Megan Thee Stallion net worth in 2024 has become a topic of fascination for fans and music enthusiasts. The Grammy-winning rapper and songwriter has made waves in the music industry with her powerful lyrics and dynamic performances. Since bursting onto the scene, she has established herself as a dominant force in hip-hop.
Let’s explore her earnings, sources of income, and the remarkable journey that has contributed to her impressive net worth.
Megan Thee Stallion in brief
Full Name | Megan Jovon Ruth Pete (Megan Thee Stallion) |
Date of Birth | February 15, 1995 |
Place of Birth | San Antonio, Texas, USA |
Occupation | Rapper, singer, songwriter |
Height | 5 feet 10 inches (178 cm) |
Ex-Partner | Pardison Fontaine |
Net Worth | $30 million |
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What is Megan Thee Stallion Net Worth in 2024?
Megan Thee Stallion is an American rapper, singer, and songwriter with a net worth of $30 million as of 2024. She became well-known for her freestyle rap videos on social media. In March 2021, Megan won three Grammy Awards: for Best New Artist, Best Rap Song, and Best Rap Performance.
Megan’s big break came with her mixtape “Fever” in 2019, followed by her EP “Suga” in 2020, and her first album “Good News.” All of these were big hits and appeared on the Billboard 200 chart. Her song “Hot Girl Summer” helped her get global fame. She also had popular songs like “Savage” and “Body” and was featured in Cardi B’s hit “WAP.”
Megan Thee Stallion’s Early Life and Education
Megan Jovon Ruth Pete also known as Megan Thee Stallion was born on February 15, 1995, in San Antonio Texas. Soon after her birth, her mother Holly Thomas moved them to Houston. Thomas known as “Holly-Wood” in the music scene often took Megan to her recording sessions instead of daycare. Megan grew up in Houston’s South Park neighborhood and later moved to Pearland at 14 where she lived until she turned 18. It was around the age of 14 when Megan started writing her rap lyrics.
When Megan Thee Stallion showed her rapping skills to her mom at 18, Thomas advised her to wait until she was 21 to pursue it seriously feeling her lyrics were too mature for her age. Megan attended Pearland High School graduating in 2013 but faced a personal loss when her father passed away during her freshman year.
As a freshman at Prairie View A&M University in 2013 Megan began gaining attention by posting videos of herself freestyling on social media. One of these videos where she battled male rappers in a “cypher” went viral and significantly boosted her online following. Megan’s Instagram became popular for her freestyle videos and she affectionately dubbed her fans “hotties” attributing much of her early success to their enthusiastic support.
Taking a break from college to focus on music Megan later returned to Texas Southern University to finish her studies in health administration graduating on December 11, 2021.
Megan adopted the stage name “Megan Thee Stallion” because people had referred to her as a “stallion” during her teenage years due to her tall stature (5 ft 10 in) and curvy body. In southern U.S. culture “stallion” is a term sometimes used to describe statuesque and shapely women.
Megan Thee Stallion’s Career
Early beginnings
In 2016, Megan Thee Stallion released her first single “Like a Stallion”. Afterward, she put out two smaller mixtapes Rich Ratchet and Megan Mix exclusively on SoundCloud. In September 2017, Megan debuted professionally with the EP “Make It Hot”. One of its singles “Last Week in HTx” gained millions of views on YouTube.
Tina Snow and Fever
By early 2018, Megan signed with 1501 Certified Entertainment a label in Houston. She became their first female rapper. She performed at SXSW Festival and later released an EP titled “Tina Snow” in June 2018 named after her alter ego. Critics praised the EP for its bold lyrics and confident style.
In late 2018, Megan Thee Stallion signed with 300 Entertainment becoming the first woman on their roster. She released “Big Ole Freak” in January 2019 which marked her first Billboard Hot 100 entry. Her second mixtape “Fever” dropped in May 2019 and was highly acclaimed.
During the same year, she featured in the XXL Freshman Class and collaborated with Chance The Rapper on “Handsome”. Her song “Hot Girl Summer” with Nicki Minaj and Ty Dolla Sign became a viral hit peaking at number 11 on the Billboard Hot 100.
In 2019, she also signed a management deal with Roc Nation created a Halloween series called Hottieween, and performed her first NPR Tiny Desk Concert. Megan was recognized in Time’s “Time 100 Next” list in November 2019.
Career stardom, Suga and Good News
In January 2020, Megan Thee Stallion released a song called “Diamonds” with Normani for the movie Birds of Prey. She also announced her first album Suga and dropped the lead single “B.I.T.C.H.” The following month she featured on Phony Ppl’s track “Fkn Around” and performed “B.I.T.C.H.” on The Tonight Show Starring Jimmy Fallon.
Megan Thee Stallion had some delays with her album release due to contract negotiations with her label 1501 Certified. Around the same time, her song “Savage” from an earlier EP blew up on TikTok especially after a popular user made a dance challenge to it. Beyoncé even did a remix with her and the song became Megan’s first big hit in the US pushing Suga up to number 7 on the Billboard 200.
During 2020, Megan Thee Stallion was busy. She became a judge on Legendary released “Girls in the Hood” and collaborated with Cardi B on “WAP” which broke streaming records. She also became a Global Brand Ambassador for Revlon and got her first Billboard Music Award nomination.
Time magazine named her one of the most influential people of the year and she racked up multiple nominations and wins at award shows. She continued releasing music including “Don’t Stop” and “Body” which led up to her album Good News in November 2020.
In 2021, Megan Thee Stallion kept the momentum going. She won big at the BET Awards and collaborated with BTS on a remix of “Butter.” She also released a collection of unreleased tracks titled Something for Thee Hotties. Megan was recognized for her philanthropy and received several awards including the 18th Congressional District of Texas Hero Award. She also inked a deal with Netflix to produce content.
Traumazine, Hot Girl Productions, and Megan
In 2022, Megan dropped a new song with Dua Lipa called “Sweetest Pie” and made a surprise appearance at the Oscars where she performed “We Don’t Talk About Bruno.” She launched a nonprofit called the Pete and Thomas Foundation in honor of her parents and received accolades for her humanitarian efforts in Houston. She announced her second album Traumazine and later parted ways with her record label due to promotional issues.
Moving into 2023, Megan Thee Stallion starred in the film “Dicks: The Musical” and continued her music career with new singles like “Bongos” with Cardi B. She announced her third album Megan set to release in 2024 and dropped several singles leading up to it including “Cobra” and “Hiss” the latter becoming her third number-one hit.
On February 2, 2024, Megan signed a distribution deal with Warner Music gearing up for her upcoming album release.
Megan Thee Stallion’s Personal Life
Megan Thee Stallion has referenced her Creole heritage in songs like “Cocky AF” and “Freak Nasty” as well as in a tweet from September 2017. Sadly her mother Holly Thomas passed away in March 2019 after battling a long-term brain tumor and her great-grandmother also passed away around the same time.
Megan Thee Stallion paid tribute to her mother in the song “Flip Flop” from her album “Traumazine” released in August 2022. In early 2024 some fans of Nicki Minaj shared the location of Holly Thomas’s grave before the release of Minaj’s single “Big Foot.”
Megan is a big fan of anime with “My Hero Academia” and “Naruto” being among her favorites. She even inspired manga artist Shōta Noguchi’s drawings of the character Rumi Usagiyama from “My Hero Academia” using her Instagram photos.
Megan herself dressed up as Usagiyama for Halloween in 2022 having previously cosplayed as characters like Shoto Todoroki from MHA and Usagi Tsukino from Sailor Moon.
Megan Thee Stallion confirmed her relationship with rapper Pardison Fontaine on Instagram Live in February 2021 but they parted ways in 2023. Her grandmother not only managed her but also influenced her decision to study health administration and supported her dream of establishing assisted living facilities in Houston her hometown.
Although Megan has not labeled her sexuality publicly she has expressed interest in women through her music.
Shooting
In July 2020, Megan disclosed that she had been shot and underwent surgery to remove bullets from her feet contradicting earlier reports that she had injured herself on broken glass. The incident occurred after a car ride with Tory Lanez and another person resulting in Lanez’s arrest on gun charges.
Megan later revealed Lanez as the shooter and accused his team of spreading false information to discredit her. Lanez was charged and convicted in connection with the shooting ultimately receiving a 10-year prison sentence in August 2023.
Megan Thee Stallion’s Philanthropy
In November 2019, Megan Thee Stallion gave $15400 worth of Thanksgiving turkeys to 1050 needy households at the Houston Food Bank. In April 2020 she donated over $10000 to bail relief for Houston protestors. That same month Megan teamed up with Amazon Music to support a Nursing Facility in Houston. All the proceeds from her Savage remix with Beyoncé went to Bread of Life for Covid-19 relief efforts raising over $2.5 million.
In October 2020, Megan Thee Stallion collaborated with Amazon Music to launch the “Don’t Stop” scholarship fund awarding $10000 each to two women of color pursuing degrees. In February 2021 she initiated “Hotties Helping Houston” with Rep. Sheila Jackson Lee and others to aid senior citizens and single moms affected by storms. In March 2021 she joined Fashion Nova for the ‘Women on Top’ initiative giving $1 million to support female-owned businesses. She also donated $50000 to Advancing Justice Atlanta after the Atlanta spa shootings.
In June 2021, she offered a full scholarship to the Roc Nation School of Music Sports & Entertainment. She partnered with Cash App that month for educational videos on investing and donated $1 million worth of stock to fans. In October 2021 through her deal with Popeyes, she made a six-figure donation to Houston Random Acts of Kindness.
The BTS Army launched the “Thee Army Fund” project raising over $120000 for Women for Afghan Women Black Women of Wellness and Houston Food Bank in her honor for the Butter (Remix). During her key to the city ceremony in Houston, the Pete and Thomas Foundation donated $5000 each to three locals for their education housing, and wellness needs.
Megan Thee Stallion’s Legal Battles
In 2015, Megan Thee Stallion got into trouble for allegedly assaulting her ex-boyfriend during SXSW. Megan claimed she found out her boyfriend had cheated and had a baby with another woman. When she confronted him he allegedly started pushing her and she responded by punching him. When police asked if he had harmed her she said no. The charges against Megan were dropped in April 2016 because her ex-boyfriend didn’t show up in court.
Lawsuit and departure from 1501 Certified Entertainment
In 2020, Megan Thee Stallion sued her record label 1501 Certified Entertainment to change her contract after her management company Roc Nation found some parts questionable. She used the hashtag “#FreeTheeStallion” to bring attention to the issue explaining she didn’t fully understand the terms when she first signed with 1501.
On March 6, 2020, despite objections from 1501 Megan released the EP “Suga” after a judge granted a temporary order against the label.
When Megan released “Something for Thee Hotties” in 2021 her record label didn’t consider it a full album because it was 29 minutes long instead of the required 45. They insisted she had to release two more albums in addition to “Something.”
On February 18, 2022, Megan filed another lawsuit against the label arguing that “Something” should count as an album based on industry standards.
On August 12, 2022, Megan Thee Stallion released her second studio album “Traumazine” and addressed her ongoing legal battles expressing her frustration and emotional strain but also hinting that resolution might be near.
After “Traumazine” came out Megan filed a new complaint seeking acknowledgment of her performance under her contract and $1 million in damages. Legal proceedings continued until October 19, 2023, when Megan and 1501 Certified Entertainment settled their differences amicably and parted ways.
Following the settlement, Megan Thee Stallion established her own music and entertainment company called Hot Girl Productions. On February 2, 2024, she signed a distribution deal with Warner Music Group (WMG) which will handle her masters and publishing through Hot Girl Productions.
Megan Thee Stallion Real Estate
In July 2021, Megan bought a mansion in Pinecrest, Florida for $6 million. The house is 7,600 square feet and has a private lake in the backyard.