Megan Jovon Ruth Pete, popularly known as Megan Thee Stallion, is an American rapper who first rose to fame when her freestyling videos started blowing up on social media platforms like Instagram and TikTok. It is estimated that Megan’s current net worth is $14 million as reported by Celebrity Net Worth.
At the time, she was the only female rapper to feature in the Houston Cypher, and following her increasing popularity, Megan was signed by 300 entertainments in 2018, where she was the first and only female rapper., before signing for Roc Nation. She found mainstream success when her mixtape, “Fever” and her EP, “Suga” both reached the top 10 of the Billboard 200. Her debut album, “Good News” was received exceptionally by critics and earned a spot on the Billboard 200.
Megan was propelled into international stardom when her song, “Hot Girl Summer” went viral on social media platforms and when the remix of her hit song “Savage” as well as her feature on Cardi B’s single “WAP” earned her back-to-back number-one singles on the US Billboard Hot 100. Megan cemented herself as an icon when the remix of Ariana Grande’s “34+35”, featuring herself and Doja Cat peaked at number two on the Billboard Hot 100.
She is a three-time Grammy winner, having won Best New Artist (becoming the first woman to win this award since 1999), Best Rap Song, and Best Rap Performance for “Savage,” featuring Beyoncé, in the 2020 Grammy Awards. She is also the recipient of six BET Awards, five BET Hip Hop Awards, four American Music Awards, two MTV Video Music Awards, and the prestigious Billboard Women in Music Award. Megan was named one of the 100 most influential people globally by Time magazine in 2020 and was also included in Forbes’ 30 under 30 in the music category.
She is also accredited as the first rapper to grace the cover of the Sports Illustrated Swimsuit issue. She recently signed a deal with Netflix to create and executive produce new series and projects, as reported by the Huffington Post. Megan is all set to make a debut on the big screen with A24's first movie musical titled “F*cking Identical Twins”.
Megan’s primary sources of income come from her music career, brand sponsorships, acting career, business ventures, and from YouTube.
Her music career helps her earn a majority of this net worth. A stalwart in the current rap scene, Megan Thee Stallion earns a lot of money from her career as a rapper and songwriter, which helps her earn her $8 million valuation which she essentially made in just two years. Proceeds from music sales, and royalties from radio and streaming platforms like Apple Music and Spotify, where she has an impressive 33,148,894 monthly listeners.
She also makes money from features, with Complex estimating she can demand anywhere from $25,000-$100,000 depending on her popularity. Her debut album, Good News, went platinum in the USA after reaching more than a million sales. Bet estimates Megan charges $100,000 or $150,000 per show while touring, even though Megan has not got the chance to tour that often, which is usually how musicians earn more money, owing to COVID-19 restrictions.
Aside from music, Megan Thee Stallion was selected as a global brand ambassador for Revlon, a cosmetics company. Apart from Revlon, Megan has partnered with Coach, has her own fashion imprint with Fashion Nova, Calvin Klein, Cheeto’s, and Popeyes, and has modeled for Rihanna’s Savage x Fenty lingerie collection, which has definitely made her a multi-millionaire.
Megan has recently started exploring the art form of acting, which certainly boosts her net worth. Her biggest role as of today is Onyx in the TV show Good Girls. With an exclusive contract with Netflix as a producer for future shows and projects, it is safe to say Hot Girl Meg will be earning a decent amount of money from those shows and projects.
She even has her own merchandise on her website whose revenue also inflates her valuation.
Net Worth spots estimate she can earn about $2.73 million a year from her YouTube channel, based on average prices that are charged for displaying an Ad on AdSense, which surely helps her push towards an even valuation.
When it comes to what assets are owned by Megan, virtually nothing is known for certain. She has uploaded a lot of Instagram stories from her house without giving away a lot about the location. In an interview with Capital Xtra during the lockdown, viewers caught a glimpse of her abode which featured extremely high ceilings and looked incredibly spacious, making one assume that the house would’ve definitely put her back by a hefty amount.
Easily the hottest emcee in the business right now, it is no secret that Megan enjoys living a lavish lifestyle. She often flaunts her gray Rolls-Royce Dawn ($350,000 car) on her Instagram, and given the tricked-out rims and trims, she certainly spent a lot more than 350k for that Rolls-Royce. Even though it is rumored she also owns a Mercedes-Benz SLS AMG and a Lexus IS250 though nothing can be confirmed for sure.
Megan is frequently spotted wearing designer clothes and expensive jewelry, with one neck piece in particular designed by jeweler Iceman Nick costing her a massive $350,000. She also has been spotted with different designer handbags, that cost upwards of $3000. It is said following her initial success, she even gifted her late grandmother a Cadillac. What is known about Hot Girl Meg is that she has a heart of gold, and is typically seen giving back to the community.
As reported by E! News, Megan contributed $15,400 worth of Thanksgiving turkeys and also helped hand them out to over 1,050 households in need at the Houston Food Bank Portwall Pantry. She spent over $10,000 on the Bail Relief Effort for Houston Protestors and teamed up with Amazon Music to donate a nursing facility in Houston.
All proceeds from her song “Savage”, over $2.5 million, were donated to Bread of Life, which helps local Houston communities with Covid-19 Relief Efforts. A part of her deal with Popeyes, she agreed to make a six-figure donation to the Houston Random Acts of Kindness charity. Her Partnership with Women on Top alongside Fashion Nova focuses on supporting education, female-owned businesses, charities, and organizations and even granted these women, entrepreneurs, and organizations each $25,000 for a total of $1 million.
She also leveraged her Coach sponsorship to bring aid to women at Houston’s YWCA. Houston recently recognized her dedication to philanthropy and the community and presented the key to the city to her through Her non-profit Pete and Thomas foundation.