best New Artist at the 63rd Annual Grammy Awards. Megan was also declared one of the 100 most influential people globally by the Times of Magazine in 2020.

In April 2016, Megan began her rap music career with the release of her single, Like a Stallion. Then she releases more projects like SoundCloud exclusive mixtapes Rich Ratchet and Megan Mix.

Later in September 2017, Megan released her professional solo debut single EP, Make It Hot. The single became a success and got millions of views on YouTube. As a rework of Look At Me, Megan released her single Stalli Freestyle in 2017.

During her successful time, she auditioned for a cast member on Love & Hip Hop: Houston. However, she became the first woman to get signed with the Houston Indie 1501 Certified Entertainment.

In the same year, Megan released a 10-track EP, Tina Snow, and signed with 300 Entertainment. Her Tina Snow became the first chart single and peaked at number 99 on the Billboard Hot 100 charts.

In 2019, she released a single. Hot Girl Summer peaked in the 11 number on the Billboard Hot 100 charts. After one year, Megan Normani collaborated and released a soundtrack, Birds of Prey.

In the same year, Megan conflicted with 1501 Entertainment due to the drop of her Suga EP. However, the conflict negatively affected the record’s success. Then Megan released a song called “Savage that went viral and got about 15 million views on YouTube.

The single featured the famous American singer Beyoncé. After the song’s success, Megan and Beyoncé decided to donate the profit to charities in Houston. In November 2020, she released her album named Good News, which also became a massive success.

Net Worth

Net Worth

Her estimated net worth through her earnings from music and branding is about $3 million.

Megan Thee Stallion gets into a legal battle with her record label

To block her from releasing her Suga EP, Megan filed a restraining order against 1501 Entertainment in 2020. She also sued the record label. After filing a case against the record label, Megan signed a management deal with Jay-Z’s Roc Nation Team.

Her new management team told her about several stipulations in her contract. However, she didn’t know about these stipulations because she was young.

The contract included the 60/40 split in the profits between Megan and the record label. However, Megan’s source of income only includes endorsements, merchandising, and sponsorships.

Moreover, the contract also includes that the record label has complete control over Megan’s name and likeness for branding and merchandising.

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