Megan Thee Stallion is an American singer and songwriter who has a net worth of $8 million as of this writing.
She is, no doubt, one of the best things to happen to the American music industry in recent times. The multiple Grammy Awards winner has continued to wow fans with good music while lining her pockets up with dollar bills.
Born Megan Jovon Ruth Pete, the rapper is a Texas native who rose quickly from being an internet sensation to becoming a favorite on the airwaves. Her exploits have ensured that she has amassed an impressive fortune, a figure that will increase in the coming years and primarily made from her music career. She has, however, tried to diversify her portfolio by throwing her weight into the selling of a wide range of fun and luxury items.
Breakdown of Megan Thee Stallion Net Worth
Following the launch of her career, Megan Thee Stallion became a millionaire and her net worth appears to be rising very quickly. As of 2020, she was speculated to be worth about $3.5 million. Fast forward to 2021, and information available suggests that she is worth about $8 million which if true, is about twice her net worth in 2020. She most likely has the Midas touch as everything she engages in turns into a huge success.
Her Music Career
Showbiz is like staking a bet at a casino; if the odds favor you, then you can smile to the bank but if the odds are against you, you either give up or try again. For Megan, the odds did favor her. Her key source of income remains her music career. She began to draw attention to her talent by sharing freestyle videos of her rapping on social media. This marked her genesis as it helped build the fan base that would shoot her to fame. Although her first single “Like a Stallion” was released in 2016, her most successful single came in 2017 with “Last Week in HTx” which garnered millions of views on YouTube.
Megan came to the limelight in early 2018 after she signed to 1501 Certified Entertainment, a record label in Houston. She was reportedly given a $10,000 advance signing bonus to become the first female rapper to sign up with 1501 Certified Entertainment. The label is owned by Carl Crawford, a former baseball player and managed by T. Farris. Her subsequent release titled “Tina Snow” received positive reviews and by late 2018, she became yet again the first female rapper to sign up to 300 Entertainment. Since then, she has enjoyed back-to-back success.
By 2019, Megan Thee Stallion had become a force to be reckoned with in the industry. Her single “Big Ole Freak” which was released in January 2019 made it to Billboard Hot 100 at No. 99 and by April, it had skyrocketed to No. 65. Her Fever extended play (dropped in May 2019), was well-received. The song “Hot Summer Girl” (released in August 2019) featuring Nicki Minaj and Ty Dolla $ign made it to No. 11 on the Billboard Hot 100, making it her first top 20 hit.
The year 2020 brought the rapper better luck as she collaborated with Normani for “Diamonds” and the living goddess, Beyoncé, in the remix of “Savage”. The original track was a spontaneous hit with over 15 million views, while the remix sold more than three million in the US. The proceeds from the remix with Queen Bey were donated to the duo’s hometown, Houston.
By the end of 2020, her debut studio album Good News was a mega-hit. The album, which was released on the 20th of November, 2020, debuted at number two on the Billboard 200 having moved more than 100,000 equivalent units of the album in its first week of release. It also topped both the Top R&B/Hip-Hop Albums and Rap Albums charts in addition to peaking in the top 50 of several countries.
Features and Shows
Live performances and features are also some of the ways Megan Thee Stallion makes her millions. Getting featured by chart-topping artists is a fast lane to stardom in the music industry and Hot Girl Meg has been featured by some of the best that there is in the industry. Depending on talent strength and popularity, an artist can earn from as little as $3,000 to a whopping $250,000 and more from features.
The rap queen, Cardi B, featured Megan in her record-breaking NSFW hit “WAP”. The song became the most streamed the week it was released with a record 93 million. The song has sold more than 2 million copies in the US. Ariana Grande also enlisted Megan and Doja Cat for the remix hit song “34+35.” And as you would guess, it was a huge success. Chance The Rapper equally featured the lady rap star in his track “Handsome” in 2019. Other 2021 features include Maroon 5 (Beautiful Mistakes) and Quavo and City Girls (Pastor).
Features aside, Megan Thee Stallion racks up eye-popping sums from shows. All that energy she brings on stage pays off. Thanks to her legal battle with 1501 Certified Entertainment, we know that she is worth about $100,000 to $125,000 per show. Now that is a lot of money for a rising star. No wonder she raps about being rich.
The Rapper’s Work On Television
Besides music shows, the Houston hottie has also tried her hands on TV, making some paid appearances. She has been a guest on Jimmy Kimmel Live and Saturday Night Live in 2019 and 2020 respectively. She also auditioned for Love & Hip Hop: Houston in 2016 but the show was botched. She went on to star in Hottieween, a horror series she co-created in 2019. She played Onyx in Good Girls in 2020 and was featured in Legendary as a judge in the same year.
Megan Has Massive Endorsement Deals
Everyone needs multiple streams of income, including celebrities. One of the ways Megan makes her millions is through endorsement deals. To be a brand ambassador, you need to be on top of your game and have clean records.
1. She is a Brand Ambassador for Revlon
While 2020 was a difficult year for many around the world due to the havoc wreaked by the coronavirus pandemic, Hot Girl Meg was winning on all sides. She is a brand ambassador for Revlon and this was one of her mega accomplishments for the year 2020. She described this endorsement as a dream come true as she has been a big fan of everything Revlon since she was a little girl.
The brand, for her, represents diversity and feminine strength which resonate with her Hot Girl mantra. While the cash value of the deal is not known, it must be tempting enough to have made her go from being the brand’s ambassador to collaborating with the multinational company in July 2021 with Revlon x Megan Thee Stallion Hot Girl Sunset set to sell exclusively on StockX.
2. Megan Thee Stallion is Endorsed by Coach and Fashion Nova
As a music and style icon, Megan is a good go for brands targeting lovers of luxury products. Her fan base also gives her an advantage. She featured in the Coach brand’s 2019 holiday-themed ad campaign and became the first rapper to be enlisted by the company for such a role. This also marked the first of such honor on a global stage for her. Prior to this endorsement, she was a brand ambassador for Fashion Nova, a retail fashion brand with which she has a personal collection.
The Rapper Models On The Side
The rap sensation knows how to put her body and talent to good use. Besides promoting her body-positive items with jaw-dropping images of herself, Megan Thee Stallion also models for other brands and most likely parts with some bills for the gesture. She made history by appearing on the cover of the famous Sports Illustrated Swimsuits magazine in July 2021. She became the first rapper ever to grace the cover of the issue. The issues are rumored to account for 10% of the company’s annual revenue so keep guessing how much the hot girl made from gracing their cover. Megan is a fan of bold looks and one person that is not afraid to create daring looks is Rihanna. And yes, Megan modeled for Rihanna’s Savage x Fenty lingerie and killed it.
How Megan Thee Stallion Spends Her Money
Money is made to be spent. And when you work really hard for your money you have to spoil yourself in every way possible. So, here is how the hot girl spends her money:
1. Luxurious House and Cars
Considering how hard she works, it is no surprise that her Texas home is an impressive mansion. The huge property is exquisite in and out. Images available in video clips she has shared online suggest she lives in a house befitting her celebrity status. The living room is big enough for a banquet and the breathtaking bathroom is all marbled. The house is convenient and enables her to even work from home. As for cars, she is believed to drive a Rolls-Royce Dawn which costs about $346,300 minimum.
2. High-Class Fashion and Accessories
When you are a rich and famous celebrity endorsed by leading fashion cosmetic brands, you have to look good always. Megan does not spare her cash when it comes to looking good. She has a lavish display of clothing items, shoes, bags, and other fashion accessories. These items are all designer grade and must have cost an arm and a leg.
Thee Stallion apparently has a heart of gold. While she spoils herself in every way possible, she also spares a thought for the less privileged. In November 2019, she donated $15,400 at the Houston Food Bank Portwall Pantry for Thanksgiving turkeys and assisted in handing them out to about 1,050 households that needed help.
The proceeds from her and Beyoncé’s remix of her mega-hit song “Savage” also went to a Houston-based charity. She has also partnered with brands such as Fashion Nova and Coach – both of which she has ambassadorial deals with – to help female students and entrepreneurs. Through her scholarship scheme, Thee Don’t Stop Scholarship, she empowers BIPOC women to pursue higher education. Charity they say begins at home and when it comes to giving, Houston seems to be at the fore for her. It is her hometown after all.
Is Megan Thee Stallion Transgender?
When you are rich and famous people get interested in knowing almost everything about you, especially if your rise to fame was spontaneous like Megan’s. They want to know about your family, education, parents, childhood, siblings, relationships, gender, and sexuality, among others. While some of this information about her are easily available, some are not, including her gender. While the rapper appears to be a female, a lot of people had reasons to believe that she is transgender following an incident that happened in 2019.
So is the hot girl trans or cis? Well, unfortunately, there is no authoritative answer to that question.
The rap star has not made any statement revealing her as queer or transgender. In fact, she has continued to champion causes for women’s liberation and empowerment. She has always identified as a cis woman and does not use transgender pronouns. She also has not been modeled as a trans person.
Why Do People Think She is Transgender?
The speculation around her possible trans identity began in late 2019 when a video of Thee Stallion twerking on stage went viral. The video, which was shot by someone in the audience, suggested that she may in fact have male genitals as something that some people convinced themselves looked like testicles popped out beneath her bikini. The video began the debate around her gender and sexuality. Her ex-boyfriend Moneybagg Yo, posting photos of hormone replacement therapy (HRT) medications helped to intensify the rumors.
Another odd that worked against her in this regard is her vocal support for the LGTBQ+ community. She is a strong advocate of queer rights and believes that people should be comfortable in their own skin. At the core of her artistry is a strong message that people should embrace their identities and live their best life. This advocacy for self-love is often misinterpreted by transphobes as her way of hinting at her sexuality. Others have also taken the body-shaming angle to equate her thick body frame to masculinity hence the constant search for clues to label her transgender. The millionaire has remained undeterred by the hate on her.
Whether Thee Stallion is transgender or cisgender is irrelevant. What matters right now is that she is making good music, has Grammys to her name, and has her net worth skyrocketing while living her hot girl life.