Are you one of the millions of fans of the “Savage” singer, who belongs to the league of the richest rappers in the whole world? Born in San Antonio, Texas, Megan Thee Stallion came into the limelight when her freestyling videos started taking social media by storm.
Stallion started making music when she was just 14. Although her journey started solely on social media, over time, she has proved that she has got a distinct place in the music industry. If you are interested in knowing what can possibly be Megan Thee Stallion’s net worth, you have come to the right place.
In this article, we are going to take a close look at her net worth and how she managed to be one of the richest rappers.
Megan Thee Stallion’s Net Worth In 2022
As per websites, in 2022, Megan Thee Stallion’s net worth stands at a whopping $8 million.
Early Life of Megan Thee Stallion
Stallion was born to Joseph Pete Jr. and Holly Thomas on February 15, 1995. Her complete name is Megan Jovon Ruth Pete. Her mother Holly Thomas was a rapper performing using the name “Holly-Wood.” Megan used to visit the recording sessions of her mother.
When Megan was 18, she wanted to start her rapping career. However, Holly Thomas wanted her not to pursue a rapping career before she became 21. Once Stallion turned 21, her mother, who finally became her manager, gave her the green light. Unfortunately, Holly Thomas died in 2019 of brain cancer.
Although she started making music at the age of 14, her first single called “Like a Stallion” was released in 2016. Since then, she has been working with various labels and releasing songs simultaneously.
In 2018, Stallion released an extended play called “Tina Show” containing 10 songs under 1501 Certified Entertainment. In the subsequent years, she came up with a number of outstanding tracks, mixtape, and extended play. Some of these include “Savage,” “Fever,” “Suga,” and “Big Ole Freak,” etc.
In 2019, her song “Is It Love This Time” helped her enter the Billboard Hot 100 chart. Her mixtape Fever (2019) and extended play Suga (2020) took place in the top 10 of the Billboard 200.
Awards Won By Megan Thee Stallion
Now that you’ve got a glimpse of Megan Thee Stallion’s net worth, let’s take a look at the awards she has won.
In 2021, Stallion won three Grammy Awards including Best Rap Song, Best Rap Performance, and Best New Artist. And this is among her biggest achievements in the industry to date. Her other awards include 2 MTV Video Music Awards, 6 BET Awards, 5 BET Hip Hop Awards, one Billboard Women in Music Award, and 4 American Music Awards.
In 2020, TIME included Stallion in its list of the 100 most influential people in the world.
The “Fever” Mixtape
During her time on social media, Stallion gained popularity for her amazing freestyle rap videos. In fact, these videos have greatly helped her achieve success with the “Fever” mixtape. After the release of “Fever,” she became famous quickly and successfully created a distinct place for herself in the industry.
The “Suga” EP
The “Suga” EP is another significant musical milestone achieved by Megan. This was released after “Fever” and helped her gain fame as a stand-alone artist. After millions of fans in the United States greatly appreciated her work in the “Fever” and the “Suga,” Megan released her “Good News” album.
This long-awaited album, particularly the track called “Hot Girl Summer,” helped her gain fame in the international rapping landscape.
The WAP Single
After that, Stallion released the extremely popular “WAP” single by teaming up with Cardi B who is another highly popular American rapper. It was released on August 7, 2020, and secured the place of the number one song in NME’s list of the best 50 songs of 2020. Notably, it debuted at the number one position on a whopping total of ten different billboard charts at the same time.
Megan Thee Stallion and Future
As Megan mentioned in a radio interview, she dropped $250,000 for a feature from “Future,” who is another popular rapper and producer, on her track called “Pressurelicious.” Although “Future” rapped for the whole duration of the beat, Stallion and her producers edited his verses significantly to fit on it with her own.
Megan Thee Stallion’s Income from Other Avenues
Megan gave an amazing appearance in the She-Hulk, the extremely popular Marvel Disney+ series. However, her income from the She-Hulk cameo is not known. According to Jameela Jamil, who is playing the villainous role of Tatiana in the series, Stallion was one of the major highlights of the entire show. Jessica Gao, who was the head writer and executive producer of She-Hulk, also completely agreed with Jamil saying the team was ready to do everything to bring Stallion up on the show.
Stallion gave a delicious appearance in Popeye’s commercial, but her income from that isn’t publicly known. However, she ultimately became a franchise owner of the commercial.
Nike is popular for closing huge deals. Therefore, we can safely assume that Stallion has earned a large amount of money by collaborating with and endorsing the brand.
In 2018, Stallion became the first female signed to 1501 Certified Entertainment. And as a signing bonus, she received a $10,000 advance. In November 2018, Megan signed with 300 Entertainment and again, became the first female signed to it.
Besides her own tracks, Stallion also gives guest appearances in other artists’ songs and this is also another significant source of building her net worth.
How much do artists make for giving these types of appearances? In 2019, a website reported that newer artists can get anything between the range of $3,000 and $5,000 as a minimum. However, depending on the celebrity status of the artist, it can go past even $25,000.
It’s no secret that artists make large amounts of money by appearing on shows. As revealed by a leaked document in 2019, Stallion was charging anything between $100,000 and $125,000 per show even though she was almost one of the new stars in the industry then.
It is interesting to note that despite the massive volume of Megan Thee Stallion’s net worth, she continues doing a number of charitable works. One of these is her chain of assisted living facilities in Houston, which is her hometown.