How Is The Net Worth of Travis Scott $60 Million?

December 30, 2021

Have you ever wondered what the net worth of Travis Scott is? As one of modern hip-hop’s most prominent figures, odds are you have heard of him, if not his music. He is a huge influence on today’s hip-hop production and has released several hit albums. In the midst of his lucrative career, Travis Scott now has a net worth of 60 million dollars. In this post, we will discuss how Travis Scott built his massive net worth and what you can take away from his story.

Early Life

Jacques Webster the Third, or better known as Travis Scott, was born on April 30th, 1992 in Houston, Texas. Initially, he lived with his grandmother in South Park, Houston, a notoriously high-crime area, until the age of six. Afterward, Travis Scott moved to the middle-class suburb, Missouri City, southwest of Houston, where he lived with his parents. Here, he attended and graduated from Elkins High School. During his time at high school, Travis slowly started to embrace his artistic abilities. At 16, Scott formed the musical duo “The Graduates” with his childhood friend Christ Holloway. The newly formed duo released their untitled first EP on Myspace in 2008. The following year, Travis formed a new group “The Classmates” with high-school friend OG Chess, releasing two other projects also released on Myspace.

Following graduation, he enrolled at the University of Texas-San Antonio but eventually dropped out his sophomore year to continue pursuing his musical ambitions. To his parent’s strong disapproval and disappointment, they stopped providing Scott with both money and support. The future star artist was now all on his own. After dropping out of college, he moved to New York City, where he worked with his friend, Mike Waxx, on his next potential project. Frustrated with a lack of progress, Scott moved to Los Angeles after spending only four months in NYC. During his stay in Los Angeles, he slept on a friend’s couch as he continued to produce music.

Breakthrough

As he continued to drop more projects on MySpace, Travis Scott quickly began building his reputation in the hip-hop industry. Nonetheless, he was still label-less and desperately seeking means of faster growth. To his prayers, both Kanye West’s GOOD Music and Epic Records reached out with label contracts hoping to sign the young talent from Houston. Knowing this was his ticket to the top, Travis Scott quickly jumped back into the studio feeling more motivated than ever.

Shortly after his signing, Travis planned to release his first solo mixtape titled “Owl Pharaoh,” as a free download over MySpace in 2012. The project’s release was halted over sampling clearances. A year later, it was released on the iTunes store. Continuing to make music, Travis quickly found himself performing at local shows. His first of which was the 2014 SXSW music festival in Austin, Texas.

Music Career

Travis scott net worth
Source: Billboard

2015 was the year Travis Scott arguably solidified his name in hip-hop forever. In this year, Travis Scott released his debut studio album, Rodeo. Because of its unique production and experimental nature, the album truly stood out and left listeners in awe. Shortly after its release, the album reached mass commercial and critical appraisal in the hip-hop community. It featured guest artists such as Quavo, Kanye West, The Weeknd, and Justin Bieber to name a few. The album debuted number three on the US Billboard 200 chart.

Travis Scott didn’t stop here, releasing albums almost every year following Rodeo’s debut. The following year, Travis released “Birds in the Trap Sing McKnight,” debuting number one on the US Billboard 200 chart. Within the same month, Scott had signed a worldwide deal with Universal Music Publishing Group to reach a grander audience.

In addition to his own music, Scott also does production work for many other superstars in the music industry. As a matter of fact, Travis exclusively produced Kanye West’s “Cruel Summer,” a collaboration mixtape including all the GOOD music artists. He’s also produced hit singles for Drake, Madonna, Rihanna, and many other A-list music stars. As both a world-class artist and producer, it’s no surprise Travis amounted to the musical success that he did.

Throughout his musical career, Travis Scott has won a number of awards and recognitions. His first of which was the People’s Champ Award at the 2016 BET Hip Hop Awards. He was nominated for another Grammy in 2018 and several more in 2019, including Best Rap Album and Best Rap Song. Fast forward to 2019, Travis took home the Billboard Music Awards, where he won Top Streaming Song for his hit song “Sicko Mode.”

Travis Scott’s Albums

Here is a list of Travis Scott’s wildly accredited album catalogue, by year of release:

  • Owl Pharaoh (2013)
  • Days Before Rodeo (2014)
  • Rodeo (2015)
  • Birds in the Trap Sing McKnight (2016)
  • Astroworld (2018)
  • JackBoys (2019)
  • Utopia (TBA 2021)

Travis Scott Net Worth 2022

As of 2022, Travis Scott has a net worth of $60 million. His net worth is largely made up of career yearly earnings, which range vastly depending on whether or not he’s on tour. Outside of his musical endeavors, Travis has also amassed a few million from his Nike endorsement deal via merchandise royalties.

In June 2020 Travis paid $23.5 million in cash for a mansion in the hills of Brentwood, Los Angeles. The property is expected to have appreciated closer to $28 million as of 2021.

Astroworld Controversy

After a tragic incident at the Astroworld festival in Houston, TX left eight dead and many more injured in November, Travis Scott is now facing a controversy that could negatively impact his net worth dramatically. He is facing a combined $750 million lawsuit from 125+ attendees of the event, per TMZ. His shows are known for being dangerous as he has reportedly been arrested several times for inciting riots at his shows in the past.

Travis Scott is also no stranger to lawsuits. Among countless filings, in September 2021, he was sued over the misleading labeling of his hard seltzer brand, Cacti. Rebecca Read filed a lawsuit around the brand’s claims to be “made with 100% Blue Agave from Mexico.” The drink is actually made with agave sweetener, not the pure blue agave used in tequila.

The Astroworld controversy will no doubt cause Scott’s net worth to take a hit. We can also anticipate a loss from canceled shows (Travis Scott refunded every attendee of the Astroworld event and canceled his following two concerts). But as of today, his net worth remains $60 million.

Key Takeaways

  • Believe in your vision: At a time, Travis was sleeping on his friend’s couch with no emotional or monetary support from his family. Regardless, he continued to push and perfect his craft because he believed in his vision. Even at times when we feel the odds are stacked against us, we must continue to focus on our vision in order to push through the difficult times. In times like this, your willpower and self-belief will lead you out of the storm.
  • Be Unique: From his first album release to his most recent merchandise drop, Travis has never failed to be unique. Similar to Travis, we should always aim to be as unique as we’re comfortable expressing. The world is full of ideas, many of which haven’t been created. It’s up to us to do something different and hopefully let it lead us to a wealthier future.
  • Leverage your brand: From brand endorsements to virtual video game concerts, Travis has shown to be a master at leveraging his brand. When you start getting your business or brand off the ground, don’t be afraid to network and seek mutually beneficial partnerships to continue your growth. As Travis has shown, this can lead to a world of fortune.

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2 comments on “How Is The Net Worth of Travis Scott $60 Million?

  1. Really a motivating story you’ve got, Scott.. thank God for you

  2. All in on Travis Scott for a bright future, he is a natural