Megan Thee Stallion is an American rapper who rose to fame after releasing her music videos on YouTube in 2018, where she performed rapping and dancing at the same time. These videos attracted millions of views and received positive reviews from many prominent rap artists such as Cardi B, Meek Mill, Snoop Dogg and Wiz Khalifa. Her net worth in 2021 has already reached $3 million due to the popularity of her music and her recent signing with Atlantic Records.
Megan Thee Stallion, who is popularly known as just Megan Thee Stallion, was born in 1997 on December 29th and holds an American nationality. She was born to two Nigerian parents. Her parent’s profession remain unknown but it has been rumored that her father owns a restaurant and her mother works at Walmart. She has a sister named Jessica Smith but there isn’t much information available regarding her. Even though she hasn’t revealed any information about their religious background, she believes in God and can be seen mentioning him quite often on social media platforms like Instagram.
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Coming out of Houston, Texas, Megan Thee Stallion started her rap career with YouTube videos. As she worked at it and gained more fame she started making some big waves around town. She then made her way to Los Angeles where she met a record producer by chance and got signed to his label. This helped pave her way into national success as she made big hits such as Been Dat Way and Big Ole Freak that charted on both Billboard charts. With so much fame under her belt at such a young age (27) most wonder how rich Megan really is in 2020 dollars? Well, we have good news for you all! According to Celebrity Net Worth, we have estimated her net worth to be $12 million! Impressive!
Megan Thee Stallion has been keeping busy since releasing her first single on SoundCloud. Her debut mixtape Tales of a Hoe brought more attention to Megan, and she did not disappoint with her follow-up singles and videos. Since then, she has been signed by Atlantic Records and continues to reach new heights in her career. Forbes estimates that Megan will have earned over $1 million by 2020. By 2021, we estimate that she will be worth $5 million. This is based on predictions that Megan will release at least one studio album with major success, a few more singles, merchandise sales, and continued touring. How do we know she’ll hit such high numbers so quickly?
Awards and Achievements
Though she doesn’t list her income on all recorded years, it’s been revealed that Megz has also made money through endorsements and sponsorships. In 2017, when she was still a college student, she launched her first partnership with BAWSE Apparel and promised to donate part of her profits to charity. She also became a brand ambassador for YSL Beauty in 2018. These two companies alone were enough to boost her estimated net worth by $10 million or more. It’s safe to say Megz will likely be making even more money as time goes on.
Endorsements & Investments
Typically, she’ll receive an advance for her music. For example, Flo Rida was reportedly given $1 million to sign with Poe Boy Records—which he used to fund his own label through which he’d release his music. However, it’s not uncommon for rappers (especially big names) to have record deals that include a significant amount of money upfront and/or back-end royalties. Taking that into account, we’re going to assume that Megan’s deal included both upfront money and a 10% royalty rate on all her sales.
Other Income Sources
For example, you might earn income from freelance writing gigs, have an interest in real estate, or run a side business. To factor these extra incomes into your net worth calculation, simply add them up and divide by your total expenses for that period. For example, if you made $10K on an extra freelance project over 6 months and spent $5K on rent during that same time period (for a total cost of $15K), then your monthly net worth would be ($10k + $5k)/$15k or ($15k – $10k)/$15k or 100%. This takes into account both sides of income vs. expense to give you a true picture of where your money’s going.
Last Updated on December 20, 2021
Andrew Smith is a professional News researcher and writer. He has been writing latest tending news articles for various news agencies.