| Full Name | Megan Jovon Ruth Pete |
|---|---|
| Net Worth | $8 million |
| Birthdate | February 15, 1995 |
| Birthplace | San Antonio, Texas, U.S. |
| Occupation | Rapper, singer, songwriter |
| Genres | Hip hop, trap, pop rap |
| Labels | 300 Entertainment, Roc Nation |
| Associated Acts | Beyoncé, Nicki Minaj, Cardi B, DaBaby, Lil Baby, Juicy J |
| @theestallion | |
| @theestallion | |
| @theestallionn | |
| YouTube | Megan Thee Stallion |
Have you ever wondered what the net worth of Megan thee Stallion is? Well, the young Houston rapper has taken the world by storm and is worth millions.
She became famous for her hit song Hot Girl Summer and Savage and, with her lyrical prowess, has won 3 Grammy awards, six BET Awards, and became the second female artist to win Best New Artist.
As of May 2023, Megan Thee Stallion has a net worth of $8 million. This post will describe how the breakout star achieved her success.
Table of Contents
Early Life
Megan Thee Stallion, formerly known as Megan Jovon Ruth Pete, was born in San Antonio, Texas, on February 15th, 1995. Her mother, Holly Thomas, would move to Houston immediately after her birth.
Thomas was the first rapper in the family; she rapped under the name “Hollywood” and brought Megan to her studio sessions. This is where Megan first found her love for rapping.
Megan began writing rap at 16, but her mother urged her to stay in school and not start her rap career until she finished school.
Megan would take her advice and graduate from Pearland Highschool in 2013 and attend Prairie View A&M University.
During her freshman year, she began uploading videos of her freestyling on social media. She would also compete in battle rap ciphers, and a clip of her battling a male opponent went viral.
She would capitalize on the buzz and go on to become one of the hottest new rappers out.
Career
1501 Certified Entertainment
Megan is 5’10, and because of her tall frame and thick figure, she was given the stage name Megan Thee Stallion. She embraced it and released her first single, “Like a Stallion,” in 2016.
She would follow this up with her first solo project, “Make it Hot,” which produced her first hit single, “Last Week in HTx;“ the song amassed several million views on YouTube.
She was becoming known nationally, and the record labels began calling. In early 2018, she signed her first record deal with 1501 Certified Entertainment.
Under the label, she would release a ten-song extended play(Ep) titled Tina Show.
The Ep was well received and got positive reviews from notable music mediums like Pitchfork and the Fader.
The Ep also produced the hit single “Big Ole Freak,” which gave Megan her first chart entry, peaking at number 65 on the Billboard top 100.
Megan was one of the hottest young rappers, earning her spot on the XXL’s Freshman Class in 2019, and her freestyle was considered one of the best in the class.
In August of 2019, she released “Hot Girl Summer” alongside Nicki Minaj and Ty Dolla Sign.
Hot Girl Summer would peak at number 11 on the billboard top 100, making it her first top 20 hits.
The song’s success goes beyond just the charts; her song went on to create the phrase “Hot Girl.” The phrase urges women to be confident and unapologetically themselves.
Her fans, who she refers to as “Hotties,” are inspired by her work, and Hot Girl became one of the most popular phrases on the internet.
Megan had become a household name and would sign with the Jay-Z-owned record label Roc Nation.
Roc Nation
In March 2020, she released the EP Suga under the new label. That same month the song “Savage” from the project went viral on Tik Tok and gained 15.7 million views.
Later, the song would become her first number-one song on the Billboard top 100.
Megan would follow up with a second number one as a feature on rapper Cardi’s B song WAP in August of 2020.
The single broke the record for most streams in the first week of release with 93 million.
She was nominated for nearly 100 music awards and won 27 awards in 2020.
The most notable winnings were Apples Music Best Female Artist, BET’s Best Collaboration, and Billboard’s top rap female artist.
Megan finished the year by releasing her debut album Good News in November.
Good News debuted at number 2 on the billboard top 100. She dominated the music industry in 2020 and is already one of the best female rappers of the past decade.
Rihanna And Megan Thee Stallion
After joining Paris Hilton, Normani, and Bella Hadid as brand ambassadors for Savage X Fenty in October 2020, fans were surprised when Rihanna unfollowed Megan Thee Stallion on March 2022.
This came days after the rapstress’ whole collection was removed from the website’s page – leaving her name nowhere to be found.
Although Megan had promoted Rihanna’s lingerie line through photo shoots throughout 2020 and 2021, some of these images have since mysteriously disappeared from her Instagram, leading many to speculate on the falling out between them.
The prevailing theory is that Rihanna removed Megan from her social media circles following allegations that A$AP Rocky, her boyfriend, cheated on her with Megan.
Megan Thee Stallion and Tory Lanez
In July 2020, Canadian rapper Tory Lanez was involved in an incident involving singer Megan Thee Stallion. She had been seen entering a police car with bloody feet and later accused him of shooting her during an Instagram Live video – which he denied.
In October 2020, however, after a considerable investigation into the events leading up to their argument in Hollywood Hills that evening, Lanez was charged with one count of assault with a firearm and having an unregistered weapon for allegedly firing shots at Meg’s feet.
After his arrest, evidence revealed texts from him expressing remorse for the incident between himself and Megan Thee Stallion and apologizing in phone calls made prior to sentencing.
Megan also claims that Tory offered her $1 million not to tell anyone about what happened.
Tory Lanez was found guilty of three felony counts: assault with a semiautomatic handgun, carrying an unregistered firearm, and discharging it negligently. He could now face a lengthy jail sentence of over 20 years.
Only time will tell what lies ahead for Tory Lanez as he faces prison time — if not deportation.
Drake Talking About Megan Thee Stallion
Drake and 21 Savage came under fire for their recent album ‘Her Loss,’ which featured lyrics that seemed to reference Megan Thee Stallion’s shooting.
In response, Megan took to Twitter urging musicians not to use her name or her shooting as part of their music or for clout. Drake has since said that the lyric is just a joke, but Meg never found it funny.
Megan Thee Stallion Net Worth Growth
| Year | Estimated Net Worth | Key Factors Contributing to Net Worth Growth |
|---|---|---|
| 2017 | $0 | – |
| 2018 | $100,000 | Release of debut single “Stalli Freestyle” |
| 2019 | $2 million | Hit singles “Big Ole Freak” and “Hot Girl Summer”, signing with 300 Entertainment and Roc Nation, performing at festivals and events, merchandise sales |
| 2020 | $5 million | Continued success with the album “Good News”, multiple brand partnerships and endorsements, appearances on TV shows and in movies |
| 2021 | $8 million | Release of new music, collaboration with various artists, the launch of own fashion line, continued endorsement deals |
Megan Thee Stallion Net Worth 2023
As of May 2023, Megan Thee Stallion has a net worth of $8 million. Her value comes from music sales from streaming platforms like Apple Music and Spotify.
She also makes money from live performances and features. She exploded on the scene and, within two years, became an A-list celebrity.
She was also recently recognized by her hometown of Houston and was presented the key to the city for her philanthropic work through Her non-profit Pete and Thomas foundation.
The pandemic limited her touring opportunities, but now that things are opening up, Meg is set to hit multiple cities across the country.
Meg is making an impact on and off the stage, and as time goes on, her worth and popularity should only continue to grow.
Frequently Asked Questions (FAQs)
Is Megan Thee Stallion Transgender?
Although Megan has a tall and robust figure, she is not Transgender. She was born a woman.
Who shot Megan Thee Stallion?
Rapper Tory Lanes shot Megan Thee Stallion back in July 2020.
Was Megan Thee Stallion a stripper?
While Megan had many side hustles before blowing up in the rap game, she has never said that she was a stripper.
Does Megan Thee Stallion have siblings?
Megan Thee Stallion does not have any siblings and is an only child.
Who is Megan Thee Stallion boyfriend?
Megan Thee Stallion’s boyfriend is Pardison Fontaine, but he mainly goes by Pardi. The two have been dating for over two years now.
Key Takeaways
Take Advice
Megan luckily was able to take her mother’s advice, who was also an inspiring artist.
She was able to advise Megan to be patient through the process, and as a result, Megan is one of the best female rappers out.
You obviously must be careful who to take advice from. With that being said, if it’s someone who is in your field, you should be all ears.
Love yourself
Megan’s motto, “Hot Girl,” is more than just a catchy phrase. She uses it as a mechanism to bring women together, hoping they embrace and love their bodies as much as she does.
Her mindset has allowed her to be fully authentic with music, which resonates with so many women worldwide.
Self-love means accepting you for yourself. Once you’re comfortable with yourself, it will make the journey to success much more manageable.