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What is Rapper & Grammy Winner Megan Thee Stallion's Net Worth?

  • Megan Thee Stallion Net Worth: 10 Million USD
  • Megan Thee Stallion Earnings: 1 Million USD/Year

Megan Thee Stallion's Net Worth increased to 10 million USD in 2023 according to trusted online sources. By utilizing her creative talents in rap and hip hop music and producing 7 albums, including her Fever mixtape, Megan Thee Stallion has had a fruitful career thus far and is a Grammy Award winner and multimillionaire.

Rapper Megan Jovon Ruth Pete, also known professionally as Megan Thee Stallion (pronounced "Megan the Stallion"), was born in the United States on February 15, 1995. She is originally from Houston, Texas, and initially came to public recognition after Instagram videos of her freestyling went viral. The mixtape Fever (2019) and the extended play Suga (2020), both of which debuted in the top ten of the Billboard 200, were released by Megan Thee Stallion after she signed with 300 Entertainment in 2018.

Career

She debuted as a studio artist in 2020 with the critically acclaimed Good News album, which made multiple year-end best album lists. With the remix of her song "Savage" (with Beyoncé) and her appearance on Cardi B's track "WAP," she achieved her first and second number-one songs on the US Billboard Hot 100; the latter was also her first number-one on the Billboard Global 200 chart.

She appeared with Doja Cat in the 2021 remix of Ariana Grande's "34+35," which peaked at number two on the Billboard Hot 100 in 2020. Then, in 2021, she released her debut compilation album Something for Thee Hotties, which peaked at number ten on the Billboard 200 and gave birth to the smash song "Thot Shit," which peaked at number twenty in the US and was nominated for a Grammy Award for Best Rap Performance.

When the WAP co-singer won three Grammy Awards in 2021—for Best New Artist, Best Rap Song, and Best Rap Performance—she established her career. She first gained prominence through her perfect freestyle rap performances on social media, which opened the way for the release of the "Fever" mixtape, which catapulted her to fame and renown in the rap, hip hop, and trap scenes.

After Fever's popularity, she published another significant musical work, the "Suga" EP, which led to her playing shows around the US and helping her establish herself as a stand-alone artist. She established her career with her eagerly anticipated "Good News" album, particularly the "Hot Girl Summer" track, which propelled her to the international rapping stage as her music was being listened to around the world after the mixtape and EP were heard by hundreds of thousands of fans in the United States.

Her career altered when she teamed up with Cardi B to release the widely popular WAP track, which has received over a billion plays on the Spotify streaming platform alone. She is now a force in rap and trap music.

Early Life & Education

Jovon Megan Ruth Pete was born in San Antonio, Texas, on February 15, 1995. Her mother, Holly Thomas, went to Houston right away. Thomas, who performed as "Holly-Wood," brought her daughter to the recording sessions rather than putting her in childcare. At the age of 14, Pete and her mother moved from Houston's South Park area to Pearland, where they remained until they were both 18. Pete started making raps at the age of 14. 

When Pete finally got the chance to perform for Thomas at age 18, he insisted that she wait until age 21 to make rapping her career. Her mother said her lyrics were inappropriate for her young age because they were too explicit. 2013 saw Pete graduate from Pearland High School. During her first year of high school, her father passed away.

Pete started posting videos of herself freestyling on social media in 2013, when she was a student at Prairie View A&M University. A video of Pete competing in a "cypher" against male opponents quickly gained popularity.

Pete was able to increase his online visibility and social media following thanks to the exposure. While in college, she gained followers by sharing her freestyles on Instagram. She calls her followers "hotties" and attributes her early success to her fervent following. Pete returned to Texas Southern University after taking a break from her studies. On December 11, 2021, she received her bachelor's degree in health administration.

She chose the stage moniker "Megan Thee Stallion" because, as a teenager, people referred to her as a "stallion" because of her height (5 ft 10 in (178 cm)) and "thick" body structure; in the Southern United States, people refer to voluptuous and statuesque women as "stallions."

Awards & Recognitions

Megan Thee Stallion has garnered various honors over her career:

  • Six BET Awards
  • Five BET Hip Hop Awards
  • Four American Music Awards
  • Two MTV Video Music Awards
  • A Billboard Women in Music Award
  • Three Grammy Awards
  • Best New Artist at the 63rd Annual Grammy Awards
  • Named one of the 100 most influential people in the world by Time in 2020.
  • Bachelor of Science in Health Administration from Texas Southern University (2021)

Other ventures

Megan and Nike collaborated on a marketing campaign and fitness program through the Nike Training Club app in September 2021. Megan made appearances on First We Feast and Complex Media's Hot Ones in October 2021. Megan Thee Stallion and the international fast food chain Popeyes announced on October 14, 2021 that they had reached a comprehensive agreement. This agreement includes her own Popeyes franchise, a new hot sauce (Megan Thee Stallion Hottie Sauce), and co-branded products. In 2022, she collaborated with Cheetos on a Super Bowl ad.

When Martin Brundle attempted to interview Megan while she was on the starting grid of the 2021 United States Grand Prix, her security refused. This drew outrage and led to the introduction of the "Brundle Clause," which forbids bodyguards on the starting grid.

Philanthropy

Megan Thee Stallion has a history of philanthropic work, including:

  • Donating $15,400 worth of Thanksgiving turkeys to Houston Food Bank in November 2019
  • Donating over $10,000 to Houston bail relief effort in April 2020
  • Partnering with Amazon Music to donate to a Nursing Facility in Houston in April 2020
  • Donating proceeds from collaboration on BeyoncĂ©'s "Savage (remix)" to Bread of Life for Covid-19 relief efforts in April 2020
  • Launching "Don't Stop" scholarship fund with Amazon Music in October 2020
  • Launching "Hotties Helping Houston" with US House Democrat Rep. Sheila Jackson Lee, National Association of Christian Churches, and others in February 2021
  • Collaborating with Fashion Nova for "Women on Top" initiative in March 2021
  • Donating $50,000 with Fashion Nova and journalist May Lee after Atlanta spa shootings to Advancing Justice Atlanta in March 2021
  • Offering full tuition scholarship to Roc Nation School of Music, Sports & Entertainment in June 2021
  • Partnering with Cash App to make "Investing for Hotties" educational videos and donating $1 million worth of stock in June 2021
  • Making a six-figure donation to Houston Random Acts of Kindness as part of agreement with Popeyes in October 2021
  • Raising over $120,000 with BTS Army's "Thee Army Fund" project to donate to three organizations in her name in 2021.
  • The Pete and Thomas Foundation donated $5,000 to assist with education, housing, and wellness expenses in Houston during a ceremony to receive the key to the city of Houston.

What We Can Learn from Megan's Success

Because of her assurance, boldness, and racy lyrics, Megan Thee Stallion is well-known. Through her words, videos, and live performances, she displays her femininity. It's not only about looking seductive, she said in an interview with Pitchfork, "It's about being confident and me being confident in my sexuality." Regarding her Texas rap roots, she said to Rolling Stone "We never really had a female rapper from Houston or Texas come in and shut the s— down, in my opinion. So, that's my perspective."

Megan Thee Stallion lists her mother as the person who has influenced her the most. She says Pimp C and his 2006 solo album Pimpalation have influenced her since she was a young girl. She admires the rapper's talk-rap delivery and "cockiness," and says she hopes to convey the same confidence via her music as he does. She also cites the Notorious B.I.G., Lil' Kim, Queen Latifah, and the Three 6 Mafia as influences, and Q-Tip as her mentor. She has mentioned in interviews that as a young woman in the 2000s, she used to think to herself, "How good would this sound if a girl did it?" when she listened to her favorite rap songs by artists like Three 6 Mafia and Pimp C.

Beyoncé has also had an impact on her. Beyoncé joined her in her acceptance speech at the Grammy Awards for "Savage," she cried, "I've always been like, 'you know what? I'm going to be like the rap Beyoncé when I'm all grown up. That was undoubtedly my aim. [..] I admire her work ethic, who she is, and how she carries herself." She mentioned Nicki Minaj as another inspiration in an interview with Teen Vogue: "She arrived before us, so at this moment, she is who we had to focus on. She has therefore undoubtedly inspired me."

Megan Thee Stallion has referred to herself in various interviews as "Tina Snow," one of her alter personalities and the name of her debut EP. It shares Pimp C's alter ego Tony Snow's assurance and delivery, which is shamelessly sexually domineering. Another alter identity, "Hot Girl Meg," is described as representing Megan Thee Stallion's vivacious and carefree side, which she likens to a "college, party girl." She claimed that "Hot Girl Meg" was first released on her EP Fever. Thee Hood Tyra Banks is another name by which she has identified herself.

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